How to find memecoins that will rise like ACT and GOAT

Bittime - Investing in memecoins, such as $PEPE, $BOB, or $SHIBA INU, has caught the attention of many investors due to the potential for very rapid price spikes. For example, $PEPE recorded a fantastic increase of up to 375,000 times in just 21 days. 

However, although memecoins offer huge profit opportunities, the risks involved are also quite high. Therefore, finding memecoins that have the potential to skyrocket before they become popular is the key to maximizing profits with more controlled risks.

Why Are Memecoins Attractive to Investors?

One of the main attractions of memecoins is the potential for very rapid price increases. If an investor buys the right coin at the right time, they can make huge profits in a short time. 

This is an advantage compared to traditional crypto investments, which usually take years to produce optimal returns. However, the highly dependent nature of memecoins on social media trends and virality means that their prices tend to be very volatile and difficult to predict.

Also read: 3 Memecoins on the TRON Network to Watch Out For

Steps to Find Potential Memecoins

To find memecoins that have the potential to rise, research is something that should not be ignored. One of the first steps you can take is to monitor the performance of memecoins through analysis platforms such as DEXTools or CoinGecko, which provide information about which coins are on the rise. Memecoins that have large trading volumes and attract the attention of many people on social media usually have the opportunity to continue growing.

An active community is also an important factor. Successful memecoins are usually driven by solid and enthusiastic community support. Through platforms such as Twitter, Telegram, or Discord, investors can observe conversations and trends regarding a particular memecoin. Apps like LunarCrush can help track social sentiment and see if the coin is getting positive attention from the community.

Additionally, it is important to investigate who is behind the project. Memecoins managed by credible and transparent development teams are more likely to have a stronger foundation. Research on the development team and token distribution mechanisms (tokenomics) will provide a clearer picture of the project's potential and risks.

Using Tools to Improve Research

To deepen research, investors can utilize Etherscan to track initial transactions on potential memecoins. By knowing who bought a memecoin first, they can get clues about the coin's likely success. Other tools such as DeBank make it possible to track the wallet activity of large investors or “smart money” who often manage to pick projects with great potential.

Strategy for Managing Risk in Memecoin Investment

Due to the high risk in investing in memecoins, it is important for investors to have a well-thought-out strategy. Portfolio diversification is the first step that needs to be taken so as not to depend on one type of memecoin. Additionally, the dollar-cost averaging (DCA) method can be used to purchase coins in stages, reducing the impact of sharp price fluctuations.

It is also important to set a target for when profits will be taken. For example, after a coin doubles, investors can sell some to secure profits, while remaining invested for potential further upside.

Conclusion

Finding memecoins that have the potential to skyrocket is not easy, but with the right research and a mature strategy, the opportunity to make big profits still exists. Investors can increase their chances by monitoring social media trends, using the right analytical tools, and always being careful in making investment decisions. 

As with any investment, it is important to only invest amounts you can afford to risk and have a clear exit strategy to protect the invested capital.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.