Pepe and Milady have kicked off a memecoin frenzy in the past couple of weeks. Many people have made a killing from these two coins alone. I heard of someone that bought over a trillion pepe tokens a few weeks ago, costing him just over $200 and is now a multimillionaire. Unlike other suddenly rich crypto bros in the past, such as "the Dogecoin Millionaire", my guy cashed out about 50% of his millions, about $9million apparently, and left the other half in there "in case". Now that's a lucky and smart guy - provided he doesn't go ahead and be a completely non-smart guy after the fact - which isn't unheard of 😂

It's no good aping into these coins once they've already pumped, which is why I decided to wait for at least a near 100% crash before getting in with a few dozen dollars. The idea is to find these winners very early and put a few pennies on them, and forget about them until they potentially blow up like Milady, Pepe or Shiba Inu before them. So, how does one find these meme coins? Well, research.

In this video I talk about two of the resources I use to investigate tokens to find potentially good ones. These tools are totally free and vast. They are also quite similar but I often find some discrepancies between them or, at times, the depth of information do differ for the same coin/token. I try to use multiple sources when researching a crypto to try and avoid unknown bias or disingenuousness. They are Coinmarketcap and Coingecko

Coinmarketcap

... is a widely recognised and trusted platform that provides essential information about cryptocurrencies and their market performance. Serving as a comprehensive data aggregator, CoinMarketCap offers real-time prices, market capitalisations, trading volumes, and other vital statistics for a vast array of digital assets. It has become the go-to resource for investors, traders, and enthusiasts seeking to stay informed about the ever-evolving crypto market.

CoinGecko

... is a prominent platform, like the above, that provides users with a wealth of information about the cryptocurrency market. It also has a very comprehensive and user-friendly interface like Coinmarketcap. CoinGecko offers real-time data on prices, market capitalisations, trading volumes, and other key metrics for thousands of digital assets. Coingecko is lauded for its commitment to transparency and community-driven approach, and has gained a loyal following among investors, traders, and enthusiasts like myself over the years. The platform also offers insightful charts, portfolios, and in-depth analysis tools, empowering users to make informed decisions. I rate it slightly above Coinmarketcap and use it more.

Either one of these tools will give you all you need to at least find the tokens, after which you can do more fine-tuned research on them by reading the whitepaper, if one exists, and looking in to the background of the founders and organisations involved if you can find them. You can never been too careful these days, especially when it comes to meme coins that can very easily be rug-pulls, however nice they look. If we've learnt anything from the whole SBF and Do Kwon sagas of the recent past, the more centralised a project is, the larger the danger it presents.

Peace & Love,

Adé