Key Takeaways
- This article provides the strategy to make use of the MevX New Pairs section.
- We also mention some crucial tips to make sure users can join the meme coin market.
Strategic Tips for Finding the Next Explosive Meme Trade
Introduction
Meme coins attract the attention of retail crypto traders due to their extreme prices and the possibility of outrageous profits. Coins like Dogecoin and Shiba Inu have created waves in the market, sometimes yielding 100x returns for early investors. In an attempt to find new potential meme coins while minimizing the risk, many investors are resorting to MevX New Pairs.
What is the MevX New Pairs Section?
Meme coins can surge rapidly, with newly listed tokens often experiencing sharp price increases right after they launch. For users looking to capitalize on these spikes, timing is crucial. However, finding these new meme coin listings manually can be both time-consuming and difficult.
MevX addresses this need with its New Pairs section, which provides real-time updates on the latest meme coins as they enter the market, refreshed every second. This feature simplifies the search for new listings and gives users the advantage of acting swiftly on new opportunities.
To achieve substantial returns, it’s ideal to invest in promising meme coins as soon as they go public. By securing these coins early at lower prices, users increase their chances of significant returns as the coins gain traction and value. The MevX New Pairs section is a powerful tool for traders aiming to catch these high-potential assets early, allowing them to navigate the fast-paced meme coin market with greater efficiency. We have covered the MevX New Pairs section in the New Pairs article. You might want to check out if you want to learn more about this feature.
MevX’s New Pairs section
Strategy to Trade with MevX New Pairs
To profit from meme coins, choosing the right coins at the right time is 90% of the process. Meme coins are incredibly volatile, and traders must ensure they have all the necessary tools and strategies at hand.
Tips for Identifying Promising Meme Coins
- Market Cap: To get a significant return, you should pay attention to the market cap. In the hunt for meme coins, the less capitalized coins will have a high growth potential in exchange for high risks. The lower market cap means you are a few of the first buyers of this coin.
- Liquidity: An additional factor is the liquidity of the pool. A liquid market should have liquidity of approximately 95% to 100%, which means that you are likely one of the early buyers. Coins with low liquidity mean they are about to get dumped, and you don’t want to enter at that moment.
- Mint Authority Disabled: This means the developers can no longer mint tokens, eliminating the chance an excess supply floods the market and ensuring the coin’s value.
- Freeze Authority Disabled: Once the freeze authority is off, the project team can not freeze or seek to restrict your assets. If freeze authority is on, the developers can interrupt your transactions, preventing you from selling the coin.
- LP Burned: If the liquidity pool has not been burned 100%, it is a huge red flag. With 100% of liquidity is burned, the developers cannot withdraw liquidity and rug pull investors, offering greater protection for traders.
- Top 10 Holders: One such consideration is the distribution equality of the coin supply. The top 10 holders should not hold more than 16% of the total. Heavily concentrated coins mean only a few people can dump their coins, and the price will collapse.
- Community: You must also be sure that there is a community around the project. In most cases, this can be determined by looking at the coin’s social media accounts or by the activity in telegram groups. Projects with active communities tend to get more attention.
Importance of Speed in Meme Coin Trading
Appropriate timing is everything in the meme coin market. The second the opportunity pops up is the best moment to enter. Whenever a price rises, it rises steeply. The traders have to execute all the available orders as quickly as possible. This is where MevX’s unmatched speed comes in. By utilizing its private RPC, MevX offers the fastest speed in the market, ensuring users can enter or exit a position at the best possible moment.
Optimize the Workflow with MevX
MevX provides numerous modifications to help you customize your trading experience. To fully make use of MevX, we recommend you check out our article on MevX settings. The recommended settings below are specifically for trading with the New Pairs section.
- Slippage: Meme currencies can have significant fluctuations, and the prices change every second. For this reason, it is advisable to include an appropriate range of slippage. Most traders set their slippage tolerance within the range of 2%–5%. Depending on the conditions, some traders may go higher than that. The slippage setting ensures that a transaction will be completed even if the price changes slightly during execution.
- Anti-MEV: On! MEV (maximal extractable value) is a commonly used term in crypto trading, which means they send bots to block your orders. To avoid the occurrence of such attacks and ensure the success of your trades, Anti-MEV is required.
- Turbo Auto Tip Jito: To ensure the quick completion of your order time, Turbo Auto Tip Jito has to be turned on to either 95% or 99%. This pushes your transaction ahead of others in the chain, allowing it to be processed faster. In such a highly competitive market, a second is enough to differentiate between a win and a loss. This feature makes sure your entries are always at a good price, no matter how volatile the currency is.
Keep Your Goal Realistic
Although 100x returns are possible, holding onto unrealistic wishes may cause severe losses. The estimations to achieve 2x, 5x, or 10x the amount invested are more practical and have lower risk levels. Additionally, it is important to apply a gradual selling strategy. You should sell a portion when it gains small profits and keep doing so until the price drops. The perfect moment you are waiting for might never come.
Conclusion
In this article, we have covered the MevX New Pairs section and a strategy to make use of it. By using MevX, users can quickly jump on newly listed coins and take advantage of rapid market movements.