Post
Topic
Board Altcoin Discussion
Re: Investing wisely in memecoins can give you returns.
by
Altcoiner007
on 06/06/2024, 14:33:11 UTC
I don't know if you guys noticed, but I can feel this is memecoin season already. X (formerly Twitter) is filled with tons of memecoins. I know what you are thinking, like how am I supposed to research which one is good or bad so I could invest?

This is where the research comes in. If you do research and put in the effort, you can basically find a gem that's worth investing in.

Let me give you an example of how you can find one, especially dog-themed memecoins. Check Twitter or DexScanner, and if you see a coin that's making green or the numbers are attracting you, you will want to research and find out about that token on X to see if it's connected to any links or even mentioned by Dogecoin team members. Coincidentally, today I saw a memecoin called JungleDoge in the top 60 on DexScanner as it was trending as well, and it was also mentioned by Jordan Jefferson on X, and he even follows the project's team X account. So you can already tell I have found at least one good memecoin.


Also note that, this strategy will not work all the time; crypto is unpredictable. It teaches us to be patient with anything we touch. So if you guys have any experience investing in memecoins, share it here.

That's a nice catch there! Dog theme projects associated with Doge itself most of the time turns out to be trending project and profitable for memecoin investors. Looking at it, it's clear $JUNGLE coin is fronted by the $DOGE coin team and may have been endorsed by Elon Musk. Aside from CEX like Bitget announcing on X that users can trade Jungle on their platform or stake USDT to mine it on PoolX, I noticed Jordan Jefferson (X: @MyDogeCEO) the Founder and Lead Engineer of the top Dogecoin Wallet mentioned this project in a tweet. I found it on Raydium as well.