Talking about Solana meme coins that are currently making waves on dex screener and have a market cap below 4k. This approach has huge upside potential while the downside is pretty limited.
So why are they trending? Well, there are some holders who got in when the market cap was over 100k. When they see the token being active and gaining traction again, it stirs up some serious FOMO.
Entry strategy for low marketcap Solana meme coins
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That strategy barely works when we see very many rug pulls and honeypots every minute. In fact, scammer very well know that people are interested in trending tokens so they make sure that their tokens end up also end up in the trending section so they can trap some traders from buying their tokens with hope that they will pump
Now, accumulate all the trending tokens below a total MC of $4k. If you didn't know, it changes every so often. Then I have to buy one to five of them and hope SmartMoney notices that and pumps the MC a few times.
There are other screener platforms that even use figures over $10k as trending, and most of them rugged pull before you blink.
paul.ninjaFull Member
Posts: 152 · Reputation: 539
#4Oct 10, 2017, 04:04 AM
"Very limited downside" on a $4k MC Solana meme is a nice way of saying "there wasn't much left to steal".
Trending on dexscreener mostly tells you there's recent volume, not that there's any alignment between you and whoever controls the mint, LP, or social accounts. On these tiny caps the dev can withdraw the whole pool, mint another trillion tokens, or just stop tweeting and the thing is effectively worth zero. I've watched this exact movie since the 2017 ETH shitcoin days: by the time you see the chart and think "wow, great R/R," you're already exit liquidity for the earlier degen who thought the same thing three hours ago.
If you really insist on playing that game, treat it like gambling entertainment...
So tell me, how far have you gotten in shit coin? I think everyone has started to become aware and doesn't want to continue to be trapped in the meme coin game. This is no longer the 2021 era that can easily explode in an instant. If you can still save yourself then please be careful, meme coins have claimed many victims.
quantumsageFull Member
Posts: 118 · Reputation: 424
#6Oct 10, 2017, 11:53 AM
You will follow the influencer's strategy by saying buy low marketcap memecoins --- then it will increase you will get 10x profit or even more? Is that so?
How reliable is your strategy and how much profit do you get? Sorry to say this, because most memecoins are gambling, especially with low marketcap, it is clear that people lose more, especially following influencers' advice for fomo.
hodler_altMember
Posts: 46 · Reputation: 222
#7Oct 12, 2017, 11:19 AM
Your strategy seems to be frightening to me, if I may ask please, have you been successful buying all this shitcoins, from my experience I have tried to buy this shitcoin and meme coins i havent been successful instead I have lost a reasonable amount of money, maybe you will have some ideas and details of how this things can possibly work out for me as well.
So I would never know the potential of Sol meme coins, but you might know the details and you will eventually be successful with your meme coins, but I know you will not listen to what I have to say, because I know you will be blinded by the interest of having a quick profit, and why dont you appreciate buying more trusted cryptocurrency so you dont get your hopes shattered.
Don't be deceived by those say of buy when the market cap is low because most of those coins are pump and dump and their price will continue to go down overtime. You will run at loss with this strategy, it doesn't apply to memecoins. I don't know if you are aware that these memecoins are gambling tools for both the dev and investors but alas, the dev always win just like the casino always win.
I dont use Dexscreener as much now, though I used to rely on it frequently before. These days, I mostly use CoinMarketCap (CMC) and CoinGecko to find potential coins, to be honest.
The DEX platform is relatively high-risk when searching for potential crypto assets.
However, if youre earning profits through that method, feel free to continue because at the end of the day, whether its CMC or Dexscreener, both platforms carry risks. As crypto investors,
we all have to navigate these risks as part of the process.
Yes, it's a trend and many have profited from it. But it doesn't mean that it's going to be for everyone's concern and profitability. You might be the one who's catching the falling knives there upon doing so and following where the crowd goes. It means that you'll be stuck in the middle left with nothing due to the hype that you're following and because others are doing it. In most trends in the crypto market, many are likely losing more than profiting from such actions. I know that because I once been hyped and lost significant money and the fool I am sold Bitcoins for it.
wolf_blockFull Member
Posts: 125 · Reputation: 586
#11Oct 12, 2017, 08:02 PM
This sounds rather like gambling instead of a solid strategy to grow one's money, in my opinion. Actually your plan is so basic that it could be easily be figured out by anyone with a minimum of attention to Blockchain explorers for the Solana network.
If you want to gamble with memecoins (shitcoins) which have no use case and are just used to being fomo and speculation, you would be better depositing your money on some casino and try your luck on it. You have more chances to win money playing blackjack than trying to guess which coin will pump, and trying to guess the best time to sell your position.
vault_2009Full Member
Posts: 198 · Reputation: 739
#12Oct 12, 2017, 10:10 PM
A project that used to be 100k+ and now have under 4k marketcap, and you think that will do fine? That is the worst suggestion I have heard in a long time, I get that you want to make money on whale movements and in a 4k marketcap even a few hundred dollars is a whale, so you think it could do fine, but if something is under 4k then it is guaranteed that we are talking about something that is getting quite bad.
It's clear that it's going to be something that will take a long time and won't really do that much for anyone, it will stay semi-dead. Why risk yourself with something that is as low as 4k? I do not even invest into things that have 4 million dollars in marketcap, because they are easy to be manipulated in price anytime a whale wants to.
this whole idea of entring into sol memecoins when the marketcap is on a low level surely have both side to it!! of cause it is very tempting especially on how huge it can flip when that FOMO kicks in but at the same time it can be risky too!!! because a lot of them end up fading off the market very quickly, the liquidity will just varnish into thin air, the best thing is to just see it something to specualate and try to use money that you can afford to lose! so you don't end up giving yourself unnecessary sleepless night and also try to see how engaging the atctivities of the community tied to the coin is & keep track of the volume as well and also take out profit as early as possible once the coin pumps in a reasonable manner.
SilentGuruSenior Member
Posts: 432 · Reputation: 1445
#14Oct 13, 2017, 06:00 AM
Market cap under 4k and trending. It just feels odd. How a coin with market cap of under 4k can get trending?
Anyway buying meme coin with ultra low market cap means you're ready to get dumped by the dev until there is no liquidity left meaning you lost your money forever.
vault_2009Full Member
Posts: 198 · Reputation: 739
#15Oct 13, 2017, 02:16 PM
It will not. People who think this strategy works (probably just OP) saw one of those coins getting like a few hundred dollars buyer, skyrocket, and think that the same could happen to all of them. It won't, nothing like that would happen to everything, it is rare and most of the time they just crash and be zero.
A marketcap of 4k means that even the creators are gone, investors are gone, buyers are gone, there is nobody in that project left, it's a ghost town and you are the only one looking at it, even the holders just wrote that off as a loss. If you gave me a coin today, even a dead one, even I could make it have a higher than 4k market cap, so if it's under that, then we are talking about it's a terrible idea.
If you enter a meme coin on Solana, you will likely lose a lot of money due to low trading volume. Therefore, most investors enter early, buying at the bottom. This is why they use FOMO on social media to attract more buyers. Once several people have bought the meme coin, the entry at the top will yield significant profits. Some investors leverage meme trading in the DEX market to profit.
SwiftRavenFull Member
Posts: 43 · Reputation: 321
#17Oct 14, 2017, 12:59 AM
Some meme coin traders have share these strategies through an their social media and they says the method have successfully to earn profit and it's makes me tempting to following their method but unfortunately the coins which i buy were rugged so, this makes me thinking that they were lie especially the profit were they share is fake i think this proven meme coin full of scammers and do not ever to entering this market if don't want to losing your money and i have been discuss about this before that to became an succesfull meme coin trader you have two choice that became an the insiders or the devs
Do this if you don't like your money .
The reason a trending memecoin went from sub 1 million dollar to literal 2k is because everybody agreed that the game is finished and there's no juice left to squeeze and the people holding the token still will become the loser.
The first part is correct but not the second part.
This trading strategy is a very risky one because you are basically dealing with completely useless tokens without any real potential that can only go up if they get pumped. That is both risky and unpredictable and there is the dumping part which is inevitable.
But because these shitcoins are small and can be pumped, the profit can be good. Just don't be fooled by the high profit thinking the risks or the downside is limited.
bl0ck_c0inMember
Posts: 29 · Reputation: 207
#20Oct 14, 2017, 09:41 AM
I must admit that there are quite a few new meme tokens on the Sol network that sometimes provide huge profits for people who buy them at the right time and sell them at the right time.
However, I personally prefer trading meme tokens on the BNB network at the moment. It is also quite busy with trading volumes that are just as high. But it is not as hyped as the SOL network. At least the trends are easier to read.
CZ's posts can sometimes serve as a good indicator for meme tokens on the BNB network. And the trends often last longer, with some even breaking into CEX Tier 1 quickly. I remember buying some new meme tokens that were listed on Binance just a few days later. I can't recall the names of the tokens, but that's what makes me prefer trading meme tokens on the BNB network.
The SOL network sometimes has more tokens that are rug pulls. So we have to be more careful.
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