Meme Coin Investment Guide: 5 Steps to Pick a Meme Coin with 1000x Potential
Meme coins have been on a high for several days, and many have easily doubled. Those who entered the market early have already made hundreds or even a thousand times the profit. So how to choose the right Meme coin and what are the investment tips?
Crypto investor @rektfencer shares a guide on how to invest in meme coins and how to find 1000x meme coins.
From $100 ➔ $100,000 in one week
How to do it? The method is to buy meme coins that have 1000x upside potential.
Which meme coins to choose? Below is my (very) simple 1000x Meme coin strategy.
Many people have made millions by buying the right Meme coins.
$PEPE: 237x
$MOG: 153x
$FLOKI: 210x
Here’s my complete guide to finding 1000x meme coins:
What you need to know before buying Meme coins
Learn to jump ahead and enter the market earlier than others.
Your goal is to take a position in the token well in advance of the crowds.
To do this, you should try to predict future trends, narratives, or hot topics before they emerge.
5 Steps to Mastering Meme Coin Trading:
1. Pay close attention to token performance
Focus on powerful, popular Meme coins.
Don't waste your time on losers; instead, ride the wave of hype.
How to Find Popular Meme Coins:
➢ Pay close attention to prices
➢ Curate Twitter list with meme coin V
➢ Track the projects with the largest gains on DEX Tools or DEX Screener
Focus your attention on a few selected coins:
➢ Visit https://dextools.io/app/en/gainers
➢ Click "custom filters" below
➢ Set total liquidity, trading volume and minimum value of swap
By filtering in this way, you protect yourself from scam projects and cut out the noise.
2. Check the community atmosphere of the token
After compiling a meme coin watchlist, gain a deeper understanding of the strength of its community.
Community is the most important factor affecting Meme coins.
Therefore, a good meme coin should be fun, engaging, and simple.
To check a coin’s community strength:
➢ Scan social media: Twitter, Telegram, Discord for updates
➢Check if the token is popular on DEX Tools and Coingecko
➢ Evaluate the engagement rate of their posts
3. Research fundamentals
While fundamentals may not be as important for meme coins, solid ideas can still help you spot winners and avoid scams.
It's important to filter to reduce exposure risk and prevent your investment from going to zero.
Ask yourself these key questions:
➢ Who is on the team? Are they good at hype?
➢ Review token economics. Any tips for burning tokens or fighting inflation?
➢ What makes them stand out from other meme coins?
4. Always bet on leaders
In the early stages, the leader of the narrative often determines whether or not it can outperform other coins.
However, you can predict the end of the hype cycle and move to a similar narrative with a lower market cap.
If you enter $BONK early, you will catch the huge increase.
Now, with their market cap reaching billions of dollars, those Solana meme tokens with a market cap of $5-10 million look enticing.
Leave it as is – rotating coins too early can mean missing out on gains and taking on avoidable risks.
5. Follow the smart money
➢ Identify early buyers of successful memecoins on Etherscan and Solscan
➢Follow @lookonchain to discover smart financial insights
➢ Create a custom watchlist on DeBank to monitor wallets
Final tip:
➢ Treat Meme Coin as a gamble; avoid excessively large position sizes.
➢ Store funds in a separate on-chain wallet instead of your main wallet; you also need to be prepared to zero out.
➢ Don’t ignore meme coins on the new chain.
