How to find the best altcoins
By Yuriy Bishko Updated November 15, 2022
The value of Bitcoin at the time of writing is already more than $ 65,000, and the capitalization is $ 1.2 trillion. With such a huge amount, it is difficult to make 2-3 times your capital. Most newbies and investors who enter the cryptocurrency market are well aware of this, so they are looking to find altcoins with a small capitalization and the opportunity to earn 10x or more.
- How to find the best altcoins?
- Which altcoins have the highest potential?
- How to find altcoins before they spike etc.
In this article, we will tell you how to find the cheapest altcoins with big potential. You will know what are the right altcoins and what are the best altcoins. We are sure that with this knowledge you will be able to find 100x altcoins or even 1000x altcoins.
How to analyze altcoins?
In general, traders use technical analysis (chart analysis), and on its basis decide whether to buy a particular altcoin. But there is also a fundamental analysis (project and product analysis). Most traders or investors use only one type of analysis, but in our opinion, in order to get the best result you need to use these two types of analysis in symbiosis.
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What indicators of technical analysis should be used to choose coins?
Another good example of a Matic coin, the accumulation is 280 days. Accumulation breakout and growth of 6400%. There is the biggest effect if the project is with a small capitalization and long accumulation.
The market has always had the best time to buy after large-scale surrenders.
For example, for the last large-scale correction, positions were liquidated by $ 3.7 billion, after which altcoins grew by 300-1000% over the next 3-4 months.
Buying at important levels
Another criterion by which you can choose coins, buying at important levels.
The power equal depends on the timeframe, the older the timeframe the stronger the level. And also on the number of tests.
Purchase after breakout of trading patterns
A good example is the TWT chart. During the protracted correction, the price formed a falling wedge. It was a good opportunity to buy, as there was a correction of 80% + a figure in the senior timeframe + a strong fundamental project with a real product.
What indicators of fundamental analysis should be used to choose coins?
At the first stage it is very important to examine the coin:
- find a site
- get acquainted with the product or the purpose of the project (investigate how important and necessary this development is, what problem the project solves, whether it improves already existing models)
- analyze competitors (perhaps there is already a project that presented such an innovation)
- view the team (if there are famous people from the investment, cryptocurrency or innovation sector among the team members - this is a big plus)
- explore what already successful projects have been implemented by team members.
The next step is to check:
- see whitepaper
- see road maps and project goals
- find out when new products or updates are released
- also a huge plus when the project has a real product already in use. A good example: Binance (exchange), FTX (exchange), TWT (cryptocurrency wallet) and others.
And the last, no less important step, to check the activity of the project:
- see social networks (how actively accounts on Facebook, Twitter, redit, Instagram, etc. are developing)
- telegram page, one of the most important sources of information, see the correspondence of participants, administrators.
- what is the mood in the community, what are the expectations in the near future
By the way, we recently prepared an article about promising coins with great potential, go and see which coins we selected.
Most newbies make the same mistakes from the start when buying coins at market peaks, at the time of maximum hype around the project, at a time when big players are selling. With this guide you can easily find projects with a potential of 10x - 100x.
How to start making money on crypto?
Investing is the easiest and safest way to make money in the crypto market. In recent years, investors have been able to increase their deposit from $1,000 or $10,000 by 10-20 times simply by buying Bitcoin and altcoins with the highest growth potential at the right period of time.
If you want to learn how to find altcoins with the highest growth potential and know when to buy them to make money, we have created a special guide just for you - 3 RULES TO FIND ALTCOINS WITH 10X GROWTH POTENTIAL. Follow this link and get it for FREE!