Thread by @DamiDefi

$PEPE , $AIDOGE & $FARB all did more than 10,000X

I spent the entire week working on this complete strategy to help you find #1000x meme coins early.

(Plus tools to avoid getting rugged) 🧵

What we’ll be covering today:

1️⃣ Meme coin investing in a nutshell
2️⃣ How to spot and evaluate solid meme coins
3️⃣ The most effective way of buying meme coins
4️⃣ When to take profits and how to do it
5️⃣ Tools to avoid getting rugged

1️⃣ Meme coin investing in a nutshell

Investing in meme coins comes with its ups and downs, even for the most seasoned investors.

However, one can minimize the risks and maximize the rewards by seeking out and applying the right information.

There are thousands of meme coins to select from, and most of them are scams.

The truth is that there are diamonds among stones; you just have to know where and how to look.

In this thread I’ll show you how to spot potential 1000× meme coins early.

2️⃣ How to spot and evaluate solid meme coins (5)

1. How active is the community of twitter, discord and telegram?



Also search the coin on @CoinMarketCap to view how many people have added it to their Wishlist, that is also a good sign of a strong community.

2. Does the token have real meme potential?



- Is it something many will find funny and relate to?



Most good meme coins have very strong communities, $PEPE for example. Everyone on CT relates to $PEPE.

3. What is the initial token distribution?

One of the early signs of a crypto rugpull is when the dev team allocates a big chunk of the tokens to themselves.

Or they can give up 50% of the token to a crypto celebrity.

This is a red flag because they can dump

4. Who owns the liquidity pool?

An early rugpull gimmick is when devs of a token put it in a dex and ensure they own the entire liquidity pool.

This gives them the power to remove the entire liquidity pool anytime they wish, with all BNB and ETH tokens inside it.

Always check for the top liquidity providers for new projects.

For security purposes, most of the liquidity pool should be held by the burn address.

5. To see how well certain memes are performing, have a look at the top gainers section on a website like @DEXToolsApp and @tokenterminal .

Only invest in memes that are growing in popularity.

3️⃣ The most effective way of buying meme coins (5)

1. Only use money that you can afford to loose

2. Use some TA to get an entry point (its all a gamble I know), or wait for a price correction.

Last thing you want to do is to be buying memes at the top.

3. You can also DCA into a meme coin, and take profit as it rides to the top.

4. If you decide to APE in because of fomo, then use a fraction of your intended meme allocation.

5. It’s also advisable to have a separate wallet for memes so you’re thinking rationally.

4️⃣ When to take profits and how to do it

Taking profit is the most important in crypto. I’ve personally been up more than 5X on real projects and didn’t take profit and regretted it later.

1. Have a clear and precise exit price, it could be 2-5X from your entry.

2. You can also sell a fraction of your holdings at 2-5X and let the rest ride to see what happens.

3. ⚠️ You don’t want to be 3-5X up and still holding 100%, meme coins can go to 0 at any time.

5️⃣ Tools to avoid getting rugged

@Token_Sniffer & @bubblemaps are incredible tools that you can use to view insights on a project’s Tokenomics, wallets etc and avoid getting rugged.

Join our Tg fam for latest airdrops, my trades & my portfolio, futures opportunities and industry news.

t.me/DamiDefiinsider

I hope this brought value to you. If you gained from it please :

Like, RT & follow for more 🙏🏽

https://twitter.com/552936387/status/1654803002077708292