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Author: Hyphin, Thor Source: Onchaintimes Translation: Shan Ouba, Bitchain Vision
Thanks to the convenience and low entry threshold brought by the convenient methods used by many blockchain developers, exchanges and creation of custom token becomes easier than ever.Coupled with the number of social media and growing retail investors, this greatly accelerates that it does not provide any effectiveness and rely only on loyal communities and ruthless and positive marketing to maintain its growth tokens.
introduce
Internet culture and emoticons (MEME) has long occupied an important position in the encryption field.The proof of this point is that when writing this article, Memecoin’s total market value is about $ 66.65 billion.Dog coins account for about 43.81%of the entire category, and their value is higher than some well -known enterprises (such as Vodafone, Pinterest, and Logitech).
For a long time, Ethereum has been the central hub of Memecoin, and there are almost no competitors until recently.These token related activities have shifted, which occurred on the Sorana chain, becoming the main platform for the project to enter the market and speculate in the speculators.
An important factor of Solana’s expansion and surge in transaction volume is its dynamic chain on the Memecoin ecosystem, which has attracted great interest this year.value.
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Although we do not agree with the transaction MEMECOIN, we know what the market that is standing firmly and gaining reputation is happening, and why, and how it is still useful.
At first glance, it seems that it is impossible to distinguish the reason for the rising token price, but if you look closely, you may find some clues.Therefore, in this article, we will conduct a wide range of memecoin space through checking each corner and gap to try to find out what happened.
Overview
Before analyzing, it is best to understand the operating environment and characteristics of Memecoin, because the entire market lacks rationality and needs to maintain an open mentality for observation.
Each niche market has developed its own unique culture, and the event on the chain on the Sorana chain is no exception.Since the start of the Solana bull market, it has been seen that the chances of changing their lives and the story of wealthy overnight have been seen in Twitter.Realizing that potential wealth -making transactions are about to happen, and many people with different backgrounds are attracted to the liquidity pool, hoping to luckly make a fortune.
One of the main features of Memecoin on the Soran chain is a large number of tokens created every day.
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Due to the extremely low cost of launching Memecoin, a large number of new transactions are listed on the decentralized exchange every day.This makes it a fast -paced environment, frequent rotation, trend, and transformation of Yuan strategy.Most, if not all new transactions lack liquidity on, lead to a large price impact and volatility.The average life expectancy of a project is often about 24 hours or shorter. This is mainly because malicious actors try to use this kind of enthusiastic emotions to deceive ambitious investors through pulling carpet scams and deception marketing.
If you spend enough time to view charts in the Telegram group and screen labels on Twitter, you will find a mode that allows you to map most participants to a specific role in the field.
Role introduction:
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Developers: Benedorsy as a god, developers are considered shepherds who can guide the community to move towards financial freedom.Their decision usually shaped the project’s early price trend and determined the life of the project, because as the founder, they could fully control the fundamental aspects and may hold a large number of token supply.
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Impact: Using their influence on social media, the influencers will share their personal investment for different motivations to improve people’s understanding of the project.According to their intentions, some people want to strengthen the community by increasing social certificates, and some people just want to find exit liquidity to profit.
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Community members: Loyalty to the end, willing to follow the project to go to the place of commitment or return to zero without reservation.These people often appear in the chat group to interact with others, and they do not know how to publicize their investment under the posts of well -known people, and the attention of well -known people may be successful or failure.
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Sniper: By automatic interaction on the chain, the liquidity is added to the pool and the transaction is opened immediately without choosing tokens. The traders of these wallets want to use the upward momentum generated by ordinary traders after intervention.In most cases, they are not optimistic about long -term prospects and will sell as soon as possible because there are many opportunities.
Remember, all these happened in the brutal and ruthless player’s battle environment.In order to maintain competitiveness and get competitive opportunities, many trading tools with practical analysis have been developed to speed up decision -making and execution.Services such as Photon and Bonkbot are favored by most traders. Compared with traditional choices, they have greatly improved the quality of life.
Successful Memecoin’s characteristics
In the vast token ocean, only a few tokens can maintain high valuations and have close connections for a long time.This means that success must be inseparable from some quantifiable factors.
Having a stable due diligence framework will make the process of screening long observation list easier and saving time.This leads to a question -which valuable information can we use to effectively analyze these unpredictable tokens?
We can use historical data to try to identify some common modes and indicators in order to evaluate project potential to a certain extent.For example, by analyzing the top 50 MEMECOIN, we can roughly understand the attributes of the performers.
trend
Since the entire Memecoin field is mainly driven by trends and narrative, it is worth paying attention to the current popular category or theme, so as not to bet on the wrong betting.
By using the popular topics of the word cloud map, you can simply see the current main trends and sub -trends.
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In this example, the tokens of animal themes are the most related, and cats are the most popular sub -themes.The second largest cluster in this visualization is “network culture”, which usually covers cryptocurrency Twitter and mainstream emoticons.
An interesting detail in this visualization is the “Copy” keyword, which includes items derived from the original concept and incorporate its own unique element.These projects will continue to appear, providing a second chance for people who miss the pioneers.
index
After narrowing the prospects, some technical details should be evaluated before continuing.
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Project percentage for disable casting authorization: 100%
In order to avoid unlimited selling pressure, each project should prohibit additional tokens.All the items we have observed have disabled this setting.
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The destruction rate of liquidity pool is the destruction rate:
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Average -78.7%
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Middle number -98.0%
The deployee is destroyed when the liquidity pool tokens received when the initial liquidity is added, which can reduce the risk of liquidity extracted.The middle value here indicates that most of the initial liquidity is usually destroyed.
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The tokens held by the first 10 wallets:
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Average -27.51%
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Middle number -21.79%
In most cases, top token holders are distributed within 20% and vary depending on projects.The lower the percentage, the lower the possibility of a small number of people disrupting the market order due to a large amount of selling.
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The number of days of transaction:
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Average -23.52 days
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Middle number -6.66 days
Since most Memecoin’s life span does not exceed a few days, there is still a transaction volume (that is, signs of activity) after the transaction starts 100 hours after the transaction starts.The median life of MEMECOIN in the top 50 is less than a week, which shows how fast the market is.However, top Memecoin often maintains relatively stable and occupies a place on the rankings.
Community
The community is the cornerstone of each Memecoin, and it is also the most difficult but most critical aspect of evaluation.Active and blunt communities have their own unique culture, which is essential for spreading information and attracting new members to grow in a fierce market.
In order to promote exchanges and carry out marketing as soon as possible, the project needs to expose the media platforms (such as websites, Twitter, Telegram, and Discord) to ensure credibility and maximum communication scope.
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The number of unique platforms owned by each project:
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1 platform -2%
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2 platform -10%
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3 platform -78%
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4 platform -10%
We observed more than two -thirds of Memecoin have at least 3 channels, so if there is no Telegram and Twitter chat room, we should immediately be alert.
We can use these channels to investigate the community and find positive indicators. These indicators usually include (but not limited to):
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There is no internal cricket: People constantly quarrel on group chat or Twitter are not good for the project image, which may make speculators interested in the project discouraged.Positive emotions and positive and healthy discussions are more attractive.*Powerful Twitter influence: Has a solid brand and recognizable features on Twitter (such as the common theme of internal jokes and expression packs)It is important.
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The respected KOL: The well -known social media people are supported and often mentioned that Memecoin will be a huge benefit, and cooperation with KOL, which is raised and selling well, should be avoided.
Final assessment
It is not easy to find those with long -term potential in the vast MemEcoin ocean. It is necessary to evaluate through multi -dimensional analysis such as quantitative indicators and community observation.This document outlines a method of evaluation matrix based on indicators and community participation for investors’ reference.
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If you want to know why the “Danger Signal” axis starts from 4, the answer is: Memecoin without dangerous signals on Solana does not exist at all.By establishing a ratio between the number of negative factors in the community ranking and the existence, we can loosen each token to a category.
The goal should always interact with Memecoin with high community rating and minimal warning signs, because they are more likely to succeed.
However, when trying to classify projects, some common phenomena should be considered:
Community takeover: In some cases, a developer with promising and popular concepts decided to withdraw from the project by selling all its tokens as a response, the community created a new communication channel to restart the project in essence.It does not avoid the risk of the developer’s prank.
The influence of the influence: This is difficult to predict, but there are extremes. A dead project has received a second chance due to the participation of a popular creator and has received widespread attention.
Sniper exit: The early exit of the sniper is usually the project left stain on the rankings. They can increase the opportunity to market marketing on social media, because they are unlikely to offset the community’s efforts through huge sales pressure because they are unlikely to offset the efforts of the community because they are unlikely.Great sales pressure can easily scare away people.
Finding gems is a difficult task, but as historical proof, they do exist and occasionally appear on our radar.
in conclusion
The wave of Memecoin has swept up and has become part of the cryptocurrency market that cannot be ignored.Even if you don’t have the willingness to participate, understanding the Memecoin market is a must -have knowledge for any qualified cryptocurrency investors.Through the analysis methods provided here, investors can more rationally evaluate the potential of the Memecoin project.
