CryptoDan and Crashius Clay, two heavily followed millionaire cryptocurrency traders, recorded a two-hour podcast episode sharing their tips to “find 100X meme coins.”
What Happened: The traders pointed out several tips for meme coin gem hunters to follow:
- To succeed in meme coins, you need to anticipate what will work based on past successes. Find meme coins that are the number one meme on their blockchain as those typically go past a $1 billion market cap.
- Buy meme coins when nobody else wants to buy them and sell when everyone wants to buy. Get ahead of the hype and narratives.
- Set aside 20%-30% of your profits in a separate wallet so you have money to fall back on if you end up losing the rest. Many people make money but fail to keep it.
- Focus on being in the 1% minority, not following what the 99% majority are doing. Go against the crowd to catch the 100X opportunities.
- Have patience and conviction to hold good projects ...