How to Spot Meme Coins Early
If you’re a crypto investor looking to get in on meme coins like Shiba Inu (SHIB) and Pepe (PEPE) before they go viral, there are tools and strategies you can use to spot these opportunities early. A crypto analyst known as BlackbeardXBT shared a guide on how to do just that with his followers.
Using Dexscreener for Price Analysis
Dexscreener is a price analysis platform that allows users to see real-time data for new and old projects across various chains, including Ethereum, BSC, Arbitrum, and more. The ‘New Pairs’ tab on Dexscreener displays newly created coin pairs, giving you the chance to buy them in real time.
Filtering New Coin Pairs
Blackbeard advises against trending coins and suggests using the ‘Filter’ tab to narrow down your options. You can filter coins based on liquidity, fully diluted valuation, pair age, and buy and sell volumes to identify potential meme coins.
Researching Potential Projects
After filtering the coin pairs, it’s important to research the projects further. Visit their website, check out the team and community, read their papers if available, review their social media presence, and analyze the chart before making any investment decisions.
Hot Take: Proceed with Caution
While these strategies can help you identify potential 100x projects early on, it’s crucial to remember that the crypto space is rife with scams. Even after conducting thorough research, never invest more than you can afford to lose in these brand-new coins that are yet to prove themselves.
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