and the distribution of digital products.
Top Ways to Find Meme Coins Before They Explode
Meme coins have become a crazy phenomenon in the volatile world of cryptocurrency. These digital assets often take their inspiration from the internet meme jokes and sometimes become immensely popular overnight.
The possibilities and profits in meme coin trading are astronomical, as evidenced success from Shiba Inu, and Dogecoin’s meteoric rise. But there is no shortage of the next big meme coin that will absolutely explode at some point and you have to rely on both strategy and research — and a little bit of luck — in order to spot it ahead of others.
In this article, we will discuss Top Ways to Find Meme Coins Before They Explode.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
Monitor Social Media PlatformsMeme coins thrive solely on hype since hype first appears on social media. These platforms — Twitter, Reddit, Telegram, and TikTok — are good sources of information about emerging meme coins. Here’s how to effectively use these platforms
- Twitter: Find trending projects with the hashtags #MemeCoin, #CryptoGems, #AltCoins. Listen to people in the crypto space who are always talking about new coins.
- Reddit: Subreddits such as r/CryptoMoonShots and r/SatoshiStreetBets are places where users discuss low market cap coins with good growth.
- Telegram: Follow crypto focused groups as they are as a place where new projects get promoted.
- TikTok and Instagram: Platforms allow for the widespread reach, so crypto content creators often post about new meme coins.
Stay beware of scam and overly promotional posts. Check all required information before you invest.
Track Listings on Crypto Tracking WebsitesCoinMarketCap and CoinGecko are must have tools for crypto investors. Also crypto trading bots like Gmgn and photon sol also have tools to find new memecoins. They bring you real time data on listings, market capitalization, and trading volume, etc.
- CoinMarketCap’s “Recently Added” Section: This feature features new cryptocurrencies to the platform.
- CoinGecko’s Filters: You can use filters to categorise coins based on new releases or they are trending.
- Gmgn Dashboard: Gmgn.ai features new, trending and liquidity burned tokens that are just launched.
- BullX Dashboard: It also features advanced options like social media analyzer, bubble map etc. to help identify legit tokens.
On a calculated note, pay attention to the trading volume and liquidity of these coins to see their such potential.
Analyze Community EngagementOften it is the community of a meme coin that dictates how strong it is. A coin can go viral with the help of a passionate and active community. Here’s how to gauge community engagement
- Official Social Media Channels: Have a look at the coin’s Twitter, Discord or Telegram channels to see what’s going on, how many people are engaging.
- Growth Trends: This is where tools like Social Blade will track follower growth and also engagement metrics.
The key here being that it’s a rapidly growing organic community as opposed to paid promotions.
Dig the Development TeamBehind every success meme coin there’s a team, one that is known or unknown. Do some due diligence to make sure the developers are credible.
- Transparency: Do the developers have profiles? Are they known in the crypto space?
- Past Projects: Try to find out if the team has developed other successful project(s).
- Audit Reports: Check for audit reports in audit reports created by trusted organizations like CertiK to check that the project’s smart contracts are secure.
Anonymous teams with few or no track record may pose such higher risk of rug pulls.
Crypto Launchpads and Pre-Sales useEarly access to new cryptocurrencies, oftentimes at discounted prices may be gained through launchpads or pre sales. Examples of projects with meme coin potential are often hosted on platforms such as Binance Launchpad, TrustSwap, Unicrypt and many more.
- Launchpad Criteria: Take a look at the vetting process of projects. Scams are less likely to get listed on platforms with strong criteria.
- Pre-Sales: Participate in Pre Sales and Initial DEX Offerings (IDOs) of tokens before public listing.
Look at the tokenomics of the project; how much is in circulation, how much there will ever be and even where it’s going to be burned can influence the value of the project in the future.
Follow Blockchain ExplorersBlockchain explorer like Etherscan and BscScan help you track wallet activity and transaction in realtime.
- Whale Watching: Invest in new meme coins and track crypto whales wallet addresses.
- Token Creation: Start looking for recent tokens that have just been minted and search through their transaction history.
While new tokens can be an opportunity, but only if there are active liquidity pools so that you don’t have illiquid assets.
Marketing and Partnerships evaluationSome Meme coins do very well just because they have strong marketing campaigns and strategic partnership.
- Influencer Endorsements: Look for coins that struck partnerships with well known crypto influencers.
- Collaborations: Coins partnering with NFT projects, gaming platforms, or decentralized finance (DeFi) protocols often have added utility and appeal.
Determine if the marketing campaigns are a one time trick or if these are sustainable.
Stay Updated on Crypto NewsAn excellent way to learn what’s on the horizon regarding meme coins is determining which news portals, blogs, and YouTube channels cover these topic areas.
- Crypto News Websites: New trends, and new projects are often reported, on platforms like CoinDesk, CryptoSlate, and Coincodecap.
- YouTube: Follow the top authorized crypto YouTubers who explain new meme coins.
- Community Websites: Look for community websites like Coinmonks,Reddit etc. for new tokens.
To make sure you don’t fall into the pump-and-dump trap check the authenticity of the information from multiple sources.
Study Tokenomics and Use CasesMost meme coins will be a hype, those with solid tokenomics and a readiness usecase will stand the test of time.
- Supply and Demand: Check out the coin’s total supply and if it releases tokens in a way to make it deflationary (meaning reducing the total supply, like Burn).
- Utility: Is the coin a use case unique or simply speculative?
It is safer bet generally on projects with real world applications or with integration in broader ecosystems.
Leverage Data Analytics ToolsThere are several platforms that offer the advanced analytics that will allow you to figure out what potential meme coin opportunity that lies before you.
- LunarCrush: It follows digital coins social media metrics, such as mentions, sentiment, and engagement.
- Dextools: We look at trading activity, liquidity pools and other trends for tokens on decentralized exchanges.
- Nansen: It offers an insight on how wallet activity and token flows go.
Bring lots of data into one place to get a holistic view of a project’s potential.
ConclusionIt’s not easy to find the next meme coin before it explodes. That takes diligence, research and for some of us, the willingness to spend quality time in a market thick with risks and rewards.
To enhance your odds of identifying opportunities, follow social media; analyze community engagement; use analytics tools; and participate in pre sales. However, always remember the golden rule of cryptocurrency investing: Under no circumstances should you ever invest more than you are willing to lose.
Meme coin’s market is a rollercoaster and you can own the reward and endure the risk simultaneously.
For on-demand analysis of any cryptocurrency, join our Telegram channel.