Five Ways To Find The Next Big Meme Coin Before It Takes Off

Meme coins are almost purely speculative tokens. While the larger market cap tokens like Dogecoin, BONK, and FLOKI might have some use cases, the lion’s share of this market is similar to the gambling sector. So, meme coins are high risk and high reward. 

Most importantly, the sector is full of pump-and-dump schemes and rug pulls. Only a handful of investors are able to profit from meme coins, and it all comes down to identifying trends early and exiting the market in due time.

As recent market trends have shown, some meme coins can surge to 100x in minutes but also slump to zero in seconds. So, how can traders identify the popular meme coin early on? Here are five practical methods…

How to find the next big meme coin

1. Study market trends and news

Monitor market trends and news frequently. Watch reports from trusted sources and note changes in sentiment. A strong buzz may point to a coin with the potential for a breakout. Meme coins are generally driven by stories.

For example, the story of Peanut the Squirrel led to the PNUT meme coin. So, it’s important to look for these unique stories that receive high engagement among the crypto community. Once you find such stories:

• Track market capitalization changes for coins that show sudden growth.
• Use Twitter and X for real-time updates from market analysts and influencers.

For instance, a report on a coin like Bitcoin Bull (BTCBULL) may mention a strong presale and community interest. When you see such trends repeated across multiple sources, it is a sign that a coin could gain traction.

2. Follow social media and community channels

The social media presence of a meme coin can signal its potential. Many meme coins grow thanks to vibrant communities. Follow these steps:

• Subscribe to channels on Telegram, Discord, and Reddit. Look for discussions that show active participation.
• Watch YouTube channels and live streams by crypto influencers. Check if they mention a coin that is gaining popularity.
• Join coin-specific social media groups. Active groups often share news about presales and project updates.

For example, PEPE gathered attention through social media buzz. Investors noticed a growing community that shared news and presale updates. This type of engagement may indicate that a coin is ready for a rise in value.

3. Examine tokenomics and utility

Look at the structure of the coin. Study the total supply, token burn features, reward mechanisms, and any utility provided by the project. Good tokenomics can drive a coin’s price up when demand increases. Focus on these points:

• Check the coin’s supply. A lower supply or a deflationary mechanism can create scarcity.
• Look for rewards or staking programs that benefit holders.
• Read the project’s white paper for a simple explanation of its use case.
• Compare the coin’s tokenomics with those of established meme coins.

4. Spot early presale opportunities

Many promising meme coins launch with a presale stage. A presale allows early investors to get in at a lower price. Follow these steps:

• Look for announcements on coin websites and official social media pages.
• Use platforms like CoinMarketCap’s presale section or specific project pages.
• Join mailing lists to receive early updates on coin launches.
• Study the presale terms carefully to understand the vesting period and any lock-up periods.

Example: A coin such as Meme Index ($MEMEX) attracts attention when its presale gains traction. Investors who buy early at a discount can profit if the coin lists at a higher price. Follow the presale progress and check for milestones like reaching a specific fundraising goal.

5. Use basic data and technical analysis

Even a simple technical review can help spot opportunities in the meme coin market. Use these basic techniques:

• Check the coin’s price chart. Look for signs of a price recovery or a breakout from a low point.
• Study trading volume. High volume may indicate growing interest.
• Use free charting tools like TradingView. Set up basic indicators such as moving averages.
• Note support and resistance levels. A break above resistance can signal the start of a new trend.

In a recent case, a coin like Fartcoin (FARTCOIN) rebounded 85% from a low point. The strong increase in trading volume and a clear chart pattern led traders to enter the market before the coin took off. A simple review of the price chart gave a signal to invest early.

Practical tips to get started

Below are some additional tips to help you take action:

• Research multiple sources: Rely on several news outlets and community channels. Do not depend on one opinion.
• Set alerts: Use mobile apps and charting tools to set alerts on price changes or news updates.
• Start small: Invest a small amount first. As you gain experience and learn what works, you can increase your stake.
• Practice with simulations: Many platforms offer simulated trading. Use these tools to learn without risking real money.
• Keep records: Document your trades and the reasons behind them. This practice helps you learn from your decisions.

Best tools to identify early-stage meme coins

DEX Screener

DEX Screener helps you analyze trading data on decentralized exchanges. To use it:

• Open DEX Screener and select the exchange you want to monitor.
• Look for coins with a sudden spike in trading volume. High volume on a small-cap coin can signal early interest.
• Check recent transactions for signs of large buys. This may indicate that early investors are moving in.
• Compare price movements over short periods. A quick price jump may show that a coin is about to take off.

Geckoterminal

Geckoterminal shows live trading data and order book details. It’s always best to look at the trending meme coins on Geckoterminal. Generally, the dashboard shows popular tokens from launchpads like Pump.fun.

Follow these steps:

• Go to Geckoterminal and choose the coin you want to review.
• Examine the order book. Look for orders that push prices higher when they fill.
• Track trading volumes. An increase in volume can signal growing investor interest.
• Watch the price chart. A clear break above a recent resistance level can be a good sign.

LunarCrush

LunarCrush gathers social media and community sentiment. Use it as follows:

• Open LunarCrush and search for coins that are trending on social media.
• Check the sentiment score. A rising score indicates growing positive discussions.
• Review engagement metrics like tweets, posts, and mentions. High engagement often comes before a price move.
• Compare coins to see which ones show a steady increase in community attention.

By combining data from DEX Screener, Geckoterminal, and LunarCrush, you get a mix of trading activity, technical details, and social sentiment. This approach helps you identify meme coins that might soon gain momentum.

Final thoughts

Finding the next big meme coin is a process that involves clear observation and simple analysis. Follow market trends by reading news and tracking market capitalization. Pay attention to community activity on social media. Study the tokenomics to understand supply and rewards. Watch for presale opportunities that allow you to buy in at lower prices. Use basic technical analysis to catch early price movements.

Remember, the meme coin market remains volatile. Use the techniques in this guide to manage risk and make informed decisions. Stay alert to market news, compare multiple sources, and rely on simple chart reviews.

Disclaimer: The contents of this article are meant for educational purposes only and should not be considered investment advice. Meme coins are extremely volatile, and most traders loose investment in such speculative assets.