Try Moralis Money yourself for free in the interactive widget down below, and maybe you’ll be the one to find new meme coins before they break out in the current memecoin season! Add one of our preset filters, or create a custom search query to target specific coins you’re after.
With the Moralis Money Pro plan, you’ll get narrower timeframes (daily and hourly) for all filters. As a result, you’ll be able to track meme coins in real time and find new tokens when they are about to break out!
What is Memecoin Season?
The term ”season” in a cryptocurrency context generally refers to a period when a type of cryptocurrency or market trend is experiencing increased interest and activity. For instance, ”altcoin season” refers to a period where alternative cryptocurrencies (altcoins) perform well in the market compared to established currencies like Bitcoin.
This is quite similar to more conventional terms like ”bull season,” referencing a period of rising prices and optimistic market sentiment. Or ”bear season,” referring to a period of falling prices and pessimistic market sentiment.
”Memecoin season,” on the other hand, is a relatively new term. This term refers to a time period where meme coins or other cryptocurrencies with strong social media presence are experiencing increased activity and a surge in popularity.
During a memecoin season, meme coins can experience extraordinary gains as the surrounding communities hype and promote them online. A great example of the latest memecoin season was in 2021 when Dogecoin saw massage surges in value. At roughly the same time, other prominent coins like Shiba Inu also saw significant gains as investors hopped on the memecoin craze.
With a better understanding of what a memecoin season is, let’s explore the intricacies of meme coins to understand this even better!
What are Meme Coins?
”Meme coin” is a crypto term for popular tokens supported by an online community of followers and traders. These coins are generally associated with popular memes, such as Doge, PEPE, Chad, etc. While meme coins can be fun and sometimes result in significant gains, they are considered a risky investment. This is mainly because they have little to no intrinsic value.
Unlike Ethereum and other utility cryptocurrencies, meme coins are mostly trading instruments. As such, their price is based exclusively on the value put on them by their respective communities.
So, why do people purchase meme coins?
Some people purchase meme coins as they consider them fun. Others are in it just for the money. Moreover, meme coins have seen incredible gains during past memecoin seasons, and there are many success stories of ”meme coin millionaires.”
Nevertheless, let’s look at some examples of meme coins that have experienced great price rallies in 2023!
Prominent Meme Coins of 2023
In the past month, the market has seen some interesting and lucrative meme coins surge in price. In this section, we’ll look at three prominent examples:
- PEPE token
- WOJAK token
- Chad Coin
So, without further ado, let’s start with PEPE!
Unless you’ve been living under a rock, odds are you’ve heard of the PEPE token. The PEPE token has seen incredible gains this year and is one of the best-performing meme coins of 2023.
Three weeks ago, on April 17th, PEPE traded at just $0.00000002764. Three days ago, it reached an all-time high of $0.000004354. That’s an incredible increase of almost 16,000% percent:
You can read more about the PEPE token here.
The WOJAK token is another well-performing meme coin in 2023. It has seen some incredible gains in the past month. About three weeks ago, it was trading at an all-time low of $0.0000488. Three days ago, it peaked at $0.001084. This is a price increase of about 2,200%:
Read more about the WOJAK token here.
The last memecoin example is Chad Coin, which has also performed well in the past month. About three weeks ago, Chad Coin was trading at just $0.00000157. A couple of weeks later, it was selling for $0.00002523. This is an incredible price rally of just above 1,600%:
Learn more about Chad Coin here.
Nevertheless, PEPE, WOJAK, and Chad Coin are only three examples of meme coins that have been receiving a lot of attention lately. That said, there’s no guarantee they’ll continue in the same direction.
Do you want to learn how to find new meme coins before everyone else during the next memecoin season?
If so, join us in the next section! As we dive into this, we’ll explore the three main challenges stopping people from trading successfully during a memecoin season.
Three Challenges for Trading Crypto During Memecoin Season
In crypto trading, there are generally three challenges stopping people from finding tokens before they explode during a memecoin season:
- Fear of missing out (FOMO)
- Time constraints
- Cryptocurrency scams
Let’s break down each challenge to better understand why they pose issues for crypto traders trying to find new meme coins!
Fear of Missing Out (FOMO)
The cryptocurrency market is highly volatile, and coins can see huge price spikes over the course of hours and days. This can seem daunting; however, this also presents excellent opportunities for gains and is why meme coin and altcoin gems can easily pump 100x and even 1000x!
But, the potential for extraordinary profit is also why traders struggle with FOMO. The fear of missing these opportunities drives people to trade emotionally. As a result, they purchase coins based on the hype. At this point, it’s often too late – people buy at the top, only to see their assets fall shortly after.
Crypto never sleeps, and without proper crypto analysis tools and systems, it’s generally a full-time job. With high market volatility, opportunities come and go in the blink of an eye. If traders don’t stay in front of their screens, they’ll most likely miss them. Consequently, time constraints are significant factors stopping people from becoming successful crypto traders.
The cryptocurrency market is relatively new, and bad-faith actors will always seek to exploit vulnerabilities. For this reason, it’s not uncommon for traders to fall for rug pulls, exit scams, and other cryptocurrency scams.
So, what’s the best way for crypto traders to avoid FOMO, time constraints, and crypto scams during a memecoin season? Well, the solution to these challenges is Moralis Money!
Moralis Money Explained – How to Easily Find New Meme Coins During Memecoin Season
Through irrefutable, unbiased, real-time, on-chain data, Moralis Money serves you true market alpha. With this tool, you can effortlessly read the latest market activity and find new meme coins before everyone else during a memecoin season.
Moralis Money has three central features designed to help you avoid the issues above:
- Token Explorer – With Token Explorer, you can apply custom filters to find new meme coins before they break out. With the ability to find new crypto coins before everyone else, you’ll be able to leverage the opportunities of the next memecoin season and never again have to FOMO into buying a token.
- Token Alerts – The Token Alerts feature lets you set up email alerts based on your custom filters. As such, with Token Alerts, you’ll never again miss an opportunity. And you’ll even be able to find new meme coins when not actively looking.
- Token Shield – Token Shield provides a security evaluation of each coin. With this, you can easily distinguish between scams and real opportunities.
Also, before continuing, check out the Moralis Money Pro plan. With the Pro plan, you get more narrow timeframes for all metrics, can save more search queries, get access to Token Alerts, and much more.
As of now, you can also get Moralis Money Pro at a discount. Once Bitcoin hits $40k, the price will increase. But if you take the opportunity now, we’ll honor today’s price as long as you stay subscribed.
Now, let’s explore Moralis Money’s three main features to see how this trading indicator helps you avoid FOMO, time constraints, and scams!
Find New Meme Coins with Token Explorer
With Token Alerts, you can effortlessly find new meme coins and take advantage of the next memecoin season to the fullest. So, let’s show you how it works!
With Token Explorer, you have two options:
- Preset Filters – Moralis Money features premade filters. As such, for a quick start, launch Token Explorer, scroll down, and select one of the built-in alternatives:
- Custom Filters – Your second option is to combine various metrics to create your own custom search query. This is one of the most powerful features, allowing you to target specific coins you’re after. Let’s show you an example:
Step 1: Add the Coin Age metric to find coins minted within the past 30 days to find fresh coins:
Step 2: Let’s combine the query above with the Market Cap and Experienced Buyers metrics. In doing so, we can find coins with growth potential that are getting increased attention from other buyers:
Step 3: Narrow your query even more by adding more filters!
Also, supercharge Token Explorer by subscribing to the Moralis Money Pro plan. In doing so, you get more narrow timeframes (weekly, daily, and hourly) for all metrics:
At this moment in time, you can even get the Pro plan at a discount. When Bitcoin reaches $40k, we’ll increase the price. But if you take the opportunity today, we’ll honor the original price you got in at for as long as you stay subscribed!
Get Real-Time Updates for New Meme Coins with Token Alerts
With Token Alerts, you can save your custom search queries and set up email notifications to find new meme coins in real-time.
First, save your custom search query:
Next, go to the home screen by clicking on the Moralis Money logo at the top left. From there, hit the bell button for the query in question and follow the remainder of the steps:
When you set up an alert, you’ll now receive real-time updates when new meme coins emerge based on your filters!
Note: Token Alerts is a Moralis Money Pro feature. As such, if you’d like to find new meme coins when you’re not in front of your screen, take this opportunity to subscribe to the Moralis Money Pro plan.
Dodge Scams with Token Shield
Lastly, with Token Shield, you can now dodge cryptocurrency scams like never before. Look for the shield symbol, and you get a straightforward security evaluation of each coin:
The number indicated on each shield symbol is the coin’s DEXT score. The DEXT score is a measure the confidence in a project. It is calculated using several factors like liquidity, social factors, holders, etc. The highest score is 99, and the lowest is one. As such, the closer to 99, the less likely it is that a project is a scam.
To learn more about the DEXT score, you can click one of the shield symbols, and you’ll be redirected to the following page:
Summary – How to Find New Meme Coins During Memecoin Season
Memecoin season refers to a period when meme coins are experiencing increased interest. In the past month, where prominent meme coins like PEPE, WOJAK, CHAD, etc., have surged in price, it looks like we’re heading towards the next memecoin season.
Moralis Money leverages on-chain data to supply users with true market alpha. As such, by becoming a Moralis Money user, you’ll be able to find new meme coins before they explode.
Moralis Money has three features specially designed to combat the challenges associated with FOMO, time constraints, and cryptocurrency scams:
- Token Explorer
- Token Alerts
- Token Shield
What’s more, did you know you can supercharge these features with the Moralis Money Pro plan? By becoming a Pro user, you get narrower timeframes (weekly, daily, and hourly), access to Token Alerts, can save more search queries, and much more.
Also, before Bitcoin hits $40k, you can subscribe to the Moralis Money Pro plan at a discount!
Another route toward financial freedom is to become a Moralis Money affiliate. Moralis Money features the most attractive Web3 affiliate program in the industry. If you’d like to learn more about this, check out our guide on how to start affiliate marketing with no money.