How to identify new altcoins with good potentials.

[Jubilee58]

Sometimes it can be very challenging to identify altcoin with good potentials, but then there are measures you can take to help you find good altcoins in the cryptocurrency market.
1.Crypto news: reading cryptocurrency news can be a great way of identifying high potential cryptocurrency, because you will be well updated concerning both the old and upcoming cryptocurrency with high potential.
2.Engaging in your own research:making your own research will equally go a long way , for instance you can use google search to ask questions concerning new and upcoming cryptocurrency with high potential.
3.Expert Advice:In the world of cryptocurrency, there are experts, you can follow them on their various social platforms to update yourself on the trends of cryptocurrency.
4.Binance Alpha: For those of you using binance, binance alpha is a section where new and potential coins are listed for scrutiny before they are finally listed on binance exchange , checking it regularly can also help you identify good and potential upcoming altcoins.

[Charles-Tim]

There are many pump and dump projects and also dump and dump projects on crypto news. Know that those that owns news platforms only care about money. I have seen many news that are sponsored by coins or tokens developers to let people know about their shit coins they are about to launch. Do not fall for the scam. If you need examples, I can research about them and post it here. Many of them are more than 10 to 100x down now.

Is Binance Alpha what centralized exchanges are calling on-chain trading? I think it is. Many coins are dump and dump there. Although, you can gamble with the money that you can afford to lose there. Some coins will increase 100x or more in just 2 to 3 days or within weeks and later fall, while some coins there are dump and dump.

Be careful of what you call experts. The people called experts can scam someone. They can also give wrong information. Newbies are prone to scammers and hackers. I hope you understand me.

[el kaka22]

I would say there is also no need for it. I get that this topic is about how to find one, but why do you feel like you need to find one? There is no benefit of getting into new projects, and to be fair it is not going to be easy to make money at all, it is going to lose you a lot of money. This should not be something that would profit you, because 99.99% of the time new projects are just scams and ways for you to lose money.

If you do that then you are going to end up with bad results, it's as simple as that. Just avoid it if you can and you are going to get better returns without a doubt. Most people just forget that part and they end up with bad results that won't do that great, it is just not the way to move if you are careless.

[Joy- maker]

Relying on online crypto news to know Altcoins with potentials is not advisable because some of those news can be fake, and secondly  the developers of the project can pay online crypto news reporters to say good things concerning their project, while the project is not a good project rather a pump and dump project, specifically created to scam people, and thirdly Altcoins of this day's has no potential, so I will advise you go for bitcoin if you are looking for a coin full of potentials to invest on.

Talking about crypto experts, not all crypto experts are genue, some crypto experts are paid by some project developers to say that there project is a good project full of potentials while it's not so be wise and don't fall prey to scam in this crypto space all in the name of looking for shitcoins with potentials.

[Ojima-ojo]

Having and indept research about a coin is the best way to go, when it comes to pointing out potential altcoins projects to invest in, following online news or other third party news sources can be a risky thing to do unless if you just following them to get information about those coins, but never make a decision on buying any of those coins they talked about unless you have your personal research and convincing results on those coins.


Most of those online news out light are all paid to get those coins to your face, just like what influencers does, nothing different, they never do research or test those coins themselves, doing those promotions just to get paid, so use them for what their are which is to get information on those coins and nothing more.

[Cryptoprincess101]

Relying on online crypto news to know Altcoins with potentials is not advisable because some of those news can be fake, and secondly  the developers of the project can pay online crypto news reporters to say good things concerning their project, while the project is not a good project rather a pump and dump project, specifically created to scam people, and thirdly Altcoins of this day's has no potential, so I will advise you go for bitcoin if you are looking for a coin full of potentials to invest on.

Talking about crypto experts, not all crypto experts are genue, some crypto experts are paid by some project developers to say that there project is a good project full of potentials while it's not so be wise and don't fall prey to scam in this crypto space all in the name of looking for shitcoins with potentials.

Anyone who relies on crypto news for information about a coin that has the potentials of growth will always fall into the wrong coin because those crypto news sites or channels also have partial ways to convince people on coins that cannot survive in the market so it will be very misleading to follow them. I think the best way is just to make some research and not follow coins that performed greatly in last altcoins season because there is no assurance that they will perform well again this alt season. And do not follow coins that are over hyped because they are mostly the coins that turns out to become fake.

I don't even believe that there are crypto experts, just invest on a coin that you are convinced through your various researches then just invest with an amount you can afford to lose and you shouldn't put your hopes on them so that whether you are profitable or not it won't pain you so much.

[Ndabagi01]

Sometimes it can be very challenging to identify altcoin with good potentials, but then there are measures you can take to help you find good altcoins in the cryptocurrency market.
1.Crypto news: reading cryptocurrency news can be a great way of identifying high potential cryptocurrency, because you will be well updated concerning both the old and upcoming cryptocurrency with high potential.

Crypto news can be a good way to get started about new and potential altcoins that are coming to the market. But don’t also forget that this is where pump and dump narrative altocins will be shilled. The hypes all lies here and where there is too much hypes requires you to be very careful. They can be rewarding but doing scrutiny will help a lot.

2.Engaging in your own research:making your own research will equally go a long way , for instance you can use google search to ask questions concerning new and upcoming cryptocurrency with high potential.

Self research is very important in this crypto space. You can learn and unlearn new things in this space by trying to seek for knowledge and being inquisitive more about what you don’t know. It also helps you in selecting the best choice of altcoins that have potentials to help make good returns after investing in them whether short or long term.

3.Expert Advice:In the world of cryptocurrency, there are experts, you can follow them on their various social platforms to update yourself on the trends of cryptocurrency.

Expert advice are no more reliable because they’re now after money and not after good lasting projects that will benefit their whole community. The crypto space is full of scam projects and they can go on selling themselves to one useless project because of the high pay from them to shill the project to their followers for them. As not all experts are doing that, researching for the best projects is good for yourself to situate well in the right project all the time.

[coin-investor]

These are all good and recommended for those seeking to find a new altcoin with good potential, but I would like to add that
CERTIK

CertiK is a blockchain security company that specializes in smart contract audits, formal verification, and blockchain infrastructure to protect decentralized applications (dApps), decentralized finance (DeFi) protocols, and blockchain projects from vulnerabilities and attacks.

They verify and grade new altcoins for their potential. The higher the grade, the higher the potential and for a coin to have a higher grade. The developers need to undergo KYC and check their smart contract.
This is a must-have tool for even investors. Certik makes it easy for investors to choose the right project.

[beveryu778]

Sometimes it can be very challenging to identify altcoin with good potentials, but then there are measures you can take to help you find good altcoins in the cryptocurrency market.
1.Crypto news: reading cryptocurrency news can be a great way of identifying high potential cryptocurrency, because you will be well updated concerning both the old and upcoming cryptocurrency with high potential.
2.Engaging in your own research:making your own research will equally go a long way , for instance you can use google search to ask questions concerning new and upcoming cryptocurrency with high potential.
3.Expert Advice:In the world of cryptocurrency, there are experts, you can follow them on their various social platforms to update yourself on the trends of cryptocurrency.
4.Binance Alpha: For those of you using binance, binance alpha is a section where new and potential coins are listed for scrutiny before they are finally listed on binance exchange , checking it regularly can also help you identify good and potential upcoming altcoins.

Altcoins can never be potential. Most of the news you see is fake. Very few Altcoins can come to the market and do well and give profits to investors. And most Altcoins after coming to the market are very volatile for a few days in the beginning and create hype in the market but later it becomes worthless. Still people want to invest in them because they can make a profit very quickly if they are lucky. No one can ever say with an exact guarantee how much potential an Altcoin has.

[TastyChillySauce00]

Sometimes it can be very challenging to identify altcoin with good potentials, but then there are measures you can take to help you find good altcoins in the cryptocurrency market.
1.Crypto news: reading cryptocurrency news can be a great way of identifying high potential cryptocurrency, because you will be well updated concerning both the old and upcoming cryptocurrency with high potential.
2.Engaging in your own research:making your own research will equally go a long way , for instance you can use google search to ask questions concerning new and upcoming cryptocurrency with high potential.
3.Expert Advice:In the world of cryptocurrency, there are experts, you can follow them on their various social platforms to update yourself on the trends of cryptocurrency.
4.Binance Alpha: For those of you using binance, binance alpha is a section where new and potential coins are listed for scrutiny before they are finally listed on binance exchange , checking it regularly can also help you identify good and potential upcoming altcoins.

As someone that observed altcoins literally everyday trying to find hidden gem, I don't really think crypto news and expert advice is relevant.

You gotta use the new way of finding out hidden gems through mindshare, backing, and hype. A coin that can get the connection to get listed in big CEX have better chance of making it big.
I've never once get to know hidden gem new altcoin from news frankly .

As for binance alpha. They sometime list shit projects too, the one that dumps and never get to climb up or at least make some recovery.

[pooya87]

It mainly depends on what you mean by "potential".

True potential requires real utility which altcoins lack. Take bitcoin for example. It has true potential because it has a real utility as "money" (store of value and medium of exchange). That is not true about altcoins. Majority of them were created to be pumped and dumped.
To recognize true potential in any altcoin you need to be an expert at a technical level to go through the project, check their paper, their protocol, look at the code, run their main client, etc. Something that most people are not capable of doing. But if you find one, then you are in for real treat (imagine finding bitcoin back in 2009).

But another definition of "potential" which you probably you have in mind could be short term profit gained from a quick pump aka market manipulation. This is difficult because as I said you would be trying to predict market manipulation. Although there are signs but finding such pumpable shitcoins at early stages is very difficult and risky because if you fall for fake advertisement you can end up losing a lot of money, we are talking about shitcoins after all...

The 4 options you mentioned here are actually very risky (even what you called expert advice) because again we are talking about market manipulation. They will lie if they are paid enough money...

[bitwalhr]

In the last few years most alt coins have been scams or have a reputation as meme coins because they are all part of the same groups or people behind them who have a mentality of taking advantage of others' work and remaining out of sight which can be very hurtful to new investors who are just looking for quick profits.

I will suggest now keeping an eye on the top 50 coins listed on coinmarket.com and having a well-planned investment strategy with a big share of investment in Bitcoin will help better because there is nothing new happening in the market greed can always lead to problems never trust anyone blindly - just do your own research before putting money into any project.

Even Trump Coin hurt people very badly, which has led to a general loss of trust among investors who now quickly put their money into any project because big names are getting involved with Bitcoin and Crypto.

[DeathAngel]

Look for coins with real use cases not just hype. Check the team’s background, partnerships & if the project solves an actual problem. Watch trading volume, community size & developer activity on GitHub or socials. Compare tokenomics, supply, distribution & utility. New altcoins on launchpads or backed by solid investors often have better chances. Avoid projects with vague whitepapers or no transparency. Always spread risk & don’t invest more than you can afford to lose.

[In_cu_bent]

It mainly depends on what you mean by "potential".

True potential requires real utility which altcoins lack. Take bitcoin for example. It has true potential because it has a real utility as "money" (store of value and medium of exchange). That is not true about altcoins. Majority of them were created to be pumped and dumped.

Inasmuch as altcoins are concerned, there is nothing like potentials in them since they cannot withstand long term volatility. We cannot call any altcoin as a potential coin since their volatility only last for a short interval of time. When we are talking about potentials we are making reference to coins that has the ability to survive the market in the long run. Even if there are new coins that can actually survive the market, identifying those coins is very complex so there isn't any need to even look for them in the first place except for someone who is just prepared to lose their time and money on them. Some persons go as far as investing in many altcoins with the idea that some of them will perform well during the alt season so imagine a situation whereby none of them could perform as expected isn't that gonno be a huge loss? so it is better to avoid them than to gamble on them and think that by investing in many of them it will be possible to make profits from some of them. Bitcoin is what we can ONLY call a potential coin because it can stand market volatility in the long run and for over a decade now it has really experienced exponential growth.

To recognize true potential in any altcoin you need to be an expert at a technical level to go through the project, check their paper, their protocol, look at the code, run their main client, etc. Something that most people are not capable of doing. But if you find one, then you are in for real treat (imagine finding bitcoin back in 2009).

Okay imagine the procedures in identifying a coin that can have long term value and it is even possible not to accurately identify the one with potential value after undergoing these many researches and all that. So it's just a kind of stressful mission to embark on and imagine if after doing every background checks and in the end you still invest in the wrong coin, the pain of the time you wasted while making those researches will be so annoying. Finding a real coin is not easy, imagine since 2009, out of the many coins that was introduced since then, only bitcoin has been able to maintain consistency in its price movement despite the many challenges that bitcoin encountered but it still stood strong and its becoming the world most valued asset.

[Y3shot]

3.Expert Advice:In the world of cryptocurrency, there are experts, you can follow them on their various social platforms to update yourself on the trends of cryptocurrency.

Following expert is not a guarantee that a project is reliable,  most expert knows nothing if a project is real or scam, some expert are even victim of scam project , some expert even promote scam project. Relying on expert to if a project is reliable is at your own risk. One thing you need to know is that their are so many failed project, so shitcoins are not what you need to rely on. If you want to investing in these project ensure you know what you are investing on very well, and not allow anyone or expert to influence you to invest.  Cryptocurrency is a personal journey which you need to understand and make your own decisions.

[bitzizzix]

Thoroughly analyzing the altcoin you want to invest in is a crucial step in making the right investment decision, and it must be done carefully and thoroughly. Many altcoins fail to thrive, and some even prove to be scams, resulting in financial losses. Therefore, it's crucial to exercise caution and avoid the lure of high returns.
You should also research the entire development team, their experience in the crypto industry, their track record, and their credibility in realizing the project's vision to further increase your confidence in the project you choose. The development team is crucial and will determine the success or failure of a project, and they should have a proven track record of success.

[danherbias07]

This is tough. Even with all that research, there's a chance that you will end up on a rugpull project. There's no assurance, even if you go as deep as you can in research.
I've done this before and I have wasted a lot of time seeking for project that is promising. It's a needle in a haystack, and most of the projects that I invested in ended up in the dump. It's like 2 of 10, and that's a lucky day. I got into gaming applications, NFT's and DeFi, but they are not that different from ICO projects in the past.

[asriloni]

1. Crypto news is not relevant anymore to determine how potential the project is. It's caused by you can pay media to issue an article about your project.
2. DYOR is good, but always need good knowledge about onchain statistic combined with technical analysis. This is a mandatory for the crypto traders or investors to own some knowledge about how to intepret the onchain or offchain stats. However, it doesn't work on a token that pumped just caused by it was getting hyped.
3. Following expert is just the dumbest thing in the crypto these days. Many CTs or big names in the crypto are only fooling you to buy their own bags. This must be avoided or you will get rekt caused by become exit liquidity for CT or big names in crypto.
4. Alpha is good place to hunt potential token that can be listed on Binance spot. however, this is pure gambling.

In conclusion, the point two is still relevant to be implemented to search crypto with good potential these days. I can't deny sometimes, news also driving it, but the impact was not as big as before except exchange listing news on major exchange.

[Webetcoins]

CertiK is a blockchain security company that specializes in smart contract audits, formal verification, and blockchain infrastructure to protect decentralized applications (dApps), decentralized finance (DeFi) protocols, and blockchain projects from vulnerabilities and attacks.

They verify and grade new altcoins for their potential. The higher the grade, the higher the potential and for a coin to have a higher grade. The developers need to undergo KYC and check their smart contract.
This is a must-have tool for even investors. Certik makes it easy for investors to choose the right project.

I would like to mention that these guys do a good job, but doubtful on their honesty.

I have seen offers directly from them for 50k+ dollars that would make them give a good audit to shitty projects, not shitty blockchains, but shitty people.

That means they would basically fix the blockchain and basically the whole code, and then they will act as if "hey, we did help them be better", like they are doing something decent. Don't get me wrong, technically speaking ,auditing a project, finding horrible shit in it, and then helping them fix and be better, sounds like a noble thing.

But the reality is simple, they are giving good ratings to shitty people because they fix ed it and say now it's good, but that shitty product was there, hence we should know they were shitty first.

[GigaBit]

In choosing a good altcoin, it will be more effective if some other considerations are given along with the mentioned points. In the altcoins market, it is often seen that some coins have no practical value, but due to hype, the coin rises a lot. If you invest in such coins, you will have to face losses later.

Before selecting a coin for investment, it is necessary to have knowledge about the supply of that coin. If you invest in coins that have a high supply, there is a greater chance of loss than profit.

Before investing in an altcoin, it is also important to see whether the team of that present is active or not. You should also see whether the coins are listed on a good exchange. A good coin tries to list good exchanges in a short time.