"Your friend knows next to nothing about cryptocurrencies, but he is already rich." "Why?" "They bought a token with a dog wearing a hat on it. The hat was always on, so the price Keep climbing." "Got it."

The community raised $650,000 to light it up, and the Memecoin is about to become mainstream in the Las Vegas sphere.

Memecoin is very popular right now

Historically, Memecoin has been one of the best performing assets. Let’s take a quick trip down memory lane and look at some of the brightest stars in the Memecoin galaxy:

Dogecoin (DOGE) – Musk’s favorite meme that rose to prominence on SNL is now Memecoin history, with a current market capitalization of $20 billion.

Shiba Inu (SHIB) - This is a beta meme that follows in the footsteps of DOGE. It is currently only one place behind DOGE and has a market capitalization of over $10 billion. At its peak, it even reached an astonishing US$40 billion, a return of 8,000 times compared with the beginning of 2021.

Pepe (PEPE) – PEPE reached a market capitalization of $1 billion within a month of its launch and currently holds a market capitalization of $3 billion.

Bonk (BONK) – Memecoin was one of the major catalysts in reviving the Solana ecosystem, with Bonk soaring from a market capitalization of $30 million to $1.5 billion in just over a month (a rapid 50x increase).

Dogwifhat (WIF) – Dogwifhat once made Wall Street’s charging bulls popular, and the popularity remains high. With a market capitalization of $2.25 billion, WIF is the leader among Solana Memecoins.

But let’s be honest, Memecoin is a gamble. There is no foolproof strategy for buying them - it's either "TO THE MOON" or you see everything you invested disappear. The jury is still out on whether Memecoin is good or bad. But one thing is for sure: Memecoin has become an integral part of the bull market. They are attracting people to the chain and promoting cross-chain activities.

Memecoin Evaluation Guide

The following points are guidelines for evaluating Memecoin. These tips can help readers set standards and define what kind of Memecoin is worth buying. Let’s take a closer look!

Build a trustworthy network

Don’t get your alpha from your favorite Twitter KOL.

Timing is everything in cryptocurrencies, especially Memecoin. The timing of your purchase may determine whether your final return is 5x or 100x. To buy early, you must understand the "Alpha Chain" and how information flows.

If readers get Memecoin information from a Twitter KOL with a large number of followers, it may already be too late. This may mean that early profit takers are ready to "get off the bus" and you have no choice but to become a "community member".

It’s impossible to follow the cryptocurrency market every second and be the first to seize every opportunity, so it’s important to form a team with friends you’ve made during bear markets – people you can trust of people who have similar interests to you.

Together with your team, you can cover more ground, pool insights, and validate each other’s hunches. If most people in your team think that a certain Memecoin looks promising, the probability of it going further out of the circle may be high, and then your probability of making the right decision will increase.

It's like having a group of friends who can help you discover the next big thing - if you all agree with the meme, you're more likely to subjectively think it has potential. But if you try to figure it out on your own, sometimes you might fall short.

Make the most of data tools

In order to make informed investment choices, you need the latest, most accurate information. Websites like Dexscreener and Blockchain Explorer are great tools for gathering necessary data.

For example, for Memecoin, token distribution is a key metric. It tells you whether Memecoin has real community support or is just a few insiders trying to make a quick buck by pumping and dumping it.

Here’s how to view Memecoin token distribution:

Discover Whales – Use a blockchain explorer to enter the contract address of your token. Click on the "Holders" section to see how tokens are distributed among holders. The best case scenario is that no single whale takes over the majority of the coins.

Healthy spread and growing token holders - Good token spread usually means a stable and large community. If you notice a group of different holders slowly but surely accumulating more tokens, it probably means they believe in the future of the token.

Fair launch – Focus on the initial distribution of tokens after launch. The initial distribution model needs to be fair and equitable, rather than disproportionately distributed to development teams or early investors.

Track how projects are run

For any cryptocurrency project, whether it's Memecoin or a project that caters to demand, having a solid image is key.

If you're optimistic about the potential of a meme, make sure they've already shown some traction in the field of operation.

This means a beautiful website, an eye-catching Twitter account and an active Telegram group chat are all indispensable. They are the backbone of communication, community, and brand—the very things that can make or break a project’s reputation.

The project website is the official billboard for the project. This is where Memecoin comes into its own. Telegram channels are community gathering places where you can see active community members and memes. And Twitter? That's a loudspeaker. It broadcasts Memecoin's story to the world. Memecoins that establish themselves on these platforms, combined with humor and community engagement, are more likely to attract market attention and achieve great success.

Know your limits at on-chain casinos

Remember the golden rule: only bet what you can afford to lose.

Memecoins are fun and can quickly TO THE MOON, but they are unpredictable and you can lose everything easily.

Memecoin's high volatility means the risk of loss is significant, so don't gamble with your savings, but maybe it's okay to gamble with your lunch money on some days.

Some investors use a barbell strategy, balancing ultra-safe bets (e.g. BTC, ETH, SOL) with the high risk of Memecoin. This way, you can enjoy the thrill of Memecoin while maintaining a solid financial foundation, unaffected by Memecoin fluctuations.

Also, think of Memecoin as an on-chain PvP battle - the fool's theory often prevails. Ask yourself, "Would anyone else be willing to buy this coin at a higher price than what I paid?" If you're not sure, it might be time to take profits and avoid regret later.

Are we in the Memecoin super flywheel phase? Who knows, but one thing is for sure: Memecoin is not going away. They are fun and have the best chance of interesting results. While we're in a bull market, enjoy the Memecoin playground, but don't take too many risks just to get rich overnight. Time is of the essence in the market, so make sure you don't ruin yourself with Memecoin or leverage.

Invest wisely, be patient, and we will all make it!