How to Find Your Next Crypto Gems for the Bull Run
If you’re a crypto trader, you’re probably looking for the next token that will give you massive returns during the upcoming bull run. Picking the right project can make a significant difference, especially if this is your first bull run. To help you in your search, experts have shared some strategies to spot potential crypto gems that could bring in the profits you’re hoping for.
Avoid Projects With Frequent Token Unlocks
Frequent token unlocks can cause price slumps, so it’s generally considered a red flag. Additionally, be cautious of projects with very low circulating supplies as increasing supply without matching demand can lead to a price decrease.
Source: CryptoRank
Avoid Tokens Where VCs or Angels Have a Lower Entry Price Than Others
If investors’ tokens are about to unlock and the token is trading significantly higher than their entry point, there’s a possibility they will sell and dump the price. It’s best to stay away from such tokens.
3. Token Unlocks
Unlocking Token Transparency: Stay Informed with @Token_Unlocks – Unveiling Incoming Token Unlocks from Teams, VCs, and Previous Sales pic.twitter.com/5Z50gJezxn
— CILLIONAIRE.COM (@cillionaire_com) June 11, 2023
Don’t Fail to Participate in ICOs
ICOs (Initial Coin Offerings) are where new blockchain projects raise funds by issuing new tokens. While new projects are risky, they also have potential. Participating in ICOs during a bull market can allow you to acquire tokens at cheaper rates.
2017: ICOs
2018: IEOs
2019: Exchange tokens
2020: DeFi
2021: NFTs
2022: Metaverse
2023: Inscriptions
2024: Bitmaps— Daryoush.sats (@TheRealDaryoush) December 18, 2023
Check Market Caps and Compare Them With Others
Market cap is an important metric for comparing the values of different cryptocurrencies. It can reveal a cryptocurrency’s growth potential and whether it’s a risk-free investment compared to alternatives. Large-caps, mid-caps, and small-caps are the three divisions of market caps.
Beginner investors are often too price-focused, and can be misled by high or low prices
In this video, let’s learn about what #crypto market cap is, why it’s important, and how it can help you level up your analysis!
Watch the full video: https://t.co/lOJOtj9mmS pic.twitter.com/DKI7mAZWGN
— CoinGecko (@coingecko) November 14, 2022
There are three divisions of market caps: large-caps cryptos, mid-cap cryptos, and small-cap cryptos. If a market cap is too large, the potential profit may not be significant.
Select Your Tokens Based on Narratives
Tokens often surge based on their narratives. For example, DeFi coins were big winners in the last bull market. Study the narrative you believe will trend and select your crypto gems accordingly.
The next crypto bull run could make you a millionaire if you play your cards right!
Several explosive narratives have the potential to deliver life-changing 1000x gains!
Which are they?
A thread!
The name of the game is identifying and investing in the most promising… pic.twitter.com/joZiBlvh4l