How to Find New Crypto Early: Expert Tips for Smart Investors

As you know, newly launched cryptocurrencies are brand-new digital currencies that recently entered the market. One of the main things to understand is that, unlike well-established coins, these new ones are often unknown and untested. As for why people get so attracted to these new coins, it is a mere thrill of discovering something new. However, the early stages of new cryptocurrencies can be a roller coaster because prices are likely to surge dramatically. It also offers a potential for high returns. There are several easy ways to discover new cryptocurrencies early, which can lead to significant value increases in a short period of time. This article provides a detailed explanation regarding it, so keep reading to learn more. 

Proven Methods to Discover New Cryptocurrencies Early

There are several ways to stay on top of new or recently launched crypto coins. However, it is a very involved process and requires taking chances on the unproven coins. The primary advantage of investing in new coins is that they offer potential high returns. Here are some of the easiest ways to find new crypto early:

Track Upcoming Coins via Launchpads and Token Platforms

The best way to discover new cryptocurrencies early is to review upcoming offerings through platforms such as Binance Launchpad, Seedify, DAO Maker, Polkastarter, and Best Wallet’s Upcoming Tokens feature. By reviewing these platforms, you can access new launches while finding initial coin offerings where project developers aim to sell or reward initial backers directly with new coins. Note that there are different ways to access the new offerings depending on the project. 

In most cases, investors will need to stake a platform’s native token to buy in, or they may conduct activities such as promoting a project on social media to earn initial tokens. If you come across any chance to access the initial rewards for free, ensure you thoroughly review the project’s whitepaper, audit status, and roadmap before investing your reputation, time, or money in a new, unproven project.

Join Crypto Communities and Alpha Groups to Spot Early Coins

To discover a new cryptocurrency early, consider joining other types of communities that provide information about emerging opportunities, rather than relying solely on development platforms and groups. For example, you can utilize social media platforms, including Discord, Telegram, or Reddit communities like r/CryptoMoonShots, which often post about new projects. Additionally, you can find that in private communities, local crypto meetups, and conferences that will help you find under-the-radar opportunities. 

Follow Blockchain Development Platforms to Identify New Projects

Another way to find new crypto coins early is to go to their source, that is, by getting involved with blockchain development platforms. For instance, you can follow along with GitHub activity to see the crypto works in progress. Additionally, there are tools like Token Terminal that can help review active development. Understand that following these projects early and looking for signs of innovation and things like new commits may help identify potential future listings that would be worth investing in. 

Leverage Coin Listing Calendars and Aggregator Sites for New Tokens

While there are plenty of ways to find new crypto early, you can also find new and upcoming launches on many different types of crypto websites, such as CoinGecko, CoinMarketCap, and CryptoRank. These websites are said to have different lists and filters that you can use to find cryptocurrencies that you might be interested in investing in. Note that these sites can help identify listing dates and pre-sale schedules, along with information on the exchange list and tokenomics. However, it is important to look for other potential projects rather than relying solely on these sites. 

Monitor Gaming, NFT, and DeFi Projects to Find New Crypto

Since the newly introduced coins will often be tied to the launch of NFTs or projects in areas such as gaming and DeFi. Remember that scouring these ecosystems might help you find upcoming or recently launched cryptocurrencies. There are changes to score free crypto, like governance tokens or other rewards for early adopters, by participating in the project. This can lead to large gains if the project is successful. For instance, participating in a test can help you achieve free or discounted access to new coins. 

Where to Buy New Crypto After Discovering Them and Tips to Evaluate Them Before Investing

After finding new cryptos, you can complete the purchase in different ways. You can easily get access to newly listed coins on decentralized exchanges (DEXs), such as Uniswap, PancakeSwap, and SushiSwap. In order to purchase new coins on DEX, ensure you connect a self-custody wallet to hold eligible crypto for swapping. You may also find new coins on Centralized Exchanges (CEXs), but you may not find as many as with DEXs. The main advantage of CEX is that it offers higher liquidity and more straightforward interfaces. Another option includes purchasing new coins directly from early holders or through over-the-counter (OTC) platforms, which act more like a private exchange. 

Here are some tips to evaluate new crypto coins before investing:

• Properly analyzing the tokenomics and supply model. 
• Always review the project team and advisors because transparency is the key. 
• Reviewing the security and audit status to ensure that trusted third parties have been audited. 
• Verify the existence of a whitepaper or official documentation, as its absence may signal a red flag. 
• Check if the project’s roadmap has met the past goals, as frequent milestone achievements ensure reliability. 
• Verify its community and hype. 
• Ensure the coin or tokens have enough trading volume for easy exit. 
• Be cautious of the tokens that resemble securities or guaranteed returns because anonymity may pose legal risks. 

Risks of Investing in New Crypto and How to Avoid Scams

Always look out for rug pulls and scams, as many new tokens are set up with the aim of stealing money. Understand that new coins can double in minutes or crash quickly, so follow the motto: invest only what you can afford to lose. New coins are prone to pump and dump schemes, fakes and copycats, and overhype. There are coins that are driven up by a few big players or hype, and eventually end up collapsing. Also, some scammers try to copy an existing project’s name or use fake contracts on a popular chain. This is why it is important to verify contract addresses from official sources. 

Another thing to remember is that new tokens might fall into legal areas, and smart bugs can exist. Thus, ensure your wallet and devices are secure while engaging in crypto trading. Try using hardware wallets for larger sums and never share seed phrases or private keys. Lastly, just because a project is trending on social media platforms, it does not mean it is worth investing in. Rushing without really researching can result in significant losses. 

Conclusion: Smart Strategies to Find New Crypto Early

While setting out to find new crypto early, don’t forget to be mindful of the spam and hype. Understand that a good signal includes discussions and questions about a project. Buying new coins before they are listed on major exchanges means you can attain them for a lower price, and the potential profit for early investors is high. New coins are often prone to red flags, including no clear info about the project’s purpose, gimmicky emojis, and developers dodging simple questions. Indeed, finding new crypto early can lead to significant gains, but it comes with potential risks that one should be aware of.