Meme coins thrive on speculation and hype,their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.
It's a lottery if you are buying them all and only a few of it meets up the hype. But if you know what you are looking for and can predict through analysis, you can get a x2 coin more than half of the time and those coins sometimes even goes x5 or x10s. Marketing budget surely can be a thing with more hype created around a coin, more people are going to buy it. Other major thing to consider are its trading volume and low resistance. When you buy a meme coin with good trading value at its lower resistance, you won't regret. The same is true for other coins but all they do is 15 to 30% but with memecoins, it's an easy x2.