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Be ready to become the first crypto millionaire in your family. I did it, and I know you can do it, too.
Because in this article, I will teach you the formula that made me found the next 100X crypto.
First of all, if you think Bitcoin can make you rich, then you need to think twice.
Bitcoin is best for rich people trying to get richer—people who only need 5-10X to make a ridiculous amount of money.
So unless you have millions of $$$ to play with BTC, I suggest that you look beyond the top cryptocurrencies in the market.
The thing is, if you first heard a coin from your friend, then you are already late, especially if it’s already listed on major exchanges like Binance, Coinbase, or Kraken.
So how exactly do you find the next big thing in crypto? How to get ahead of the 99% who are also trying hard to find the next 100X?
Well, this article is going to be your guide to do exactly just that.
Altcoins Are the Key
Altcoins (alternative coins) refer to all cryptocurrencies other than Bitcoin. The term came from the fact that they are alternatives to Bitcoin.
What’s more is that they are the key to finding the next 100X.
But before I go any further about altcoins, please keep in mind that the crypto market is very risky.
Don’t buy crypto without a proper risk management, you can literally lose all of your money.
So make sure that before you buy any crypto, know these shocking truths first.
How to Be Early in Altcoins
To get ahead with everyone, you must be early in altcoins.
You don’t wait around for a Binance or Coinbase listing because most likely, you will just be an exit liquidity by those people who took the risks and bought early.
CoinMarketCap
CoinMarketCap is a good place to find altcoins. Here, you can see the new cryptocurrencies in the market.
My favorite feature here is the Leaderboard. You will know the best altcoins and from there, you can study what makes them the top gainer.
By doing this, you will develop a pattern in your mind on what to look for to find the next big crypto.
DEX Screener
This tool allows you to analyze the latest cryptocurrencies across blockchain networks before they appear in CoinMarketCap. It aggregates information from various DEXes and presents it in an intuitive interface.
On DEX Screnner, you can sort the data you want to see easily. For example, you can filter the blockchain you want and the trading pairs according to the criteria that you have set including the trading volume, liquidity, number of transactions, market cap, fully diluted valuation (FDV), pair age, and price change.
DexTools
Dextools is similar to DEX Screener. However, the main difference in my opinion is that allegedly you can pay-to-trend in Dextools.
This image above shows an example of a crypto project that is planning to pay Dextools to show their token as one of the trading altcoins in the platform.
So have your pick between the two. Nevertheless, you must always exercise due dilligence and do not rely solely on what this tool is trying to promote.
Telegram and Discord
You can also join TG and Discord groups to find the next 100X altcoin. They call this kind of community “alpha groups” but be very careful in buying what they are promoting.
There are a lot of paid shillers infiltrating these groups and the last think you want is to buy something you cannot sell, in the case of honeypots, or buy something that might seem going up for a moment, only to see it crash at the bottom a few hours later.
How to Get the Coins Once You Find Them
Okay, so you found the coin that you want but what now? How will you actually get them?
Here are three methods:
Buying On-Chain
First on the list is buying them on-chain. To do this, you need to create a non-custodial wallet like Metamask, Phantom, or Trust Wallet and a decentralized exchange (DEX) to get started.
Remember, if it’s a new altcoin, you can never buy it on big centralized exchanges (CEXs) like Binance or Coinbase.
Listing on major exchanges actually tends to mark the local tops for most altcoins, so be extra cautious when buying them.
FOMO is the last thing you want to feel when certain coins get mainstream recognition, as this will only trap you into being the exit liquidity.
Participating in Token Pre-Sales
You can also participate in the pre-sales. This usually happens in crypto launchpads like DAO Maker, BSCpad, or Seedify.
Token pre-sales usually require you to act as an angel investor, and in return, you can purchase the soon-to-be-released crypto at its lowest price.
However, you must always do your own research (DYOR) and be prepared for the risks involved. While you can be early in these crypto projects, you might lose everything if they fail to launch it, or worse if they didn’t launch at all.
Airdrop Farming
This is perhaps the best, cheapest, and risk-free way to be early in the next 100X coin. Why? Because in airdrop farming, you don’t need to spend a dime.
What you only need is patience and time to follow the instructions required to participate in the airdrop event.
The only issue I have with this method is that you can’t always secure enough volume to make you rich.
So yes, you can be early with airdrop farming but if the total value that you got is $100, even if we multiply it 100X, it’s not enough to make generational wealth.
Finding the Next 100X Crypto: What to Look For
Spotting altcoins early is not enough. Your pick should be pretty good. Not all cryptocurrencies are created equal.
In fact, according to Ripple CEO Brad Garlinghouse, 99% of all cryptocurrencies will “probably go to zero.”
So to increase your chances of finding the 1% that will make it, here are some important things you need to look for.
Statistics
How many active users do they have on the platform? Are they making any money? Do they have enough cash flow or funding to run the project even in a bear market?
How many token holders do they have? How big is their market capitalization? Do they have enough liquidity? How is the platform spending?
Ideally, these statistics should be trending upwards particularly in a bull market. If they are going down already, then be extra careful.
The Team
Who are the people behind the crypto project? Do they have the necessary background and skills to build something great?
Are they doxxed or anonymous? How were their previous products or projects?
Nevertheless, it’s hard to quantify. Sometimes it’s pure guesswork.
The team can be known in the field and has good credentials but still fail to drive token price.
They can also be totally anonymous and still deliver exceptional work that makes a lot of people crazy rich.
Token Supply and Unlock Schedule
Who has the token supply and when is more coming to the market? Does the unlock schedule actually align with a long-term vision? Multi-year time frames for investors and teams are what you want to see.
Investors
Speaking of investors, while VCs do not have a perfect track record in terms of picking the best winners, they do tend to at least back relatively legitimate projects the vast majority of the time.
Token Use Case
What the heck does the token actually do? Does it actually have a purpose? Governance tokens tend to be some of the weakest use cases. What you really want is a use case for the token that’s going to provide viral potential for price gains.
Working Product
Something else that’s also nice to see when looking at a coin you want to buy is well an actual working product.
Tips for Increasing Your Chances of Success
Be Ready to Fail
Be ready to fail many times. In spite of your best efforts, things can and will definitely go wrong.
Airdrop rewards are going to suck, DeFi farms are going to disappoint you, you’ll lose money on them, that on-chain gem you found and bought early is going to go to zero. It’s happened to all of us.
Learn from the mistakes, grow, and become better at the game constantly.
Take Profit
Take profit or the market will take them for you. Nothing you see on screen will be real until you click the sell button, absolutely nothing.
This is in many ways the hardest thing for most investors to do. Many can and do all the above things, everything we just talked about, they find the good entry on the good coin, but then far too many people screw it up by never clicking the sell button.
Rebalance Your Portfolio
Inevitably you’re going to buy duds. Cut them, get rid of them, say goodbye, and add to your winners. Look, inevitably some random coin you bought is going to pump like crazy too and what was 1% of your portfolio will become 20% of your portfolio in just a few days.
Take profits on that, do it mercilessly. Rotate back to safer plays in your portfolio. Take money out of the market even, right?
Get those positions back down to reasonable levels where you feel comfortable holding them. This is about risk management. You’ve got to manage your risk in this market.
Get Money Out of the Market
I love crypto balls deep, but let’s keep it real here. Hacks happen, crazy stuff happens, platforms collapse. The next bear market will not be victimless. It’ll be riddled with people losing everything.
Keep long-term holds on a hardware wallet, something like Bitcoin. Keep stablecoins somewhere safe, again, hardware wallet, to buy on that day when your timeline looks borderline suicidal and when fear and depression reign, when there’s blood in the streets, everybody’s saying it’s over, crypto’s never coming back. That’s the day you buy.
Any extra money beyond the purposes required for doing that, get it out of the market. Buy yourself something nice, buy some stocks, buy a house, live your life, come back in a year or two after the crash starts, buy the blood, do it all again. Good luck.
