How to find the next 10x Gem??
It is always fascinating to hear stories about how someone invested a couple of thousands and turned it into millions with cryptocurrency.
This is how we find Gems capable of flipping our money.
(A Thread)
#NFT #DeFi #cryptocurrency #gems
It is always fascinating to hear stories about how someone invested a couple of thousands and turned it into millions with cryptocurrency.
This is how we find Gems capable of flipping our money.
(A Thread)
#NFT #DeFi #cryptocurrency #gems
1/15
What are Crypto GEM ?
Crypto gems are cryptocurrency coins/tokens which are undervalued and out of the public eye, with the potential of delivering massive gains.
It is also important to be able to spot the scams from the legit coins. How to spot risks & make wise decisions.
What are Crypto GEM ?
Crypto gems are cryptocurrency coins/tokens which are undervalued and out of the public eye, with the potential of delivering massive gains.
It is also important to be able to spot the scams from the legit coins. How to spot risks & make wise decisions.
2/15
What to look for in Crypto Gems?
Many criteria you could be looking at to determine the risk/reward ratio A crypto gem doesn’t need to have all of them, but the more the merrier & with it comes a higher chance of it turning out to be a gem. Here are some important ones:
What to look for in Crypto Gems?
Many criteria you could be looking at to determine the risk/reward ratio A crypto gem doesn’t need to have all of them, but the more the merrier & with it comes a higher chance of it turning out to be a gem. Here are some important ones:
3/15
While researching the team, look also into who the backers of the project are. Crypto venture capital firms often back several projects, and you can research if they are reputable and if other coins they have backed performed well in the past.
While researching the team, look also into who the backers of the project are. Crypto venture capital firms often back several projects, and you can research if they are reputable and if other coins they have backed performed well in the past.
4/15
The Team behind the coin; The first place to start researching about a coin. Visit the website & look who is the team behind it. Try to find out what other projects they have been involved with, how capable they are of delivering on the promises made, how active they are.
The Team behind the coin; The first place to start researching about a coin. Visit the website & look who is the team behind it. Try to find out what other projects they have been involved with, how capable they are of delivering on the promises made, how active they are.
- on social media, and if they take suggestions from the community into consideration. Look also into how the coin fits into the crypto ecosystem, the possible use cases, and the roadmap of the project.
5/15
5/15
6/15
Total Value Locked (TVL)
Special appreciation to my buddy @Flexy999_NFT for this amazing thread. He drafted it all out.
👇🏼👇🏼👇🏼
Total Value Locked (TVL)
Special appreciation to my buddy @Flexy999_NFT for this amazing thread. He drafted it all out.
👇🏼👇🏼👇🏼
https://twitter.com/Flexy999_NFT/status/1513177663590043661?t=y1yPFVFjevdpQEzWyXOMbQ&s=19
7/15
Price of the coin
Priceinfluence of a specific coin has an effect on human psychology (Bitcoin). Keep in mind that a low price is advantageous, asthe coin becomes more attractive due to human psychology, look for the number of coin in circulation & set realistic expectations
Price of the coin
Priceinfluence of a specific coin has an effect on human psychology (Bitcoin). Keep in mind that a low price is advantageous, asthe coin becomes more attractive due to human psychology, look for the number of coin in circulation & set realistic expectations
8/15
Analyzing the Smart Contract
Many of these coins are created as tokens on a blockchain through smart contracts, which can’t be changed and sets all the functions & parameters of the coin. Learning this can help to check if any exploits due to bugs in the code are possible.
Analyzing the Smart Contract
Many of these coins are created as tokens on a blockchain through smart contracts, which can’t be changed and sets all the functions & parameters of the coin. Learning this can help to check if any exploits due to bugs in the code are possible.
9/15
Tokenomics
How the distribution of the coin was made, the use cases, the vesting schedule, the coins circulation &the total supply. The number of holders would be increasing as it gets more popular &no single wallet should hold too much of the coin. This is highly essential.
Tokenomics
How the distribution of the coin was made, the use cases, the vesting schedule, the coins circulation &the total supply. The number of holders would be increasing as it gets more popular &no single wallet should hold too much of the coin. This is highly essential.
10/15
Red flags to look out for in crypto gems
Now that we’ve talked about what to look for in undervalued coins, let's talk about the red flags you should avoid:
-High promises
-Possible exploits in the code
-Bad tokenomics
Red flags to look out for in crypto gems
Now that we’ve talked about what to look for in undervalued coins, let's talk about the red flags you should avoid:
-High promises
-Possible exploits in the code
-Bad tokenomics
11/15
Where to look for hidden Crypto Gems?
-New listings on decentralized exchanges
-Price tracking websites (such as @CoinMarketCap and @coingecko)
-@Twitter
-@telegram
-@Reddit
-@YouTube and so many others social media
Where to look for hidden Crypto Gems?
-New listings on decentralized exchanges
-Price tracking websites (such as @CoinMarketCap and @coingecko)
-@telegram
-@YouTube and so many others social media
12/15
Following Trends
Lastly, it is smart to see where the market is heading and be a step ahead of everyone else.
Twitter is one of the best tools to use. How to get the trend?
👇🏼👇🏼👇🏼
Cc: @0xxghost
Thanks for this thread King
Following Trends
Lastly, it is smart to see where the market is heading and be a step ahead of everyone else.
Twitter is one of the best tools to use. How to get the trend?
👇🏼👇🏼👇🏼
https://twitter.com/0xxghost/status/1513430974712983553?t=y1yPFVFjevdpQEzWyXOMbQ&s=19
Cc: @0xxghost
Thanks for this thread King
13/15
Bottom Line
Hunting for crypto gems and finding them before everyone else catches on is risky and time-consuming, but it can also be highly lucrative. Keep an eye out for the red flags, be okay with losing some money, and with time and experience, it will get easier to spot
Bottom Line
Hunting for crypto gems and finding them before everyone else catches on is risky and time-consuming, but it can also be highly lucrative. Keep an eye out for the red flags, be okay with losing some money, and with time and experience, it will get easier to spot
14/15
These are some few ways to find 10x gems. I won't share all my secrets but this should be enough to get you a few 10x.
For more valid and helpful trends and updates, follow the my kings and queens (or NGMI 😅). I learnt from them
👇🏼👇🏼👇🏼
These are some few ways to find 10x gems. I won't share all my secrets but this should be enough to get you a few 10x.
For more valid and helpful trends and updates, follow the my kings and queens (or NGMI 😅). I learnt from them
👇🏼👇🏼👇🏼
15/15
@SamuelXeus @NirvanaAcademy1 @SaraLeon01 @_Quivira @kendrickNoble7 @PrudentSammy @shifuwealth @InvestorNnKay @TheEwansEffect @DannyCrypt @Vanessa34872945 @Oluwashinadunt1 @thecryptoreo @_BillionAireSon @Darlordzson @DammyofDefi @yagiofcanada
@SamuelXeus @NirvanaAcademy1 @SaraLeon01 @_Quivira @kendrickNoble7 @PrudentSammy @shifuwealth @InvestorNnKay @TheEwansEffect @DannyCrypt @Vanessa34872945 @Oluwashinadunt1 @thecryptoreo @_BillionAireSon @Darlordzson @DammyofDefi @yagiofcanada
• • •
Missing some Tweet in this thread? You can try to
force a refresh
