Post
Topic
Board Altcoin Discussion
Re: Investing wisely in memecoins can give you returns.
by
o48o
on 21/07/2024, 21:08:12 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.
This is pretty much the opposite definition of the term "wisely". It can be profitable, but it's far from wise. Connections between teams don't really give you enough information either, or how they are themed. Because whole theme will be oversaturated by different tokens with same theme if 2 of them get success.

"Research" and "investing" are also misleading terms when it comes to meme tokens. Research is pretty straight forward and simple, so calling it research is just insulting to anyone doing actual  research. And investing is a far fetch term too. These tokens don't have intrinsic value. It's almost always low frequency trading and speculating.