Meme Coin Selection Guide: Keep the name short, avoid the narrative of "We're not just a meme."
Choose Meme tokens that align with your values and enjoy the fun of investing.Source: Web3Quant X Account
Written by: Web3Quant
Compiled by: Deep Tide TechFlow
Here are the key points I focus on when investing in Memes :
- Meme Name
The best names should have 3-5 letters.
Easy to remember.
Not difficult to pronounce.
- Meme Attributes
Completely impractical, no team commitment, only a good atmosphere.
Avoid tokens that claim to be "more than just a Meme." If it's not 100% a Meme, it shouldn't even be here.
Memes should be a universal concept, allowing more people to easily participate.
Scalability. The ability to continuously add new Meme elements to attract new community members.
Positive and uplifting. Try to choose positive Memes and avoid controversial content, as this makes it easier to gain public support from celebrities and exchanges.
No expiration date. Excellent Memes should not have time or price limitations.
- Community
The core of a Meme is the community. Specific Memes can attract specific types of community members, and great Memes usually have healthy members.
It's important to cultivate early participants who maintain a positive attitude even when the Meme's price drops.
Token distribution @HolderScan. The more dispersed the holdings, the better, indicating that more people are putting effort into their investments, which also increases the token's risk resistance.
- Valuation
Classify Memes into different valuation categories (1 million to 100 million, 100 million to 1 billion, 1 billion to 10 billion), which helps in better planning of selling strategies.
Many small-cap Memes may not achieve significant market cap jumps, understanding this is crucial for developing short-term trading strategies.
For those Memes with a market cap over 1 billion, they usually gain widespread support from the cryptocurrency community.
Conclusion
In the world of cryptocurrency, Memes have become an undeniable force due to their unique cultural appeal and massive community support. Through careful analysis and selection, investors can find interesting opportunities that may yield substantial returns in this emerging field. Remember, everyone's investment journey is unique, and we should choose Meme tokens that align with our values and enjoy the fun of investing.
