Cryptocurrencies once toiled in the financial underbelly. They are now part of the mainstream conversation. As a result, their values and valuations have exploded in the previous decade as investors poured money into the asset class in quest of growth in a zero-interest-rate environment. An early Bitcoin investor would have made enormous profits since the currency’s inception in 2009. Recently, the search for new crypto coins has been on the rise.
The infusion of funds has extended and complicated the boundaries of the crypto investing landscape. In crypto marketplaces, over 18,000 cryptocurrencies are available for trading. To promote its value proposition, each coin employs a slew of technical words, many of which are difficult to comprehend.
So, how do you go about finding new crypto coins? Knowing where to look and how to analyze them can help you determine whether or not the new crypto coins are valuable and worth investing in.
Table of Contents
- Where to Find New Crypto Coins?
- Investigating New Crypto Coins
- With Caution, Approach New Crypto Coins Projects
- FAQ About New Crypto Coins
Where to Find New Crypto Coins?
Should you put your money into an initial coin offering (ICO)? Is it a smart idea to use non-fungible tokens (NFTs)? What exactly is DeFi? Navigating the bitcoin landscape can be difficult. The lack of quantitative and trustworthy standards for evaluation, as well as a variety of frauds in this industry, has further baffled and alarmed potential investors.
Despite these issues, bitcoins remain an appealing asset class. They can diversify your portfolio and provide significant profits due to price volatility. There are various sites where you may keep an eye out for new crypto coins:
- Coinbase, Gemini, Kraken, Crypto.com, Binance, and Gemini are examples of cryptocurrency exchanges. Data aggregators include Coingecko and CoinMarketCap.
- Twitter, Telegram, and Discord are examples of social media platforms.
- Websites include Top ICO, Smith & Crown, and ICO Bench.
- PooCoin Charts, TokenSniffer
- DeFi Platforms: Apps that are replacing traditional financial services. Some may have prospect tokens or coins.
- NFT Marketplaces: OpenSea, Rarible, and SuperRare are popular sites to look for promising new NFTs.
- Initial coin offers (ICOs) are fund-raising events for potential coin launches.
Cryptocurrency exchanges are one of the most trustworthy places to locate new crypto coins. Coinbase, for example, usually offers new coins on its website, but you’ll need an account to get greater access. Binance offers a list of new crypto coins that you can browse over and further explore to see if any are worth investing in.
Aggregators of Data
A data aggregator collects data on specific themes. Cryptocurrency data aggregators are useful for discovering new crypto coins. CoinMarketCap, for example, collects and shows a list of new crypto coins, their values, market capitalization, and trading volume. This type of service assists you in obtaining some of the information you require to evaluate what other investors believe about the coin and whether it has potential.
The Internet of Things
The ability of social media to transmit information quickly is well known. Twitter, for example, is one of the most dynamic and responsive platforms in the United States. Whenever there are changes or new crypto coins, cryptocurrency developers and founders can be found on Twitter tweeting about them. Twitter notifications for certain keywords are extremely useful. “New crypto,” “crypto release,” or simply “crypto” will notify you of any cryptocurrency-related tweet.
Another instant messaging platform that can bring timely fresh crypto coin developments is Telegram.
There are numerous websites where you can look for new crypto coins. Top ICO, Smith & Crown, and ICO Bench are a few of the more reputable ones.
You can use a variety of tools to help you verify the legitimacy of the new cryptocurrency you’re looking at. PooCoin Charts allows you to enter the token’s name or address and displays information on transactions, contracts, holdings, price, and more, allowing you to know who else is active.
Tokensniffer accepts cryptocurrency names or addresses and presents an audit of the coin. On April 21, 2022, for example, a scan of Ax-1 Orbit (address 0x0c…b805) revealed the following information. The coin has been marked as part of a fraud, glitch, or hack.
- Swap analysis: The token is tradable and has a purchase and sell fee of less than 10%.
- Analysis of the contract: Verified contract, no earlier identical contracts, the source is not an owner, no special creator permissions
- Holder analysis: The creator owns less than 5% of the supply, while the other holders own less than 5% of the supply.
- Liquidity analysis: Insufficient liquidity, 95% of liquidity is burned/locked, and the originator owns less than 5% of the liquidity.
- Token resemblances: None
Token sniffer allows you to inspect the contract code and build a bubble map that displays the creator’s address, the addresses of the top 100 holders, and the proportion of the tokens they own. You’ll also see any burn addresses that may exist—burn addresses are where developers send coins to completely delete them from circulation.
Platforms for DeFi
Platforms for Decentralized Finance (DeFi) are a relatively new venue for crypto investments. They operate similarly to traditional finance marketplaces, except that smart contracts are used to perform deals. Many DeFi platforms employ native tokens to ease transactions within their networks. Popular DeFi platforms include MakerDAO, PancakeSwap, and Aave.
Marketplaces for Non-fungible Tokens (NFT)
NFTs are one-of-a-kind digital assets that have been tokenized—that is, linked to an encoded alphanumeric sequence and stored on a blockchain. Because the token’s network validators must validate ownership through consensus, this proves ownership without a doubt.
NFTs are also important components of the metaverse, an emerging technology trend championed by digital corporations.
Popular NFT marketplaces include OpenSea and Rarible, where you can find them for hundreds to tens of thousands of dollars.
There are also specialized marketplaces that concentrate on a specific industry or sport. The National Basketball Association (NBA), for example, has an NFT marketplace called TopShot, while the National Football League (NFL) has teamed with Dapper Labs to develop unique digital video clips of historic moments in its history.
Initial Coin Offerings (ICOs) (ICOs)
In 2018, initial coin offerings surpassed venture money as the major method of funding for startups. Startups and well-known corporations both hopped on the ICO bandwagon. Then, as scams developed in the ICO environment, the Securities and Exchange Commission (SEC) began investigating and cracking down on ICOs.
ETFs (Exchange-Traded Funds)
You can also invest in cryptocurrencies indirectly by purchasing derivatives that trade on mainstream platforms. The Chicago Mercantile Exchange’s (CME) crypto futures, which include bitcoin and ether futures, are a popular choice for investors seeking indirect crypto exposure. Bitcoin-linked ETFs emerged in crypto markets in 2021, based on CME’s bitcoin futures; more are expected to appear as brokerages attempt to persuade the SEC to authorize crypto-linked ETFs.
Investigating New Crypto Coins
Underneath their technical language, cryptocurrencies are goods that fulfill a purpose, whether it’s as a payment method (bitcoin) or as a utility token used to conduct tasks on a blockchain (ether).
Here are some things to consider and tools to help you identify a coin that is not a rugpull—a currency whose developers would accept payments for it and then withdraw it from whatever platform you purchased it from, taking your money with them.
On Ethereum’s blockchain, the token ether (ETH) is used as gas. The phrase “gas” refers to paying for someone’s energy use to validate your transaction. As a result, ETH is an excellent example of a use case that could persuade someone to purchase ETH. Ethereum is built for scalability and future growth. Many decentralized banking apps have been created on its blockchain, and many more are in the works.
The applications for Ethereum, the global virtual engine that drives DeFi and is thought to power Web 3, are expanding. Every day, new utility tokens built to run on the Ethereum Virtual Machine (EVM) emerge.
Bitcoin, on the other hand, was created solely to be used as a payment method. When investors witnessed price gains on bitcoin exchanges, it became more valuable to them. Soon after, it gained a new use case as a store of value and an asset for speculative investors.
The more use cases a new crypto coin and the blockchain it supports have, the more likely the coin will survive long enough to expand. This will not always be the case, as the Shiba Inu (SHIB) is a prime example. SHIB’s value rose in 2021 due to retail investor interest—it has no use cases. It is essentially a cryptocurrency for the sake of being a cryptocurrency, a memecoin—yet it consistently ranks among the top 20 cryptocurrencies in terms of market capitalization.
A cryptocurrency must be liquid, which means it must have enough trading volume for you to sell yours swiftly if necessary. If you come across a cryptocurrency that has no volume, you should consider waiting to see if it will create any. If other investors aren’t trading huge amounts of new crypto coins, it could mean that it’s not yet worth buying or that it’s a hoax.
You must determine the value of a coin that has or may have. If it is valuable to you, it is probable that it is valuable to others as well. This form of value is not monetary; it is more ethereal, such as an NFT with which you personally identify.
For example, this could be a visual that stimulates a joyful memory, and you want the NFT to remind you of it while also hoping for growth.
Some songwriters and musicians are developing NFTs based on their songs; purchasing a song NFT directly support the artists while also granting you ownership of the token (and whatever rights the artist granted when the token was minted).
The previously suggested sports tokens could be the future version of trading cards or films.
With Caution, Approach New Crypto Coins Projects
Cryptocurrencies have emerged from the murky depths of mainstream finance as a legitimate financial asset. The universe of investable cryptocurrencies and crypto-related products and services, on the other hand, is still small and requires careful consideration.
If you’re interested in investing in digital assets and new crypto coins, you should speak with a finance specialist who can advise you on whether the investments are appropriate for your goals and financial situation.
FAQ About New Crypto Coins
How Can I Obtain New Crypto Coins?
New cryptocurrencies and digital assets can be purchased through cryptocurrency exchanges, DeFi platforms, NFT markets, and initial coin offerings.
How Do I Obtain New Crypto Prior to Listing?
To find new crypto coins before it is listed, go to CoinMarketCap and type “regular presale” into the search box. Look for and click on the “market” icon, then look for coins matched with REGU, for as REGU/XYZcoin.
Are There Any New Crypto Coins on the Way?
Every day, new cryptocurrencies and tokens emerge. CoinMarketCap, a data aggregator, lists new currencies and tokens on a daily basis, and TopICO covers new ICOs. Twitter and Telegram are also good social media channels to keep an eye on for new coin announcements.