Deebs DeFi ๐Ÿ›ฐ
Deebs DeFi ๐Ÿ›ฐ

@Deebs_DeFi

11 Tweets 9 reads Dec 06, 2023
Altcoins will mint millionaires this cycle.
You just need to know how to find them.
My guide will teach you how.
๐Ÿงต
Step 1: Pick a narrative.
Pick a narrative that is:
โ€ข HOT - People are talking about it.
โ€ข New - Post Bull Run.
โ€ข And Appealing to Normies - the average person can relate.
Don't overcomplicate this: AI, Gaming, & RWA are clear winners.
Swim with the stream, not against it.
Step 2: Pick a token.
Click "categories" on @coingecko and select your narrative.
Look for tokens that are:
โ€ข NEW. Post May, 2022 (Last bull).
โ€ข Winning in price action. (Winners keep winning)
โ€ข Low in MCAP. (Higher upside)
โ€ข MCAP/FDV close to 1. (Fully unlocked)
Step 3: Go to the token's website.
Follow the checklist and ask yourself these questions:
โ€ข What problem does your token solve?
โ€ข Is the token's use case scalable to a larger market?
โ€ข Is the roadmap detailed with both long and short-term goals?
More questions. ๐Ÿ‘‡
Step 4: Check fundamentals on @DefiLlama
Does your token have sustained growth over 7 and 30 days in:
โ€ข TVL
โ€ข Volume
โ€ข Stablecoin MCAP (new money on chain)
Not sure how to find these metrics?
See my video at the end of this post. I show you exactly how to use defi llama.๐Ÿ“ฝ๏ธ
Step 5: Check unlocks on @Token_Unlocks /Whitepaper.
Do you need to worry about getting dumped on? Look out for:
โ€ข Major unlock events or "cliffs".
โ€ข A high FDV compared to market cap.
Do not buy any token with massive unlocks coming in 60-90 days. Be patient.
Step 6: Check Social Hype.
Everyone token needs "pumpamentals" to succeed.
โ€ข Does your token have a cult community?
โ€ข Did this community stay active in the bear market?
โ€ข Do influencers pump this token?
Check pumpamentals with a quick search on X or by using @LunarCrush
Step 7: Compare with competitors.
Go back to step 2.
Pick two of the top tokens in your narrative and answer these questions:
โ€ข Does your token stand out or is it a copycat?
โ€ข Does your token have strong fundamentals and pumpamentals by comparison?
Step 8: Find your entry price.
A little bit of TA is good for this.
โ€ข Go to @tradingview and look at the weekly chart.
โ€ข Draw lines to identify support and resistance levels and form an "Accumulation Zone"
This zone is where I place limit orders or initiate my DCA.
Step 9: Watch this video for a more in-depth tutorial on checking fundamentals on @DefiLlama .
Step 10: Please show your support with a like and RT of first post.
This guide took days to build.
But I did it to help you win :)
x.com

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