george
New member
Memecoins have been all the rage lately, with Elon Musk's appointment to the US government sending the most popular memecoin, Dogecoin, soaring!
So yes, memecoins are rising and falling at a crazy speed. If you want to get your finger on the pulse, here's a short guide with some feedback.
What is a MEMECOIN?
A Memecoin is a cryptocurrency created with the aim of promoting a community. There can be different memecoins in the image of people, characters, places, objects, animals. In short, there is no real utility behind it . It's a FUN cryptocurrency!
Among the most well-known memecoins are Dogecoin, Shiba Inu, and PEPE. In my opinion, these cryptocurrencies are highly speculative! You can have fun with these tokens, but do so at your own risk!
What blockchains are Memecoins on?
Memecoins are generally on different blockchains, but the most used are BASE (Coinbase's blockchain), Solana, and BSC . Memecoin transaction volumes are very high on Solana and Base.
Creating a Memecoin isn't complicated for those with a good grasp of the subject. That's why there are so many scams out there, so you have to be very vigilant.
How to invest in MEMECOINS on SOLANA?
1 – Have a wallet with Solana
For my part, I would go for SOLANA which is a fast blockchain and costs little transaction fees.
It will therefore be necessary:
1 wallet allowing you to have Solana (see the Phantom wallet https://phantom.app/download )
2 buy Solana ( from Binance for example) and send it to your Phantom address.
Once your wallet is ready we will use a TELEGRAM BOT.
2 – BOT BonkBot
Using a BOT allows you to position yourself very quickly on a cryptocurrency. For my part, on Solana, I use BonkBOT, which is very fast and very effective. Bonkbot is quick to learn; I even made this tutorial on Bonkbot for you so you can get up and running quickly.
3 – Search for MEMECOINS with DEXSCREENER
To find new MEMECOINS, you can use the Dexscreener platform, the platform is accessible from this address: https://dexscreener.com/solana
You can then filter the MEMECOINS by creation date, but also by marketcap and liquidity
When you want to buy a MEMECOIN you will have to put the contract number in Bonkbot which will allow you to buy the MEMECOIN!
The contract number is on the right when you click on a MEMECOIN.
Find Memecoins before others on PumpFun
You can also search for lesser-known Memecoins that aren't listed on any exchanges yet. You can use the PumpFun platform. We've written a comprehensive guide to the PumpFun platform .
Conclusion on buying MEMECOINS
With this tutorial you can now invest in MEMECOINS, but be careful, these are highly speculative tokens! They generally have a very short lifespan before falling to zero (with some exceptions).
If you want to gamble, go ahead, but only put in money you are willing to lose!
So yes, memecoins are rising and falling at a crazy speed. If you want to get your finger on the pulse, here's a short guide with some feedback.
What is a MEMECOIN?
A Memecoin is a cryptocurrency created with the aim of promoting a community. There can be different memecoins in the image of people, characters, places, objects, animals. In short, there is no real utility behind it . It's a FUN cryptocurrency!
Among the most well-known memecoins are Dogecoin, Shiba Inu, and PEPE. In my opinion, these cryptocurrencies are highly speculative! You can have fun with these tokens, but do so at your own risk!
What blockchains are Memecoins on?
Memecoins are generally on different blockchains, but the most used are BASE (Coinbase's blockchain), Solana, and BSC . Memecoin transaction volumes are very high on Solana and Base.
Creating a Memecoin isn't complicated for those with a good grasp of the subject. That's why there are so many scams out there, so you have to be very vigilant.
How to invest in MEMECOINS on SOLANA?
1 – Have a wallet with Solana
For my part, I would go for SOLANA which is a fast blockchain and costs little transaction fees.
It will therefore be necessary:
1 wallet allowing you to have Solana (see the Phantom wallet https://phantom.app/download )
2 buy Solana ( from Binance for example) and send it to your Phantom address.
Once your wallet is ready we will use a TELEGRAM BOT.
2 – BOT BonkBot
Using a BOT allows you to position yourself very quickly on a cryptocurrency. For my part, on Solana, I use BonkBOT, which is very fast and very effective. Bonkbot is quick to learn; I even made this tutorial on Bonkbot for you so you can get up and running quickly.
3 – Search for MEMECOINS with DEXSCREENER
To find new MEMECOINS, you can use the Dexscreener platform, the platform is accessible from this address: https://dexscreener.com/solana
You can then filter the MEMECOINS by creation date, but also by marketcap and liquidity
When you want to buy a MEMECOIN you will have to put the contract number in Bonkbot which will allow you to buy the MEMECOIN!
The contract number is on the right when you click on a MEMECOIN.
Find Memecoins before others on PumpFun
You can also search for lesser-known Memecoins that aren't listed on any exchanges yet. You can use the PumpFun platform. We've written a comprehensive guide to the PumpFun platform .
Conclusion on buying MEMECOINS
With this tutorial you can now invest in MEMECOINS, but be careful, these are highly speculative tokens! They generally have a very short lifespan before falling to zero (with some exceptions).
If you want to gamble, go ahead, but only put in money you are willing to lose!
