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Solana Takes the Spotlight: How to Find Profitable Solana Memecoins Easily

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By Augustine Mbam - - 5 Mins Read
Solana logo and a smartphone
Featured Image | Camilo Concha / Shutterstock.com

Meme coins have become an avenue to make quick gains, and Solana meme coins such as Bonk and Pepe are not excluded. Investors are always out to find the next big Solana meme coin early to maximize their gains. 

Let's examine this Solana meme coin guide that will help you discover opportunities. We'll look at the tools and strategies on how to find Solana meme coins early, analyze their performance, and track market trends effectively.

Using CoinCodex to Spot Meme Coins with Potential

CoinCodex serves as a valuable tool for identifying potential meme coins.

By utilizing the platform's trending section, users can pinpoint the most popular cryptocurrencies, providing insight into which ones are gaining momentum.

If a low-market cap Solana meme coin ranks high on the trending list, it could indicate potential for growth.

Additionally, CoinCodex's undervalued cryptos section highlights coins that may be underestimated based on technical indicators such as the Relative Strength Index (RSI). This feature can help users identify potential meme coins before they attract mainstream investors.

Also, on CoinCodex, you can discover forecasts for technical indicators such as moving averages, RSI, and MACD for all cryptocurrencies listed.

CoinCodex also provides a section exclusively for meme coins, allowing you to swiftly assess the performance of the leading meme coins. This provides an effortless way to stay informed about market trends and pinpoint which coins deserve your consideration.

Tracking Blockchain Activity with DEXTools

DEXTools is a powerful platform that makes it easy to monitor the activities going on in the decentralized exchange. It provides real-time data on price, volume, and liquidity for various tokens, including meme coins such as Pepe and Bonk. It allows you to examine the most viewed trading pairs and the biggest daily gainers, allowing you to identify which meme coins are attracting interest.

One of DEXTools' key features is its ability to track liquidity pools, which is vital for assessing the market health of a meme coin. The platform can also help analyze trading volume and liquidity. DEXTools also offers advanced charting tools, whale tracking, and alerts to help you stay ahead of market movements.

Key Features of DEXTools

  • Real-time Market Data: DEXTool provides up-to-date information on price, volume, and liquidity across various decentralized exchanges. This helps you make informed trading decisions, especially when dealing with meme coins.
  • Charting Tools: It offers chart reading tools such as candlestick charts, line charts, and OHLC charts for analyzing market trends and identifying trading opportunities.
  • Whale Tracking: This feature allows users to monitor large wallet activities. It helps to identify potential market movements and avoid pump-and-dump schemes.
  • Alerts and Notifications: Users can set alerts for specific events like price changes, liquidations, and token swaps, ensuring you never miss a critical update.

Using DeBank for DeFi Insights

DeBank is a platform that offers a comprehensive DeFi portfolio tracker. It allows you to monitor blockchain addresses and their transactions, which is invaluable for finding new meme coins early.

You can track "smart money" addresses that have made profitable moves in the past, where you might get insights into which meme coins might be the next big hit.

Here is how it works: you can check addresses that bought into successful meme coins early and see if they are investing in new projects. This strategy increases your chances of discovering coins with potential before they gain attention. DeBank also provides a real-time overview of your crypto assets and enables you to communicate directly with any 0x address through its Web3 messenger feature.

Key Features of DeBank

  • DeFi Dashboard: Debank offers a detailed view of your crypto assets, including token balances and staking positions, giving you a comprehensive overview of your portfolio.
  • Web3 Messenger: It allows users to communicate directly with any 0x address, making interaction easy within the Web3 ecosystem.
  • Bundle Tracking: This allows you to keep track of multiple addresses in a bundle, which is useful for monitoring different portfolios or strategies.
  • Alerts and Notifications: Users can set alerts for specific events, such as price movements or token swaps.

 

Using Solscan for Solana-Specific Purpose

Solscan offers a comprehensive platform for exploring various features beyond just transactional data.

With Solscan, you can delve into DeFi analytics, NFT dashboards, and token leaderboards, enabling you to keep track of the performance of different meme coins on Solana.

For example, recent coins like Bonk Coin, Dogiwifgat, and Jupiter have surged in price, with Dogiwifgat experiencing a nearly 60,000% increase since it started trading in December 2023.

This platform allows users to track these coins' transactional data, holder information, and market cap, giving a comprehensive view of their performance.

Key Features of Solscan

  • User-friendly Design: The platform's design focuses on graphical elements and data visualization, making it easier to understand complex data and identify trends.
  • DeFi and NFT Dashboards: They provide in-depth data on non-fungible token collections and DeFi protocols on Solana, helping you monitor engagement and performance.
  • Blockchain Analytics: Detailed insights on transaction speed, the number of token holders, and more, allowing you to have a comprehensive view of the Solana ecosystem.

Engaging with the Crypto Community on Social Media

One effective yet often overlooked method for discovering lucrative Solana meme coins is to actively engage on social media platforms such as Twitter, Telegram, and Discord.

It's valuable to follow accounts that monitor on-chain transactions carried out by "smart money" addresses.

A good example is the Twitter account Lookonchain, which frequently shares profitable moves made by these addresses.

Staying active on these platforms will provide you the avenue to know meme coins that might be profitable next. However, it is important to distinguish communities with organic and inorganic activity in the social space. 

Conclusion 

For successfully growing and profiting from Solana meme coins, users need to utilize a range of analytical tools such as CoinCodex, DEXTools, and DeBank. Additionally, staying connected with the crypto community on social media is crucial. This guide offers a comprehensive overview of the strategies for identifying and analyzing these meme coins. By utilizing these resources, you can increase your chances of identifying the next significant Solana meme coin early on and thus maximize your investment returns.

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