Tutorial On How To Find New Meme Coins On Dexscreener

For those of you who looking to find potential meme coins, then Dexscreener is the best tool that you can try to hunt Meme Coin that has the potential to rise by a hundred or even thousands percent. 

In the ever-growing world of crypto, the presence of meme coins has become one of the inseparable and underestimated crypto assets. The value of meme coins is often boosted by its hype on social media and support from the community.

Although it promises returns that multiply from hundreds or even up to thousands percent, investing in meme coins also carries a high risk.

Usually, these huge profits are obtained because they buy meme coins when they are just launched or when the price is still very low.

So, how do you find meme coins that have the potential to provide great profits? 

You can use tools that can identify promising new memecoins before public know about them.

In this article, we will take an in-depth look at how to use Dexscreener to find potential meme coins

Getting To Know About Dexscreener

Dexscreener is an analytical tool designed to monitor and analyze trading data from various decentralized exchanges (DEXs). With Dexscreener, users can view various statistics and charts related to crypto asset trading in real-time.

This tool allows traders to track price movements, trading volume, liquidity, and other important information that can help in making better investment decisions.

One of the main advantages of Dexscreener is its ability to provide highly detailed and accurate data in real-time.

Features such as search filters, technical indicators, and market sentiment monitoring make Dexscreener a very useful tool for traders, especially those focused on trading meme coins.

With Dexscreener, you can easily identify trending meme coins and monitor their price movements more effectively

Meme Coin Hunt with Dexscreener

There are several methods that you can use to help you to finding potential new meme coins. 

Searching for Memecoins with Smart Contracts

For traders who already have a meme coin target and want to see statistics such as price, volume, and liquidity, they can use the search feature with the meme coin ticker or with a smart contract.

The ticker of a meme coin may be the same as another memecoin, but their smart contract is definitely different. So it is highly recommended to use the search feature by pasting smart contracts.

First of all, search for the smart contract of the desired meme coin. For example, for Solana-based memecoins, it can be searched through Solscan. For Ethereum-based meme coins, you can use Etherscan, and other chain explorers, adjusting to the desired meme coin chain.

Next, copy the smart contract of the meme coin and open the Dexscreener website. Paste the smart contract in the "Search" field and select one of the options that appears.

A price chart display will appear in the middle. The right part is the statistics of a token which contains: Market cap and FDV, liquidity, price, trade pair name and DEX where the meme coin is being traded, details of the number of buy and sell transactions, as well as smart contract pools and tokens.

At the bottom of the graph there is a Transaction that records the latest transaction in real-time. Top Traders show trades that occur with profits from the highest.

Holders record the number of token holders and the number of tokens held. Liquidity Providers shows the wallet address that provides liquidity along with the amount of liquidity that is placed.

Looking For Meme Coin By Chain

In addition to searching for meme coins directly with smart contracts, searches can also be done based on chains. Some chains do statistically have large meme coin liquidity, such as Solana and Base.

To search by chain, in the menu (left side) of Dexscreener there is a collection of chain options. By clicking on one of them, the middle section will contain a list of tokens and meme coins from the selected chain.

After selecting the chain, at the very top there is a DEX filter. Traders can also click on one of the DEXs to view the tokens or meme coins traded on that DEX.

Under the DEX filter, on the right at the top of the token list, there is a Rank by option that allows you to sort the list of tokens based on the selected sorting option. Sorting can help see the order of tokens or meme coins, such as: by the largest liquidity, by the largest market capitalization, by the age of the pool, and so on.

Finding Meme Coin with Moonshot

Moonshot is the latest product from Dexscreener that is similar to the Pump.fun platform on the Solana network. This product is located in the menu section (on the left side), above the chain selection set.

Moonshot allows for a fair launch of tokens or meme coins, allowing traders to buy them at a "still" low market cap before trading on DEXs.

To get started, users can click on "Moonshot" and a display of various meme coin presale will appear. This presale is regulated by a smart contract so that it eliminates the potential for losing funds due to the token creator being carried away before the token is launched.

Moonshot currently only supports the Solana network, so users must have a Solana-based wallet such as Phantom or Backpack. Next, users must connect their Solana wallet.

The next step is to choose the token or meme coin you want to buy. After successfully making your choice, then determine the amount of Solana you want to use, and press Buy. Accept the pop-up that appears to confirm the transaction.

Tips For Choosing Meme Coins On Dexscreener

With so many meme coins available on the market, choosing the right one can be a challenge. It is important to have a clear strategy and guidance in choosing a meme coin in order to maximize potential profits and reduce risk.

Here are some tips that can help in choosing a potential meme coin.

Check Market Cap

Choose a meme coin with a market cap that is not too small. Meme coins with larger market capitalizations tend to be more stable and have better liquidity.

To see this, users can see it on the right side of the graph view.

Review Trading Volume

The high trading volume indicates great interest from traders. Meme coins with high trading volumes are easier to buy and sell without affecting the price significantly.

Trading volume can be seen at the bottom of the chart as shown in the red box in the image.

Community Analysis and Social Support

A strong community can be a positive indicator for memecoins. Check the activity on social media, forums, and Telegram groups to see how active and large the community is.

Social media information about a meme coin project can be found on the right side of the graph view, then scroll to the bottom.

Check Price Movements and Historical Patterns

Analysis of historical price movements can provide insight into the behavior of the memecoin. Meme coins with stable or rising price patterns tend to be safer to invest in.

Conclusion

Dexscreener is an effective tool to help in the hunt for meme coins with high potential. By using the advanced features offered, traders can monitor price movements, analyze trading volumes, and identify market trends more accurately.

However, always remember that investing in meme coins carries a high level of risk. Make sure you have done enough research and managed risk well before making an investment decision.