The only skill you need?
Sorting gems from noise.
Here's how to avoid getting dumped by VCs, influencers, and devs 👇🧵
Before you start choosing a token, you should have a clear idea of what you should pay attention to:
1️⃣ The token must be from one of the strongest narratives of a cycle.
2️⃣ No major unlocks are expected in the near future.
3️⃣ Vesting plan is not "dump only" mode.
4️⃣ Project is supported by famous VCs.
5️⃣ Best influencers are on board.
① Start by selecting a token from a promising narrative:
Visit the categories section.
➬ On @coingecko: coingecko.com/en/categories
➬ On @CoinMarketCap:
coinmarketcap.com/cryptocurrency…
Choose a few tokens that pique your interest and dive into their data.
Always remember to choose the narrative first, and then the token.
If a token has alternatives, they are likely to grow alongside it, as tokens from the same sector tend to grow collectively (the concept).
Where can you find more detailed data about a token?
➬ You can check it out on @tokenterminal: tokenterminal.com
This tool is like a Bloomberg terminal, but for the crypto.
Token Terminal stands as an innovative platform that gathers extensive financial data from on-chain DeFi protocols and dApps.
② Analyze the emission of a token and unlocks:
➬ Visit @Token_Unlocks: token.unlocks.app
There are some tokens on the market with continuous unlocking which can flood the market, doubling the supply in just 6 months.
If you ask me, I would avoid holding such a token when there might be alternatives without constant sell pressure.
③ Check the vesting schedule:
➬ For this purpose, use @DefiLlama or @Token_Unlocks
Your main task here is to ensure you won't face sudden sell-offs from VCs, influencers, and devs.
④ Evaluate the VCs behind a project:
➬ You can use @crunchbase / @Crypto_Dealflow / @CryptoRank_io
Good VCs can help a lot, while bad ones will simply dump everything on you.
Focus on tokens that have secured investments from top-tier VCs such as @paradigm, @BinanceLabs, and others.
⑤ Lastly, evaluate the influencers behind a project.
➬ Check out @ReflectionCrypto
Examine the influencers and VCs following the project account.
This will give you an idea of who might be secretly supporting the project in the early stages.
If you found this thread helpful, don't forget to:
➬ Follow me @ReflectionCrypto for more.
➬ Like/Comment/Repost the quote below if you can