Value investment is all in vain, all in MEME and live in the palace. This is a slogan that has been circulating in the cryptocurrency circle for a long time. Now that the MEME season is here, we should talk about how to find the golden dog.
👉 The idea of this article is to summarize some common characteristics of successful MEME coins from a large amount of MEME coin data, and use the so-called median strategy to help everyone screen out the real "golden dogs" from the massive amount of MEME coins.
1️⃣ Narrative Theme
Popular meme coins, the themes are mainly concentrated in: animals, Internet "stalks", event names, food and fruits, etc., which are things that can easily resonate with people's emotions
1. Animal/Plant Theme
Animals account for the highest proportion. Ethereum and EVM-compatible chains prefer "dogs", while in Solana, "cats" seem to be more popular, as long as they are ugly enough, special enough, and interesting enough.
Occasionally, fruit and food may become a hot topic, such as the $BAN that became popular recently due to the actions of the vice president of Sotheby’s.
2. Internet memes
This section mainly focuses on real-time news hotspots, popular "memes" and other content.
For example, the previous election debate between Biden and Trump was so interesting that a large number of Biden coins and Trump coins were associated with it.
Previously, someone in the group used walkie-talkies to organize group members to get rich by investing in dogs, and the Lei Jun coins and walkie-talkie coins were linked.
The cryptocurrency circle often sees some hotly debated opinions on the Internet, which are quickly packaged into a meme concept and issued to make traffic hotspots quickly monetized.
3. Copy the disk
Another common phenomenon is copycat trading. After a token theme triggers a wealth effect, it will attract a large number of netizens who “miss out” on the fomo opportunity.
At this time, a lot of 2.0 coins and even 3.0 coins will be generated to end this wave of traffic harvesting. Often those who rush in early can still make money. 😆
2️⃣ Token Metrics
This is the key point! I remember a guy who got rich by using $SHIB said that looking for the golden dog is looking for the "median". At first glance, I thought he was showing off, but if you think about it carefully, it does make sense.
🤨So how do you find this median? What are the token indicators that can be filtered for median?
1. Prohibition of additional issuance (high weight)
Basically all successful memes prohibit the minting of additional tokens, which avoids the possibility of unlimited sell-offs. This is easy to understand.
2. Destroy LP (high weight)
This is the so-called losing the pool and losing permissions to prohibit issuers from withdrawing liquidity.
3. The total amount of coins held by the top ten addresses (high weight)
This indicator can reflect the holding ratio of top token holders. In successful memes, the median of this indicator is 20%, and the average is within 30%. A higher holding ratio will make the leeks anxious about dumping the market and dare not rush in.
4. Lifecycle (medium weight)
The lifespan of a MEME, that is, the period of active trading, is often very short, sometimes only a few hours. The lifespan of most memes is often only a few days, with an average of about 5 to 20 days.
If the active period of a token exceeds this time, or even longer, it would be a good indicator, and the probability of becoming a Golden Dog may be greatly increased!
5. Number of social platforms (low weight)
Good meme projects know how to market themselves, and their social accounts often publish content on multiple platforms, such as their own websites, Twitter, Telegram, and Discord.
This also indirectly reflects the sincerity, investment cost and marketing level of the project party.
Among all the successful Golden Dog memes, accounts on three platforms account for 70%. If there is no Telegram community or Twitter, the Golden Dog value will be greatly deducted!
💡 Conclusion
WEB3 cannot live without MEME coins, just like the West cannot live without Jerusalem😄
Although MEME coins have no value, their wealth-creating effect has always existed. It is foreseeable that as long as the currency circle exists and the MEME theme exists for a long time, everyone will always have the opportunity to make a fortune.
MEME is permanent, but value coins are ever-changing. I hope this article can help everyone find their own golden dog and become rich and free soon🤟
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