NEVER Origin Story and Guide

Coin: Neversol
Ticker: NEVER
Date deployed: Thur, Feb 1, 2024

Story Behind the Meme

Never is a meme coin created as a rebellion against the typical demands and expectations in the crypto space. It symbolizes defiance, urging users to resist conformity and embrace independence. Unlike traditional projects that rely on aggressive marketing, Never takes an anti-marketing stance, advocating for critical thinking and discouraging users from blindly subscribing to social channels or rushing to buy the token. The Never community is central to these principles, promoting open discourse and encouraging members to question norms and challenge the status quo.

Built on the Solana blockchain, Never is driven by community engagement and a unique narrative. The project follows the mantra: “Never say $never and never sell $never,” reflecting its commitment to independence. With no team-held tokens, weekly distributions reward holders, while regular token burning helps maintain scarcity, supporting the coin’s deflationary model. This approach promotes sustainability and growth within the Never ecosystem.

Should NEVER Be in Your Portfolio?

Before you decide whether or not to add NEVER to your portfolio, click here to scan the contract on Solsniffer. Solsniffer is the number one blockchain intelligence tool to detect security risks on Solana. Security risk analysis on Solana has never been easier, make sure to be aware of potential DeFi wallet scams and other crypto security concerns before investing.

Considerations Before Trading NEVER :

Risk Management
Effective risk management is crucial. Assess your risk tolerance and diversify your investments to mitigate potential losses. Consider using stop-loss orders to protect against significant drops. Regularly review and adjust your strategies based on market conditions too. Automated cryptocurrency trading systems and crypto trading bots are helpful to improve your efficiency and manage risks better. Additionally, using a wallet portfolio tracker can help in monitoring your investments and other successful traders’ strategies.

Token Analysis
When you evaluate a token such as NEVER, look into NEVER’s technology, use case, and team. Review the whitepaper for their goals and roadmap. Also analyze the tokenomics, the community engagement, and use tools like Solsniffer for security assessments. While keeping an eye on crypto intelligence news, it’s also wise to check the memecoin market cap (as it affects perception and potential) and stay updated with cryptocurrency trading analysis tools to make informed decisions.

Trading Strategy
A proper trading strategy contributes to successful trading. Start with setting clear entry and exit points, allocate the specific portfolio percentage you predetermined for such opportunities, and use technical analysis to identify potential future price actions. For those who prefer automated solutions, explore platforms offering algorithmic crypto trading, copy trading, and overall smart money trading solutions and strategies.

How to Scan NEVER :

Copy the NEVER contract address: CxrhHSqyW8YTDWc4csJMMgo7uBUJSXzNzrWhtw9ULdru
Open the Solsniffer website and paste the address in the search bar.
Within seconds, a detailed analysis of NEVER on-chain data is generated.
A security score called Snifscore also ranks the project out of 100 to determine the authenticity of the project.

NEVER Tokenomics

Total Supply: 99,988,942,273
Max Supply: 99,988,942,273
Market cap: $2,529,634

Snifscore Analysis

Snifscore: 91/100
High-risk factors: One
Medium-risk factors: One
Low-risk factors: None

Summary of (5) Contract Strong Features

No scams linked to owner’s wallet
No transferability risk
No concerning metadata found
Significant portion of the LP is locked or burned
Recent user activity confirmed

Is NEVER a Scam?

Determining whether NEVER is a scam requires careful consideration and vigilance. Even if a coin has been around for a long time, the risk of a slow rug pull is ever-present, as such scams have no definitive end time and are quite difficult to detect if the fraudsters are highly competent. Historically, some coins have been tagged as scams, only to be saved by a community takeover (when members of that token community decides to take over the social media such as X and/or Telegram and actively grow the community because the original creators have left), allowing the project to survive and even thrive. Using a token scanner like Solsniffer can help identify potential red flags in a project.

Risk management is important when trading memecoins like NEVER, as memecoins are considered high-risk in general. You have to learn how to spot red flags in crypto social media, on-chain data and even with community communications from the team or its members. Pay attention to the token team transparency, if it gives regular updates, and the overall responsiveness from the development team. Look for inconsistencies or sudden changes in messaging, which can suggest potential issues. Awareness of cryptocurrencies scam patterns and rugpull crypto tactics is also important in avoiding losses. Keeping yourself updated with crypto trading signals can also provide insights into market trends and potential opportunities.

By practicing due diligence and maintaining a cautious approach, you can better navigate the risks associated with investing in NEVER and similar tokens. Always consider the best platform to buy cryptocurrency (CEX or DEX) for the best place to trade crypto.