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How To Find the Next 1000x Crypto Gem Before Everyone Else

The key is to find these crypto gems before everyone else. And you can do so by applying some strategies on how to find them. I’ll talk about the most used strategies you can use to find the next 10x, 100x, or even 1000x crypto gem. Let’s jump right in.

1000X Altcoin
It is always fascinating to hear stories about how someone invested a couple of thousand dollars into a cryptocurrency and turned that into millions of dollars. Two brothers from New York invested about $7,900 into Shiba Inu (SHIB), a coin created as a spinoff of Dogecoin (DOGE), and their initial investment ballooned into nearly $9 million.
Dogecoin itself was already created as a joke and became widely popular with the help of Elon Musk’s tweets. These so-called meme coins and altcoins have created many millionaires, as well as meme stocks like GameStop and AMC. But by the time everyone is talking about it, it is often too late. The biggest gains have already happened, and if you jump in because of fear of missing out (FOMO), the chance of losing your investment is high.
The key is to find these crypto gems before everyone else. And you can do so by applying some strategies on how to find them. I’ll talk about the most used strategies you can use to find the next 10x, 100x, or even 1000x crypto gem. Let’s jump right in.

What are crypto gems?

Crypto gems are cryptocurrency coins and tokens which are undervalued and out of the public eye, with the potential of delivering massive gains. These new coins often have a very low price, often under a cent each, and provide the possibility of great returns. Because these coins have a smaller total market capitalization (often just called a market cap), it requires a lot less market participation and volume to increase the value of these coins by 100x. For Bitcoin (BTC) or Ethereum (ETH) to do a 100x from where they are now, it would require hundreds of billions, if not trillions of dollars, of new money flowing into them.
It is also important to be able to spot the scams from the legit coins. And even with legit coins, there is a high risk involved. I’ll go into how to spot risks and make wise decisions when buying these coins.

What to look for in crypto gems

There are many criteria you could be looking at to determine if the risk/reward ratio of buying a specific coin is worth it. A crypto gem doesn’t need to have all of them, but the more the merrier, and with it comes a higher chance of it turning out to be a crypto gem. Here are the most important ones:

The team behind the coin

The first place to start researching about a coin is to look at the whole project itself. Visit the website and look who is the team behind it. Try to find out what other projects they have been involved with, how capable they are of delivering on the promises made, how active they are on social media channels, and if they take suggestions from the community into consideration. Look also into how the coin fits into the crypto ecosystem, the possible use cases, and the roadmap of the project.
While researching the team, look also into who the backers of the project are. Crypto venture capital firms often back several projects, and you can research if they are reputable and if other coins they have backed performed well in the past.

Price of the coin

The influence the price of a specific coin has is a tricky subject because the effect it has is mostly due to human psychology. When people consider buying Bitcoin, and the current price of Bitcoin is into the tens of thousands of dollars for a single coin, it doesn’t feel appealing to own just a fraction of a Bitcoin. But when buying a coin worth fractions of a cent, it feels better to say you own tens of thousands of that coin and then make up scenarios in your head about how much your stash will be worth if the coin reaches a cent or even a dollar. This is also why companies often split their stock, to make it more appealing to retail traders.
But in crypto, it is important to take into consideration the total market cap of a coin, which is calculated by multiplying the number of coins in circulation by the price of the coin. As of this writing, Bitcoin is valued at $34,000 and has 18.7 million coins in circulation, giving it a market cap of $640 billion. Dogecoin is valued at $0.23 and has 130 billion coins in circulation, giving it a market cap of $30 billion. Now, many who have bought DOGE have done mental gymnastics and calculated how much their holdings would be worth if one DOGE reached the price of one BTC. But if one DOGE reached that price, the total market cap of DOGE would reach $4.4 quadrillion, about 50 times the world’s GDP. See how that is absurd?
So, keep in mind that a low price is advantageous, as the coin becomes more attractive due to human psychology, but also look for the number of coins in circulation and set realistic expectations.

Analyzing the smart contract

Many of these coins are created as tokens on a blockchain like the Ethereum blockchain or the Binance Smart Chain. They are created through smart contracts, which can’t be changed, and sets all the functions and parameters of the coin. Now, while this may look complicated, after reading into how smart contracts work, and with some experience, it gets easier to understand what the smart contract is capable of and how the token was created. For example, if the owner of the smart contract can mint new tokens, how many tokens he holds, and how the distribution was made. It also helps to check if any exploits due to bugs in the code are possible.

Number of holders

Using blockchain explorers like Etherscan for the Ethereum blockchain and BscScan for the Binance Smart Chain, it is possible to keep track of how many different wallets are holding the coin, and how much each holds. Ideally, especially for new coins, the number of holders would be increasing as it gets more popular, and no single wallet should hold too much of the coin.

Red flags to look out for in crypto gems

Now that we’ve talked about what to look for in undervalued coins, let’s talk about the red flags you should avoid.
High promises. As with everything else in life, if it sounds too good to be true, it probably is. If the team is saying this coin will pump 100x in a week, or that you’ll get 10% interest daily holding it, run for the hills and don’t buy it. They are often just trying to pump the price of the coin so they can unload their own bags onto these new buyers.
Possible exploits in the code. As mentioned earlier, it is hard to read a smart contract and understand if exploits are possible. So many just rely on the fact that someone else probably already did the due diligence and the smart contract is safe.
Some projects, to increase the legitimacy of their coin, hire firms like Certik and Hacken to perform smart contract audits and then publish those results. It does give a higher degree of reassurance that the smart contract can’t be exploited.
Inactive team and community. In the short term, an active team that understands marketing with raving fans in the community beats a team focusing on building something great but in the long run, even if their project is better.
Bad tokenomics. Tokenomics is a term used to describe the study of a cryptocurrency. How the distribution of the coin was made, the use cases, the vesting schedule, the number of coins in circulation, and the total supply. Coins with bad tokenomics usually have founders holding a large portion of the coins, or initial backers and crypto investors bought coins at a huge discount and are just waiting for their coins to unlock so they can dump them and recoup their initial investment with profit.

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