In a bull run, the right tokens can skyrocket your portfolio by 100x. The only skill you need? Sorting gems from noise. Here's how to avoid getting dumped by VCs, influencers, and devs
Before you start choosing a token, you should have a clear idea of what you should pay attention to:
The token must be from one of the strongest narratives of a cycle.
No major unlocks are expected in the near future.
Vesting plan is not "dump only" mode.
Project is supported by famous VCs.
Best influencers are on board.
1. The token must be from one of the strongest narratives of a cycle.
Visit the categories section.
➬ On
@coingecko:
Top Crypto Categories by Market Cap | CoinGecko
➬ On
@CoinMarketCap
Cryptocurrency Sectors by 24h Price Change | CoinMarketCap
Choose a few tokens that pique your interest and dive into their data.
Always remember to choose the narrative first, and then the token. If a token has alternatives, they are likely to grow alongside it, as tokens from the same sector tend to grow collectively (the concept).
Where can you find more detailed data about a token?
➬ You can check it out on
@tokenterminal
Measure and evaluate Blockchains and Dapps through traditional financial metrics. Token Terminal is a Crypto Analytics Platform with Advanced Metrics & Tools.
tokenterminal.com
This tool is like a Bloomberg terminal, but for the crypto.
Token Terminal stands as an innovative platform that gathers extensive financial data from on-chain DeFi protocols and dApps.
2. No major unlocks are expected in the near future.
Analyze the emission of a token and unlocks:
➬ Visit
@Token_Unlocks
Tokenomist.ai provides a complete solution for supply-side tokenomics data. Analyze future token emissions, track vesting schedules, and compare standardized tokenomics and allocation across projects to gain actionable insights
token.unlocks.app
There are some tokens on the market with continuous unlocking which can flood the market, doubling the supply in just 6 months.
If you ask me, I would avoid holding such a token when there might be alternatives without constant sell pressure.
3. Vesting plan is not "dump only" mode.
Check the vesting schedule:
➬ For this purpose, use
@DefiLlama or
@Token_Unlocks
Your main task here is to ensure you won't face sudden sell-offs from VCs, influencers, and devs
4. Project is supported by famous VCs.
Evaluate the VCs behind a project:
➬ You can use
@crunchbase /
@Crypto_Dealflow /
@CryptoRank_io
Good VCs can help a lot, while bad ones will simply dump everything on you.
Focus on tokens that have secured investments from top-tier VCs such as
@paradigm,
@BinanceLabs, and others.
5. Best influencers are on board.
Lastly, evaluate the influencers behind a project.
➬ Check out
@TweetScout_io:
Examine the influencers and VCs following the project account.
This will give you an idea of who might be secretly supporting the project in the early stages.
but thats just me...
