[00:00] guy made over a million do in 5 days this guy turned $166,000 into 10 million so that made me curious is it possible to predict the next big meme coin are there patterns that someone can spot to point to the next 100x or is all this
[00:15] some completely random gamble I've discovered something in my research there are distinct patterns and rules to the meme coin game patterns that might just make you a fortune and rules that protect you from rug PS and scams now
[00:28] approach them they're pure dgen gambling but if you're sick like me here's everything you need to know Meme coins are pure pure psychology in my research
[00:40] an extremely clear pattern emerged mem coins are literally an assault on our psychology and our biases the more psychological boxes a meme coin can it and you were early you get rich it's that simple so let's start with the name
[00:57] there are thousands of meme coins named after do Pepe Elon Musk anything meable Pepe that you put money into you go that's pretty stupid if you're a crypto
[01:11] off of it at least we all agree that they're stupid but it does make sense if you really think about these a memeable name by definition is simple and
[01:23] understandable the name Sheba enu is attractive to millions of people because millions of people can look at the name Sheba and think huh funny looking dog it's that simple you don't need to think to understand the names of these popular
[01:36] coins the name should embody some concept that is extremely easy to understand and extremely likable by the average person like who doesn't like a Shu Sheba Inu dog they're cute they look funny like that's it it's that simple
[01:52] that's our first checkbox now of course a good name that isn't enough for a meme coin to blow up people have to actually buy the thing and that brings me to the friction of meme coins meme coins most often are built on larger market cap
[02:04] projects like salana or ethereum or whatever the reason is pretty simple for this investors already have money in those large products which means there's less friction to buy the tokens that are built on those layer one ecosystems it's
[02:19] a lot easier to get an ethereum holder to buy a meme coin that's built on ethereum than it is to get someone to take some cash transfer that to ethereum and then use that to buy some me coin if it's easier to buy more people will buy
[02:32] first think about this on bigger projects like ethereum or Salon or whatever you have investors who have made tons of money in their initial they're just sitting on some bags but when you have a big win in crypto you
[02:48] don't really feel like it's real money it's in that token it's not dollars it's not cash in your hand and when you have money that doesn't feel like real money think about this psych psychologically you're more willing to spend it in Dumb
[03:01] ways like meme coins so for example if a product like internet computer pops off you might want to start looking at meme coins associated with that layer one the reason being is you have a ton of investors actively looking for the next
[03:15] spot to park some of that cash and of course meme coins are often the loudest extremely simple to understand so that's kind of an attractive place to park some
[03:27] of those gains that you made that don't really feel like real money and yes you subject to these Capital flow principles they're also completely insane and they're subject to extreme cycles of hype that typically look like up down
[03:44] Flatline and then they just die forever some recover but like most never do so the question is why why do they pump in the first place beyond what we've already talked about so far the answer might lie on how the internet functions
[03:56] T of trading over on the fova patreon page here's a recent trade that we did that resulted in a 14% gain in one day on a madx short position this was have had access to that trade and many others like this 25% gain if you were a
[04:14] member of our fova patreon last week now unfortunately right now we're totally out course material for current members but for everyone asking I'll let you influence on Meme coins this is super important the internet is amazing at
[04:31] pushing whatever idea is currently popular meme coins are great at taking when coins like Doge or Sheba enu come out they blew up then copycats wanted to
[04:43] jump on the bandwagon so then they took that dog theme and then ran with it like enu it's it's kind of funny then you have coins based on
[04:56] existing memes or ideas like Pepe or Jesus coin or coins based on anything that Elon does again this is all fairly dumb but it's actually tapping into something that's innately human fad mentality people love fads if
[05:10] something's popular people just flood to it you see this all the time on social media you know those fancy cups that girls are just going nuts over at Target Joe Rogan ice baths Yeezys fads they come and go people can't get enough of
[05:23] them for some reason all of our brains are wired to bias towards thinking if something is popular it has to be good and mem coins are no different memec coins follow the same mentality except they just directly monetize it instead
[05:35] of building coins based on technology or ideas the coins are built around chasing fads some set the fads most copy the market then responds to real world events that relate to those fads so for example if Elon Musk does just about
[05:50] anything Dogecoin reacts the price pumps Elon can influence that fad directly principles that we talked see if you can find the issues in this coin Toshi a
[06:02] coin named after Brian Armstrong's cat which he named after Satoshi Nakamoto that coin is very unlikely to ever be a billion doll meme coin but why it's too complicated and too irrelevant the name is named after a cat that a guy named
[06:20] because of another guy's name in the mem coin world that's way too much thinking for this coin to blow up as a result of him never underestimate the power of a
[06:32] strong narrative our psychology we just can't get enough of a strong narrative can happen doa's price was completely flat for years until a perfect storm of
[06:45] narrative events not only brought it back to life but propelled it into what it is today and there are a few principles at play here that encapsulate the meme coin logic in its entirety see if you can spot them first Elon Musk he
[06:58] Jean Simmons started talking about Doge then Mark Cuban started using it as NBA games and after that coinbase listed it and this caused this widespread Market
[07:10] surge this was a series of narrative events that resulted in one big mountain of Doge gains that made a whole lot of people rich but what actually happened here like under the hood well first The Narrative around Doge was resuscitated
[07:25] before musk Reddit and the others Doge was pretty quiet the price reflected people on The Fad money started flowing back into Doge next it was listed on coinbase and other exchanges this was huge this was the moment it checked a
[07:40] psychological box that almost no meme coins are ever able to check legitimacy and credibility as a result people were extremely willing to invest not only that it's even easier to buy that thing so there's less friction anyone can get
[07:54] a coinbase account buy some stuff they don't have to worry about cold wallets friction so many boxes are checked here with meme coins you're not trading Commodities you're trading popular fads and the narratives that drive them the
[08:10] psychology behind them and the impact they have the better you'll be at picking meme coins it's crazy it's risky but there's some kind of actual logic realize there are two types of meme coins community-driven coins and Bs
[08:28] coins community-driven coins they grow from some shared sense of humor some kind of shared circumstance sometimes they develop a real utility as people people having fun doing dumb stuff on the internet and trying to make money
[08:43] like what isn't to like about some Community oriented meme coin whatever no harm the BS coins they're driven by people often influencers who they're acting behind the scenes to artificially hype up and pump the price before just
[08:58] usually warning signs for these BS coins coins like these are often majority held by a few potentially Bad actors for example the mem coin scop had 90% of its
[09:11] tokens held by one guy its founder Ben do eth if the coin is held by just a few wallets run ideally you want to sidestep BS coins and focus on just the Community at token transactions are there a bunch of small transactions coming from one
[09:29] wallet if so they could be there just to artificially pump the transaction volume again just don't even be there in the first place get out of there same goes use rug Checker tools as well to second guess any of your decisions these will
[09:44] suspicious going on these scams work because people don't do those steps these tokens know that crypto Deens don't care about doing their due
[09:56] predict the next big meme coin aim to check as many psychological boxes as possible it's extremely simple to understand it's able to be liked by millions of people it's easy to purchase meaning there's very low friction to buy
[10:11] the thing it's in an environment where people have more money than sents it's attached to a great narrative that is popular and people like and people want to follow it has a community of supporters it's safe from scams it has
[10:24] past results meaning there's people to point to that have already made money credibility behind the token that is the genetic makeup of a 100x meme coin
[10:36] possibly thousand next does that mean you should invest in them no probably there love you goodbye