Dude, it's a memecoin, there's no way to identify a good or bad position.
Translate the "meme" and you will understand.
If you want to choose an alt then don't go with a joke. It's best to invest in something that has a project to back them up and not something created out of thin air that will possibly break once a group of whales tries to manipulate it.
Although, if you are so sure you want to buy memecoins then you better get yourself ready for sleepless nights because you will be monitoring them 24/7 just to be sure you won't get rekt.
That's the hard part about this type of coins, you cannot just leave them without proper care. They must be checked all the time.
Topic: How can I understand meme coin good or bad position? - page 8. (Read 1072 times)
You can't, that's the thing. Being a meme coin is what it is, a meme, but if there is a lot of support for what you could have, you could maybe do something about it by supporting it publicly and letting other people know about it. You can never predict it if it's in a good or bad position, only as it happens. You can read the charts but it would be really unpredictable.
[....]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.
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?
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