How do I find the next memecoin to buy?
There are hundreds of coins coming out a second.
a lot of it is garbage you should never buy as a beginner, the way memecoins work is they are launched across various blockchains, and launchpads for simplicity reasons i'm just going to talk about pump fun / solana memecoins.
the truth is to find a hot gem / coin before anyone does you have to catch it before it goes super viral / trending
trading platforms have "graduated" tab which is the latest memecoins that came out that hit the minimum threshold to hit this graduated tab.
These are the coins that aren't AS garbage as the ones that come out every second but they can still be extremely garbage / fake as well
It is worth following many top traders / people you decide to follow just to see the little bubbles as shown below. Whenever i scroll graduated or Trending and i see a ton of "Friends" in the coin it leads me into doing research into the coin / narrative.
Remember - just because you see a coin does not mean you should be instantly buying, you should do research on what the coin exactly is, what the meme is, ask yourself if this will go more viral, etc.
Read other traders theses to help form your own opinion but never blindly copy people.
The next time you see a meme on the timeline or on TikTok, etc. and you think it will go more viral it is worth checking if there is a meme for it already with a few holders and buying it.
The ceilings of what these coins can go to is only getting increased. We are seeing some of the most users / volume in years.
There's a lot of people making a lot of money right now. There's also a lot of people losing money, it's important to be realistic.
My best advice is the following -
Set yourself a budget, that you are 200% okay with losing. For my example i will use $900.
As a beginner i am going to give myself 3 ATTEMPTS. And split it up EQUALLY, So $300 per attempt.
My first attempt i will lose most of my trades, i might get lucky a few times etc. but it's the truth. Be okay with attempt #1 you will lose it all.
You are going to split your trades to be 10-20% of your portfolio, this will give you 5-10 trades assuming you lose everything. Give yourself rules. Do the research on the coin, do not buy ANY coin blindly. ONLY BUY after you think you know as much as you can about the coin, the narrative, who's in it, etc.
Journal every trade. Learn as much as you can. If you feel very convicted in something it's up to you to decide how much you want to allocate of your 1st attempt budget into the coin. But don't go chasing random narratives / revenge trading. Go very small.
The people making millions have been doing this for 3+ years, you are at a disadvantage by starting this late, but it's better late than never.
Hopefully for your 2nd attempt you've already taken 20ish trades throughout the span of a few days / week really understanding what everything you traded was.
I hope that with every attempt and trade you take you are learning something new.
also sometimes it's okay to sideline. there will ALWAYS be another trade. you don't have to force anything, this is how people lose.
anyways i know this was kinda yappy but i just see where this is going, some of these pnl's being hit on chain are insane and you will probably not achieve this for a very long time (if you ever do ) but my irl friend recently turned turned $1k into $5k on a robinhood utility coin he bought off seeing different fomo traders thesis which made him look into it and get giga bullish on the narrative.
i've made money doing the same, you obviously don't have to use this platform or even use my ref link. but if you do decide to i would appreciate using my link which you will get 10% off all fees and i will get 25% of trading referral fees :) https://t.co/eJGE69DvMU
i also have a free community that has other traders in it, there isn't much in it right now other than more beginners but its always nice to have many opinions / people to talk about coins about which you can join here - https://t.co/OqrG57gHFR
thank you!
honestly i'm gonna go on a yap session and try to keep this educational / informative but it is important to note that this trade is 1 in a million and the chances of you doing the same are extremely low and you're very likely to lose a lot at first.
but let's study this particular trade and many others who took the same trade, follow their theses, and understand what leads people to buying memecoins and making money.
ηζ₯ is a memecoin about a movie that was made in China of a funny looking bull that was very low quality.
A very early thesis came from trader @Quanterty (Who is up $2M on this coin but from a much larger buy) that said
"There's a movie of a retarded looking bull that has completely flopped in china and it is slowly becoming a meme because of how bad the movie is... Do you see the vision ?"
He said this 2 weeks ago.
Here are a few tweets top traders were linking on their theses to further explain their "conviction"
https://t.co/z3ZBA3kfii
https://t.co/bIHndVsgUC
There is another trader who turned $3,000 into over $1.1M ( @RowdyCrypto ) who was giving a thesis on this coin for weeks as well -
So most of these traders early on were betting on this narrative going even more viral than at the moment they bought.
Every memecoin you buy IS a narrative, you're always betting on something getting more attention which leads to more buyers / more volume.
Sometimes these memecoins have catalyst events which lead to the coin price going higher. A lot of traders were speculating on this coin have been speculating on it getting listed on Binance which is a very big Crypto Exchange and has a lot of Asia users. While this hasn't happened yet, the speculation on it has led the price to continue rising.
A lot of these traders held for weeks through many ups and downs but they stuck to their conviction. They believed in the narrative, and they are currently getting rewarded for it.
There have been over 8,000 theses on this coin.
They do this on a trading platform called fomo, when you sign up you can use my referral code Orangie for 10% off your fees (if you want to, i'm not trying to make this thread a shill lmfao)
but what this version of social trading has done is allow people to express their thoughts on coins publicly, and either be wrong or VERY right. you can go follow different traders, read different theses, on this particular coin Niu Lai, but i want to talk about how would you find the next memecoin to do so.
Drop your $SOL address fast
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