Regardless of where you’re at on your path into crypto, I think one thing that we can all agree on is that finding good projects, or so-called “Crypto Gems”, early is the key to long-term success and building life-changing wealth.
How To RESEARCH 100x Cryptocurrency Coins/ Crypto Gems
CoinGecko is a price-tracking website, and along with tracking prices, it has a slew of other crypto stats like volume, ranking, and, more specifically, recently added projects. And after you create an account, you can create a watch list.
So what is to be done is to go in and look at the projects that have recently been added that have a sufficient and decent volume of over 1 million dollars. We’ll star it, and that will be a good starting point to see if we want to analyze it even further. Some categories that I really like right now are NFTs, metaverse, and masternodes. And from here, you can sort by volume, market cap, circulating supply, and the list goes on.
You just want to make sure that some volumes are there because, without volume, price, or anything else is pretty much irrelevant. The project needs to have good liquidity and good volume to make sense to invest in.
And as I said, Twitter is one of the other places I love to research. So I found some gems on Twitter.
The two main ways that I use Twitter is my hashtag research. So I’ll just plug in a hashtag, and an example would be “NFT,” “Masternode,” or “metaverse.” And that’s a great way to populate some great crypto projects or crypto gems.
And another great way to do Twitter research is to use an external site called whotwi. And what you can do is plug into some crypto influencers in there and see who they are following. Once you plug in the user or even one of your favorite projects’ user IDs, you can see what projects they are following or interacting with, which is a great place to start.
The last and probably most straightforward way I use Twitter is just to see what influencers are posting about. It’s usually more real-time than posting YouTube videos. So it’s a great way to stay ahead of the curve.
Another site that I love to use in this discovery phase is CryptocurrencyAlerting.com. This tells you all of the coins that are coming up on exchanges in real-time. I want to know this because usually, there’s some barrier to entry of crypto projects or crypto gems entering on exchanges that could be monetary. Certain audits need to be done, and I want to see what projects those are. So that’s a great place to start as well.
And the last two sites to close out the discovery phase that I want to talk about are Discords, and ICO drops.
ICO drops can tell you about the projects that are coming up that’s even before they even hit the exchange. So definitely wanna check out ICO Drop. Even if it’s in the ended section of ICO Drop, you can still find some gems in there as well after they hit the market.
And then there’s also discord, which can be one of the most time-consuming and most fruitful ways. So you just have to get in there and start networking and asking people questions about crypto gems.
Surface Level Analyzation
Next up is phase two, or Surface Level Analyzation. And the whole goal of this phase is to answer some questions to see if the project is worth doing an even deeper dive on. So by the end of this stage, there will be a few questions that we need to be answered.
Question Number one is I want to know one to two sentences about what the project does and what problems are solving here. This will be one of the most important questions to answer because we need to know why people are investing in this project.
If it’s a Masternode, are people just investing in the project because of the rewards, or is there a use case beyond the rewards? If the use case does not match the rewards, once the rewards are tapered, investors will then move out of that project.
Next up, we want to know you are the founders of the crypto project docs. At this point, about 75% of all of the projects that I invest in have at least one docs member. And this means that we know the identity of at least one founder. And the reason why this is so huge is that it greatly reduces the risk of a rug pull or the investors being running away with all their money when their credit is on the line.
The next question that you want to answer is what percentage of the founders’ tokens do? How decentralized is the actual project?
The more centralized, the more tokens the founders have, the riskier it becomes because they can just dump all of their coins on the market, completely reducing the price. And this could be found in the company’s white paper, which describes the entirety of the project, and that’s always found on the company’s or Crypto Gems website, or you can just go in the Discord and start asking around as well.
I’ll also want to know who is the biggest competitor in the space. For example, the play-to-earn game, Axie Infinity, is one of the largest games, with a market cap of around 3 billion Dollars. This means that the project you’re researching if it’s in the same space will be very hard for that project to exceed that market cap unless it comes along and does what AXI infinity does better.
So it’s just good to keep that in mind. For things like Masternodes, where you have to stake a certain amount to receive a certain amount of rewards, I want to know how much I have to stake to get that investment, and a great place to research this is Masternodes.com. Not all projects offer Masternodes, and it’s a great site to see what coins are offering investors Masternodes, how much the project is, and the rewards.
So to go a little deeper into Masternodes, I want to know how long it will take for me to break even for staking that project. And this may sound counterintuitive, but the longer the break-even time, usually the better I feel about the project. Unfortunately, so many projects now are offering investors recoup times less than four months, and that’s just not sustainable.
Another example of it may not make sense to pick up a node is if the cost of the node is too expensive. An example of this would be Syscoin. Syscoin has a node, and it’s a great project, but it costs $81,000 to pick up a node. So unless you just want to hold the project itself, it may not make sense to pick up that node.
Next is the final stage before investing in the project and its Deep Analyzation. And this is how you need to know the fundamentals of investing in and knowing it inside and out. So the first place I like to start with is interviewing the founders.
If you think of it like no one else knows that project better than the founders themselves, I want to hear what it’s about and who the founder is. Frequently, we’re investing in any Crypto Gems projects. We’re not only investing in the project; we’re investing in the person who created that project, and if that founder has certain areas that they need to work on, the project is probably going to have those same weaknesses.
If the project is dox or one of the members is dox, I like to go to LinkedIn and check the founder’s resume just to see a track record of what they’ve done. And after one or two interviews, you should have a good idea of those questions that you wrote down, and they should be answered by now.
Roadmap and white paper of Crypto Gems
Next up, and this is probably one of the most important parts of the Crypto Gems research, is looking at the roadmap and the white paper.
So if you were to look at every white paper of every project you looked at, you would waste so much time because the reality is that we’re only going in on a small handful of projects. Some things that I’m looking at for here are there going to be any token burns or happenings in the future? How much was dispersed to the founders? What’s the roadmap like? So if it’s a crypto game, I want to look at when are they launching that game? Is it going to be in a few months, next year? If it’s a metaverse token, when do they have land sales? Is that happening soon? Is that happening in the year?
You can get an idea behind every project because, without utility for some of these projects, the price might just stay stagnant for a while. And there’s nothing wrong with holding a project, it remains stagnant for a while, but it’s good to know going into the investment.
And the reason why we want to know about the supply being burned is because of basic economics. You cut the supply, which usually means an increase in demand, which means an increase of price hinged on the fact that utility is there.
And sometimes, in this phase, I’ll go to Google Trends, type in something like Bitcoin, and probably type in some other crypto gems like Cardono or Shiba Inu or Dogecoin. Something big that just has high search volume. And then I’ll type in that crypto project against it just to get a frame of reference.
Just to see how much search volume these crypto gems have. And odds are, smaller projects probably aren’t going to have much there, but you never know. You might get lucky. And sometimes, in the related section of Google Trends, when you type in Bitcoin, you can see some other projects that a lot of people are searching for, which might be good for phase one when you’re just trying to find projects research for Crypto Gems.
The last thing I’m going to do before getting into any crypto project or Crypto Gems is check Twitter, the announcement section of their Discord, and just Google for any updates and news. And this could be good or bad, but I want to know that going forward so I can have the most informed, up-to-date decision before I invest my money.
Bonus Tip to find Crypto Gems
And a bonus method that you can do is once you find a project that you like, you can paste it into a site called SpyFu; this is completely free, and see all of the organic competitors that pop up around that search topic for that project. And I’ve found one project doing this.
So it takes a second. Paste the site into SpyFu, and it will generate five leads per site. You can take those leads you get and then plug those back into SpyFu, and you can keep doing this until you have no more new leads.
And that’s how I do my crypto research to find the best crypto gems across all the crypto communities. However, I want to know how you do your crypto research? Thank you for taking your precious time to read these articles, and I hope they add some value to your cryptocurrency fundamentals! That’s it for today! Take care, stay safe out there, and I’ll see you next time only on cryptocurrencysimple.com.
Frequently Asked Questions:
- What are crypto gems?
Crypto gems are undervalued and obscure cryptocurrency coins and tokens that have the potential to offer significant returns. These new coins frequently have a very low price, frequently less than a cent per coin, and offer the chance of high profits.
2. How do you know if crypto is undervalued?
- Check the market value of the property.
- Take a look at its backers.
- Take a look at the team.
- Examine the Tokenomics.
- Determine how well it fits the market.
3. Upcoming crypto gems
For this to be answered, I want you all to go ahead and start your research survey right now and see what you find! although, I will update which project I feel is good to invest in and which one falls in the category of undervalued and hidden crypto gems. So stay tuned!