Welcome back to Wealth Vault, In this edition, we dive into the captivating world of meme coins, a sector that's not just about humor but also significant market movements and opportunities.Β
As the crypto landscape shows signs of taking off, understanding the dynamics behind these trends becomes crucial.Β
I'll share my strategic approach to navigating meme coins.Β
Plus, don't miss out on my hot list of meme coins to watch, a curated selection promising intrigue and potential in the evolving digital currency space. Join me as we explore the rise, the recovery, and the road ahead in the meme coin universe.
The cryptocurrency market is witnessing a notable surge, with Bitcoin leading the way.Β
This upward trend has brought a sense of euphoria to the market, with $Bitcoin set to break its all time high before the halving for the first time.
Weβll be going into:
π The Rise of Meme Coins
π Our memecoin strategy
π Significance of Recoveries
π My Memecoin Hot List
Letβs get started ‡οΈ
π The Rise of Meme Coins
Meme coins such as $PEPE, $FLOKI, and $BONK are outperforming expectations, capturing the attention of investors and traders alike. Their strong performance could catch the attention of retail, which is good for the space.
$WIF pumped 218% this week, and now with the news of a Binance listing, retail will have more access to it.
Sometimes in the bull run you just have to sit back and submit to whatever trend is prevailing. Over thinking often backfires.
Retail loves memecoins, and weβre going to see a lot of meme coins dominate this new cycle.
The increasing allure of meme coins among retail investors suggests a broader market expansion. This growing interest not only fuels the rise of meme coins but also injects liquidity into the market, benefiting a wide range of altcoins.
Iβm going to be dropping a volume 2 of our meme coin cheatsheet, stay tuned for that.
π Our memecoin strategy
What's Inside?
βΒ A Beginnerβs Guide
βΒ Advanced Trading Strategies (with steps and chart examples)
βΒ Take Profit TechniquesΒ
βΒ Risk Management Techniques
βΒ Defi Insider Guidelines
Our guide isn't just a collection of tips and tricks; it's a comprehensive roadmap designed to equip you with the knowledge and strategies needed to navigate this fascinating market.
Access it here:
https://damidefi.substack.com/p/unveiling-the-ultimate-memecoin-guide
π Significance of Recoveries
The resilience of coins like $WIF, which have bounced back from dips with vigor, underscores the underlying strength of the market.Β
One way you can work out how strong a coin is either on Extreme green days or extreme red days.
Monitor which coins perform the best on both days.Β
So if we see a massive pump in the market, search which coins are consistently being the strong performers in the market when the market pumps.
You can also do the exact same on a red day when the market has a major dip during some of these major corrections. You can start to take notes which coins hold up the best.
So if the entire Market is down 20% but thereβs a sub sector of coins that just are only dropping 2 to 3%, that's a strong indicator that when the market does reverse these are going to pump the hardest.
We saw that with $WIF yesterday, as it dipped, traders bought the dip very strongly.
Analyzing these recoveries provides crucial insights for future trading decisions, highlighting opportunities in the midst of volatility.
π My memecoin hot list:
After weeks of research and analyzing trends, here are 8 memes to get into to 100x your bags.
This will consist of some plays which we can get entries on a retrace before they moon, these will be less risky, but we will also have some new low cap new memes.
Keep reading with a 7-day free trial
Subscribe to Wealth Vault: Defi Insider to keep reading this post and get 7 days of free access to the full post archives.