How to buy cryptocurrency before it hits the market? Many crypto beginners believe that the sooner they get hold of a new crypto asset, the more they can earn. However, is this really the case? After all, in order to earn money, it is not enough to just buy something, you also need to sell it in time. Nevertheless, looking back at SHIB or DOGE, many kick themselves, thinking “if only I had bought then...” Alas. Only insiders do the right thing. So, how to find new crypto projects?
Best ways to find new cryptos to invest in
Let's look at different ways to find suitable crypto projects - from simple to complex. One thing we need to remember from the start - there is no need to chase something overly sophisticated or look for the holy grail - investments should be simple and even kind of mundane - that’s how you know you’re on the right level. If you feel an emotional uplift and hold your breath before pressing the button - it's probably not about exciting prospects, but about misunderstanding, misconceptions and false hopes (which may still prove true, though). As with any investment, the most important thing here is your restful sleep.
What is the easiest way to start investing in the crypto industry? Where to find new crypto projects? The easiest and most reliable way is to buy Bitcoin. This advice may disappoint and even anger those who intend to earn 100...00% with the help of the right token that no one has heard of yet. Well, you can do both - buy Bitcoin and that “surefire token” 50/50 (any portfolio could use some diversification), and let’s get back to this conversation in a year.
Check out crypto exchanges
Cryptocurrency exchanges are the most affordable tools for buying cryptocurrencies and tokens. Large centralized exchanges like Binance or Coinbase provide comprehensive analytics and statistics on all traded assets. Here you can find all the novelties, leaders and outsiders, use technical analysis tools, etc. Once on CEX, you will feel like an experienced spaceship pilot and at the same time a navigator - all you need is to plot a course (choose what to buy) and press Start (buy), and then turn on the autopilot and enjoy the flight.
However, not so many projects reach the stage of listing on centralized exchanges, so if you want to delve deep in muddier waters, you should turn to decentralized exchanges - there are certain pearls to be found there, for sure. However, DEX is typically less informative than CEX, which is understandable: DEX is just a transaction platform, you do not transfer your assets there, as in the case of CEX, so your funds are actually safer!
There are many services for the analysis of assets traded on decentralized exchanges. Let’s use Dexscreener and Dextools as examples. In the latter, you can find all the necessary charts along with statistics and all project information. Above the chart there are links to all the resources related to a certain crypto asset, as well as its smart contract address. This information is more than sufficient to form a clear idea about the coin and answer the question How to find promising altcoins?
Social media channels
Social networks are chock full with various channels dedicated to the crypto industry as a whole and to each specific crypto asset. Twitter, Telegram, Discord, Reddit - these are the main sources of news, but don’t think that you can easily find something important in this immense flow of information. Although social networks can often answer the question of How to find the newest crypto?, it’s still more appropriate to use them at the later stage of analyzing a particular coin, e.g., to estimate the size of the community, see what they write about, how the team communicates with subscribers, how it reacts to difficult questions, etc.
Crypto data aggregators
To evaluate the market as a whole, you can use such well-known crypto aggregators as CoinMarketCap and CoinGecko. They provide information about all conceivable tokens and cryptocurrencies, regardless of where they are traded and whether they are traded at all. Some projects publish their news here, Whitepaper, auditors' reports (if any) are always available here as well, in a word, it’s everything you need to assess before buying.
On any aggregator platform, you can create your profile and subscribe to cryptocurrencies or tokens that you are interested in, leave comments, follow the news, ratings, in short, keep abreast of what is happening here and now in the crypto world.
Watch out for initial coin offerings (ICOs)
If the question of How to find new crypto coins before release? is still haunting you, you should pay close attention to the ICO (initial coin offering). A platform such as Top ICO List can help you. However, please remember that buying coins at an ICO is one of the riskiest activities that usually involves insiders and a limited circle of initiates, simply because only they are more or less aware of the relevant project risks and prospects.
This is neither good nor bad, just ask yourself, what do you know? What will happen after you have received the coveted crypto asset as a result of this ICO, what are your next steps if this asset cannot even be sold for the time being? Is there no easier way to make money without puzzling over how to find cryptos before they launch?
Research the listings on crypto launchpads
Where to find new crypto before listing? Launching a crypto project is a great business for launchpads competing for each client. If you are still interested in how to know when new crypto is released, look at how many such platforms exist on the Internet! For instance, type “crypto launchpad rating” in the search line, and you can immediately appreciate the offered diversity. Here are just two reviews - one from Binance, which, of course, has its own version of the launchpad, and one from the HedgewithCrypto analytical platform. Monitor the listings on launchpads, and no such event will evade you!
Safety measures when trying to invest in new coins
New coins carry crippling risks, so you need to be very careful when investing in them. To assess crypto projects, you must form your own criteria - whether a coin is suitable for you or not. There may be a lot of these criteria, but they should be simple. For example: “I don't buy coins that don't have a website.”
After you select a coin, use only the smart contract address to add it to the wallet and for any other actions, since clone tokens are very common. Do not use the coin name, because there may be a dozen coins with the same name.
When buying on a decentralized exchange, pay attention to the value of “slippage tolerance.” Anything up to 0.5% is fine, but higher numbers should alert you because it indicates low liquidity or hidden fees both when buying and selling a token.
Before buying, carefully study the project website and Whitepaper. Today it is not uncommon for projects to include “development” contributions in all transactions, and they can be quite impressive, up to 20%. You think you are buying 1000 coins, but there are 800 in your wallet. You sell 800, and you get paid for 640. Decide for yourself whether working on such terms is worth it.
When communicating with tech support, always remember that it may be fake. Everyone knows that support "never writes DM" and does not ask you to enter passwords on questionable resources, nevertheless, fraud of this type is very common.
Don't believe everything on social media!
Social networks are happy to tell you how to find early crypto projects. The main message of such sources is that everything is very simple, and the so-called experts compete with raining useful tips down on you. However, most of the information on social media is like volcanic ash, which settles like snow on everything we see and prevents us from seeing the truth.
You should not completely rely on social networks when getting your own idea of a particular crypto asset, and even less on community chats, where the so-called pump is taking place at the moment: the token price, pushed up by an excited audience, grows rapidly, and the network is full of memes saying “this token will soon cost $1.” Typically everything that grows fast falls even faster, and then social networks just fall silent and publish dry statistics as if nothing had happened.
Beware of suspicious projects
To verify a crypto asset, you can use different services, e.g., Token Sniffer, however, none of them guarantee the security of a token or a cryptocurrency. Each coin has its own destiny - today it may be a successful startup, and tomorrow it will fall victim to a hacker attack or become an object of a regulator’s all-too-close attention.
Anyway, if a project seems suspicious to you in some way, don’t rush to invest money in it. There’s a solid chance that there are much less suspicious projects within reach that you can invest in. If the desire to buy a token at all costs outweighs your reasoning - limit the amount, so that losing it wouldn’t be a problem. In risky projects, the profit-risk ratio is such that even with small investments, you will be able to earn well - under favorable circumstances.
Understand your risk appetite
If your risk appetite is very high, allocate yourself a small venture capital to satisfy all your whims, and spend the rest on high-quality projects. If you love unknown coins and know how to buy unlisted cryptocurrency, then limiting risks by limiting venture capital is the only sure way not to lose.
By managing risks competently, you can easily use such platforms as Chainbroker.io or many others, in order to effectively operate with statistics, draw your own conclusions about the attractiveness of specific coins, compile a high-quality portfolio and rebalance it in time.
Social media can mislead you to believe that you are missing something important that others know, and therefore are earning less than them. However, this is an erroneous notion. You know as much as the rest,, the rest, including the big players, are no more or less wrong than you are, and most importantly, only insiders are guaranteed to earn. Therefore, our business is to limit risks, and everything else is a matter of technique.
