There is no shortage of great opportunities in the cryptocurrency universe. As crazy as it may seem! Sometimes in less than a day, you can see your initial investment multiply by 10 and without even using leveraged products. The cryptocurrency just made 10 times on the market in a relatively short period of time. A question arises: How to find your promising cryptocurrencies?
Before presenting you the tips to discover the cryptocurrencies that will make X10 in a period of time, it is important to make yourself the average profile of their types of cryptocurrencies. They are usually a symbolic meme, of infinitely small price, supported by a large community on the networks that tries to convince other users to invest in them. Driven by the network effect, crypto rises on the stock market, but soon after its gains may fade.
This does not prevent cryptocurrencies with utility values from rapidly progressing in the stock market through their own fundamentals. Generally, these cryptocurrencies are viable in the future. You can always check out our top 5 monthly cryptocurrencies under $ 1 to see a few.
So put it in your head! If you can find these cryptos, you should be aware that you are investing in them for the short term for quick profits. That said, you should only invest the part of your savings that you are willing to lose. Besides these cryptocurrencies can rise, they can also fall at the same rate.
1- Know the introduction date (ICO) of the token
How to find the promising crypto if you do not know the launch date of the token in the market. It is good to specify that the launch date of the project is very different from that of your (Initial Coin Offering). The project’s ICO actually marks the period through which investors can acquire the token or coin on an exchange or an over-the-counter (OTC) market.
To get an idea of the new tokens that will appear on the market, you should consult data aggregators such as Coinmarketcap, Coingecko, Messari, etc … To compare their sites, the best way to find the next ICO is Coinmarketcap. It is simple ! Go to the “calendar” option on the site, then choose “ICO Calendar”. It’s always good to see the performance of ICOs launched not too long ago. You will find them under the “recently added” option. The (Top Winner / Loser) section on Cointelegraph can also be a good source for finding your cryptocurrencies.
You can check out the encryption media or the exchanges (brokers) web pages or blog as not all cryptos are listed on Coinmarketcap or other data aggregators. A fairly simple example: DeFi Coin manufactured X10 long before it was listed on Coingecko.
Here are some ICOs that will be launched in the next few days:
- Antex => in 7 hours
- Set Finance (FINA) => to 21 hours
- Dare NFT => in 1 day
A recently listed crypto that X10 has already made is InfinitUP, its price is up 4840%. It is available in PancakeSwap (V2).
2-The price must be less than $ 1
This is a big part of searching for cryptocurrencies that will allow you to make a lot of money pretty quickly. There is a psychological and technical logic behind this method. When the price of a cryptocurrency is not too expensive, we want to buy it because we know that if it goes up to even a dollar, we will make a fortune. Imagine that a hundred people do this thinking at the same time and end up buying this cryptocurrency. The price will increase rapidly and even with low investment volumes.
On the other hand, this logic does not prevail for a young crypto whose price is above $ 1. It would take large volumes of investment and many people buying crypto during that same period. Which is not always easy for a crypto that has just been launched on the market.
3- Check your projects on social networks
When these projects are young enough, the crypto media doesn’t talk much about them. To know these you have to search on social networks. For example, updates, partnerships, and listings on an exchange are often posted on the project’s official Twitter page. After that, you can still see user 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. So it’s always good to see the behavior of Reddit users in relation to the project. Do they approve of the crypto you are looking to invest in? Facebook, Instagram and others are also other complementary supports.
Social media is very important because it is usually a simple ad that generates enthusiasm. And now, the project grows exponentially in record time.
4- Open an account in a DEX
These cryptos are not necessarily listed on well-known brokers like Binance, Coinbase, or Kraken. They are available from liquidity providers such as PancakeSwap or Uniswap, who generally “trade” tokens configured in a crypto wallet. Issuing cryptocurrencies on DEX is much more advantageous and less expensive for the creators of the project than other centralized brokers.
InfinitUP whose price is skyrocketing right now is only available on PancakeSwap. This is also the case for many other new projects launched on the market. Furthermore, 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 you set? What are the strengths of the project? Is it calling to last? Questions that will allow you to categorize the project and see if it can really grow over a period of time. We told you in the introduction: a project may not be viable in the long term but it manages to reach X10 in a certain period.
Therefore, it is very important to understand the mechanism behind each crypto that has been targeted. Afterwards, you can see what are the factors that will allow this crypto to grow rapidly.
Let’s take an example: Baby Dogecoin, the crypto that claims to be the worthy heir to the Doge. First, we can see that it is a symbolic meme that unfortunately has no intrinsic value. For this crypto to grow, it must find support. For his case, a tweet from Elon Musk sent him sky high.
Therefore, knowing and understanding cryptocurrencies gives you an in-depth idea of the factors that can promote this “bomb.”
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