Since the launch of Bitcoin in 2009, the crypto industry has experienced a massive inflow of money.
Today, the sector is worth over a trillion dollars, with thousands of viable projects to pick. While Bitcoin remains the leader in market cap, thousands of other crypto projects have seen their value creep up quickly after they went live. Everyone can be part of a successful project if they time their entry properly. This guide will briefly examine the best ways on how to find new crypto projects primed for success.
Use CoinMarketCap and Other Crypto Aggregators
One of the best ways to find new crypto projects is to use a crypto data aggregator. The leader in this area remains CoinMarketCap. On the platform, there is a special section for New Cryptocurrencies. The section collects and displays data on new crypto projects. Some of the data displayed included the price, market cap, trading volume, and a link to the projects. This service can help you get a brief overview of new projects to determine whether you should invest in them. Another platform that offers a similar service is CoinGecko.
Exchange Listings
Leading exchanges like Binance and CoinBase are another great source of information on new crypto projects. The exchanges will often send out email updates to their users on planned listings. You can find information on newly listed coins by visiting their blogs or subscribing to their newsletters. Better still, you can create a free account for better access to this type of information.
The benefit of exchange listings is that the exchange itself will conduct some basic vetting of a project. However, you should still conduct an in-depth analysis of your own to determine whether the crypto project is worth your investment.
Social Media Trends
A great place to find new projects is to subscribe to social media channels on YouTube, Twitter, Telegram, and others that are crypto-friendly. On X, formerly Twitter, you can search for specific hashtags and topics on crypto.
Follow influencers and developers in the crypto space on these social media channels to remain up-to-date on the sector. You can also set up notifications for certain keywords to ensure you find new crypto projects before they take off. As usual, always conduct your own research once you find a new and interesting project.
Check ICO and Airdrop Sites
Another great way to identify new crypto projects is to check sites that list new airdrops and ICOs. These sites will often contain information on the project, including funding goals, the founding team, the whitepaper, and more. Parse the information you find until you can identify a project worth your time.
Check Crypto Launchpads
Crypto Launchpads are platforms that help developers raise capital for a project idea. Before listing, a Launchpad will conduct some basic due diligence. As such, it is less likely to be a pump-and-dump scheme. Even then, you should proceed with caution when picking a project.
NFT Marketplaces
Many crypto projects today launch with an NFT to raise interest. Using an NFT marketplace, you can navigate to a section on new NFT collections to find new projects. NFTs are quite valuable; some have seen their value skyrocket after the initial launch.
DeFi Platforms
Besides centralized exchanges, you can use decentralized finance platforms like PancakeSwap, Aave, and Uniswap to find new crypto projects. On these platforms, anyone can launch their native token without going through a third party. New projects are launched on DEXs almost daily.
Pick the Right Option for You
Always proceed with caution when you identify a new and trending crypto project. Pick a good project that is best suited to your needs. Remember that the more risky you take, the higher the reward. New coins are usually risky as they are still untested. Happy hunting!
Disclaimer: This website provides information about cryptocurrency and stock market investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for educational and informational purposes only. The owner of this website is not a registered investment advisor and does not offer investment advice. You, the reader / viewer, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.