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Bull market starter: MEME creates wealth, how to choose coins in the crazy MEME season?

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In the early morning of November 14, Bitcoin successfully pushed the historical high point to above $93,000, and the $100,000 milestone is just around the corner. Even more crazy is that the crypto industry has already determined to enter the MEME frenzy season. New MEME coins with ten times, hundreds of times returns are emerging almost every day.

November 15 MEME coin of the day:

  • SHOGGOTH

The current price of Shoggoth (SHOGGOTH) is US$0.1285, with a 24-hour trading volume of US$48,068,634. This indicates that the price has risen by 73.54% in the past 24 hours, and by 840.65% in the past 7 days. The circulating supply is 1,000.00 million SHOGGOTH, and Shoggoth's market cap is US$129,402,735.

  • BULL

The current price of Tron Bull (BULL) is US$0.08226, with a 24-hour trading volume of US$8,691,598. This indicates that the price has risen by 38.23% in the past 24 hours, and by 13.66% in the past 7 days. The circulating supply is 1.00 billion BULL, and Tron Bull's market cap is US$82,155,375.

  • DEGEN

The current price of Degen (Base) (DEGEN) is US$0.02519, with a 24-hour trading volume of US$329,604,104. This indicates that the price has risen by 42.73% in the past 24 hours, and by 214.32% in the past 7 days. The circulating supply is 17.15 billion DEGEN, and Degen (Base)'s market cap is US$431,798,524.

  • MOODENG

The current price of Moo Deng (MOODENG) is US$0.4906, with a 24-hour trading volume of US$242,069,168. This indicates that the price has decreased by -0.17% in the past 24 hours, and increased by 70.65% in the past 7 days. The circulating supply is 989.97 million MOODENG, and Moo Deng's market cap is US$483,367,736.

  • HT

The current price of Huobi Token (HT) is US$0.5519, with a 24-hour trading volume of US$812,936. This indicates that the price has decreased by -1.34% in the past 24 hours, and increased by 2.23% in the past 7 days. The circulating supply is 159.41 million HT, and Huobi Token's market cap is US$87,975,146.

So with so many MEME coins, how to choose:

Project narrative: Whether the narrative is grand enough, whether the gimmick is sufficient, whether there is a celebrity effect (such as Musk), or whether it is related to the current hot events, a high-quality narrative can bring sustained heat to the project,

Community atmosphere: Whether the community is active enough, whether the community members are bots, whether they spontaneously create meme pictures and emoticons and spread them on social media, MEME is completely driven by the community, and only when the community members constantly spread it spontaneously can it bring new blood and liquidity

Coin distribution: Whether the coin distribution is dispersed, whether the number of coin holders is large enough, the reason why MEME coins are so popular is that retail investors are tired of being harvested by VCs and project parties, and they pursue equality, so only when the coins are distributed enough can the fairness be reflected, and the retail investors will be willing to take the bag

In addition, the project's launch mechanism, trading volume, and whether there are KOLs in the crypto circle to shill are also very critical, the shill of KOLs can also increase the heat of the project and bring in new people.

Creating a high-quality circle, the main focus is to explain various basic industry knowledge in the crypto circle, the rotation of hot sections, as well as the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of knowledge. If you are interested, you can find me, alpha6588 (add and chat in the group)

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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