Crypto Traders Share 7 Tips 'How To Find 100X Meme Coins Without Relying On Luck'

Zinger Key Points
  • Traders emphasize anticipating trends, buying early and having strong convictions.
  • Crashius Clay, known for his successful BRETT bet, believes the meme coin could become the Shiba Inu of Coinbase's Base blockchain.

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:

  1. 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.
  2. Buy meme coins when nobody else wants to buy them and sell when everyone wants to buy. Get ahead of the hype and narratives.
  3. 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.
  4. Focus on being in the 1% minority, not following what the 99% majority are doing. Go against the crowd to catch the 100X opportunities.
  5. Have patience and conviction to hold good projects through dips when they are lagging the rest of the market. Weak hands sell the lows to chase pumps.
  6. Don’t blindly cut losses quickly if you have a sound thesis. Buy more fundamentally solid trades on dips. Stick to your convictions.
  7. Make contrarian plays. Buy far ahead of events and catalyst before the crowd. Sell into the hype as the event approaches and the masses buy.

Their conclusion was to have a thought process, go against the herd, develop real skills and have strong conviction in your trades. The key is to buy early when few care and sell later when the narrative is hot.

Read Also: ‘Dogecoin Killer’ Shiba Inu’s Daily Transactions Spike 1,082%: ‘Still Very Bullish On SHIB,’ Says Crypto Investor

Why It Matters: Crashius Clay went viral in the cryptocurrency community with his daring bet on BRETT BRETT/USD, a position he is up over $5 million.

He repeatedly called for the meme coin to become the Shiba Inu SHIB/USD of Base, the Layer-2 blockchain of Coinbase, saying at “only” $700 million in market capitalization it is the “best entry of any top meme in the space.”

This compared to dogwifhat WIF/USD, which was trading at 3.5 billion in market capitalization and Shiba Inu, trading at $16 billion.

According to Jesse Pollak, head of protocols at Coinbase, Base has reached 300 to 400 transactions per second, which puts it close to Solana’s throughput numbers.

CryptoDan has expressed conviction in Toshi TOSHI/USD, saying he bought the meme coin at $2.5 million and was calling for a market capitalization of $1 billion. Toshi currently traded around a valuation of $275 million.

It remains to be seen whether these meme coins can close the gap to established incumbents like Shiba Inu.

What's Next: The influence of meme coins and Bitcoin as an institutional asset class are topics expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.

Read Next: What's Going On With ‘Dogecoin Killer' Shiba Inu?

Image created using artificial intelligence with Midjourney.

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