Investing in Successful Memecoin Spinoffs

Shiba, Wif No Hat and Solymander are succesful community based tokens, from a quick glance at their charts it can look like their success came right out of nowhere and was purely luck, but these tokens piggybacked on their predecessors and they have a few key elements in common and in this article I will discuss the idea of quality spinoffs of well established memetokens

Good spinoffs are not always popping up as the trend changes quite rapidly but from time to time you might see a derivative of pepe or wif or of a range of well established memecoins, these can be quite lucrative but you have to be bold and get in and out of these fast. I spotted SHIBA inu at 10 million MC and wanted to pull the trigger and put $100 in but decided not to due to excessive uniswap fees of $25 but I have grown to get over this because there are always more opportunities out there. For example WIF was a well established meme and had been for over a year, I saw Dog Wif No Hat, Ticker - WIF NO HAT, and knew it had a good chance of performing well and pulled the trigger, why?

-Was not overcomplicated

-Trendy original spinoff idea

-less than a day old so few eyeballs had seen it yet

This lead to the token quickly going from around 600k marketcap to a 30 million dollar marketcap within a few days (50x)

Many spinoffs of established tokens will pop up from time to time but in order to be a candidate for purchase they must fulfil the following criteria

1 - LOCKED AND BURNT LP

This is an important one, if this is not met this is likely a rug pull

2 - LP LOCKED IS GREATER THAN 15% OF THE MARKETCAP

If the LP is too low there is little incentive for the team to not just cash in and leave the project

3 SPINOFF HAS GOOD NAME AND HAS NOT BEEN DONE BEFORE

Check the spinoff has a name which makes you think its funny and has a comical way of being the large well established token's little brother

4 TWITTER PAGE AND OPEN TELEGRAM

Twitter page must

-Not be more than a couple months old

-Have a few posts in the days and weeks leading up to launch

-Have launch announcements before the token was launched

Telegram page must

-Be open

-Have a team which communicates with eachother and knows what is going on

5 NEW

This token must be very new as if you get in late on these sort of high volume spinoff tokens there will likely be an 80% dip at some point so you want to make sure you get in early enough so that even after this dip you are still well in profit, mitigating your risk levels

6 DO NOT OVER- INVEST

Many of these tokens will pop up and you have to make sure that you haven't been fully wiped out so that you do not lose the opportunity to invest in future ones, if you see a good one, make sure that you can outlast at least 4 or 5 complete losses in a row, as this specific category you only need one winner for every 10 losers and can still be profitable

I hope you can make some great profits, remember to be responsible. This is not financial advice and only some shared ideas from my experience, so make sure you manage risk accordingly and do your own research, happy meme hunting bite sizers!