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Dexscreener: What is it and How to Use Moonshot

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Disclaimer. This review of the DEX Screener platform is provided for informational purposes only and does not constitute financial advice or a recommendation for action. ATAS is not affiliated with DEX Screener and does not advertise DEX Screener services. Use the information in this review at your own discretion. Trading cryptocurrencies and other digital assets involves a high level of risk. ATAS is not responsible for any financial losses that may result from using the information provided in this review.

WHAT IS DEXSCREENER?

✓ DEX (Decentralized Exchange) — a decentralized exchange where users can trade cryptocurrencies directly with each other without intermediaries.

✓ Screener on financial markets — a tool for searching and filtering financial assets based on various criteria such as price, price change, or trading volume.

✓ DEX Screener — a platform for tracking and analyzing data on predominantly lesser-known tokens on various decentralized exchanges (DEX) in real-time.

On the DEX Screener homepage, the most trending tokens for the last 6 hours are displayed by default. They are sorted based on the Dexscreener Trending Score, a metric calculated by the platform based on market activity and mentions of a specific token on social media.

The algorithm for calculating the Trending Score is kept confidential, but it is known that the following factors are taken into account:

  • Trading volumes, liquidity, number of transactions, and unique holders;
  • User interest in the token on the app and on the project’s official pages;
  • Project security.

Example. At the time of writing this review, the token GBEAR was at the top of the DEX Screener Trending Score list.

Over 190% in 8 hours? Impressive.

A large bearish candle on the right side of the chart suggests that a major token holder (or several holders) has decided to take profits from a previous purchase.

Will this lead to a mass sell-off? Let’s see what the price will be by the end of this review—keep reading to find out!

HOW DEX SCREENER WORKS

DEX Screener obtains the necessary data directly from tracked blockchains as well as from open resources like CoinGecko.

The information collected from these sources is used for ranking lists and building charts. All data is processed automatically in real-time, without human intervention.

To start using DEX Screener, you need to:

  1. Go to the official website;
  2. Alternatively, install and launch the app from Google Play (screenshot below) or the App Store.

For additional features, you can use Telegram, where you can:

  • Set up a bot for price alerts;
  • Track trending tokens in the Dexscreener Trending channel;
  • Use other official DEX Screener resources available in the messenger.

The Dexscreener logo is an icon featuring an eagle. This symbol is associated with a high-level overview and attention to detail, which aligns with the platform’s objectives of monitoring and analyzing data on decentralized exchanges (DEX).

USING DEXSCREENER

Have you ever wished you could go back a few years and buy Bitcoin, even with leverage? This chart from the ATAS platform, which stores tick history data on its servers, shows how Bitcoin trading unfolded in early 2020.

How great would it have been to buy Bitcoin on the breakout of a resistance level (1) during a surge of positive delta growth? Now, you can purchase tokens right after their launch. DEX Screener is perfect for those looking to find the ‘next 100x token’ and acquire it earlier than others. However, the value of such assets is not comparable to Bitcoin.

Dexscreener is suitable for:

  • Traders: for monitoring tokens with high growth potential and analyzing market activity.
  • Developers: for analyzing market data and researching tokens on various blockchains.
  • Marketers: for promoting a new crypto project and creating/maintaining demand for its tokens.

HOW DOES DEX SCREENER MAKE MONEY?

Sources of income include:

  1. Platform Advertising: Interestingly, while writing this review, there was an ad for a crypto-casino, which helps better understand the target audience of DEX Screen.
  2. Token Launch Services (Dexscreen Moonshot): More details below.
  3. Boost Package Sales: This package allows you to increase the Trending Score value for your token. To avoid discrediting the Trending Score, such tokens are marked with a lightning bolt.

DEXSCREENER OVERVIEW

The DEX Screener platform offers the following features:

  • Filters for token search based on specified criteria.

The filter setup button is located to the right above the list.

You can refine your search based on:

  • Parameters: such as market capitalization (min/max), liquidity (min/max), token age, and others.
  • Blockchain: As seen in the screenshots, most tokens listed on DEX Screener operate on the Solana blockchain, which offers a straightforward process for launching new meme tokens.
  • DEX: For example, you can filter tokens based on their availability on a specific exchange.

Dexscreener Watchlist

To add a token of interest to the watchlist (users can create multiple lists), you need to:

  1. Go to the Watchlist section;
  2. Find the token through the search field;
  3. Click on the star icon.

Alternatively, click on the Watchlist star icon on the panel to the right of the chart (indicated by number 1 below).

Dexscreener Alerts

To receive a notification when the current token price reaches your specified value, click on the bell icon (Alert) on the panel to the right of the chart (marked as number 2 above).

Dexscreener Charts

A significant advantage of DEX Screener is that it allows you to work with the price chart of the token you are interested in.

Advantages of DEX Screener Charts:

  • You can create multiple tabs.
  • Up to 16 charts can be displayed on a single tab (to add a chart, click the plus button).
  • Standard technical analysis operations can be performed on the charts: selecting timeframes, adding indicators.

Disadvantages of DEX Screener Charts:

  • You cannot add useful indicators to the chart. For example, indicators available in the ATAS platform, such as DOM Levels, Depth of Market, Volume Profile, Delta, and others.

Advantages of DEX Screener Charts:

  • You can create tabs.
  • Each tab can hold up to 16 charts (to add a chart, click the plus button).
  • Standard technical analysis operations can be performed on the charts, such as selecting timeframes and adding indicators.

Disadvantages of DEX Screener Charts:

  • It is not possible to add valuable indicators to the chart. For example, those available in the ATAS platform, such as DOM Levels, Depth of Market, Volume Profile, Delta, and others.

In the screenshot above, you can see that the MILLI token appeared on the screener just 4 minutes after its launch.

Gainers / Losers

The Gainers and Losers screener can be quite overwhelming.

The screenshot above shows that the token with the best growth was FIGHT on the Solana blockchain, with its price increasing by Two Million Percent (!) in 24 hours. Hypothetically, this means a $100 investment could turn into 2 million dollars.

The tokens following FIGHT showed gains of “only” a few hundred thousand percent in a day.

DEXSCREEN MOONSHOT

Moonshot Dexscreen is a dedicated section where you can launch your own token on the Solana blockchain.

The launch is carried out in collaboration with DEXs like Meteora and Raydium, using pre-developed audited smart contract templates.

The cost of launching is 0.02 SOL.

It’s quite simple: just enter the ticker, add a description, icon, and links to official social media — it’s very straightforward, even for beginners. The launch takes only a few minutes.

Dexscreen Moonshot Features:

  • When you launch a token on Moonshot, users can trade it by connecting their wallets directly to Dexscreen.
  • If the launched token gains traction and its market cap exceeds 432 SOL (approximately $50,000), the token will migrate to a DEX like Meteora or Raydium (depending on the settings made during the launch).

HOW TO USE DEXSCREENER TO MAKE MONEY WITH CRYPTO

When evaluating the potential to earn on DEX Screener, it’s important to be realistic:

  • On one hand, you have a real chance to make 100x if you discover and buy a token that is “going to the moon” early and then sell it successfully.
  • On the other hand, most tokens are “meme tokens” and lack intrinsic value, making them highly risky for investment.

Crypto Earning Strategies on DEX Screener Offer Several Approaches:

Buying Trending Tokens

To do this, you should focus on tokens with the highest Trending Score values.

  • Pros: You can track the Trending Score over different time periods.
  • Cons: A high Trending Score does not guarantee profits.

Buying Recently Launched Tokens

For this, the DEX Screener New Pairs feature is used.

  • Pros: There is a chance to become an early holder of a promising token.
  • Cons: The token may start to lose value immediately after launch.

Using Technical Analysis

For example, you can buy tokens on the breakout of a previous resistance level or based on other signals.

  • Pros: More opportunities for planning trades and finding the best entry points.
  • Cons: Subjectivity associated with technical analysis patterns.

Combined Approaches

You can develop your own trading strategy for purchasing promising tokens, combining:

  • DEX Screener Trending Score
  • Technical Analysis
  • Fundamental Analysis (evaluation of official resources, links to which are available on DEX Screener)
  • Additional tools like Alerts, Watchlist, Gainers list, and others.

But no matter which strategy you choose for earning on DEX Screener, always be prepared for the fact that a token, which is in trend and astonishing with 6400% growth in 12 minutes, can suddenly change its trend direction.

The chart above shows the price of the Walking Dog (ADOG/SOL) token.

HOW TO BUY AND SELL TOKENS THROUGH DEX SCREENER

To do this, you need to connect a supported wallet to DEX Screener, such as Phantom. The wallet should have cryptocurrency that will be used for trading tokens.

How to Buy Tokens on DEX Screener:

  1. Choose the token you want to buy, for example, the newly launched token Refused To Die (ticker MIRACLE on Moonshot).
  2. Then, on the right side of the chart, specify the amount (default is 0.1 SOL) and click “Buy.”

The “Buy” button will change to “Processing” (1). A wallet will then open where you need to confirm the purchase (2) and pay for it in Solana (SOL).

After that, the tokens will be credited to your wallet.

Can you set a limit order? No. DEX Screener lacks essential tools for traders, such as different types of orders (1), protective strategies (2), real-time depth of market analysis (3), and many other features that are available in ATAS.

Hypothetically, a meme token you find on DEX Screener could be listed on a well-known cryptocurrency exchange and then appear on ATAS. However, given the quality of such tokens, the likelihood of listing is extremely low.

How to Sell Tokens on DEX Screener:

You need to do almost the same thing. Instead of “Buy,” select and click “Sell,” specifying the number of tokens (for example, 100%) you want to sell (in this example, 565,000 Miracle tokens).

The “Sell” button will change to “Processing” — and in the opened wallet, you will need to confirm the sale by clicking “Confirm.”

This way, the tokens previously purchased on DEX Screener will be converted back into SOL.

HOW MUCH CAN YOU EARN ON DEX SCREENER

During a demonstration buy and sell of the Miracle token for this review, DEX Screener managed to earn almost $3 in just a few minutes.

Meanwhile, top traders in Dexscreener Top Traders were able to make hundreds of dollars on the Miracle token, as shown in the Top Traders tab.

In the Balance column, you can see that many traders have completely exited their positions. This is likely due to a strategy involving short-term holding of a newly released “hot” token that is in a growing trend.

FAQ

What is Dexscreener?

Dexscreener is a platform for tracking and analyzing trading data on decentralized exchanges (DEX) in real-time. It is focused on lesser-known tokens, primarily meme tokens, and provides information about trends, prices, trading volumes, and other metrics. The platform primarily covers tokens issued on the Solana blockchain.

How to use Dexscreener?

To use Dexscreener, you need to analyze the available data for all tokens, select the token of interest, and then connect your crypto wallet for purchasing.

Is Dexscreener safe?

Dexscreener itself is safe for data analysis. However, when connecting your wallet, it is important to follow general security guidelines.

Can you use Dexscreener API?

Yes. Detailed instructions can be found on the official website.

What does x100 mean in crypto trading?

In crypto trading, x100 means that the asset’s value has increased 100 times compared to its initial price. For example, if you bought a cryptocurrency for $1 and its price grew to $100, that is a x100 increase, which corresponds to a 10,000% profit. You can find many such examples on the Dexscreener platform.

What is Dexscreener Solana?

Solana is a blockchain where it is very easy to launch your own meme token. Dexscreener is a service where you can track, trade, and launch such tokens.

BT

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