Topic: How can I understand meme coin good or bad position? - page 5. (Read 1072 times)
Simply put, if the value of their token continues to fall, you can understand that the project will be driven out of the market in no time. Moreover, a bad project committee tends to be too volatile where they don't follow up on development activities. Moreover, the risk of meme coin is high because their supply is very high so once the price of this token falls it does not rise again.
How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?
It's hard to trust meme tokens right now, because there are so many of them out there lately and they carry huge risks. If you want to invest a little in meme tokens, I advise you to use the money from your winnings in web3 quest https://zealy.io/c/fairspin/questboard. It is very easy to get some money there now, especially soon the contest will end on July 27th How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?
It's difficult. but generally if the demand is higher than the selling action I think it's a good sign when viewed from the daily transaction history data on the stock exchange if they are already listed, for example as you mentioned one on the MEXC exchange or others.
Most of meme project launched to scam People...
I believe there is truth in your words... I like some meme coins, as I said more than once, but only those that are accepted in some popular casinos. I don't bother with searching for new meme coins, most of them are just a scam, and there are no guarantees, but the ones that are listed in some casinos are holding pretty well... so kinda I have some trust in them enough to have fun with them and storing some on a side.
The short answer is no, you can't easily identify a coin with a few things. I wanna suggest reading the related forum threads to find out how to filter useless altcoins and avoid investing in such coins without future potential. That mentioned exchange is also not a good choice, so better try popular crypto exchanges if you hunt for gem altcoins, IMO. Gem altcoins can't be found easily, there are many ways to find out what is going on small exchanges in order to find gem altcoins.
Most of meme project launched to scam People. If they fail, then they'll work on another and repeat the Process Again. If a memecoin really come in market to make people rich or they have aim to help people, then why can launch themself with valid concept right? So it is clear, most of memecoin is bad. So what advise i Should give to you? Memecoin doesn’t have anything to judge. Success rate is depend on hype which is speculating matter. But if you see good community, good real volume, popular team member, then it may consider okey to risk investment
This is tricky since meme coin has no real indication to know if they are a good or bad like on how we judge a non-meme coin. Basically, on a non-meme coin we can head on their roadmap, whitepaper, tokenomics and the likes. For a meme coin maybe you will just need a pure luck to make a profit on them but it's important to invest early before everyone notice it and they are being talked about already.
MEXC is a good exchange but it's a shame if they keep on producing these junks which has no real contribution in the crypto space. They are just a pollution. They are like the others that I know whose what matters the most is money.
MEXC is a good exchange but it's a shame if they keep on producing these junks which has no real contribution in the crypto space. They are just a pollution. They are like the others that I know whose what matters the most is money.
Good position and not hard to guess. maybe it's a different story if meme coins that enter large exchanges like the top 5 on coinmarketcap, it's worth considering because it can have a good impact and the earliest investment in coin meme will be considered the luckiest if buying at the opening price
How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?
It is pretty simple and the only way to find them is to make research. But I suggest you is to follow the trend, those who get in hyped will give you money but if we think about an absolute assurance of ROI, sorry but nothing to find from them. Meme coins are still not the best option, they are just good at hype but as it was over, that was the time you can feel pressure and worries about what will happen next. Many people had the mistake of buying cheap meme coins and until now, they never see any improvements but keeping it low.
Those who are about to list the MEXC exchange or something else, I think, they have fulfilled the terms and conditions that must be met. Yes. It's not wrong if you enter then you invest. One thing to remember. If you enter, don't expect it first. Your investment will increase 1000% overnight. Impossible.
[....]I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?
MEXC isn't that reputable of an exchange so I personally wouldn't trust their judgement in adding these new meme coins or tokens. They are probably just interested with the trading fees or listing fees if there's any so they couldn't care less if it turns out to be a scam.How are you going to filter good from the rest? You can't really tell at the early stages. Most of these tokens will likely pump in the upcoming bitcoin halving but that doesn't necessarily mean they're good. I'd rather wait if they will still be active after the hype phase.
The question you are asking is just like a woman who is pregnant and at the period of one month old you started asking if she would give birth to a baby girl or boy. Knowing too well at that point it could be very hard to predict what the outcome would be.
Now chosing altcoin especially meme coins are too hard to choose but sometimes it depends on their community and how much they had raised during their token launch or presale sometimes it helps alot. But if a project weren't able to raise a good amount during their launch or sale may not do well although sometimes it varies sha.
Come on, don't look rude, maybe what he knows about meme coins he still doesn't fully understand. When talking about meme coins, Doge Coin is also one of the oldest meme coins; therefore, meme coins are very difficult to predict accurately, and I prefer to use money that isn't really used if you want to enter meme coins. You have to make sure you have the needs as you explained above because the community also gives trust to potential buyers. Now chosing altcoin especially meme coins are too hard to choose but sometimes it depends on their community and how much they had raised during their token launch or presale sometimes it helps alot. But if a project weren't able to raise a good amount during their launch or sale may not do well although sometimes it varies sha.
Actually meme coin is risky for all investors and if you can't measure good token by following exchange then you will lose. Also if a project has money then they can catch any exchange. Even then I would say before you buy meme coin you should look at their development activities like their solid committee level.
money isn't all in this case, I mean yes it could make even meme coin got listed but actually its the hype that revolve around the meme coin which gonna summon massive trading volume that gonna make meme coin get listed everywhere. 
The question you are asking is just like a woman who is pregnant and at the period of one month old you started asking if she would give birth to a baby girl or boy. Knowing too well at that point it could be very hard to predict what the outcome would be.
Now chosing altcoin especially meme coins are too hard to choose but sometimes it depends on their community and how much they had raised during their token launch or presale sometimes it helps alot. But if a project weren't able to raise a good amount during their launch or sale may not do well although sometimes it varies sha.
Now chosing altcoin especially meme coins are too hard to choose but sometimes it depends on their community and how much they had raised during their token launch or presale sometimes it helps alot. But if a project weren't able to raise a good amount during their launch or sale may not do well although sometimes it varies sha.
How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?
There is no need to find if meme coins are good or bad because generally, all of them are not good especially if we are looking for long-term investment. They capture attention and gain massive demand due to the hyped they've made but after that, we can't expect them to grow but rather see them dumping. In fact, a lot of meme coins already exist in the market and only a few of them become popular - Doge, Shiba, and Pepe while the rest are resting well. I don't think they are worth to invest. hero member
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How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad?
You'll never understand meme coin because it's a very high manipulated cryptocurrency in the market and it's the crypto used mostly by the whales to manipulate the market. Therefore, if you want your investment to yield something good invest in good utility crypto not pump and dump crypto.I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?
MEXC is another manipulated crypto exchange which is somehow not fair to their user and I will advise you to use better exchange instead.
Not a fan of meme coins don't think there are a good investment choice at all although many have made millions from them. Most memes coins are just hype most don't have any case use. You should make a very good research before investing in any meme coin and never invest what you cannot afford to lose.
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buying memes that are already listed on CEX, mostly after a pump. So when there is a pump on CEX, this becomes fake volume or is controlled by whales on the exchange. When I actively buy meme tokens, I avoid tokens that are already listed on cex, because I'm waiting for correction moment,when it come, I will start accumulating. not much $1-10. For meme tokens that don't have any live service, I'll cut when it's minus 30%. for purchases, in case it was less than $3 I let whether it will be a jackpot or dead.
Yeah, you are right; most of those pumps on CEX are sometimes controlled by big investors, although the project owners still manipulate the price by themselves too. Buying memes should be done mostly before they're listed on any CEX like you said, but it's good that you should be aware that meme coins that are not yet listed on any CEX may not also get listed, and your fund will just be a total waste. When I was mostly into Altcoins, I can't forget one meme coin that my friend convinced me to purchase, although it was not yet listed. They released their listing news already, but after purchasing the coin and waiting for the listing date, before it got to that day, the project's telegram group was deleted, and there was no other news from them on any of their social media accounts.
Memecoins rely solely on speculation to remain on top positions in the market. With the exception of DOGE, every other memecoins have equal chances of doing good or bad. DOGE is the exception because it is a classic cryptocurrency which already existed a long time before this memecoin trend started, however it's also not a guarantee it will get more relevance in crypto market futurely. There is also the possibility it has already reached its roof.
To be honest with you, I try as much as I can not to look at Dogecoin as a memecoin. The dev may have created it as fun coin but it has utility. Payment with Doge is as fast as the speed of light. It's the fastest coin I've used for payment. Bitcoin isn't anywhere miles close to it. That's even besides Dogecoin's use in most casinos for gambling. When we talk of memecoins/tokens, we should be looking at worthless coins that merely thrive on hype and nothing else. Those ones are complete shitcoins.
Actually meme coin is risky for all investors and if you can't measure good token by following exchange then you will lose. Also if a project has money then they can catch any exchange. Even then I would say before you buy meme coin you should look at their development activities like their solid committee level.
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