In this blog post, you learn how to find potential crypto projects. Discover effective strategies for researching and analyzing crypto projects, including reviewing whitepapers, using research platforms, tracking developer activity, monitoring on-chain analytics, staying updated with news, and exploring investment opportunities in IDOs, IEOs, and ICOs.
Considering the volume and volatility that exists within present markets, finding potential crypto projects is somewhat difficult. However, there are a number of strategies and resources that you might employ to identify potential opportunities.
- Research Crypto Platforms and Aggregators
- CoinMarketCap and CoinGecko are currently hosting thousands of cryptocurrencies and tokens, showcasing market cap volume, historical performance, links to their official sites, and social media.
- DappRadar and State of the Dapps track decentralized applications in a wide set of blockchains. All of these provide insight into user growth, transaction volumes, and general activity that help to identify trending projects.
- CoinMarketCap and CoinGecko are currently hosting thousands of cryptocurrencies and tokens, showcasing market cap volume, historical performance, links to their official sites, and social media.
- Social Media and Community Engagement Analysis
Twitter, Reddit: Follow influential people, analysts, and project accounts. Keep your eye on crypto subreddits like r/CryptoCurrency, r/CryptoMoonShots, and r/ethfinance for community sentiment and new projects. Disclaimer: Many crypto projects have official groups in the form of Discord and Telegram. Updates, partnerships, and roadmap progress are discussed here. Engaged communities usually tend to signal active development or a strong following. - Review Whitepapers and Technical Documentation
- The whitepaper is the key document to any project; it describes the project’s goals, technology, and tokenomics.
- Focus on: Problem Statement: Is the problem really identified and being solved by this project?
- Technology and Use Case: Is it an innovative technology or an improvement on existing solutions?
- Team and Partners: Are the founders experienced, and does the project have credible partnerships?
- The whitepaper is the key document to any project; it describes the project’s goals, technology, and tokenomics.
You are learning How to Find Potential Crypto Projects
- Use Crypto-Related Research Platforms
- Messari and The Block: These give elaborate research reports, data analytics, and news on several crypto projects. They are good for following market trends and analyzing projects.
- Token Terminal: This provides financial data such as revenues, price-to-earnings ratios, and the like to give an idea of the financial health of projects and their potential for growth.
- Explore Upcoming IDOs, IEOs, and ICOs
- Initial DEX Offerings (IDOs), Initial Exchange Offerings (IEOs), and Initial Coin Offerings (ICOs) are all methods for raising capital on new projects. Websites like ICO Drops, Polkastarter, and DAO Maker track upcoming sales events so you can know when the next new projects will be released.
- Check Developer Activity
- Find Strategic Alliances and Integrations
- Partnerships with already established companies and integrations into popular blockchain ecosystems, such as Ethereum, Solana, or Binance Smart Chain, can bring credibility to the project and give it more chances of growth.
- Monitor On-Chain Analytics
- Utilize features available on platforms like Glassnode, Dune Analytics, and Nansen to determine on-chain data by analysis. Key metrics of focus include active addresses, transaction volumes, and whale accumulation to determine network activity and interest.
You are learning How to Find Potential Crypto Projects
- Staying Informed About News and Trends
- Keep abreast of the latest developments, trends, and market sentiment by following reputable news sites, including CoinDesk, The Block, Decrypt, and CryptoSlate.
- Analyze Market Trends and Sectors
- Other sectors in crypto, for example, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), GameFi, and Metaverse projects, tend to have the trend at other times. Know where the current market cycle is and which sectors are popping up.
- Use Crypto Newsletters and Analysts
- Sign up for newsletters like Cryptodash.com, Bankless, The Daily Gwei, Coin Bureau, or Delphi Digital to get pre-selected insights and analysis on what’s to come in crypto.
- Crypto Investment Funds and Syndicates
- There are many crypto venture capital firms and investment funds that publicly disclose their portfolio projects. It wouldn’t hurt to research investments in companies like a16z, Pantera Capital, or Coinbase Ventures to get some ideas on what projects to check out.
