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.
Nice tips! At least we can filter out quite a lot of memecoins. Anyway, in my opinion, a memecoin's value is based on hype and popularity to increase its demand. So, memecoins mentioned by people with a large follower have potential. The more people who buy a memecoin, the higher its value. But still, like you said, the crypto space is unpredictable. So, there's a possibility that people won't be interested in a memecoin even if it's promoted