There is no shortage of great opportunities in the world of cryptocurrencies. Crazy as it may seem! From time to time, in less than a day, you can see your initial investment multiply by 10 and without even using leveraged products. Crypto has just made 10 times in the market in a relatively short period of time. A question arises: How to find your promising cryptos?
Before presenting you with the tips to discover the cryptos that will make X10 in a period of time, it is important to make you the average profile of its types of cryptos. They are usually a token meme, of an infinitely small price, supported by a large community on the networks who are trying to convince other users to invest in them. Propelled by the network effect, crypto rises on the stock market but soon after, its gains can fade.
This does not prevent that there are cryptos with utility stocks that are progressing rapidly on the stock market through its own fundamentals. Generally, these cryptos are viable in the future. You can always check out our top 5 monthly cryptos under a dollar to see a few.
- Top 5 cryptos for less than one euro
So, put it in your head! If you manage to find these cryptos, you should keep in mind that you are investing in them from a short-term perspective in order to make quick gains. That said, you should only invest the portion of your savings that you are willing to lose. As well as these cryptos can rise, they can also fall at the same rate.1- Know the date of the introduction (ICO) of the token
How to find the promising crypto if we do not know the date of the launch of the token on the market. It is good to specify the date of the launch of the project is very different from that of its (Initial Coin Offering). The project’s ICO actually marks the period through which investors can acquire the token or coin in an exchange or over-the-counter (OTC).
To get an idea of the new tokens that will appear on the market, you must consult data aggregators like Coinmarketcap, Coingecko, Messari, etc… To compare its sites, the best to find the next ICOs is Coinmarketcap. It’s simple! You go to the “calendar” option on the site, and then you choose “ICO Calendar”. It is always good to look at the performance of ICOs launched not too long. You can find them in the “recently added” option. The section (Top winner/loser) on Cointelegraph can also be a good source to find your cryptos.
You can check crypto media or web or blog pages of exchanges (brokers) as not all cryptos are listed on Coinmarketcap or other data aggregators. A fairly simple example: DeFi Coin made X10 long before its listing on Coingecko.
Here are some ICOs that will be launched in the coming days:
- Antex => in 7 hours
- Defina Finance (FINA) => in 21 hours
- Dare NFT => in 1 day
A crypto listed recently that has already made X10 is InfinitUP, its price is up 4840%. It is available on PancakeSwap (V2).2-The price must be less than $1
This is a pretty important element to find cryptos that will make you a lot of money pretty quickly. There is a psychological and technical logic behind this method. When the price of a crypto is not too expensive, we want to buy it because we know if it increases towards even a dollar, we will make a fortune. Imagine that a hundred people are doing this thinking at the same time and end up buying this crypto. The price will increase rapidly and even with low volumes of investments.
On the other hand, this logic does not prevail for a young crypto whose price is higher than 1 dollar. It would take large volumes of investment and a lot of people buying crypto over that same period. This is not always easy for a crypto freshly launched on the market.3- Consult your projects on social networks
When these projects are young enough, crypto specialized media do not talk much about them. To find out about them, you have to look on social networks. For example, updates, partnerships, listings on an Exchange are often announced on the official page of the project on Twitter. After that, you can always look at users’ comments and tweets about the project.
You can always join the project’s Telegram Channel to get the latest information about the project directly from its leaders. Then, it’s always good to see how Reddit users behave in relation to the project. Do they approve of the crypto you are looking to invest? Facebook, Instagram and others are also other complementary media.
Social networks are very important because usually it is a simple announcement that creates the runaway. And that’s it, the project grows exponentially in record time.4- Open an account on a DEX
These cryptos are not necessarily listed on known brokers like Binance, Coinbase or Kraken. They are available on liquidity providers like PancakeSwap or Uniswap which usually “swap” tokens configured on a crypto wallet. Issuing cryptos on DEXs is much more advantageous and less expensive for the creators of the project than other centralized brokers.
InfinitUP whose price is exploding at the moment is only available on PancakeSwap. This is also the case for many other new projects launched on the market. In addition, it should also be noted that Binance sometimes offers good opportunities through its Binance Launchpad program.5- Analyze targeted projects
Who is behind the project? What goals have they set for themselves? What are the strengths of the project? Is it called to last? Questions that will allow you to categorize the project and see if it can really grow in a period of time. As we told you in the introduction: a project may not be viable in the long term yet it manages to make X10 in a given period.
So, it is very important to understand the mechanism behind each crypto that you have targeted. After that, you will be able to see what are the factors that will allow this crypto to grow quickly.
Let’s take an example: Baby Dogecoin, the crypto that claims to be the worthy heir of the Doge. First, we can see that it is a token meme that unfortunately has no intrinsic value. For this crypto to increase, it must find a support. In his case, a tweet from Elon Musk sent him into the clouds.
So, knowing and understanding crypto gives you an in-depth idea of the factors that can favor this “pump”.