How to find new cryptocurrencies and methods to review their potential

It is quite difficult to find valid and promising new investment opportunities. Let’s do the research, define its whereabouts and learn about important steps before buying.

Whereabouts

It can be difficult to find a valid cryptocurrency. There are a lot of problems with identifying the truthful description and honest opinion about a new coin. Moreover, the social media and the internet itself has a lot of scummers. However, there are still some valid ways to find a cryptocurrency. First of all, let’s review the places of potential coin whereabouts.

Exchanges

At the top of the list we have a cryptocurrency exchange. This is a very reliable source of a potential coin. It usually creates a list of new coins. To see a more complete perspective you need to register an account - it will provide a full list of new coins in a database.

Data aggregators

It is a pretty much collector of the necessary information about new crypto. For example, CoinGecko. This data aggregator gathers and views a list of new coins, its valuations, market capacity and the amount of trading with them. Such tool can provide you with the opinions of other market players, which can give you a wider picture of the chosen cryptocurrency.

Social media

This source is quite sensitive to all changes. Moreover, social media is quite operative and fast with the information whatsoever.For instance, X which is very quick to respond in the USA. A lot of coin creators post important information about their crypto. One more helping tool in X is an alert for keywords or phrases which can provide you with a well-timed intel about the necessary coin.

Cryptocurrency news websites

It is another fast way to gain information about a new cryptocurrency. Despite that, you should be aware of the possible misleading – it is a news website, after all. Some of them can be promoted blindly. That’s why you need to gather more intel about the promising investment opportunity and fulfill the research by yourself.

Cryptocurrency forums

This is another efficient source of information. You can find useful information and then discuss it with other investors. Some valid arguments from an investor can help you to choose wisely. The wide choice of opinions on forums can help you to improve the whole understanding of the coin.

The choice & research

There are a lot of different factors which are applied in the discovery process. Let’s take a look at them because of the impact it has on the result.

Cases usage

Market is very rich with all the different projects. If it is usable enough – it will be carried through the competition.The uniqueness of the project is a key factor to keep the demand in it and hold the valuation on a stable level. Offering solutions to world-wide real problems also attracts the project.All-in-all, its usage should be clearly explained: operations with blockchain, definition of needs, opening new possibilities. All of it you can usually find in official documents.

Roadmap

It is pretty much the plan of a project. Roadmap includes all targets and ways to reach them: key milestones, the direction of development. If it is created wisely and detailed well enough, a roadmap can give you all sorts of necessary information. This provides the possible results in the future: will it develop and be sustainable enough.

Worth

To understand and grade a project’s valuation you need to acknowledge the technical side of its usage:

1. Learning the technology itself.
2. Discover the improvement of current solutions, if it is actually more efficient.

If it is interesting, useful and valuable enough, a project’s recognition probability will increase. Impact of this increase has a direct importance for success.

Tokenomics

Tokenomics is an estimated list of the token’s distribution. It includes:

1. The amount of tokens, which will be held by founders and advisors.
2. The amount of it on the market platform for the traders and basic users.
3. Treasury’s capacity.
4. Definition of the token’s type: deflationary/inflationary and limited/unlimited.

Lock-up period

It is a time period which is described as a lock-up because of the founder’s agreement to lock up their own tokens. The duration of this event creates more faith in the project: if it is a long-term period, it will improve the people’s confidence in the distant future.

Social virality and project’s community engagement

Social has a tremendous impact on the market’s situation, especially with cryptocurrency. There are several cases of the immense coin’s growth which are based on people’s engagement to the project. Dogecoin is a perfect example: people had a direct influence on the coin’s valuation and adoption. In conclusion, the support and information distribution attract new people to the project.

Liquidity

Token’s trading volume should be high enough. It means that whenever you want to sell or buy a coin - you can do it fast. Observe the liquidity and enter the market at the right time, if it is desired. All-in-all, it can just be a scam. Other people’s activity will guide you in the observation.

Search & buying before listing

Finding a new coin before listing could be difficult, but there are several options which can help and improve the result of this search.

New tokens on the blockchain

Let’s review all of the possible ways to find new cryptocurrencies on the blockchain:

1. Block explorers. It is an instrument of tracking all blocks and transactions. It works with a specific blockchain, which gives you a very detailed look on the blockchain’s events.
2. DEX data aggregators. It is another instrument of tracking the coin’s activity, but this an observation for the other trader’s activity. Calculating the overall interest of people can provide you the data which help you to choose: continue to discover a new cryptocurrency or it is not worth your time.
3. DeFi portfolio trackers. A very efficient way to learn about successful trader’s activity throughout the market. It is used with the same intel as block explorers. Moreover, the gathered intel is given in a much more comprehensible way than in block explorers. In addition, it supports different blockchain platforms, which is a straight advantage. This means you can track the chosen trader’s moves in multiple fields of action.
4. Blockchain analytic platforms. The more specific queries, deep analysis - that’s what these platforms can deliver. For instance, Dune Analytics. People can follow the requested query and display the gathered intel with charts. Although, it can be difficult to digest the tool. But after some research you can discover dashboards, which can make your life easier and help with a search for potentially profitable projects.

Research decentralized wallets and exchanges

There are certain ways to buy new coins before listing on exchanges. The solution is a decentralized exchange (DEX). It is useful because of the smart contract’s system which provides you the trading ability without the necessity of trusting the exchange keeping your coins safe.Moreover, DEX is wide open for everybody who wants to list cryptocurrency. All you need is a sustainable liquidity. Another advantage of DEX is the speed. You can list a coin right after the creation, because there is simply no approval process to face with.Although, it has both sides. The observed DEX can be overflowed with weak tokens, which would not pass the approval protocols in centralized exchanges which could be a real problem. The other side of the story: you still can find new coins before they gain popularity on a major exchange.Decentralized wallet is a great addition to a DEX, if you search for new tokens. These wallets are non-custodial, as well as DEX.

Participation in crypto presales

One more way to buy a new coin is to participate in presales. It provides you with an ability to buy a token before the launching. There are two types of presales: public and private.

There is a small chance that you have access to a private presale, if you are not a famous investor.

There are several platforms which provide you with opportunities of participation in public presale. This type of sale is overflown with a huge variety of new coins. The decision should be precise and smart enough.Main thing you need to remember is that you have more chances to lose money than gain. Keep that in mind and discover a new cryptocurrency in most possible ways before buying.Anyway, you can take part in presales which provide better tokens, but you will need to complete a «know your customer» process to enter the event.

Take part in launchpads and launchpools

There is an opportunity to buy or earn new coins and it is founders and exchanges who can provide you with that. There are two types of platforms:

1. Launchpad. It is a coin sale platform, provided by exchange. People usually are permitted to enter if they have a big enough amount of the cryptocurrency exchange’s native token. The participants can buy new tokens at a certain price which is predetermined before the listing.
2. Launchpool. It is a staking platform, provided by exchange. It works simple enough: you stake the existing coin and gain a new one.

Both of these platforms occur right before the listing.

Find crypto airdrops

One more way to gain new tokens before the listing is an airdrop. This is, basically, a giveaway event, which usually occurs because of promotion or a providing a fair distribution.If you want to find such an event, crypto airdrop listing sites exist to track these events. You can also find an airdrop by using decentralized finance protocols. In that case, such protocols just haven’t released their own token. Decentralized finance projects create a «retroactive airdrop» which is based on giving coins to certain people who interacted with the protocol previously. It is not guaranteed, but still an opportunity.

Crypto wallet’s transaction history can also help you gain the information about potential airdrops which is based on your own eligibility.

All-in-all, airdrop is not a gold mine. Most of the time you will get small amounts of coins which are usually not as profitable as desired.

Follow the news and communities

We shouldn’t forget about valid news sites. They can provide you with latest updates in cryptocurrencies and indicate to you new tokens and the coins which have a great possible rise in the future, but not yet accepted by the worldwide community.And the crypto communities, of course. These are libraries with helpful information. People, who are not sure and gather more intel, can find a lot of missing pieces to the puzzle and make a decision. Investors should monitor a lot of social communities to catch the necessary information, but it would be profitable in the future.

FAQ

The newest coins

A whole wave of new cryptocurrencies enters the market every day. Here are the latest updates on the 25th of November: GM Everyday (GM), RWA Inc. (RWA), WIzard (WIZ), Matrixgold DOX (XAUM).

Which one will be the best in the future

There is no strict answer to this question. The best cryptocurrency for yourself is the one that fits all the criterias, which apply during the trading.

Buying before listing

There are several ways to buy a crypto before listing:

1. Crypto presales.
2. Launchpads.
3. Launchpools.
4. Be part of the airdrop.
5. DEX.

Where to find new crypto projects before listing

Here is the list of potential sources of new crypto projects:

1. The blockchain.
2. News and communities.
3. DEX.

You can find other good sources.