Identifying meme coins early on might make investing in them rewarding and interesting. When these coins become more well-known and experience a price increase, they can provide high returns. Using the appropriate tools and observing trustworthy sources can help you uncover meme coins early on and remain ahead of market trends. Making wise selections in this ever-evolving market requires knowing how to find new meme coins early and where to find meme coins for successful projects.
Online Crypto Communities
Continue participating in discussions about new projects and online groups. A few of the most popular recent meme currencies initially became popular in online communities like Twitter, Reddit & Telegram groups. Participating in these digital forums can help you stay on top of trends and find meme coins early.
Monitor Online Trends
Keep an eye out for the popular hashtags associated with cryptocurrency on social media sites, especially TikTok & Twitter. Hashtags may be an excellent tool for spotting new coins, and many meme coins have become well-known due to viral online trends.
To uncover relevant information, use a keyword search using terms like “meme coins,” “crypto meme,” or the names of particular coins. Before purchasing any cryptocurrency, conduct your analyses of the facts and confirm the information you find.
Leveraging Influencer Insights
Influencers in the cryptocurrency space often provide important knowledge regarding new meme coins. Please pay attention to well-known influencers for their knowledge of blockchain technology and meme coins. You can find coins with many promises early on by using their expertise.
Look for high-potential presales
A presale is an initial coin sale before the coin gets listed on any exchange. Because they are frequently not well publicized, it can be extremely hard to find them. Checking out data provider websites is an excellent starting point. Frequently, these websites will feature future or new coins and tokens. Using the analytical tools these websites provide, you can assess whether these coins/tokens have excellent potential.
Track activity on the blockchain
Monitoring a cryptocurrency’s on-chain activities is essential for analysis. It’s crucial to keep an eye on token holders’ activities & the liquidity pools of decentralized exchanges because most new meme currencies aren’t listed on centralized cryptocurrency exchanges. You should become familiar with these five tools to discover which meme currency will be the next big thing:
1. Etherscan
There’s a solid reason why Etherscan is the most widely used Ethereum block explorer globally. When used appropriately, it offers a genuinely comprehensive overview of all activity on the Ethereum blockchain & can yield incredibly valuable information. Monitor what’s happening on the project team’s wallets, including the largest holders of the token using Etherscan.
It is generally not a good idea to purchase the meme currency you are analysing if they sell it. The ability to rapidly determine how many wallets on the platform hold a specific coin is another fantastic feature of Etherscan. It’s a useful method for rapidly determining if a meme coin is rising in demand or its highest point has already been met.
| Key features | Description |
| Token tracker | Allows users to track the price, volume, and market cap of any ERC-20 token, which is the most popular token standard among meme coins. |
| Transaction tracking | Let users track the status of any Ethereum transaction, as well as view detailed information about the transaction. This can be useful to see if shady things are going on with a new meme coin. |
| Smart contract analysis | Etherscan allows users to view the source code of any Ethereum smart contract and track all transactions and events associated with the contract. This can provide valuable insight into any potential security risks. |
| Account balance and token holdings | Allows users to view the ETH balance and token holdings of any Ethereum address. This can be helpful for users to track their own assets and to identify any suspicious activity. |
2. DEXTools
A DEXTools network makes watching events on decentralized digital currency exchanges simple. You can locate the most popular selling pairs, the top daily beneficiaries, and much more with the platform’s help.
You can also discover a list of all the liquidity pools associated with the meme coin you’re curious about using DEXTools. The site can be very helpful in assessing the current health of the market for a coin you are analyzing and in determining the largest liquidity providers, trade volumes, and other details.
| Key features | Description |
| Real-time market data | DEXTools provides real-time market data for a wide range of DEXs and tokens, including price, volume, and liquidity. This data can be used to make informed trading decisions, especially when trading meme coins. |
| Charting tools | It offers a variety of charting tools, including candlestick charts, line charts, and OHLC charts. These tools can be used to analyse market trends and identify trading opportunities. |
| Whale tracking | Allows users to track the activity of large wallets, also known as whales. This information can be used to identify potential market movements and to avoid getting caught in pump-and-dump schemes. |
| Alerts and notifications | DEXTools allows users to set alerts and notifications for specific events, such as price movements, liquidations, and token swaps. |
3. Debank
One platform that offers a DeFi portfolio tracker is Debank. It may be used to view a blockchain address’s transactions and tokens. One of the strongest methods for identifying new meme currencies early on is to monitor the activities of “smart money” wallets that have historically performed extremely successful transactions.
Finding wallets that purchased meme coins early may be worthwhile, for instance, if they have previously shown significant price rises. To find out if these wallets are purchasing any fresh meme coins, you can verify them on DeBank. One of the best methods to improve your chances of making money in the trading world is to study the strategies used by the most successful traders.
| Key features | Description |
| DeFi dashboard | DeBank offers a comprehensive DeFi dashboard that provides users with a real-time overview of their crypto assets, including token balances, staking positions, and more. |
| Web3 messenger | Lets users directly communicate with any 0x address, enabling seamless engagement within the Web3 ecosystem. |
| Bundle tracking | DeBank allows users to track multiple addresses in a bundle, which is useful for traders and investors who want to track the performance of different portfolios. |
| Alerts and notifications | Allows users to set alerts and notifications for specific events, such as price movements, liquidations, or token swaps. |
4. DexCheck
A platform called DexCheck gathers information from decentralized Bitcoin markets. Since decentralized exchanges (DEXes) are where meme coins are typically first introduced, keeping an eye on DEX activity is essential to spotting emerging meme coins early on. Numerous blockchains, such as Ethereum, the BNB Chain, Polygon, Avalanche, Arbitrum, and dozens more, allow you to monitor decentralized trade data.
DexCheck, for instance, makes it simple to identify the top beneficiaries of the day on decentralized exchanges operating throughout the Ethereum network. A cryptocurrency whale tracker function on the DexCheck platform allows you to view the transactions executed by significant holders. It can assist you in identifying meme coins that whales buy, which may indicate their value will rise.
| Key features | Description |
| Token research and due diligence | DexCheck offers comprehensive token research and due diligence capabilities, providing users with access to detailed information on tokens, including their background, technology, team, and market performance. |
| AI-powered insights | The platform leverages artificial intelligence (AI) to provide users with valuable insights into the crypto market. |
| Smart money tracking | Allows users to track the activity of large wallets, also known as smart money. This information can be used to identify potential market movements and to follow the trades of successful investors. |
5. Dune Analytics
Users of the Dune Analytics platform can access on-chain data and visualize it using a range of chart formats. On Dune Analytics, you can see several dashboards that monitor meme coin-related on-chain behaviour. Depending on the dashboard, this data can be rather complex, but it might give you an advantage over competitors who don’t pay close attention to these small details.
Learning about Dune Analytics is highly beneficial for all cryptocurrency investors—not just limited to those interested in meme coins. You may even use the platforms to develop your dashboards if you know a little SQL.
| Key features | Description |
| User-friendly interface | Dune Analytics has a user-friendly interface that makes it easy to get started, even if you are not familiar with SQL or blockchain technology. |
| Comprehensive data | Provides access to a comprehensive set of blockchain data, including on-chain transactions, smart contract events, and token transfers. |
| Community-driven content | The platform has a large and active community of users who contribute to the platform by creating and sharing queries, dashboards, and other content. |
6. Solscan
Lately, Solana has emerged as a hub for new and cutting-edge meme coin initiatives. Famous coins recently introduced on the Solana blockchain, which has seen strong price spikes, include Bonk Coin, Dogwifgat, and Jupiter. For instance, Dogiwifhat has increased its value by around 60,000% since it began trading in December 2023.
One of the greatest explorers in the environment of Solana is Solscan. Other than the standard capabilities one would want from a blockchain explorer, especially analyzing transactional data for various addresses, it provides an array of additional functionalities, such as DeFi statistics, an NFT dashboard, and token ranking charts that include holder, price, and market cap information.
| Key features | Description |
| User-friendly | The platform’s design is focused on graphical elements and data visualization with many charts, which makes the data easier to understand and trends easier to identify. |
| DeFi and NFT Dashboards | In-depth data on the non-fungible token collections and DeFi protocols on Solana allows users to monitor engagement for various dApps. |
| Blockchain analytics | Data like transaction speed, number of token holders, and more allows users to form a comprehensive view of the Solana ecosystem |
FAQs:
Conclusion:
Remember, buying meme coins is dangerous because they usually have no solid foundations or benefits. Since many meme currencies have limited liquidity and their price variations are almost entirely dependent on investments, a small number of whales can significantly influence the market. Before making an investment, always consider your financial condition, and never make investments more than you can afford.