Promising vs Risky: A Sample from our Meme Research Report
John Barry | Tue Sep 10 2024
The data for Meme Research Report is the culmination of over two months of extensive analysis. Best practices learned from researching, analyzing, and trading cryptocurrency and Memecoins have been developed over multiple years. That said, Memecoins represent a highly volatile subset of cryptocurrency, characterized by exceptional unpredictability.
The goal of this document is to provide a sample size version of Memecoin research report. Removed are best practices, what makes Memecoins unique and other sections. Also missing are 48 of the 50 individual Memecoin reviews.
Track your results – The Quantify Crypto Memes Sector is a good resource to help with tracking. Click on Meme Sector on the Markets Page. Top 50 Memecoins
Meme research report subsectors: Iconic Meme Masters; Emerging Meme Legends; Memes with Concerns; Hidden Gems???; New Kids on the Blockchain; Memecoins Beyond Ethereum and Solana; Pumpers and Dumpers; and Grandpa's Outdated Memes.
Emerging Meme Legends
Emerging Meme Legends showcases the successful new wave of Memecoins making a splash in the cryptocurrency world. These tokens are quickly establishing themselves through significant price surges, creative concepts, engaging communities, and a strong online presence. As these projects continue to grow, they are poised to leave a lasting impact on the crypto landscape, potentially becoming the next generation of Iconic Memecoins.
Dog WIF Hat ($WIF)
Contract Address: EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm
Fundament Score: Strongest
Retracement: Down 64% since its high price on Mar 31st, 2024
Price Increase since Launch: +800% (December 2023)
Dog WIF Hat is a humorous token on the Solana blockchain, with a high market cap and a dedicated community. The project does not engage in token burning but is known for its vibrant community events. It lacks a significant online infrastructure but has a strong social media presence.
Blockchain: Solana
Market Cap: $2.79 Billion
Twitter: 93,600
DEX: No
Website: Fair
Memecoins with Concerns
Memecoins with Concerns is a category that highlights certain Memecoins that raised red flags during our research. These issues may turn out to be inconsequential or could develop into significant problems in the future. Investors should approach these assets with caution, as the potential for unforeseen risks may be much higher with these tokens. It's important to carefully evaluate the associated risks and conduct thorough research before making any investment decisions.
Billy ($BILLY)
Contract Address: 3B5wuUrMEi5yATD7on46hKfej3pfmd7t1RKgrsN3pump
Fundament Score: Red Flag
Retracement: Down 63% since its high price on July 21, 2024.
Price Decrease Launch: -45% (July 4th, 2024).
Concerns:
- Billy was initially launched by an anonymous developer who quickly sold all their tokens shortly after launch. This move left the community to take over and manage the project.
- There have been some early security issues with Billy, as Billy's DEX Screener page was temporarily taken over by attackers who changed its banner, but the community quickly regained control.
- Significant investments by large holders, or "whales," have contributed to Billy's market performance. For example, one whale spent over $580,000 on Billy, boosting its market cap and attracting more investors.
- The token has a low social presence and an inflated market cap reflecting a much larger cryptocurrency.
- Very weak transparency.
Blockchain: Solana
Market Cap: $185 Million
Twitter: 12,400
DEX: No
Website: Poor
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