Meme Coin Quick Guide: Keep the name short, steer clear of the narrative "We are more than just Meme."

Source: Web3Quant X Account

Author: Web3Quant

Translation: Deep Tide TechFlow

Key Points I Focus on When Investing in Meme:

1. Meme Name

The best names should have 3-5 letters.

Easy to remember.

Easy to pronounce.

1. Meme Attributes

No practicality at all, no team commitments, just a good atmosphere.

Avoid tokens that claim to be "more than just a Meme." If it's not 100% Meme, it shouldn't even be here.

A Meme should be a universal concept, making it easy for more people to participate.

Scalability. Being able to continuously add new Meme elements to attract new community members.

Positivity. Try to choose positive Memes, avoid controversial content, making it easier to gain public support from celebrities and exchanges.

No expiration date. Excellent Memes should not have time or price restrictions.

1. Community

The core of a Meme is its community. Specific Memes can attract specific types of community members, and excellent memes usually have healthy members.

Early participants need to be nurtured so that they maintain a positive attitude even when the meme price drops.

Token distribution @HolderScan. The more dispersed the token holdings, the better, indicating more people are putting effort into their investments, while also increasing the token's resilience to risks.

1. Valuation

Divide Memes into different valuation categories ($1 million to $1 billion, $1 billion to $10 billion, $10 billion to $100 billion), which helps in planning better selling strategies.

Many low market cap Memes may not experience huge market cap jumps, understanding this is crucial for short-term trading strategies.

For Memes with a market cap exceeding $10 billion, they usually garner broad support from the cryptocurrency community.

Conclusion

In the world of cryptocurrency, Memes have become an undeniable force due to their unique cultural charm and massive community support. Through careful analysis and selection, investors can find interesting and potentially rewarding opportunities in this emerging field. Remember, everyone's investment journey is unique, and we should choose Meme tokens that align with our values and enjoy the fun of investing.