But if you have the right strategy, you can find 5-30x GEMs.
How to look for future high-cap tokens and not lose money ๐งต๐
With each wave of popularity of trading on Solana, more and more memecoins are created.
And most of these tokens are garbage and not worth your attention.
But there are tokens that can fly high after falls. Find out how to look for them.
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1. We'll start with the platform that everyone knows and uses - @gmgnai.
You can use the 'Meme' or 'Trending' tab, but I'll show you examples on the second one.
To begin with, just look at all the tokens you see, see if there is a trend and check what volumes are still in the market.
3. Don't forget to enable token filters to filter out the garbage.
Let it be an average value of 40-50k market cap and also do not forget to check the number of snipers that remain in the token before making any decision.
You can also immediately check what caused the big price drop.
5. It is also very important to check the project's website and to see if the Devs have bought Dexscreener.
A good website is a good potential for future growth and increases the chances that the token will be noticed.
A purchased Dexscreener makes it possible to make changes to the token information and also pushes the memecoin to the top, increasing attention to it.
6. A strong community is the basis for growth.
We're talking about memecoins, and in order to grow, it's enough to have good support from people and a strong community.
Check out the project's on social media and you can also see if the token has a CTO
If the memecoin has a well-developed community, then the drops can be felt much less because they will be bought back and you will grow faster.
7. Do additional checks.
Don't forget to check if additional liquidity was burned at the beginning of the token launch, as this is also an indicator of potential.
Also, visit rugcheckxyz to see the general data that has been collected about the token and its analysis.
Now that you have checked all the information, you can try trading.
Remember that buying tokens on dips is a big risk and I am not giving you any financial advice.
Be cautious and I wish you good luck.
Donโt forget to follow me & like this post for more alpha content
