Low Market Cap Solana Meme Coins: Strategy or Gamble?

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CyberHashMember
Posts: 19 · Reputation: 220
#1Apr 18, 2020, 02:11 AM
Low market cap meme coins on Solana? Found some trending on dexscreener under 4k. Huge upside, limited downside. What do you all think?
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0xBossFull Member
Posts: 165 · Reputation: 254
#2Apr 18, 2020, 05:07 AM
That strategy is risky, man. So many rug pulls and honeypots these days. Scammers know exactly how to play the game, making their tokens trend just to trap buyers.
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0xGuruNewbie
Posts: 190 · Reputation: 19
#3Apr 18, 2020, 10:41 AM
Exactly! I say grab all trending tokens under 4k. Just buy a few, hope for SmartMoney to notice and pump the price. But you gotta be quick, those under 10k often pull the rug.
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j0hn.ga5Newbie
Posts: 98 · Reputation: 19
#4Apr 18, 2020, 11:50 AM
"Limited downside" sounds like a nice way to say "not much left to lose." These tiny caps are a gamble. The dev could bail anytime and you're left with nothing.
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gmfrensMember
Posts: 213 · Reputation: 42
#5Apr 18, 2020, 02:24 PM
How far along are you with these shitcoins? Feels like everyone's getting burned and moving away from meme coins. Not like 2021 when things could blow up out of nowhere.
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GigaGuruNewbie
Posts: 76 · Reputation: 26
#6Apr 20, 2020, 11:01 AM
So you really think just buying low cap meme coins will net you profits? Sounds like a gamble to me. Most of these will just leave you broke.
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jakebullMember
Posts: 15 · Reputation: 76
#7Apr 21, 2020, 12:42 AM
Your strategy sounds kinda scary. Have you even been successful with these coins? I’ve tried and lost money. Maybe you have tips on making it work?
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Posts: 128 · Reputation: 201
#8Apr 21, 2020, 02:02 AM
Don't fall for the low market cap trap. Most are just pump and dump schemes. They drop in price fast, and the devs always come out on top like it's a casino.
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0xGasMember
Posts: 292 · Reputation: 52
#9Apr 23, 2020, 08:56 AM
Haven't been using Dexscreener much anymore. I prefer CMC and CoinGecko for finding coins now. DEX can be super risky.
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greg2015Legendary
Posts: 258 · Reputation: 5547
#10Apr 23, 2020, 09:32 AM
Yeah, just because it's trending doesn't mean it's safe. You could be chasing a falling knife. Most people end up losing rather than profiting from these trends.
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nick_minerSenior Member
Posts: 74 · Reputation: 1843
#11Apr 23, 2020, 02:36 PM
Seems like a gamble instead of a strategy. Anyone can see it's just speculation. You’re better off at a casino than trying to guess which coin will pump.
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benblockSenior Member
Posts: 138 · Reputation: 1761
#12Apr 25, 2020, 12:13 AM
You think a coin that dropped from 100k to under 4k will recover? That's a terrible suggestion. It’s likely just a dead project.
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Posts: 75 · Reputation: 33
#13Apr 25, 2020, 01:44 AM
Entering low market cap coins has both sides. It can be tempting with the potential FOMO, but many fade away quickly. Use only what you can afford to lose.
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Posts: 267 · Reputation: 213
#14Apr 26, 2020, 12:56 AM
How can a coin with under 4k market cap even trend? Feels off. Buying means you’re basically waiting to get dumped on.
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benblockSenior Member
Posts: 138 · Reputation: 1761
#15Apr 27, 2020, 08:33 PM
No way this works. The people thinking this strategy will succeed are just delusional. Most of these coins are worthless. You’ll just end up losing.
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lord_2013Member
Posts: 2 · Reputation: 95
#16Apr 28, 2020, 11:49 PM
If you’re jumping into a meme coin, expect to lose money due to low trading volume. Many enter at the bottom hoping to profit off FOMO.
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node07Senior Member
Posts: 24 · Reputation: 1808
#17May 1, 2020, 06:49 AM
I’ve tried following strategies from meme coin traders on social media, but got rugged. It’s all scams out there. Don’t trust those profits!
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Posts: 219 · Reputation: 36
#18May 2, 2020, 12:09 PM
If you don’t mind losing your money, go ahead. Trending coins often lose value as soon as hype dies down. Holders are left as losers.
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mr_apeNewbie
Posts: 401 · Reputation: 35
#19May 2, 2020, 05:14 PM
Your strategy is risky, for sure. You’re dealing with useless tokens mainly relying on pumps. The potential for profit is there, but so is the downside.
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im_bullNewbie
Posts: 19 · Reputation: 11
#20May 4, 2020, 02:56 AM
There are new meme tokens on Sol that can provide big profits if you time it right. But I’m leaning towards meme tokens on the BNB network instead. Easier trends to read.
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