As a newcomer in the cryptocurrency circle, from what angles can you find those so-called 100x coins?
What are the specific executable steps or operational ideas? Next, I will briefly explain them in several aspects.
The first strategy: copy buy operation
Getting started: Very easy
Risk index: unknown (mainly don’t want to say)
Now there are some cryptocurrency bloggers/big Vs or groups that seem to be able to provide the so-called 100x password, but the prerequisite is that you need to pay a certain fee to join (of course, there is no threshold here, Brother Yu).
In short, you must always remember these two points: don’t touch if you don’t understand, and keep your capital.
Second strategy: follow-up buying
Getting started: Not difficult, but takes time and effort
Risk Index: High Risk
The tracking here mainly refers to monitoring and tracking the transactions of some whale wallets or other wallets, and then seeing what they bought and buying what you buy.
Of course, tracking purchases also requires the use of some on-chain tools, such as wallet address query tools such as Debank, Zerion, Arkham, etc.
Therefore, our key recommendation is definitely the following strategy, which is to use on-chain tools to discover new opportunities.
The third strategy: on-chain tool research
Getting started: relatively difficult, and takes time and effort
Risk Index: High Risk
If you have enough time and energy, then using on-chain tools to find and discover new opportunities (new currencies) is a better strategy. Tools commonly used in this regard include: DEX Screener
For example, using DEX Screener, you can directly filter out new tokens that have been online for less than 1 day based on market value, trading volume, etc. Although many of the new tokens are RUG projects and may return to zero at any time, the Meme Coins that you know of that have risen by hundreds or thousands of times also started from here. As shown in the figure below.
There is also a tool called DEXTools, which is similar to DEX Screener. These two tools are currently the best combination for finding new coins (garbage coins, meme coins).
The fifth strategy: market value-based discovery
Getting started: Relatively easy
Risk Index: Medium to High Risk
There are at least hundreds of thousands of tokens in the crypto market. According to the data platform coingecko, the platform has collected more than 12,000 currencies (relatively formal projects). Among them, there are 11 currencies in the top 100 by market value, accounting for 18%, namely BNB/LINK/ADA/DOGE/VET/SNX/SOL/THETA/HOT/ENJ/LUNA. Among the top 100-300 currencies by market value, there are 21 100-fold coins, accounting for 34.4%. Among the top 300-600 currencies by market value, 22 were born, accounting for 36%.
Overall, among the top 300 coins by market capitalization, there are 32 100x coins, accounting for 10.6% of the total.
Therefore, if we simply follow this template to apply to this bull market, from now on, you only need to choose from the top 300 projects in terms of current market value, and you don’t have to spend time researching the projects. You will have a 10% chance of buying a 100x coin.
In general, people with large funds and those with small funds will bear different risks. Another point is the number of positions held. Whether you are an old investor or a new investor, you should not hold too many currencies. It goes without saying that old investors are more likely to buy a lot of currencies, hoping to gain a higher probability of success through quantity. I personally think that in addition to holding BTC and ETH, you only need to hold 5 or fewer projects (tokens). Of course, this should be allocated and planned according to your own financial situation.
There is also the simplest one, the cryptocurrency circle investment, click on the homepage to follow Brother Yu, and Heyue Fresh Daily Mi Ma shares for free.
