Alpha-hunting skill creates millionaires.
The majority of crypto influencers will simply tell you "be early", but this advice isn't actionable.
Here's a practical guide to help you on your way to 7 figures 👇🧵
The majority of crypto influencers will simply tell you "be early", but this advice isn't actionable.
Here's a practical guide to help you on your way to 7 figures 👇🧵
Alpha-hunting essentially involves three key aspects:
1️⃣ Researching
2️⃣ Understanding
3️⃣ Implementing
In this thread, I'll show you how to find alpha through comprehensive research, understanding data, and implementing the knowledge.
It's a vital guide you don't want to miss.
1️⃣ Researching
2️⃣ Understanding
3️⃣ Implementing
In this thread, I'll show you how to find alpha through comprehensive research, understanding data, and implementing the knowledge.
It's a vital guide you don't want to miss.
① Identify narratives
To do this, we can utilize the categories page on either @CoinMarketCap or @coingecko.
Look for narratives that are:
➬ New
➬ Hot
➬ Easy to understand
Here is a list of 7 narratives & 40 tokens with huge potential in 2024 👇
To do this, we can utilize the categories page on either @CoinMarketCap or @coingecko.
Look for narratives that are:
➬ New
➬ Hot
➬ Easy to understand
Here is a list of 7 narratives & 40 tokens with huge potential in 2024 👇
② Spot the leaders
When searching for a new 100x opportunity, look for:
➬ New tokens, not from the previous bull runs
➬ Tokens with significant growth
➬ Tokens with a low market cap
➬ Tokens with good trading volume
When searching for a new 100x opportunity, look for:
➬ New tokens, not from the previous bull runs
➬ Tokens with significant growth
➬ Tokens with a low market cap
➬ Tokens with good trading volume
③ Visit the official website & read the whitepaper
Whitepapers can provide valuable insights into a project.
Ask yourself:
➬ What problem does the token solve?
➬ Can its use case scale to a larger market?
➬ Is the roadmap detailed with both short and long-term goals?
Whitepapers can provide valuable insights into a project.
Ask yourself:
➬ What problem does the token solve?
➬ Can its use case scale to a larger market?
➬ Is the roadmap detailed with both short and long-term goals?
④ Analyze the fundamentals on @DefiLlama
DefiLlama is an excellent website for analyzing coins.
Take a moment to consider if the token has shown sustained growth over the past 30 days in:
➬ Total Value Locked (TVL)
➬ Volume
➬ Stablecoin Market Capitalization (MCAP)
DefiLlama is an excellent website for analyzing coins.
Take a moment to consider if the token has shown sustained growth over the past 30 days in:
➬ Total Value Locked (TVL)
➬ Volume
➬ Stablecoin Market Capitalization (MCAP)
⑤ Check unlocks on @Token_Unlocks
Keep an eye out for:
➬ Major unlock events
➬ A high FDV compared to MC
Avoid purchasing any token with significant unlocks scheduled within the next 60-90 days.
Keep an eye out for:
➬ Major unlock events
➬ A high FDV compared to MC
Avoid purchasing any token with significant unlocks scheduled within the next 60-90 days.
Why should you consider examining the emission rate and calculating how much will be unlocked?
Continuous unlocks can flood the market, increasing the supply by 2x in just six months.
I wouldn't invest in such a coin when there are alternatives that don't have selling pressure.
Continuous unlocks can flood the market, increasing the supply by 2x in just six months.
I wouldn't invest in such a coin when there are alternatives that don't have selling pressure.
⑥ Explore the business model, revenue, and other intriguing aspects of each token on @tokenterminal
⑦ Evaluate the VCs behind a project on @CryptoRank_io
VCs hold significant influence over token prices, as they can either boost or bring them down.
⑦ Evaluate the VCs behind a project on @CryptoRank_io
VCs hold significant influence over token prices, as they can either boost or bring them down.
⑧ Check social sentiment
This is a crucial step that many of you may overlook during research.
➬ Does the project have a cult community?
➬ Is its community active?
➬ Do influencers pump this token?
You can check this by using @TweetScout_io or @LunarCrush.
This is a crucial step that many of you may overlook during research.
➬ Does the project have a cult community?
➬ Is its community active?
➬ Do influencers pump this token?
You can check this by using @TweetScout_io or @LunarCrush.
⑨ Compare the project with competitors
Consider these two questions:
➬ Does the project stand out somehow or is it simply a copycat?
➬ How do the fundamentals of the token compare to others?
Consider these two questions:
➬ Does the project stand out somehow or is it simply a copycat?
➬ How do the fundamentals of the token compare to others?
⑩ Follow the funds (Smart Money)
Pay attention to what venture capitalists (VCs) are interested in.
Some of them are early adopters of everything:
Paradigm, A16z, Binance Labs, Coinbase Ventures, Dragonfly Capital, Jump Crypto, and other major players.
Pay attention to what venture capitalists (VCs) are interested in.
Some of them are early adopters of everything:
Paradigm, A16z, Binance Labs, Coinbase Ventures, Dragonfly Capital, Jump Crypto, and other major players.
⑪ Find whale wallets to monitor
It's important to stay informed about the actions of major players in the market.
Here are some of the most popular platforms:
➬ @bubblemaps
➬ @DuneAnalytics
➬ @zerion
➬ @ArkhamIntel
It's important to stay informed about the actions of major players in the market.
Here are some of the most popular platforms:
➬ @bubblemaps
➬ @DuneAnalytics
➬ @zerion
➬ @ArkhamIntel
⑫ Utilize comprehensive research platforms
To gather valuable insights about the project, it is essential to focus on various metrics.
Best platforms for in-depth analytics:
➬ @nansen_ai
➬ @MessariCrypto
➬ @Delphi_Digital
➬ @definedfi
➬ @dexscreener
➬ @santimentfeed
To gather valuable insights about the project, it is essential to focus on various metrics.
Best platforms for in-depth analytics:
➬ @nansen_ai
➬ @MessariCrypto
➬ @Delphi_Digital
➬ @definedfi
➬ @dexscreener
➬ @santimentfeed
⑬ Keep a close eye on developers to see what they're building
To do this, we'll be utilizing @github.
Since most crypto projects are open source, we have the ability to freely examine the source code and track any changes made on GitHub.
To do this, we'll be utilizing @github.
Since most crypto projects are open source, we have the ability to freely examine the source code and track any changes made on GitHub.
⑭ Learning with others is much easier than learning alone
The best approach to learning and staying consistent in a market is through collaboration.
Here's how you can do it:
➬ Get involved in Discord/Telegram groups
➬ Create your own research group and discuss ideas/market
The best approach to learning and staying consistent in a market is through collaboration.
Here's how you can do it:
➬ Get involved in Discord/Telegram groups
➬ Create your own research group and discuss ideas/market
✪ When should you buy?
Don't experience FOMO.
Compare tokens during a market downturn.
Identify the ones that experience less of a drop compared to others.
These are the coins with 100x potential - buy them and take the lead.
Don't experience FOMO.
Compare tokens during a market downturn.
Identify the ones that experience less of a drop compared to others.
These are the coins with 100x potential - buy them and take the lead.
✪ When should you sell your token?
The real answer is whenever you want.
However, it's important not to be greedy.
Avoid holding on until it reaches a 100x return because there are no guarantees. Knowing when to take profits is a true art.
The real answer is whenever you want.
However, it's important not to be greedy.
Avoid holding on until it reaches a 100x return because there are no guarantees. Knowing when to take profits is a true art.
Additionally, it wouldn't be unreasonable to take a look at my ultimate guide on how to trade shitcoins 👇
As well as golden rules to help you on your way 👇
Don't miss out on the next alpha! Join me on Telegram now:
➬ t.me
➬ t.me
If you found this thread helpful, don't forget to:
➬ Follow me @ardizor for more.
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➬ Follow me @ardizor for more.
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