Memecoins can be risky but are currently the most likely option to get a 100x return or more.A memecoin with a strong community and unique identity around a meme have better survival chances.Token distribution, number of token holders, volume and liquidity of a memecoin are important factors to consider.DEX Screener is a tool that lists many new memecoins with liquidity and trading data which can help identify the most recent launches.Investors should use caution and do their research before investing in memecoins.Passing Token Sniffer and RugCheck is not the only criteria to ensure a memecoin is safe.Memes have a good audience engagement which can push memecoins to popularity heights.Trading costs for memecoins are near to nothing for low-cost Layer 1 and Layer 2 chains like Solana, Sui, or Arbitrum respectively.DEX Screener is not the only memecoin hunting tool, see if you can find information on fundamentals as well.Be early, identify the most recent launches as they can potentially turn $100 into $1 million in only a few days' time.