In every cycle, altcoins create new millionaires/multimillionaires:
➜ $SOL：71x
➜ $KAS：326x
➜ $MATIC：103x
➜ $FTM：230x
I have previously compiled an article on how to pick hidden gems with 100x potential, which only targets projects that have already been listed for trading.
Today, let’s explore how to discover early-stage projects with the potential to be the next 1000x. Compared with the secondary market, primary market projects are more forward-looking and have greater risks and opportunities.
❶ How to find and trade the right crypto narrative:
In today’s crypto space, narrative is extremely important.
Changing trends can significantly impact market sentiment, prices and project success.
If you want to analyze popular narratives, rely on Х and DuneAnalytics
Visit: dune.com/cryptokoryo/narratives
With this tool, you can easily stay up to date with the latest trends and track their performance.
❷ How to deal with tokenless projects:
New tokenless projects often experience rapid growth, which can make early identification challenging.
Some of these projects may not have received venture capital yet or may still be undisclosed at this stage.
I try to gather as much information as possible by asking the following questions:
• Who is on the project team?
• Do they have experience working for a reputable company?
• What information is written in the project documents?
• How will they launch and distribute tokens?
• Is there an active marketing campaign?
• Who are the supporters of this project?
……
Try to ask as many questions as possible and find answers to each one.
❸ How to analyze venture capital (financing and attribution):
Don't simply chase the latest news or certain people's opinions online.
Try to focus on understanding where your major investments are going.
I personally use the following platforms:
Dropstab_com: Your premier cryptocurrency aggregator. Access exclusive market analysis, funding data, and easily create, share, and track portfolios.
CryptoRank_io: Leading crypto industry research and analytics platform providing insights on fundraising deals, token sales, unlocks, fund portfolios and launchpad ROI.
Crunchbase: Find and close deals with an all-in-one prospecting solution powered by the leader in private company data.
Crypto_Dealflow: Understand the latest cryptocurrency funding.
You can analyze the hype around a narrative by focusing on the key VC funds involved in the project.
Here are some of the top and most influential funds in the cryptocurrency space:
➜ Paradigm
➜ BinanceLabs
➜ Multicoincap
➜ OKX_Ventures
➜ A16zcrypto
➜ Animocabrands
➜ DWFLabs
➜ TheSpartanGroup
➜ Hashed_official
❹ Attend meetings and events (online/on-site):
It was very beneficial to learn about different conferences and talks.
This practice can give you a competitive advantage in the crypto space, as conferences often provide new insights.
To demonstrate the power of conferences, we can look to the recent rise of the RWA sector.
We can anticipate this trend by following Larry Fink’s insights from the summit, where he stressed that tokenization is the way forward.
Shortly after the summit, a new tokenized fund was launched.
As a result, the RWA sector token surged.
For example: In late March, the Nvidia AI conference was held.
CEO Jensen Huang showcased many fascinating developments in the field of artificial intelligence that hold great promise for the future.
His speeches have inspired numerous AI projects.
❺ How to find Gem Hunter:
I'm using Alphaquestio to perform this task:
➜ Go to: alphaquest.io
➜ Register
➜ Visit the "Alpha Hunters" section
➜ Follow people you like
Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.
Finally, it is crucial to have a strategy before making any purchases, and never invest all of your money.
I hope this topic is helpful to you. 🙏Thank you for your likes and support👍