Wanna know what I learned?
Most memecoins on Dexscreener are SCAMS.
Here’s how to spot SCAM vs GEM before they 100x 🧵👇
Thanks to memecoins, you have the potential to become incredibly successful and wealthy.
They’re released literally every hour, but there’s a nuance...
99% of all memecoins are scams!
That’s why traders who think they can get rich without thinking are deeply mistaken.
You need to equip yourself with time, the right strategy, and the ability to analyze.
1. First of all, you need a tool for searching, analyzing, and trading.
There are plenty of them out there, but trust the proven ones
They are up-to-date, reliable, and, just as importantly, they have minimal fees.
2. As I mentioned earlier, tokens are released constantly, but only 1% are worth your attention, so you need to filter out the rest.
To do this, set up filters, here are the ones I use:
> With at least 1 social: Turn on
> Dev holdings: Max 5%
> Holders: Min 150
> Market Cap: Min $100,000
3. Next, analyze the token and make sure it’s safe.
It’s important to check bundles, for which you can use TrenchRadar
Platforms like these quickly and accurately provide current information about the token.
4. One of the most important is social media.
That’s where you can verify that the token is truly safe for you.
Go to the token's Twitter and Telegram channels and check the activity, paying special attention to the comments.
5. It’s crucial to consider the dev's experience and history.
Check which tokens they’ve released before and what happened to them.
For example, if the dev has launched 15-20 tokens in the past, and they all seem suspicious, it’s better to avoid them.
6. Be cautious and avoid the bot invasion!
Many tokens use bots to create fake volume and fake holders.
Also, be careful with your savings.
Don’t invest more than 3-5% of your total deposit to avoid losing everything you have.
Approach trading wisely, and then luck will be on your side.
I hope you've found this thread helpful.
Follow me @Xremlin for more.