6 Steps to find 100X Altcoins
Discovering the "100x Altcoin" involves steps like filtering by market cap, checking trading volume, assessing exchange listings, analyzing on-chain data, evaluating development activity, and considering team quality and community engagement. This seeks to identify a cryptocurrency with potential for 100-fold value increase, combining market dynamics and project fundamentals for high returns.
1. Filter on Market Cap:
Market capitalization (market cap) is the total value of a cryptocurrency's circulating supply. Start by narrowing down the list of altcoins to those with a relatively low market cap. These smaller projects have more room for growth compared to well-established cryptocurrencies.
2. Filter based on Volume/MarketCap Ratio:
A healthy trading volume relative to market cap indicates that there is genuine interest and activity around the altcoin. Higher trading volume can suggest increased demand and liquidity.
3. Check the Exchange Listings:
A wide range of exchange listings can make it easier for traders to access the altcoin, potentially increasing its visibility and demand. The altcoin should be listed on reputable exchanges to ensure legitimacy.
4. Check the On-Chain Metrics:
On-chain metrics involve analyzing data recorded on the blockchain, such as transaction volume, active addresses, and more. Positive on-chain metrics can indicate strong user engagement and utility, which are favorable for long-term growth.
5. Development Activity:
A consistently active development team that is working on improving the altcoin's technology and features is crucial. Regular updates and enhancements can lead to increased adoption and value appreciation.
6. Team Quality, Project Uniqueness, and Community:
Evaluate the quality and expertise of the altcoin's development team. Additionally, consider how unique and innovative the project's concept or technology is. A strong, engaged community can contribute to the altcoin's success by promoting it and using it.
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By following these steps, investors aim to identify altcoins that have the potential to experience significant price appreciation (100x or more) due to their favorable characteristics, market conditions, and overall potential. However, it's important to note that investing in cryptocurrencies involves risks, and not all projects will achieve such high returns.
FAQs
6 Steps to find 100X Altcoins
- Filter on Market Cap: Market capitalization (market cap) is the total value of a cryptocurrency's circulating supply. ...
- Filter based on Volume/MarketCap Ratio: ...
- Check the Exchange Listings: ...
- Check the On-Chain Metrics: ...
- Development Activity: ...
- Team Quality, Project Uniqueness, and Community:
A 100x return refers to multiplying your investment by 100, resulting in a whopping 10,000% return. For example, turning $10,000 into $1 million or $1,000 into $100,000 would be considered a 100x return.
Which coins will go 100x? ›
Top 6 cryptos under $1 that could do 100x by 2025
- Smog Token (SMOG) Smog Token has taken the crypto world by storm since its recent launch on the Solana blockchain. ...
- Bitcoin Minetrix (BTCMTX) ...
- Sponge V2 (SPONGEV2) ...
- Meme Kombat ($MK) ...
- Verasity ($VRA) ...
- Beam ($BEAM) ...
- Conclusion.
Start by going to CoinMarketCap and look for coins from the second or third page onwards. Check each coin out, one by one, and look for the following things: • Price history: the coin should be trending up in time without any strange peaks or questionable trading volume throughout its history.
What coins will 100x in 2024? ›
Meme coins often hook traders in with the chance to win big. There are a ton of these trendy tokens out right now, but KangaMoon (KANG), Book of Meme (BOME) and Dogecoin (DOGE) all stick out as top contenders for 2024.
Is 100x possible in crypto? ›
In the dynamic world of digital assets, experts have pinpointed three top crypto coins with the potential to surge up to one hundredfold during the upcoming bull cycle.
How to find the best alt coins? ›
Using several sources to vet a cryptocurrency is the best way to find a new one in which to invest. Exchanges, data aggregators, and social media are some of the quickest methods for finding a new cryptocurrency. Tools like PooCoin Charts and Token Sniffer can help you decide which coins are better than others.
How to find altcoins with potential? ›
Market Capitalization:
A market cap below $50 million often indicates that an altcoin is in its early stages of development. This presents a unique opportunity for investors to get in on the ground floor. A lower market cap suggests a higher potential for growth, albeit with increased risk.
What is the formula for calculating crypto? ›
At first glance, the formula for crypto cost basis is simple: Total Purchase Price divided by Number of Tokens. For example, let's say you paid $500 for 10 AAVE tokens.
Which coin will pump 1000x? ›
Shiba Shootout (SHIBASHOOT) – Western-themed memecoin with the potential to 1000x this year. DogLibre (DOGL) – Dog token offers NFTs, gaming rewards, and staking yields. SoraMala (SORAMALA)– New webtoon meme coin with mobile game and staking rewards. Solama (SOLAMA) – Solana-based meme coin up 5,800% since launch.
Pikamoon holds the greatest potential as the next crypto to reach one dollar milestone. Supported by a fully doxed team of professionals, PIKA acts as the native token for Pikamoon, a forthcoming P2E game.
Which crypto can give 1000x in 2024? ›
Next 1000x Crypto – 8 Coins That Could 1000x in 2024
- Dogeverse – Dog-themed meme coin compatible with six network standards; ongoing presale has raised almost $7 million.
- Slothana – $10 million+ Solana meme coin presale aiming for a $10 billion market capitalization.
Participate in ICOs
ICOs, or initial coin offerings, are launches of new crypto tokens on centralized exchanges. Exchange users can typically apply to join ICOs and purchase a set amount of a token before trading begins. This enables users to lock in tokens at a fixed listing price.
How do you catch crypto pump and dumps? ›
Pump and Dump FAQs
- Follow social media channels and find relevant information. Sharp and unusual price spikes are often mentioned in sites.
- Analyze charts. A sharp price spike followed by a collapse on coins worth less than a cent is a pump. Especially if it is based on false information.
1. Dogeverse – A Multi-Chain Doge Token Expected to Boom in 2024. Dogeverse ($DOGEVERSE) is a multi-chain doge-based token. With the ability to “hop” between different networks, eager investors can purchase $DOGEVERSE on six major blockchains, from Ethereum, BNB Chain, and Polygon to Solana, Avalanche, and Base.
Which coin can grow 1000x? ›
PIKA as the Native Token of Pikamoon P2E Game and its Potential for 1000x Growth in the Crypto Space.
How do I find new altcoin projects? ›
Here are the top 10 ways to find the best new crypto projects, in no particular order.
- Ask Friends. The easiest way to find new projects with traders' attention is to ask a friend. ...
- Crypto Data Aggregators. ...
- Check for Promotions. ...
- Check ICO listings. ...
- Check Launchpads. ...
- Social Media. ...
- Social Trading. ...
- Ask Developers.
Analysts suggest that altcoins such as Ethereum (ETH) due to its ongoing upgrades, Cardano (ADA) with its strong academic foundations, and Polkadot (DOT) for its interoperability features are among those with high growth potential in 2024.
