How to identify high-potential meme coins?
These 20 questions can help you identify high potential meme coins.
1. Does the meme coin have a strong community, social backing, or positive social media sentiment?
2. Go beyond looking for mentions or checking accounts exist. Does the meme coin have genuine followers and fans?
3. Are likes genuine, or does the coin’s interaction look like it’s from bots?
4. Is the community waiting excitedly to get their hands on these memes?
5. Are crypto influencers talking about this coin, and do you trust them?
6. Is the team behind the meme coin credible?
7. Can you quickly find the project team on the meme coin website?
8. Have they launched other projects?
9. What’s their background on their LinkedIn profiles?
10. Both Google and LinkedIn are great resources for checking out meme coin developers and project backers. Also, look for quality project roadmaps and detailed whitepapers.
11. What are the meme coin tokenomics or smart contract audit results?
12. There’s a lot to consider here, so make sure you understand how crypto coins are created, launched, and governed. Will tokens be burned in the future?
13. How many meme coins are allocated to the community for decentralized governance or liquidity?
14. Or do too many coins seem to be allocated to the project team?
15. Does the project have a smart contract audit, and what’s the rating?
16. Does the meme coin have utility, or is it unique?
17. Crypto coins or memes that have utility beyond being an asset can show higher potential.
18. Is the meme highly collectible? Scarce?
19. Is the meme coin stakable to earn yields?
20. Is it part of a game or a series?