How can I understand meme coin good or bad position?

[iv4n]

Most of meme project launched to scam People...

I believe there is truth in your words... I like some meme coins, as I said more than once, but only those that are accepted in some popular casinos. I don't bother with searching for new meme coins, most of them are just a scam, and there are no guarantees, but the ones that are listed in some casinos are holding pretty well... so kinda I have some trust in them enough to have fun with them and storing some on a side.

[Gadei Blang Gapu]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

It's difficult. but generally if the demand is higher than the selling action I think it's a good sign when viewed from the daily transaction history data on the stock exchange if they are already listed, for example as you mentioned one on the MEXC exchange or others.

[VFalcon]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

It's hard to trust meme tokens right now, because there are so many of them out there lately and they carry huge risks. If you want to invest a little in meme tokens, I advise you to use the money from your winnings in web3 quest https://zealy.io/c/fairspin/questboard. It is very easy to get some money there now, especially soon the contest will end on July 27th

[Tomcolor]

Simply put, if the value of their token continues to fall, you can understand that the project will be driven out of the market in no time. Moreover, a bad project committee tends to be too volatile where they don't follow up on development activities. Moreover, the risk of meme coin is high because their supply is very high so once the price of this token falls it does not rise again.

[Xal0lex]

That mentioned exchange is also not a good choice, so better try popular crypto exchanges if you hunt for gem altcoins, IMO.

As a rule, gems should be searched for not on popular crypto exchanges. If you see some coin there, it means that your time is gone and the coin has already grown without your participation. Gems should not be found on popular crypto exchanges, but on decentralized exchanges, various launchpads or in various communities, which notify about various activities and for which you can get new tokens. That's where the real gems are. Once an altcoin becomes popular and highly liquid, you won't make much money on it.

[wheelz1200]

There is zero way to understand if it's in a good buy/sell position.  People who talk about technical analysis and meme coins doesn't understand the underlying fact that meem coins are not driven by technicals, just pure greed.  When people drop off a meme coin it's over there are no lines of support because it's all trash.  Same on the upside nothing will dictate a pump it's just people and their greed that devise these things.  So the simple solution is to just steer clear.

[wxa7115]

The short answer is no, you can't easily identify a coin with a few things. I wanna suggest reading the related forum threads to find out how to filter useless altcoins and avoid investing in such coins without future potential. That mentioned exchange is also not a good choice, so better try popular crypto exchanges if you hunt for gem altcoins, IMO.

The funny thing is that once you learn a little bit about this market and then you begin to implement that knowledge then suddenly you will realize all meme coins get discarded as potential investments relatively quickly.

Now this may confuse people like the OP which is specifically looking for meme coins to invest, but in fact this should show them how mistaken their previous views were, and how if they had remained that ignorant sooner or later a catastrophic loss of capital would have happened to them.

[krava22]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

It's hard to trust meme tokens right now, because there are so many of them out there lately and they carry huge risks. If you want to invest a little in meme tokens, I advise you to use the money from your winnings in web3 quest https://zealy.io/c/fairspin/questboard. It is very easy to get some money there now, especially soon the contest will end on July 27th

and it is true that if you give it a little time, you can get a small amount of money to invest

[samcrypto]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

TA can be a big help especially on a meme token since they don't have much fundamentals and they are moving because of pump and dump of the whales. If you are going to trade, know everything especially the indicators and the best combination of it this is a wild market and you're choosing the most volatile crypto which are the meme tokens. All of the meme token are at risk of a pump and dump scenario, its hard to choose if you are just riding the hype.

[gurunanakji777]

I believe there is no way to find out whether a meme coin is good or bad. If Binance were adding MEME coins daily, we could have said that you can buy them and take the risk. However, MEXC is not a top-tier exchange, so I don't trust the frequent launch of new meme coins. If you are very lucky, you might make some profits, but most of them won't rise significantly, and after some minor movements, they may become stagnant. Once a MEME coin experiences a pump, don't expect it to pump again; greed might lead to losses as the chances of that happening are high. Overall, I would advise not to rely on any guarantee regarding meme coins, as they may pump beyond imagination but also involve a substantial risk when holding them.

[ethereumhunter]

I believe there is no way to find out whether a meme coin is good or bad. If Binance were adding MEME coins daily, we could have said that you can buy them and take the risk. However, MEXC is not a top-tier exchange, so I don't trust the frequent launch of new meme coins. If you are very lucky, you might make some profits, but most of them won't rise significantly, and after some minor movements, they may become stagnant. Once a MEME coin experiences a pump, don't expect it to pump again; greed might lead to losses as the chances of that happening are high. Overall, I would advise not to rely on any guarantee regarding meme coins, as they may pump beyond imagination but also involve a substantial risk when holding them.

Meme coins allow to make money but only few people. Most people lose money on meme coins because they are so much unstable. But there are meme coins that allow to make money such as dogecoin. If to invest money in dogecoins for long tirm investment it allows to earn money on meme coins.

Meme coins can make you a lot of money, but it is hard to find which ones will profit you. Out of the many meme coins launched by the exchange, only a few can reach a temporary peak price and after that, the price of the meme coins will decrease drastically. So meme coins are only used for temporary gains but can provide big profits. It depends on how you can find the right meme coins, so it will take longer to get them.

[Kelvinid]

The short answer is no, you can't easily identify a coin with a few things. I wanna suggest reading the related forum threads to find out how to filter useless altcoins and avoid investing in such coins without future potential. That mentioned exchange is also not a good choice, so better try popular crypto exchanges if you hunt for gem altcoins, IMO.

Because our first impression is seeing them is not a scam due to their promising offers and rewards, But the reality is that the majority of them are worthless and made to scam innocent individuals. Meme coins recently got their popularity due to the hyped that they have made but the question is how long they could resist and keep the momentum because most of the time it has just stayed a short time and then a decline started to kick in.
Generally, you're right, it was not a good coin to invest long-term but it possibly works in the short-term.
 

[wxa7115]

The short answer is no, you can't easily identify a coin with a few things. I wanna suggest reading the related forum threads to find out how to filter useless altcoins and avoid investing in such coins without future potential. That mentioned exchange is also not a good choice, so better try popular crypto exchanges if you hunt for gem altcoins, IMO.

Because our first impression is seeing them is not a scam due to their promising offers and rewards, But the reality is that the majority of them are worthless and made to scam innocent individuals. Meme coins recently got their popularity due to the hyped that they have made but the question is how long they could resist and keep the momentum because most of the time it has just stayed a short time and then a decline started to kick in.
Generally, you're right, it was not a good coin to invest long-term but it possibly works in the short-term.
 

And those promises should be in fact the very first sign there is something wrong with a project, when Satoshi released bitcoin he never made any promise about bitcoin becoming an amazing investment down the line, in fact he was very candid about the real possibility that any money invested in bitcoin could be lost.

And yet the developers of a project which is obviously many times inferior to bitcoin dare to claim their project will produce profits? That is not happening, and anyone with some common sense will be able to tell immediately that such a coin is a scam.

[QueenVera]

And those promises should be in fact the very first sign there is something wrong with a project, when Satoshi released bitcoin he never made any promise about bitcoin becoming an amazing investment down the line, in fact he was very candid about the real possibility that any money invested in bitcoin could be lost.
And yet the developers of a project which is obviously many times inferior to bitcoin dare to claim their project will produce profits? That is not happening, and anyone with some common sense will be able to tell immediately that such a coin is a scam.

Any memecoin that comes out with the claims that they'll make all their investors rich is a scam that wants to steal their investors money and exit scam. There's nothing wrong hyping your project because of the confidence you have in the project and because memecoins need hype to do very well but as you hype don't promise your inventors an assurance of making profits.
You can hype the project of doing well but don't be specific of how much they'll make as investors will begin to see your memecoin as scams. Before anybody invest in a memecoin, they should already know that they'd taking a big risk as the memecoin can do well or become a scam. If you don't want to risk losing your money then investing in Bitcoin as it's the only safe option.
But if you invest in altcoins be ready for anything that happens and then when you invest in memecoins be prepared for the worst because that's where the highest pumps and dumps schemes happens. But that doesn't mean you can't make profits from investing in memecoin, you can make profits but you have to be smart about it and not marry any memecoin you invest into.

[|MINER|]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

I don't think there is any way to understand or guess which meme coin will be on a good position on future. It is also difficult to say which good coins will go into bad positions in the meantime or futures.
The thing about meme coins is that the price goes up or down based on the complete hype i mean goes into a good position or into a bad position. To see meme coin you don't just follow MEXIS exchange you have to observe the whole thing based on the hype and it is very difficult to tell when a thing is currently hyped in the world.

[TastyChillySauce00]

Now many meme coins are only use to attract attention of the community and collect money for their developers. That is why many people who invested in meme coins lost their money and disapointed on meme coins.

Meme coin actually just a money grabber only but people who no brain used it as a way to make money by putting their money in the shit scam coin created by scammer. It was making scammer feel even more happy caused by they successfully attracting funds to come to their pool.

People are so stupid caused by they do gambling in shit scam coin that obviously has no future.

[romero121]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

there is no good meme coin, because investing in meme coin is like gambling, if you are lucky then you will get a lot of profit from investing in meme coin and if you are unlucky, then you will lose your money, therefore I suggest you not to invest all your money in meme coin and my advice to you if you want to invest in meme coin, "buy when there is hype and sell immediately if you have made a profit (never hold for the long term)".

These coins doesn't have any purpose. Some have been developed further and given more realtime usage. One such is the Shiba Inu which just existed and gained popularity. Soon after that the development and burning process have been followed to make the Shiba Inu valuable and got more real-time usage. Though these memecoins were some sort of gamble, these coins were also required in a competitive market.

[Yudhisthir]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

there is no good meme coin, because investing in meme coin is like gambling, if you are lucky then you will get a lot of profit from investing in meme coin and if you are unlucky, then you will lose your money, therefore I suggest you not to invest all your money in meme coin and my advice to you if you want to invest in meme coin, "buy when there is hype and sell immediately if you have made a profit (never hold for the long term)".

These coins doesn't have any purpose. Some have been developed further and given more realtime usage. One such is the Shiba Inu which just existed and gained popularity. Soon after that the development and burning process have been followed to make the Shiba Inu valuable and got more real-time usage. Though these memecoins were some sort of gamble, these coins were also required in a competitive market.

Yes memecoins has no dedicated use case but they are a hot trend on crypto at the moment. People love something new and unique, though some copy projects too have faired well like Shiba Inu. The basics comes down to the advertisement and size of the community. Both of which would bring more talks and potential buyers. For the meme coin to be successful, it should be able to engage the community around it for a long time. Though I missed PEPE, I'm already into Pepemo.

[wxa7115]

Yes memecoins has no dedicated use case but they are a hot trend on crypto at the moment. People love something new and unique, though some copy projects too have faired well like Shiba Inu. The basics comes down to the advertisement and size of the community. Both of which would bring more talks and potential buyers. For the meme coin to be successful, it should be able to engage the community around it for a long time. Though I missed PEPE, I'm already into Pepemo.

It is true that meme coins once in a while get the spotlight and that is when we see those coins giving huge profits, but this is so sudden and so unpredictable that no strategy can be made to take advantage of it.

The only ones which can do so are the ones that are interested in those coins and invest in them all the time, but this has the drawback that other than during the time there is a huge hype around those coins the rest of the time the performance of those coins is dismal, and if that is the case then making money with them is a huge challenge unless you happen to select the right meme coin and invest in it when it was cheap.

[Hildentine]

I think meme coin is that type coin which is list and some time suddenly Price pump and they go to the moon and suddenly they are dump and hard dump then the token life is end so anyone not trust in memecoin only on that problem so in this situation not any one say good position and bad position..