If there is anything that the crypto industry has an abundance of, it’s tokens for investors to choose from. At any given time, there are tens of thousands of cryptocurrencies in existence, and the success of the industry means that this number is only going to grow.
As an investor, you must understand how these tokens manifest within the market and how to find the most worthwhile ones. In this article, we will explore the different types of cryptos entering the market, the possible risks, and how to find the best ones.
The New Tokens Entering the Market
The crypto market has many different niches of assets, and these are being launched every day. You have speculative tokens whose value is based on the forces of demand and supply. You have stablecoins that are pegged to the value of traditional assets like fiat currency. You have meme coins which are based on popular internet lore and jokes. There are AI coins that are powered by novel artificial intelligence technology. These are just some of the many types of cryptos you can buy. At the same time, you have to be aware of the presence of shitcoins and scam tokens that have nothing to offer.
How to Find the Best Ones
To find the best new cryptos, consider the following:
Crypto Exchange Listings
One of the best places to turn to for new crypto inspiration is crypto exchanges. Exchanges are always adding new tokens to their roster, so looking at the listings will give you an idea of what tokens are entering the market. On top of this, the tokens are reviewed by the exchange’s team, so you can be sure that they are not scam tokens or shitcoins.
As Carlos De Lanuza writes, new cryptocurrencies on Coinbase include virtually every niche you can imagine, so no matter what you are looking to invest in, you should find some inspiration. Head over to your exchange of choice and see what tokens will be debuting there soon.
Presales
Pre-sales are a very unique opportunity for crypto investors as they feature tokens that have not yet debuted on exchanges. These tokens are sold at a lower price than the exchange listing one, so you can make an even bigger profit if they succeed in the market. Exploring presales means that you can get your hands on some of the most innovative new tokens before anyone else in the market. You can also get access to exclusive perks that only presale investors will be offered. As you do this, make sure to do your research as not every presale is legitimate.
Token Aggregators
You’re probably familiar with sites like CoinMarketCap that list the current stats for virtually every token in the market. While most of us turn to these sites to get information on established tokens, they can also be a way to find new tokens. Just like with exchanges, you can search by the most newly listed tokens, and look at their market performance. This means that you not only see what tokens are just making headway in the markets but also see how they’ve performed so far. Many of these aggregator sites also contain links to news articles and analysis pieces, so you can decide in an instant if the token is worthwhile.
Crypto Media
There is no shortage of crypto-focused media, and these often report on new tokens as well as established ones. By taking a look through a popular crypto new site, you’ll see information about which new tokens are getting buzz in the industry, which have made record gains, and which are on their way to launch. As an investor, you should be regularly visiting these sites regardless, but they are especially important if you are looking for new tokens. Respected crypto media sites only cover reputable tokens so this means that you’ll be exposed to the best.
Investor Communities
As a crypto investor, you are never completely alone in your journey. There are millions of people around the world also looking to make money from crypto assets and you are best off leaning on them for support and information. There are Telegram groups with traders of all backgrounds, Discord channels, Twitter Communities, and so on. Seek out these communities and you should gain information about the newest tokens. Beyond this, you’ll get real-time opinions on whether or not these tokens are promising, general feedback about investment choices, and just a sense of support.
Conclusion
Finding the best new crypto tokens to invest in can seem like an uphill battle. However, there are many sources you can turn to for this valuable information. From closed communities to popular news websites focusing on crypto, these will all aid in your search.
