Here's How Investors Discover Meme Cryptocurrencies That Make Millions

Meme coins are an essential part of the crypto world and this is a fact that big names like Mike Novogratz recognize.

His company is a major player with a market capitalization of $54 billion. Novogratz is a well-known supporter of the cryptocurrency meme. He stated:

"Meme tokens – whether you are fans of them or not – have become an important segment in the crypto economy.. In today's market, they are one of the most powerful players”.

The Atlas Crypto Analyzer share on social media platform X (Twitter):

"With a basic knowledge of trading and market analysis, you can become a millionaire with a minimum deposit of a few dollars. Please allocate your time efficiently”.

Atlas offers several initial strategies that newcomers can use judiciously from the start. First of all, it is recommended to monitor the social media presence of a project, such as X, as there one can notice the initial sentiments being expressed. A lack of an X profile is usually a sign of unreliability.

Atlas also suggests using tools such as DEX Screener and DEX Tools to examine the distribution of token holders. No matter how the tokens are provided, the impact of the creator is unnecessary. For example, if tokens are highly concentrated in the hands of creators, a crash may occur. This analysis is important to identify the threat of fraud.

Discusses and the "sniping" tactic, which is carried out by buying tokens when they are newly introduced to the market, in order to realize large profits.

Atlas pointed out that they rely on being careful, saying that there is no chance you can always win in crypto trading. They suggest that traders leave emerging projects to investors and choose the most well-known companies for their investments. The entire meme coin sector depends on the cryptocurrency's financial outlook, especially since we saw that the movements of Bitcoin have the biggest effect on the crypto market.

As for the new tokens on the exchange, another crypto trader, KingWilliam, proposes to be checked in DEXScreener and to learn from successful traders. Technology solutions such as AlphaTrace Analytic, machine learning and AI-based platforms can help identify successful strategies.

In the meme token market, there are always threats of fraud that cannot be eliminated. Software like RugCheck can validate a project whose funds may be “Rug Pull” - a scam in which the developers cover themselves with the investors' funds.