How to judge whether newly listed coins are worth investing?

[conected]

There's really a lot to consider whether a coin is worth investing but mostly some people buy it if its listed to big exchange like Binance which leads to pumping, some people think it's nice to buy those kinds of coins since they are new and fresh and it is listed on big exchange.

But me, I still choose the old coins with has a big market cap already rather than investing to lowcap coins which some people managed to control or manipulate.

- Some of the new projects listed are actually pumped by the exchange's reputation system but through that to see the worthiness of these projects is honestly too difficult because this is also just the result of a reasonable marketing process, good brands will launch a successful opening day but then to keep customers coming back is about quality and reliability and to have a good experience, it's features, facilities and roles as well as care team. Many projects are rated one star after only one day of opening because of such problems

[1714892052]

1714892052

[1714892052]

1714892052

[bitkanu]

Every new coins that listed on binance in 2019 are now so successful e.g matic and others, the thing is exchanges have a good role to play here if it's top exchange like binance then the project isn't a joke most especially if they raised Funds through binance, gate or Huobi

Agreed but remember that even when the first day of trade and those coins could be traded with a very high ROI and that makes it looks like very risky to be used as investment. It's better waiting for the dump but i do believe any coins that already brought by exchange site especially binance has very big potential to be the major players in the crypto.

[kryptqnick]

It's very hard to judge a token by the whitepaper because it's easy to wrote some impressive stuff about how amazing the project is. It's also easy to get high rankings for an ICO, and it doesn't even involve paying money. Those websites work by rewarding detailed info, so a totally worthless project can get high rates easily. I'd rely on the team if it has famous people, and also on the exchanges where the coin is listed (if it's a good exchange, at least the team is putting money into that, and it will be possible to sell the token easily when needed). A closely related factor is trading volume. I'd wait for it to become significant enough to ensure that the tokens can always be sold. Come to think of it, all of this implies that some time is required to see how the coin performs initially, so it wouldn't be a completely newly listed coin anymore. But at least that would make it a safer investment.

[Waleedzain323]

Community and team strength can define the project worth. Check project by some basic measures;
1: Team
2: Community.
3: Vision and Products.
4: Development Timeline.
5: Acception of Product in future.
6: Survey and analysis about Demand of Products.
7: Last but not the least Investment Approach.

More other factors are need to be focused but these are some those which are from my perspective.

Artificial Hype is too common now, Can't be trusted anyone, Even White Paper can not help you anyway except for the Vision but a Vision can't be true without efforts. ICO rankings are paid now.

[Johnyz]

There's really a lot to consider whether a coin is worth investing but mostly some people buy it if its listed to big exchange like Binance which leads to pumping, some people think it's nice to buy those kinds of coins since they are new and fresh and it is listed on big exchange.

But me, I still choose the old coins with has a big market cap already rather than investing to lowcap coins which some people managed to control or manipulate.

On a volatile market, its safe to invest on good coins because you already have a price history as you basis and if you’re going to invest on new project, then you’re totally clue less. Maybe, new projects with a good platform that was able to hit an exchange tells a great news, you just have to understand the project and see how it works maybe you’ll invest later on. I’d personally have my own personal standard on investing, exchange listing is one thing for me especially if its on the top exchange.

[RbiggerG]

There's really a lot to consider whether a coin is worth investing but mostly some people buy it if its listed to big exchange like Binance which leads to pumping, some people think it's nice to buy those kinds of coins since they are new and fresh and it is listed on big exchange.

But me, I still choose the old coins with has a big market cap already rather than investing to lowcap coins which some people managed to control or manipulate.

On a volatile market, its safe to invest on good coins because you already have a price history as you basis and if you’re going to invest on new project, then you’re totally clue less. Maybe, new projects with a good platform that was able to hit an exchange tells a great news, you just have to understand the project and see how it works maybe you’ll invest later on. I’d personally have my own personal standard on investing, exchange listing is one thing for me especially if its on the top exchange.

Under most circumstances you just don't know. Whether a cryptocurrency is worth investing or not is something that you can essentially only find out by doing it. I personally think getting into crypto isn' a mistake, but getting into crypto too big right from the start is a mistake!

[molsewid]

It's very hard to judge a token by the whitepaper because it's easy to wrote some impressive stuff about how amazing the project is. It's also easy to get high rankings for an ICO, and it doesn't even involve paying money. Those websites work by rewarding detailed info, so a totally worthless project can get high rates easily. I'd rely on the team if it has famous people, and also on the exchanges where the coin is listed (if it's a good exchange, at least the team is putting money into that, and it will be possible to sell the token easily when needed). A closely related factor is trading volume. I'd wait for it to become significant enough to ensure that the tokens can always be sold. Come to think of it, all of this implies that some time is required to see how the coin performs initially, so it wouldn't be a completely newly listed coin anymore. But at least that would make it a safer investment.

This is all make sense mate, it is very hard to judge a project by just reading its whitepaper or get attracted by how easily the project get listed in ICO because any newly raised projects are aimed to done this impressively to attract people. But the total judgement of a project takes time I mean a successful token or coin can be said as successful on the improvement the project had made in the long run and also having a great dev team behind the project is also a big factor. OP points out a great factor to consider to screen a newly listed coin and its amazing.

[DoublerHunter]

Community and team strength can define the project worth. Check project by some basic measures;
1: Team
2: Community.
3: Vision and Products.
4: Development Timeline.
5: Acception of Product in future.
6: Survey and analysis about Demand of Products.
7: Last but not the least Investment Approach.

^ These are very accurate on how to judge newly project especially the number 3 mentioned above, in the first place, you should analyze the vision and use of the product and how long it will survive. There are too many things to consider before you will pick a new project and invest. However, I don't sometimes believe on the team, most likely some of them using not a real image as the team of the project, that is why you should have your own research regarding them because people will easily to attract and lure by those promotions.

[Fivestar4everMVP]

In as much as I agree with every other point you made, I think the last point is irrelevant cus having a website start with https does not mean that the project is legit or scam, we never can really be able to differenciate between a scam or legit project by the way of https as this is generally encoded in every websites in this modern edge and time.
But what I do think is that the way to discover a good project is to take a look at the project itself, when I say look, I mean critical look, proper research, read the whitepaper and ask questions no matter how irrelevant the question seam, a good and legit team will have the patience to explain until you understand, this amongst others I think are ways to really know which project is legit and which is fake.

[TelolettOm]

How if we are looking at what exchanges they are listed? If it is on reputable exchanges such as at least Bithumb, Okex, Kucoin, and others moreover Binance, the coins may have bigger chances to survive and are also be worth investing in. However, we must also see the market condition and also how the trade or investors responds to the coins. Sometimes, many traders use the utility of new coins to have big profits after listing, and before dropping, they have sold for big profits. And sometimes, we must also see the trading volume and market caps whether many traders are in transactions or not.

[Teraboy]

the point you mentioned in my opinion still can't guarantee that the token or coin is legit because to scam a cryptocurrency project in my opinion it is a very easy step, many people have tried to give a statement on how to avoid scams but in fact there are still many traders who are victims.

The traders were betting on the scam token because it's easily to be pumped and dumped. So many people are still in demand to get the profit as fast as they can and that's why they can still be trapped into the scam token. i have been seeing it so many times that if people already known if that's a scam token but they keep use it as a way to catch pump and dump token

[TheUltraElite]

See if you can go to the three major exchanges, because the currency information can be viewed on the exchange, the exchange will verify the token, and some junk coins can only be circulated on the trading platform built by themselves.

Projects fail even after listing - are you getting that? They get listed because they need to pay only. Exchanges just want the money and then one day when the token fails to have any movement for months, they will delist that token.

Who gained? The exchange. They got their fees and will again force the team to relist after taking another bribe.
Who lost? The investors. That is the truth in this market.

There are also news related to tokens, because some news will affect the price trend of the currency.

Oh you mean paid news? Majority of the niche crypto news sites are paid by the teams to get articles published otherwise these sites would not have enough money to keep their servers running and their employees paid.

The white paper is just to understand the information, because the white paper also has plagiarism, and it can also be outsourced. It is not trustworthy.

Well if the WP is copy pasted it is an outright scam. But the properly written whitepapers back at one time were existing and even then many of them failed because of a lot of reasons.

Dont confuse a scam project with a failed project.

[jaberwock]

Some of the new projects listed are actually pumped by the exchange's reputation system but through that to see the worthiness of these projects is honestly too difficult because this is also just the result of a reasonable marketing process, good brands will launch a successful opening day but then to keep customers coming back is about quality and reliability and to have a good experience, it's features, facilities and roles as well as care team. Many projects are rated one star after only one day of opening because of such problems

I have literally worked with exchanges to increase volumes and attention of certain coins before. Thankfully 2 of those exchanges are gone now, it is sad that they are gone because they took people's money with them but at least they can't scam anyone else from now on, and I feel like a bad person for doing it but I was working on the coin side and not exchange side, which means that my job was only regarding our crypto currency and had nothing to do with overall exchange so I had no idea they would scam anyone, even people who worked in the company didn't know they would, it was just CEO that did it and maybe few others who knows.

There are "volume bots" everywhere, even in binance, all they do is increase the volume of the coin you want, they buy and sell from each other, pay a big fee for it, but at the end it looks like you have a big volume when you actually don't.

[ROSERTY]

Check the currency's total issuance, price trend and transaction volume.
Whether the currency can be found in mainstream exchanges, exchanges have more industry news and can better judge whether the proportion is good or bad.
Judging its degree of decentralization, the higher the degree of decentralization, the more long-term value it has.

[bryant.coleman]

If you want to invest in a new project, then making the investment immediately after listing may be the worst idea. Either you should invest in the IPO, or make the investment once the prices are stabilized after the listing. In 99% of the cases, because of the hype surrounding the listing, the prices can fluctuate a lot during the initial few days. An example for this is Internet Computer (ICP). When it got listed, the prices were around $600 per coin. Those who invested at this level are now stuck with the coin, as the current exchange rate is $41 per coin.

 

[isaac_clarke22]

~

I don't think that such exchange will be my only criteria when choosing coins to invest at, though I still don't do altcoin investment for now. CoinMarketCap provides more data that one can use as a criteria than just mainly the coin itself. Saying that a coin pumps is like a red flag for me to invest actually, as most likely that word will always derive from "pump and dump" scheme and that wouldn't be for long-term investment for sure. Hate to burst your bubble there, mate.

[feelideb]

Another way to judge the viability and authenticity of new coin is to take a dip and long look at the team supporting such coin. Do you see people with cacity and good reputation among the team members supporting such coin? Is there awareness ot such coin in cryptocurrency community and github comkunity!  IlDo such coin have a financial backing from investors in cryptocurrency and outside of cryptocurrency

[Bitcoin Seller]

Any investment is risky, so how should we distinguish between empty coin and MLM coin?
Aircoin is a white paper written casually by the project team, and the official website packs and collects money.
MLM tokens are mainly used to obtain reward tokens through pulling heads and offline multi-level development, or to obtain tokens by recharging members of different levels and purchasing virtual mining rights of different levels.
How do we know?
1. The attributes of the project itself: public chain currency, Token token
2. Token issuance method: does not rely on the issuance of a specific currency institution, and is generated through a large number of calculations based on a specific algorithm, which is a decentralized issuance method
3. Trading method: Digital currencies can be freely traded on exchanges. There will be multiple exchanges supporting transactions for the same currency, and coins can be deposited and withdrawn freely. At the same time, different people can conduct peer-to-peer transfers and transactions.
4. Implementation method: The token itself is an open source program and is maintained in the Github community. The open source code shows the parameters and methods of its total limit
5. Whether to provide a link to the source code: Generally, decentralized digital currencies will give a link to the source code in a prominent position on the official website. This is to show the operating mechanism of the currency system openly and transparently
6. Does the official website start with https: Generally, the official website and transaction URL of decentralized digital currencies start with https. The purpose of such websites is to protect users' data from being stolen illegally.
Do you have anything to add?

You have listed different methods, but what do they give you? How do you use all this information?
Personally I, when seeing a new token, I start with investigating docs, ideas, team members, partnerships, community and tokenomics, of course. I just estimate the web-site, read what people say in their chats and look through documents. And usually when I see that idea is too complicated and unclear, I don’t invest.

[TheGreatPython]

Personally I, when seeing a new token, I start with investigating docs, ideas, team members, partnerships, community and tokenomics, of course. I just estimate the web-site, read what people say in their chats and look through documents.

This is an exact way I am also into practice for years but unfortunately most devs are easily making up themselves for all these criteria which lead me to disappointments in the end hence I believe we must adopt some other effective methods so that devs cannot artificially manipulate to convince us to decide about investing with them. For this reason, I guess we must need to consider what OP is emphasizing here. I mean not all the things of OP but one or two effective methods me must adopt in additions to what we are following for years. This is in attempt of bringing changes to the final results of our investments.

[Macadonian]

For around the last year I have not seen one single coin that has been newly listed worth investing in most coins today are copies of others which have failed. There are no original ideas anymore and most are scams.