Remember when a meme coin dubbed PEPE delivered an insane return of over 350,000% to early investors in the heat of a bear market?

It’s quite remarkable! But when you stop and think about it, how on earth did these investors actually stumble upon this coin before it went through the charts?

Well, in this post, you will discover how to use Dex Screener, a DEx (decentralized exchange) analytical tool to find moonshot coins before they explode.

You will love this. LFG!

Post Summary

• What Is Dex Screener?
• Walking You Through Dex Screener
• How To Find Moonshot (100X) Coins From Dex Screener

What Is Dex Screener?

As the name suggests, it is an analytical tool for decentralised exchanges.

The Dex Screener, as a rule, gathers information on the activities taking place on various decentralised exchanges across multiple blockchains.

It then offers consolidated data encompassing market cap, liquidity, transaction volumes, security checks, and more for all token pairs traded on these DExs.

Dex Screener is a powerful tool because it not only aids traders in uncovering moonshot coins (which we’ll explore shortly) but also equips them with advanced charting tools for conducting technical analysis

Let’s continue below!

Walking You Through Dex Screener

When you first visit Dex Screener, you might feel a bit puzzled. Here, I intend to guide you through its features so you won’t feel lost.

On the left side of the screen, you’ll find the following menu displayed:

1. Search 

The search button simplifies the process of quickly finding all the pairs associated with a specific token.

Simply search for a token by its name or contract address, and an array of all its pairs ranked by liquidity along with Dexs where they can be traded will display.

2. Watchlist

With the Watchlist, you can effortlessly keep track of the performance of token pairs that pique your interest.

3. Alerts

Within this menu, you can conveniently view all set alerts at a glance.

Note that you cannot set an alert directly from this menu. 

Here’s what you need to do if you wish to set an alert for a specific token pair:

• Open the trading pair you are interested in and click the “Alert” option.
• Input your desired target price and set the necessary parameters as indicated on the screen.
• Click on “Create Alert” to save your alert.

The alert you set gets recorded in the “Alert” menu, and you get notified in due time.

4. Multicharts

This section will allow you to monitor up to 16 trading pair charts of interest at a glance without visiting individual trading pair interfaces. Cool!

5. New Pair

This displays all newly listed trading pairs and can be filtered by networks and DEXes of interest.

Additionally, it provides useful information about the pairs, including age, number of buys and sells, volume, liquidity, and a lot more.

It is a great tool because it offers DeFi degens insights that allow them to capitalise on a potentially profitable newly listed coin.

6. Gainers & Losers

With its aptly fitting name, it lets you filter between the top gainers and losers-trading pairs at the moment.

7. Trends

Within this tab, you can see the trading pairs that are gaining traction either due to their sudden price increase or decrease and the platforms where they can be traded.

Lastly, below these menus, you’ll find a list of more than 50 supported blockchains

By clicking on each blockchain, you can explore the activities of the DEXes built on it.

Everything seems to be clicking now, right? It gets more interesting as you continue below.

How To Find Moonshot (100X) Coins From Dex Screener

To embark on your quest for 100X coins using Dex Screener, either watch the video below or follow the steps below it.

Step 1: Set your Parameters

• Visit Dex Screener and click on “Rank & Filter”

• A customization box displays. Set your parameters by filling in the boxes.

Here are a few of the parameters that are necessary to set:

(a) Click on “All Platforms” and choose popular networks that pique your interest, e.g., Ethereum, BSC, Solana, and Arbitrum, then click “Save.”

This allows you to narrow your focus to more profitable blockchains.

(b) Set the liquidity and FDV by entering a relatively low amount, typically ranging from $3000 to $5000.

This is recommended because tokens with lower liquidity offer a higher potential for achieving a 100X return since they require less capital to move the price upwards.

Click on “Apply” after setting your parameters.

Step 1: Conduct Security checks.

Once you have defined your parameters, the trading pair view will be instantly customised. Browse through the list of displayed trading pairs and click on the one that catches your attention.

For this tutorial, we opened the PCOIN/WBNB pair, which was created merely 24 hours ago at the time of writing this post. To ensure you make a well-informed trade, here is what you need to do:

• Begin by analysing the chart, then check for the number of buys and sells; this is to verify that the pair has genuine traders.

• Scroll down and click on the drop-down icon next to the “Go+security” tab to check for any security concerns associated with the token.

• Click on “More,” and it will open up token analytic websites where you can conduct further research about the coin’s safety.

If the coin is not a honeypot, there are no major security concerns, and you feel comfortable taking the risk, you can go ahead and trade it.

• Click on the trade tap that shows the exchange where it is traded, and it will open the DEx widget. Proceed to buy the coin by connecting the wallet where you have your funds.

Finally, sell when you are at a profit. Continue below.

Disclaimer:

You need to understand that this is a Degen play.

It is advisable to take your profit as soon as you are in profit. Also, do not buy with the intention of hodling for the long term.

The reason is that most of the tokens were only created for short-term profit (pump and dump).

Additionally, there is no guarantee you will make a profit dabbling in these tokens, even when they do not exhibit any security threats. Moreover, only invest the money you can afford to lose.

Note that this article was written for educational purposes and not as financial advice.

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In addition, if you have further questions, feel free to put them in the comment box, and I will respond.

Read this Before you go!

Bybit is your go-to exchange!

It is one of the world’s largest crypto exchanges, with more than 10 million users.

Startup with Bybit by doing the following:

• Sign up with Bybit using this link
  • Verify your account by following the steps here
• Fund your account via P2P

Then go ahead to enjoy the services of the Bybit exchange.

Hurry… there’s a $30,000 deposit reward for new users. I’m sure you don’t.