This is the second part of this article. Here is the first part.
SunPump is easy to use, even if you’re new to crypto. Here’s how to get familiar with the platform.
Step 2: Navigating the SunPump Platform
- Visit the SunPump Website
Head over to sunpump.meme and check around the platform to get familiar with it. The dashboard is simple, with easy-to-use filters, a search bar, and a list of trending tokens.
- Use Filters & search
To boost your research, you can filter tokens by launch date, market cap, trading volume, or price changes over the last 24 hours. The search function allows you to find specific tokens by name. If you already have a token in mind, you can look it up and do your research.
- Create Your Meme Token
SunPump makes it a breeze for anyone to create their memecoin. You can create your memecoins without having any coding knowledge. The process is straightforward: input the token details, pay a small fee (20 TRX), and your token is live on the TRON blockchain. For real, you do not need coding skills to create your memecoin. With this approach, SunPump is attracting more memecoin creators to its platform.
- Analyze Tokens Before Trading
It would be best if you analyzed a token before trading. You saw a token early, but it may fail to do well. To get a hang of each token, you can search the token page for this information:
- Token creator and time of creation.
- An easy-to-use chart of the token’s price history.
- Quick Buy/Sell functions for trading.
- Trading history and holder distribution.
- Links to the token’s social media accounts.
These features make researching and spotting promising tokens easier before they take off. So, let’s move on to the next step.
Source: X
Step 3: Conducting Qualitative Analysis
Once you’ve spotted a meme coin that piques your interest, it’s time to dig deeper. Here’s what you should look for:
- Analyze the Creator’s Wallet
Understanding who’s behind the token can give you insight into whether it’s legit or another rug pull. Check for their previous launches.
- Check Social Media Activity
Use tools like TweetScout.io to see if any influencers, other projects, or notable investors follow the project. Influencers prove that the project invested in their marketing and might want to stay in the market longer.
- Check the Hype
While newer tokens have more potential, don’t ignore coins launched 5-6 days ago. They could be on the verge of a breakout.
Source: X
- Look for Catchy Tickers
Memecoins thrive on branding. Names tied to viral trends or popular culture often perform better. If the memecoin is running on the same concept as a memecoin that did well, you might be in for a nice ride.
- Explore Sunswap Listings
Though Sunswap isn’t as popular yet, its ecosystem is growing. You might uncover hidden gems listed there early on.
Bonus: Tracking Smart Money Wallets
For a smoother trading experience, you should use insights from profitable memecoin traders. To improve your research, we provided a list of profitable memecoin traders.
- TQ7hE7C9HQyBw2iHvW2TUTEi4W995LVt6q
- TBvbgrMunDXopvm22QEoKNLTspbqcKh3S5
- TZCTeQWHL1XyKv1UYKXTSokQeXRdB5sMEE
By following the activity of these wallets, you can get a sense of what tokens smart money is betting on.
Source: X
Conclusion
The TRON memecoin is new to the scene, and SunPump is leading the charge. The opportunities are growing as liquidity flows from other blockchains, and significant players support this ecosystem.
While the platform is new, getting in early and staying informed can give you a massive edge. Now that you have the tools and insights, you can jump in and catch the next big memecoin on TRON.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
