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– TIMESTAMPS –
1:35 Market Cap
5:29 Exchange Listings
7:30 Onchain Metrics
9:25 Development Activity
11:20 Team Quality
13:25 Project Uniqueness
⛓️ 🔗 Helpful Links & Sources 🔗 ⛓️
► CoinMarketCap: https://coinmarketcap.com/
► CoinGecko: https://www.coingecko.com/en
► Into The Block: https://intotheblock.com/
► Raiden Network: https://raiden.network/
► Raiden Network GitHub: https://github.com/raiden-network
► Alderaan Mainnet: https://medium.com/raiden-network/alderaan-mainnet-release-announcement-7f701e58c236
📈 Market Cap 📈
This is essential for a coin to 100x. You are already starting at such a high base.
Generally, I like to look at those that are below $10 million in market cap. This should give the coin enough head room to really multiply in price should it’s real value be realised in the market.
I usually have a lower bound of about $5 million market cap as well. It’s not a hard stop as there may be a few interesting projects below this cutoff
🎚 Volume 🎚
This is an important metric as it shows just how active the trading of the coin is. It can also be a great way for you to spot coins that have artificial or abnormal volume
So, for me I like to look at those coins that take about 2 to 6 days to turn over their market cap.
💻 Exchange Listings 💻
Seeing where a coin is listed is another important metric as you are, after all, going to be buying it there. You want to know that you can easily get your hands on it and liquidate when you see fit.
👨🏼💻 Address Activity 👨🏼💻
Percentage of active addresses compared to total addresses. This can give you an idea of how many people are really using the network compared to how many are just sitting with their tokens in the wallets. As you can no doubt tell, those with a very low ratio are less desirable.
Another pretty neat stat that intotheblocks has is the ‘Time between transactions’. This is another stat that you can use to give you an idea of just how active this blockchain is.
You will also want to possibly examine the distribution of tokens on the network. Centralisation is generally not something that you want in a project as it means that whales can control the market.
💁🏼♂️ Dev Activity 💁🏼♂️
I love to dive into the GitHub repos of a project. It is perhaps one of the most transparent ways for me to ascertain development activity. One of the only ways that an altcoin can separate itself from the crowd is with impressive tech and this needs to be worked on constantly.
If they link to their GitHub, then you can go over to the insights section over here and you will see the commits, code frequency and contributors.
👨🏫 Project Team 👨🏫
You should also place a large emphasis on this when initially doing your research. A team comprised of individuals who have a background in the space is really important. You should also make 100% certain that all of their information is publicly available and verifiable.
It does also help to have people on board who have a business or marketing background as they can help to forge partnerships which could increase adoption and awareness.
📄 Project Specifics 📄
You have to look into the whitepaper and docs to make sure that the project has a chance of succeeding. You just have to focus on some of the most important points and whether they make sense. Some of these include:
– Consensus method
– Technology Stack (How is the technology Designed?)
– Interoperability (Can the blockchain be used on other Chains?)
– Scalability (Can it scale?)
– Use cases (What is the coin going to be used for?)
– Roadmap (What can you expect from Them?)
🎓 Community 🎓
How big is it and how active are the members?
There are a number of simple tools that you can use to ascertain the size of the following.
You can also jump into the forums / telegram to get a sense of the type of community. Is there a lot of thoughtful discussion going on? Are users genuinely interested in the technology and adoption of the network? Are they helpful welcoming to new members and do they help answer some of their questions?
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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