For the longest time as someone who always values fundamentals, I stayed away from the Memecoins also because the fees on Ethereum were just too high. Recently I kind of flipped a switch now willing to take some small gambles on them...
Meme Coins As the Modern Lottery
While I have never been a fan of Meme coins, the facts just show that they are systematically outperforming the market (at least some of them by a lot). In the end, it's all about more people buying than selling and with retain entering again who are unable to make considerable gains with Bitcoin, they are bound to create a money flow into altcoins. A Twitter post by Andrew Kang recently pretty much describes the Phenomena accurately...
Low Fees on Solana
Solana has been exploding with activity lately for the reason that Joe public (and many crypto natives) aren't willing to put up with the ridiculous Ethereum Fees. This creates a Blockchain where it's easy and extremely cheap to swap in and out of different coins. This makes it perfect for those willing to gamble with lower amounts and the dex volume of Jupiter (jup.ag) is close now to Uniswap.
Meme Coin Basics
Pretty much everyone can create a meme coin and tons are being added each day. The only thing that needs to be done is to put them up along with some SOL in a liquidity pool so they can be traded. At the start the price is very low and the game of 'last to hold the bag' starts there. Buying right at the start gives potential for crazy gains but also contains the most risk and nearly all eventually go to zero. Having a good twitter page, website, telegram and overall promotion for the coin are key factor along with it being just really funny so people are willing to gamble on in an hold which makes the price go up more.
on dexscreener.com, all the pairs and charts can be found along with all the data. Some also get added to coinmaretcap/coingeicko or even get exchange listings.
The Ones I'm buying...
I'm still very new to this meme coin game and I'm sure that I will make plenty of mistakes along the way. The 2 coins that really had me on the floor are Jeo Boden and Doland Tremp which I would not be surprised will do well during the election season.
TREMP is just over 2 weeks old since it was created, it has a 47M market cap and already is getting listed on exchanges like MEXC
BODEN is just 12 days old and seems to be winning the race at a 127M Market Cap.
Most coins however will look like something like this with an initial pump which doesn't take much money and a quick dump followed by a flat dead line all within 24h. This shows that they are extremely risky as only a few really will eventually go somewhere.
Play2Earn Games that I am Playing...
