The crypto market is in a full bull cycle. Along with Bitcoin, altcoins have been pumping 10x, 100x, and even 1000x+. New projects are constantly being launched with a token that users can invest in.
The two main networks supporting the DeFi craze are Ethereum + Uniswap and Binance Smart Chain + PancakeSwap. One of the best ways to find new projects is by being active on Twitter and following the right accounts. If you want a good list of accounts to follow, you can follow exactly who I’m following. Check out my Twitter here.
If you want to learn how to catch your own fish, this article will give you 4 ways to find new projects on your own.
DeFi Pulse has been a go to platform for anyone in DeFi, specifically those that have been focused on the Ethereum network. One of the best ways to find new projects is by going through each category on DeFi Pulse and researching the projects.
Each category has its own leaders that have been dominating. However, there are always new projects being introduced with the goal to challenge the top projects. These are the ones we need to find to get those huge gains people have been talking about.
The important thing is to do your due diligence such as researching their team, token model, other credible investors, community, etc. Any project at any time can do a rug pull on their investors so it’s important to always do as much research as you can before putting real money into any token.
If you can find the next decentralized exchange to challenge Uniswap or the next lending platform to go mainstream, it could mean some good upside in this bull market.
Uniswap is a massive beast on its own. It has risen to become the most popular decentralized exchange, competing with the most popular centralized exchanges like Coinbase. Uniswap has been one of the first exchanges new projects have been launching on due to its high liquidity and ease of listing. There aren’t any high listing fees. Projects need LP’s to create a market and the project is ready for investors.
One of the best ways to find new projects on Uniswap is by looking through their tokens area on Uniswap Charts. Here you can get a full list of the projects on Uniswap, with liquidity and change in price metrics. This will give you an idea of the most popular tokens at any current time on the Uniswap protocol.
PancakeSwap is the Binance version of Uniswap. It has gained a lot of popularity as investors realize the fees are considerably less than using the Ethereum network. PancakeSwap also has their own tokens area on the platform.
Also, PancakeSwap has an Initial Farm Offerings (IFO) area where investors can learn about new projects that are launching and can participate in the IFO beforehand. This is an extremely risky investing strategy because as an investor we never know what the outcome of any project will be. They could rug pull on investors at any time, insiders could sell tokens immediately crashing price, or there could be a bug in the smart contract code that hackers could exploit. Make sure to always do your own research and invest with extreme caution.
Another area that I have personally been following closely is new projects being introduced on the Polkadot network. Polkadot is one of the newer layer 1 (or layer 0) protocols that has had a lot of hype. It is led by former Ethereum CTO, Gavin Wood. In my opinion, they have the best chance of challenging Ethereum for top spot in the smart contracts wars.
Just like projects that launched on Ethereum, it can be expected that Polkadot will see many new projects increase substantially in value as they’re launched onto the network. One platform I have been using to track these projects is PolkaProject. You can see projects by category and rank.
There are many different strategies to invest in crypto. The closest thing to being a VC investor without investing in the actual company is by buying early stage tokens. These 4 research methods will help you find new projects that can potentially become big winners.
Nothing I say is investment advice. Do your own research on everything you put real money into. Do NOT take anything of what I say as an endorsement or recommendation.