Quote from: Biznesmen on Today at 01:21:48 AM

Quote from: Games.Bitcoin on July 17, 2023, 03:04:50 PM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

There are a few steps before you buy any coins, especially meme coins. The first is to visit a website that shows you trending, newly launched meme coins. You can check the daily gainer section and start to invest with unique and catchy names. The second step is to stay active on social media and follow genuine social media meme coin influencers. And you can join a telegram group as well, because there are many telegram groups that are made specially to spot new meme coins at very early stages, so you can take advantage of such groups. And you also have to understand that 90 percent of these meme coins fail, and most of them are pump-and-dump, so learn about the risk before investing.

So your last sentence just crosses out everything you said before. Even if the developers are truly trying to make some new good and catchy project it can fail because almost everything that matters in memecoins is luck and trends.