Most memecoin traders are often hungry users that wants the quick and out money in this space. And to that fact, I don’t think actual traders should spend much time in the Meme ecosystem.
I know that some traders do trade in the memecoin ecosystem. Though I think they trade more with the well known memecoins since traders are often looking for high liquidity and you can't have that with a lot of memecoins these days.
If at all i would try, where do I start from and do you think the token can be trusted?
It is your decision to make. I assume that trading with well known cryptocurrencies would be pretty similar with a few adjustments when it comes to memecoins. So, if you have been trading already just apply what you know already. I think it will take some experience to really figure it out.
Uhmmmm ok—I will consciously apply my strategies and if it works then fine
For crypto tokens in general the strength of the utility and community around them are key metrics for predicting their memecoin success.
It might just be my opinion but this phenomenon is being exhibited by the Buildon token ($B) right now. With its initiative of forstering usd1 stable coin adoption on DeFi platforms like pancake it was no surprise it faired so well on the Bitget onchain and is now trading on Bitget spot.
The utility may be good but without the Binance community cheering it on, it would not have pulled this off.
So i would start my evaluation of these from the utility and their community's commitment to the memes success.
Oh well, this token even after being listed on the bitget spot trade, price has still maintained a bullish trend, I will support what you said about the binance listing that helped in triggering the price. I will say both CEX had a major impact on the token—I’m expecting price to retrace before we can see another ATH.
If at all i would try, where do I start from and do you think the token can be trusted?
You can trust meme tokens like you are sure to win a round, obviously people do not just expect reasonable returns, but many times more like casino games. This type of token is purely based on community speculation, a fairly effective tool for rotating wealth among them. There are special tips for you to last longer playing with this sector. No one is really committed, they win, they move on to the next game table.
Oh ok, I got that information right from you, expect it👌