Are you interested in meme coin trading? Did you buy any meme coins? This tutorial is designed to provide essential information for novice crypto traders who are very eager to participate in meme coin trading.
Step 1: Project Development team
Whether a meme coin is successful or not, every crypto meme project requires a solid team. If you are interested in any new meme coin, your first step is to verify how organized they are. It is also possible that the crypto project only has one person. But for your profitability, if the project team is well organized and is more focused on decentralization, the chances of project success are much higher. However, other factors contribute to the project’s success, which we will discuss later on in this tutorial.
The organized team always has the budget to perform marketing and continuous development. In the crypto world, there are many projects that have a well-organized and qualified team who also perform daily trading activities. This type of team member always focuses on the token utility functions. They have developed good relationships with market makers and quickly list on the legit exchanges.
A decentralized team usually starts with a small market cap but often from enthusiastic communities early on. Because they have very little labor cost, they therefore perform more valuable tasks for their crypto projects.
Step 1: Sniper
The snipers are project killers. Every new crypto project owner is always afraid of them. Neither do they have any feelings for a crypto project, nor do they want it to be successful. What they want to do is just get in first, find enough liquidity, and if it is possible, immediately exit from the project. Whenever a new crypto project is launched, many sniper wallets immediately buy these tokens. When the token goes live, they immediately sell it after a few hours, making a six-figure profit. The reason is that 80% of new crypto projects do not have more than a $5 million market cap, and it is very attractive for snipers to make a quick profit. Now you will understand the term “CTO” (community takeover), which means the development team sells their tokens immediately to protect against sniper attacks.
Step 3: Whales
It is a fact in the crypto world that if one project wants to reach a $1 billion market cap, it must interact with whales at some point. In fact, meme coin project owners always form a community early on, but this only helps them to reach a 1 million market cap. Project owners at this time struggled for $100 million because, at this stage, only the whales had the power to supply enough liquidity to build large positions. It also suggests from experts that if you are participating in a crypto meme project and you are seeing success, try to hold and do not sell. Once you become the whale of your crypto project, you will have maximum profits, and you are critical for the project’s long-term success.
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