Meme coins have not utility, yet they have become a popular avenue in crypto to potentially make a 100x return.

Introducing Moonshot by Dexscreener!

Dexscreener, known as the 100X Coin Finder for its role in helping traders spot potentially profitable coins early, has launched a new feature called “Moonshot”.

Moonshot is a dedicated page for degen traders to find the next moonshot meme coin.

In this post, we’ll dive into Moonshot and explore how you can leverage it to potentially profit by trading meme coins or even creating your own.

Spoiler Alert: We’re Talking About…

• What is Dexscreener’s Moonshot All About?
• Trading Meme Coin on Moonshot – A Walkthrough
• How To Spot A Profitable Meme Coin On Moonshot
• Final thoughts!

Grab a cup of tea and join me on the hunt for some moonshot meme coins.

What is Dexscreener’s Moonshot All About?

On June 24, 2024, the Moonshot feature was launched by Dexscreener.

Moonshot is designed to cater to degen traders looking to profit from the next big meme coins before they explode.

Unlike Dexscreener, which tracks the activities of decentralized exchanges (DExs) on numerous blockchains, Moonshot focuses solely on new token launches on the Solana blockchain.

In addition to spotting profitable Solana meme coins, the platform allows users to seamlessly create and launch their own tokens.

To set itself apart, Moonshot adopts robust security measures, ensuring that it provides a safe trading environment.

Here are a few things you need to know about Moonshot’s safety measures

Take a glance!

i. Transparent Tokenomics

Only a fixed supply of 1 billion tokens can be created on Moonshot.

Once a token reaches a market cap of 500 SOL, 200 million of its supply is automatically burned, the rest becomes tradeable on Raydium, a popular Solana DEX.

Not only does this model ensure that tokens are liquid (easy to trade) before hitting a major DEX, but it also implements a deflationary mechanism for their sustainable growth.

ii. Fair Launch

Moonshot eliminates presales and insider allocations for token launches.

This ensures everyone has an equal opportunity to participate and reduces the risk of a “rug pull,” where creators dump a large pre-allocated token stash on investors.

iii. Security Audits

Before a token is launched on Moonshot, it undergoes a smart contract audits to ensure that it is safe for trading.

Heads up! Before we continue, if you are looking for a top-tier exchange to trade Solana meme coins, head over to Bybit and register for a seamless trading experience.

Moving on, below is a beginner guide on how to trade on Moonshot.

Trading Meme Coin on Moonshot – A Walkthrough

To embark on your quest for the next 100X meme coin on Moonshot, you need to understand how the platform works.

Each meme coin on Moonshot is categorized and shown with a bonding curve displaying its progress toward reaching the threshold of a 500 SOL market cap.

Let’s discuss the categories briefly!

• New: All meme coins on Moonshot are displayed here upon launch. However, only those that can get their bonding curve up will make it to further categories.
• Rising: Meme coins that have made a noticeable progress in their bonding curve are featured here.
• Top|Trending: This is where you’ll see meme coins that have made significant progress and are about to hit a 500 SOL market cap
• Finalized: Here, you’ll see successfully launched meme coins on Moonshot that have reached a 500 SOL market cap and are now trading on Raydium.

Now that you have know the basics, let’s discover how you can spot that meme coin on Moonshot that will make it to Raydium and potentially give you a reasonable return.

How To Spot A Profitable Meme Coin On Moonshot

Moonshot acts as a launchpad for Solana meme coins.

Your goal is to accumulate coins that could make it to Raydium and deliver a good return. Here are some strategies to help you win:

1. Avoid coins with minimal to zero bonding curve

Investing in a recently launched coin with an initial zero bonding curve can be highly rewarding if the coin gains traction.

However, it is highly risky if it never makes progress and eventually becomes dead.

Instead, target coins that only show signs of a progressive bonding curve.

These coins have shown some initial interest from traders, they could potentially make a moderate returns (around 2x) even without making it to Raydium yet.

2. Conduct your research

When you have found a promising meme coin by looking at the bonding curve, open up the chart to confirm that the ongoing transactions are genuine.

You need to ensure that the coin has a reasonable amount of transactions, volume, market cap, and number of holders, otherwise, it is a red flag.

3. Snipping bots

Consider using a snipping bot.

Meme coins move quickly, so you need a tool that can react quickly to market conditions.

Sniping bots are efficient at buying and selling coins at lightning speeds.

Once configured, they could help to scoop your desired meme coin at Moonshot at the lowest possible price and sell at the highest possible price. Find the top Solana sniping bots here.

5. Take Profit

While aiming for a 100x return, remember that most meme coins may only deliver a 2-10x increase.

To avoid making a huge mistake and unforeseen losses, consider taking profits bit by bit to secure some gains.

Final thoughts!

Right now, Dexscreener’s Moonshot is the hottest place to launch and hunt for Solana meme coins.

Within a few day of launch, most meme coin launched there has delivered impressive returns, for example, the MOONCAT and BILLY has gained by 50x and 100x respectively.

With more than 100,000 tokens launched already, Moonshot looks promising for traders who want to capitalize on Solana meme coins.

But before you dive in, keep in mind that meme coin trading is a degen game…You need to approach it with the right skills.

Also, keep in mind that Moonshot’s audits and security measures are not entirely foolproof against scams and rug pulls… Avoid scooping coins that their bonding curve shows no sign of progress.

With that said, I would love to have your feedback: What do you think about Moonshot?

Have you used it? Share your experience in the comment box.

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