Aurox, Sandbox and Mana are all recent examples of coins that have experienced insane levels of growth in a rapid period – and unless you are a very early adopter, you’ve probably already missed the pump. Of course, no crypto investor wants to miss the rocketship to the moon – fortunately, there are a few ways you can find coins that are primed for a pump before the balloon bursts, and in this article, we will take you through some of the best methods!
By the time a coin lists on a major exchange such as Binance or Coinbase, it's typically already enjoyed early astronomical gains, from fractions of a cent to potentially closing in on dollar value – but that’s far from the first time you could have been trading the asset.
ICO searches are typically your first port of call. ICO stands for Initial Coin Offering – and is a way for token entrepreneurs to gain early investors.
There are several ways you can find ICO’s.
- First and foremost, CoinMarketCap lists a large array of upcoming ICO’s, breaking down the planned funds that each coin aims to raise and which stage in the funding cycle they have reached.
- Several other ICO specific websites exist, including ICO Hotlist, ICO Drops and ICO Hunter.
- Another early detection tool is Token Sniffer. Token Sniffer conducts somewhat of an audit on literally every cryptocurrency contract that is filled out.
As part of the website, Token Sniffer includes ‘Newest Tokens’ and ‘Trending Tokens’ featured on its website. Looking at these two lists, you can identify newly minted contracts and cryptos that are beginning to pick up traction from search engines, social media sites, and decentralised exchange trading. Assessing a token using tokensniffer can also provide insight into whether it would be a good investment or potentially a scam
NOW'S also no point identifying a project with potential without being able to buy into it – and this is where decentralised exchanges come into play. While some ICO’s will allow direct purchase of their tokens through fiat currency on their website, most will be hosted on some decentralised exchange.
Some of the most popular exchanges are pancakeswap, uniswap and sushiswap. These will allow you to buy all sorts of burgeoning tokens – but also don’t underestimate the power of Poocoin, whilst the name suggests nothing but there’s hidden gems galore here and its charts are incredibly useful – an area where it has a leg up on Pancakeswap for example.
You can view candles, fibananci sequences and buy and sell orders to gain a grasp of previous performance and the likely future performance of a token. Poocoin listed tokens are typically fractions of a cent, and with the ability to assess prior performance plus the ability to view the dev wallet and total holders, there’s a tonne of information you can utilise to track coins early.
And lastly, if you’ve done your research but have entered into it a little too late, don’t fret. There’s still a huge difference between a mainstream centralised exchange and those that are emerging. Gate.io and MEXC have thousands of listed coins between them and often feature the coins many months before they get to big players such as Coinbase and Binance.
Jasmy is a great recent example of this. It’s been available on both platforms for several months at this point and upon the announcement of a Binance listing, the token soared 50% of its value within a matter of hours on the MEXC platform. Those now trying to get in on the action on binance will be presented with the new sitting price. So if you want to stop missing out on those early gains, and more importantly potentially find the next 100 times or even 1000 times token – don’t rely on dodgy youtubers, or pay for hire twitter accounts – utilise some of the instruments we have described above and most importantly do your own research!
How to find crypto gems before they moon?