How to discover the next 10x or 100x cryptocurrency?

1. Study the project's fundamentals

To find the next 10x or 100x cryptocurrency, you must first examine the project's fundamentals. This includes:

Team background: Does the core team have extensive experience and a successful history? Are there well-known technical experts and industry leaders involved? Technical innovation: Does the project's technology solve real problems and is it innovative? Does it possess superior technology compared to competitors? Ecosystem development: Is the project's ecosystem well-developed? Are there real application scenarios? Is it collaborating with industry mainstream? White paper and roadmap: Carefully read the project's white paper to understand its goals, technical architecture, development plans, etc. If the project has a clear roadmap and concrete execution plan, it indicates a greater growth potential.

2. Community support and participation

A successful crypto project usually has a strong and active community. Community support often means whether the project's future can gain widespread application and acceptance. You can examine the community in the following ways:

Social media: What is the project's attention and activity level on social platforms like Twitter, Telegram, Reddit, etc.? Is user discussion continuously growing? GitHub repository: Does the project have ongoing code updates? The activity level of technical development is an important indicator of the project's future development. Investors and partners: Has the project received support from well-known investment institutions? Are there collaborations with large enterprises or organizations?

3. Market demand and application scenarios

Real value comes from actual demand and application. You need to assess whether the project meets actual market demand and can play a role in specific industries or scenarios. For example:

Are there application scenarios in fields like DeFi, NFT, Metaverse, etc., that have long-term growth potential? Can it solve pain points in existing blockchain systems, such as transaction speed, low cost, privacy protection, etc.?

4. Liquidity and exchange support

If a project lacks sufficient liquidity, even if it has excellent technology, it will be difficult to gain market recognition. Pay attention to the project's exchange listings:

Is it listed on mainstream exchanges (such as Binance, Coinbase, etc.)? How is the project's liquidity? Are there enough market participants?