A Brief Guide to Meme Coin Picking: Keep Names Short and Stay Away from the 'We Are More Than Meme” Narrative

Source: Web3Quant X Account

The following are the key points I will pay attention to when investing in Meme:

1. #Meme Name

The best name should have 3-5 letters.

Easy to remember.

The pronunciation is not difficult to pronounce.

2. With Meme attributes

There is no practicality at all, no team commitment, only Good atmosphere.

Avoid tokens that claim to be “more than just a Meme”. If it wasn't 100% meme, it shouldn't even be here.

Meme should be a universal concept so that more people can easily participate.

Scalability. Ability to continuously add new Meme elements to attract new community members.

Be positive. Try to choose positive memes and avoid controversial content, which will make it easier to gain public support from celebrities and exchanges.

No expiration date. A great meme should not have time or price constraints.

3. Community

The core of Meme is community. Certain memes attract specific types of community members, and good memes tend to have healthy members.

You need to cultivate early participants so that they remain positive even when meme prices fall.

Holding distribution @HolderScan. The more dispersed the currency holdings, the better. This means that more people are working hard on their investments, and it also increases the risk resistance of the token.

4. Valuation

Divide memes into different valuation categories (1 million to 1 billion, US$100 million to US$1 billion, US$1 billion to US$10 billion), which helps to better plan the selling strategy.

Many small-cap memes may not achieve huge market cap jumps, and understanding this is critical to developing a short-term trading strategy.

For those memes with a market capitalization of over $1 billion, they typically have support from the broad cryptocurrency community.

Conclusion

In the world of cryptocurrency, Meme has become a currency that cannot be ignored due to its unique cultural charm and huge community support. the power of. Through careful analysis and selection, investors can find interesting and potentially lucrative opportunities in this emerging sector. Remember, everyone’s investment path is unique. We must choose Meme tokens that are consistent with our own values ​​and enjoy the fun of investing.

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