Thank you for reading.

If you found this thread useful:

1. Like & Retweet the first tweet
2. Follow me to scale up

I'd love to hear your thoughts on memecoins trading in the first tweet 👇

SUMMARY

You can spot new memecoins early on DEXTool.

Before degening, make sure to check:

1. Liquidity pool
2. Number of holders
3. DEXT Score
4. Website & Twitter

Bear in mind that 99% of all memecoins will inevitably go to zero so don't throw your life savings.

(7/7)

WEBSITE & TWITTER

A project with no website and Twitter is likely to be a scam.

Look for projects with these criteria:

• 1000+ followers on Twitter
• active Telegram community (no bots)
• nice and functional website

(6/7)

DEXT SCORE

This measures the confidence of the project based on the info from the blockchain and other external sources.

This score ranges from 1 to 99:

• High (>80)
• Average (50-80)
• Low (10-50)
• Minimum (<10)

A low DEXT score means a high level of risk.

(5/7)

HOLDERS

The next metric to check is "Holders".

Do not touch any project with less than 100 holders as it's very likely to be a scam.

A high holders amount is positive as there is a lower chance of market manipulation.

(4/7)

LIQUIDITY POOL

The first thing to do is to check "Pool Amount" and "Pool Remaining".

These metrics show if there is enough liquidity to buy and sell the tokens.

Anything lower than 10 ETH is likely to be a scam while 20 ETH is ideal to continue with the analysis.

(3/7)

DEXTOOLS

This is the best platform to spot new memecoins.

Go to LIVE NEW PAIRS to check the live feed of all the tokens that are created in real time.

"Listed Since" shows how long ago a new coin was created.

But 90% of projects are scams.

So what to look out for? 👇

(2/7)

Trading memecoins is not for the faint-hearted.

You win big time if you can find a meme gem before everyone else (assuming that is not a scam).

You can make 100x-1000x ($PEPE) if you get in early (<1m mkt cap).

But how do you find a memecoin before it goes trending? 👇

(1/7)