The first step of researching any token is checking if it is safe, as outlined above.
Once you've done your safety checks, you can move on to analyzing.
Socials: Any decent token should have some active social media presence on Telegram or Twitter. This shows there is effort from the developers, and helps to gather community around the token.
Example: The highly successful Twitter account of the $FARTCOIN token
Market cap: There is no "safe" market cap in memecoins, but the lower the market cap is the more risk you take on. With a small market cap there is a higher chance that there are a couple of small holders who have a large concentration of the supply, causing the coin to be more volatile.
Rugcheck : Rugcheck is a good website to check if the token is healthy (worth to buy) or not. This will help you screen for the essentials like Mint Authority, Freeze Authority and LP Burnt that we discussed at the start of this page.
Example: The Rugcheck.xyz website which will give you important info on coins.
