Nowadays, there are a lot of cryptos, and some of them work well and will have a bright future. Yet many started on the wrong foot without going anywhere. However, some of them are just late bloomers and are preparing for a full-blown glow-up.
But how can you find those new crypto projects that may lay low for now but will go mainstream once they are publicly listed?
This article will focus on how to find promising crypto projects before listing to help maximize your earnings whenever you find a new crypto project.
First Thing to Know About Investing Early in Crypto Projects
Every day, new crypto coins are launched on the crypto market. Each one aims to change something in the industry.
The process is similar to each project – find a problem, find a solution that seems worth trying, build the solution, promote the solution, and wait for it to make a change when it starts to be used by worldwide crypto investors.
For instance, numerous crypto projects aim to solve the blockchain trilemma, which says that in any blockchain project, you cannot achieve decentralization, scalability, and security at the same time.
Unfortunately, many crypto platforms don’t make it for various reasons, and investors’ primary goal is to stay away from those projects.
However, when finding promising projects, early investors can have pretty much to win if they decide to put some of their funds and all their trust into those crypto tokens.
Overall, investing in cryptocurrencies that are not listed yet can be a strategy worth considering, regardless of your experience in the field. If you know how to choose the right tokens, you can earn significant profits once the projects gain the popularity they deserve.
Still, there are some things you should make sure to avoid when following this strategy. Basically, you should keep an eye out for:
- Potential scams;
- Projects that are not developed well;
- Projects that do not express their long-term plans.
If you find a way to notice such projects and eliminate them from your watchlist, your success rate might increase significantly.
How to Find New Crypto Projects
Considering the surprising evolution of the crypto market, users have many platforms where they can look for new projects. While some platforms may also function based on some promotions, others describe projects transparently and can represent a good way of analyzing a specific project.
Depending on your plan and crypto knowledge, you can search for crypto projects on various channels. Still, it is extremely important to perform your own research and not base your investment decisions only on what you see on some platforms or what others say.
We’ve selected some of the best channels where you can find new crypto projects. When combined with further thorough research, they can do wonders.
Social Media Platforms
Social media is renowned for offering information regarding a plethora of topics, crypto included. Developers learned that a project’s community is vital, as it can bring new users to the platform. Furthermore, a project with many followers on social media can look more trustworthy in crypto investors’ eyes.
One of the social media platforms widely used for promoting crypto projects is X (formerly Twitter). The X crypto community is constantly growing, and many crypto enthusiasts rely on related tweets to learn more about specific platforms and tokens and check how popular they are and what others are thinking of them.
Other social platforms used by crypto enthusiasts include:
- Telegram;
- Discord;
- Facebook;
- Instagram.
Crypto Experts
Those who have been around since the beginning of crypto and have extensive blockchain knowledge reached a level where they can advise others regarding the best crypto projects to invest in. However, if you decide to follow crypto experts to find new tokens before listing, you should focus on some things, such as:
- Whether they are trustworthy enough and they genuinely know what they’re talking about;
- Whether they are simply promoting a project to get some benefits or they actually believe in its power;
- Whether their followers were gathered through their wise advice or they organized numerous giveaways.
Some of the most popular experts in the industry include:
- Coin Bureau;
- Lark Davis;
- Altcoin Daily;
- Michael Saylor;
- Crypto Jebb.
However, you should never consider only what crypto experts are saying. Forming an opinion regarding a crypto topic requires many other sources so that you can ensure that a specific piece of information is reliable. Furthermore, you should not consider crypto experts as your primary source of information. Instead, they should be considered a way to discover new topics or ideas.
Some influencers happen to promote some scams or unsafe projects. Deliberately or not, their content about such projects can affect their audience’s investments and knowledge, and authorities are usually trying their best to keep such promotions away from crypto enthusiasts. Still, some slip out, and you should be extremely careful about them.
This is why we, along with many other crypto enthusiasts, strongly ask everyone to perform thorough research and not rely only on what others are saying. Just try to take everything with more than a grain of salt, and your funds might be slightly safer.
Podcasts
Crypto podcasts have been around for some time now, and while some of them come and go, others are here to stay. Usually, crypto podcasts focus on providing extensive information regarding the latest news and releases in the industry, primarily focusing on teaching users more about how crypto and blockchain work.
The most popular and trustworthy podcasts may be those created by CoinDesk, which is also one of the most trusted sources for crypto news, focusing on updating its users as often as possible.
Crypto Launchpads
Crypto launchpads are token sale platforms hosted by crypto exchanges. They are accessible to worldwide users and can be quite a safe way of investing in tokens before listing. They are also called IEOs (Initial Exchange Offerings).
On crypto launchpads, eligible investors can purchase a project’s token for a competitive price before being listed on an exchange, which usually happens after the launchpad program ends. In some cases, investors might be required to hold some of the exchange’s native tokens to be eligible for a crypto launchpad (e.g., if you want to participate in a launchpad on Binance, you will have to hold BNB, the native token of the Binance Smart Chain).
One of the most trusted and widely used crypto launchpads is Binance launchpad, part of Binance’s projects. On Binance Launchpad, you can find numerous new cryptocurrencies, each one having many details, such as:
- The project’s technology;
- The token distribution;
- The amount of tokens offered;
- The number of participants;
- The price of the launchpad tokens.
Presales and Airdrops
Crypto presales and airdrops are two of the most popular ways to buy new crypto before listing. Basically, they are special events organized by newly launched crypto projects that want to increase their popularity by growing their community of early investors.
There are just a few differences between presales and airdrops, but the most important one might be that you pay a small price for the tokens during a presale, while in an airdrop, you can get them for free.
Crypto presales are organized during the first phases of a project’s roadmap, usually way before the project is officially launched. They offer the native token for a surprising price so that users can invest in the project early to get significant profits afterward. Presales are usually organized before ICOs (Initial Coin Offerings), IEOs (Initial Exchange Offerings), or IDOs (Initial DEX Offerings, which only take place on decentralized exchanges).
Crypto airdrops, on the other hand, are special events that do not always require you to invest a small amount of funds to get newly developed tokens. Instead, you can complete various tasks, such as following the project on social media and referring friends. According to the number of successfully completed tasks, you will get a specific reward.
The Art of Choosing Crypto Presales, ICOs, IDOs
As we mentioned before, buying new crypto through presales is pretty easy and can lead to surprising profits, but it’s how you choose them that matters. Thus, let’s talk about the top things you should consider when looking for token presales:
- Ensure that the project focuses on security, as this can tell you pretty much about how safe your information will be on that platform;
- Research the token as much as you need to decide whether it’s a scam. These days, scams occur so often, and scammers have improved their technique so much that it becomes harder and harder to tell what’s what. However, with extensive research, you have a high chance of staying away from scams;
- Study the whitepaper thoroughly, as it should tell more about how the project aims to progress. Furthermore, you can check the project’s team, focusing on their past projects and overall experience in the field;
- Don’t participate in all the presales that you find trustworthy; depending on your goal and strategy, some of them may not be useful. For instance, if you participate in an ICO for a crypto game but do not plan to play the game, your tokens might go to waste.
The Importance of Due Diligence
Whenever interacting with the crypto industry, it is extremely important to perform thorough due diligence and research before choosing to trust a project, be it an exchange, a wallet, or a cryptocurrency.
These days, crypto thefts reach surprising amounts, leaving users with significant losses that are often impossible to recover. This is why you have to do anything possible to protect your identity and the funds you hold in hot wallets or on platforms that do not use cold storage.
Be aware of projects that are popular but do not look trustworthy. Some crypto companies may allocate a significant budget to their marketing efforts and start collaborating with major figures in the industry to make their platforms popular.
However, not everything public figures promote is good and will have a future. Take FTX, for instance. NBA, one of the most popular associations in the sports industry, was sued over a deal it had with FTX, the crypto exchange that dramatically fell in 2022.
FAQ
How do I find upcoming crypto projects?
There are multiple ways to find upcoming crypto projects. Some of the most popular include social media platforms, crypto launchpads, and following trusted experts in the industry.
Are crypto presales worth it?
Depending on the crypto project, its plans, and its usability, a token presale can prove to be pretty profitable. Still, you have to focus on what you are going to do with the tokens you get during a presale.
How many tokens can I get during presales?
Usually, it strongly depends on the amount of tokens allocated for that specific phase, the time when you decide to invest, and your budget.
Conclusion
Buying new crypto before listing is a good way of trying your luck to make some profits with little effort and investments. However, it’s not just about luck. Honestly, in this case, you make your own luck.
Thus, try to research the crypto projects before investing, with a primary focus on security, trustworthiness, and the overall usability of the specific token. Always remember that every piece of information is valuable and should be considered, especially when it comes to newly launched crypto projects.
