Spotting New Crypto Coins Before They Hit the Headlines

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Cryptocurrency can offer sizeable profits for the right investor. However, while Bitcoin remains a viable alternative to centralized fiat currencies, the fact that it is near its all-time high prices means that it is becoming increasingly difficult to make long-term gains from the world’s biggest cryptocurrency. Better opportunities can be found in presales and Initial Coin Offerings. Finding these presales, though, can be tricky.

Most people have heard of Bitcoin by this point, even if it has yet to overtake fiat currency in popularity. It is becoming increasingly common to see e-commerce websites, as well as gaming services taking cryptocurrencies. The likes of Microsoft and Steam have been accepting it for some time, with other vendors joining the pack. The anonymity and privacy of crypto transactions mean they are also popular with online casino players. With no fees, expedient asset transfers, and provably fair gaming, such platforms also belong to the innovative new world of blockchain (source: https://bestcryptocasinos.ltd/). 

Other coins like Dogecoin also had their moment in the media, making them more popular. But the savvy presale sniper needs to find coins that few people have yet to hear of: coins that have yet to be mentioned or discussed in mainstream media.

Social media is a good source of in-depth crypto news. X is especially awash with people shilling the next big thing, and the keen-eyed investor can find many a presale coin. Telegram, the messaging and communication app, is another popular tool in the cryptocurrency sphere, and it has groups dedicated to crypto and identifying ICOs. Reddit and the many crypto-related subreddits can also be goldmines of information if you have the fortitude to dig through all the content.

When you do find coins, be sure to do your own research. Check the whitepaper for any coin you’re considering buying. Research the team behind the coin, look at the tokenomics to ensure that the currency will be well distributed. Take into account any marketing and advertising efforts, and whether the currency has any genuine use cases that will help its success.

Buying coins during a presale provides the project creator with funds to launch the coin. Without these funds, a lot of coins simply won’t get off the ground. In exchange for this financial assistance, the developers offer presale coins at a discounted rate compared to the price they will initially launch at. This means that, as soon as the coin launches, the early investor can make money. Typically, however, the biggest gains will come when the coin is listed at centralized exchanges like Coinbase.

Presales can also offer some other benefits. Some projects offer random airdrops of cryptocurrency to randomly chosen investors. This represents a good way to draw investors in, and if you are fortunate enough to receive the airdrop, it is a good way of further boosting your investment return. If you’re also willing to stake the cryptocurrency, you can earn the cryptocurrency equivalent of interest.

All in all, buying presales early in the cycle gives the greatest opportunity for big profits while also keeping your money away from failing banks. But once the coin hits major exchanges, you will need to decide whether to sell, to benefit from any profits, or to keep holding, if you believe the coin has more potential profit. Cryptocurrency prices move quickly, so you will need to decide and act quickly to get the most benefit from your digital currency investment.