Since 2010, cryptocurrency prices and valuations have seen impressive gains as investors invested money into what had previously been considered an obscure area of finance. Investors now embrace it, becoming part of mainstream dialogue. Given zero-interest rates, many invested early into Bitcoin would have experienced tremendous returns.
The rapid proliferation of cryptocurrencies has complicated and expanded the investment landscape. Over 18,000 coins can now be traded on cryptocurrency exchanges; each coin uses various technical terms that may be difficult to explain when selling its value proposition.
Discovering new cryptocurrency can be challenging if you don’t know where or how to evaluate them.
Where To Find New Crypto Coins
Are Initial Coin Offerings (ICOs), Non Fungible Tokens (NFTs), and DeFi worth considering as investments? Navigating the cryptocurrency landscape can be complicated. Due to an absence of quantifiable and trustworthy evaluation criteria in this market, potential investors often remain suspicious and remain wary.
Cryptocurrencies remain a captivating asset class despite their disadvantages, with several locations offering tracking of new cryptocurrency coins being launched:
Exchanges
Exchanges New coins can often be found through cryptocurrency exchanges. Coinbase provides an easy way to keep up with emerging coins; Binance offers its own list of newcomers so investors can explore any worth investing in.
Data Aggregators
A data aggregator collects information on specific topics. Cryptocurrency data aggregators such as CoinMarketCap can help you discover new crypto coins. With its comprehensive listing of new cryptocurrencies’ prices, market caps, trading volumes and trading volume; CoinMarketCap provides investors with all of the data needed to evaluate whether an asset has potential while gathering opinions of other investors about what other investors think about its viability.
CoiGecko provides similar information regarding new coins as CoinMarketCap.
Social Media
Twitter is one of the fastest moving and responsive platforms available in the US. Cryptocurrency developers and founders may often tweet about their coins on this social platform; notifications for specific keywords (such as ‘new crypto’ or ‘crypto release’ tweets ) can provide useful alerts if there are any news related to cryptocurrency immediately.
Not only can Telegram deliver timely updates about crypto coin developments, but you can also track them via other instant messaging platforms.
Websites
There are various dependable platforms where one can purchase new tokens, such as ICO Bench, Smith & Crown and Top ICO.
Tools
PooCoin Charts allows you to enter any token name or address and view information about transactions, contracts, holders, price, and more to determine who else may be active in a token ecosystem. You can quickly see whether someone else is participating.
Tokensniffer allows users to enter any cryptocurrency’s name or address and view an audit of it. For instance, scanning Ax-1 Orbit (address 0x0c…b805) on August 13, 2022 revealed information such as this.
The coin was identified as part of a scam, bug, or hack.
Tokens can be exchanged for other tokens or fiat currency at a fee that falls below 10%, making buying and selling tokens convenient and efficient.
There are no special permissions, prior contracts or sources verified to verify content creation.
Fewer than 5% of tokens are held by team and founding members; 95% belong to token holders.
Liquidity is in short supply, as 95% has already been burned/locked away and the creator holds less than 5%.
Token sniffers allow users to view contract code and create a bubble map that shows creator’s address, top 100 holders’ addresses and percentage holdings, burn addresses and any permanent withdrawal addresses that might exist here.
DeFi PLatforms
Decentralized Finance (DeFi) platforms are an emerging venue for cryptocurrency investments. A DeFi platform operates like an traditional finance marketplace but transactions take place via smart contracts instead. Many DeFi platforms also utilize native tokens within their networks in order to facilitate transactions; some examples include MakerDAO, PancakeSwap, and Aave.
Non-fungible Token (NFT) Marketplaces
Tokenizing (encoding an alphanumeric sequence relating to an asset and storing that information on a blockchain) is the process of creating NFTs (non-fungible tokens). Network validators must reach consensus to confirm ownership of each token without question.
Enterprises that operate digitally are advocating for the metaverse, an emerging technology trend which uses NFTs as key components.
Popular Non-Farm Transfer (NFT) Marketplaces such as OpenSea and Rarible allow buyers to find NFT items ranging in price from hundreds to tens of thousands of dollars, while specialist marketplaces for specific industries or sports exist; TopShot for National Basketball Association and Dapper Labs’ partnership are two examples.
Initial Coin Offerings (ICOs)
In 2018, entrepreneurs raised the most funds through initial coin offerings (ICOs), surpassing venture capital as the preferred funding method. Unfortunately, however, scams flourished throughout its ecosystem and the Securities Exchange Commission began investigating and penalizing ICOs.
Exchange-Traded Funds
Exchange-Traded Funds Investors can also invest indirectly in cryptocurrency through futures contracts that trade on mainstream exchanges, like Chicago Mercantile Exchange’s (CME) cryptocurrency futures for bitcoin and ether, which are popular with those seeking indirect exposure to crypto assets. Bitcoin-linked ETFs based on CME bitcoin futures were first offered for trading in 2021–more are still being proposed as brokerages try to convince the Securities and Exchange Commission (SEC) to approve crypto-linked ETFs.
Researching New Crypto Coins
Bitcoin can be used as a form of payment, while alternatives like Ethereum may be used as tokens on blockchain to complete specific tasks. Here are some pointers that will help you identify whether a coin isn’t a rugpull: rugpulls are created by developers who accept payments then quickly withdraw it from all exchanges it was purchased from and take their cut from any payments received before keeping their earnings.
Use Cases
Use Cases Ethereum users pay for the energy consumed when using its blockchain with its token, Ether (ETH). ETH serves as payment to verify transactions on the platform and may attract investors because of its versatility; someone wanting to invest might find ETH appealing due to its use in verifying transactions on the Ethereum network. Investing may also be motivated by Ethereum being designed with scalability and future development in mind; many decentralized finance applications utilize its blockchain for decentralisation purposes and more are being created using it every day.
Ethereum, a global virtual machine which powers DeFi and Web 3, is experiencing increasing adoption. Every day, new utility tokens based on Ethereum Virtual Machine (EVM) come online.
Investors began to notice price increases on cryptocurrency exchanges and an increase in value as an online payment method for goods or services. Soon afterwards, it created a new use case as an asset store of value for those looking to speculate with it.
Shiba Inu (SHIB), however, stands as an example of when this doesn’t occur. SHIB rose dramatically in 2021 primarily on retail investor interest despite lacking any real use cases; it remains among the top 20 cryptocurrencies by market capitalization regardless.
Liquidity
Cryptocurrencies should offer enough liquidity so you can sell them quickly when desired. If a cryptocurrency with relatively small volume appears promising, wait and observe its development before investing heavily in it yourself. If investors don’t appear interested in purchasing large volumes of new cryptocurrencies from you yet or see no value in doing so themselves, that could indicate they may not be worthwhile or be an indication of scamming activity.
Value
A coin’s value may either be monetary or non-monetary. You should be able to identify whether a particular coin holds any significance to you; non-monetary values can often be more subtle; such as an NFT that you connect with on an emotional level – for instance, something as simple as an image that triggers pleasant memories could hold value for you and you would want that memory brought up again as well as anticipating its growth further down the road.
Some songwriters and musicians are creating non-fungible tokens (NFTs) from their music; purchasing an NFT directly supports the artist while giving you ownership of its token (and any rights the artist granted when creating it). Sports tokens may become the equivalent of trading cards or videos in future.
Approach New Coin Projects With Caution
Cryptocurrencies have emerged as a viable investment asset from the backwaters of mainstream finance, but their market remains limited and due diligence should always be applied when considering investing in crypto-related product and service offerings.
If you plan to invest in digital assets or new cryptocurrencies, consult a financial professional first in order to make sure the investments fit with your financial goals and circumstances.
How Do I Get New Crypto Coins?
New cryptocurrencies and digital assets can be acquired at cryptocurrency exchanges, DeFi platforms, NFT marketplaces and initial coin offerings.
How Do I Get New Crypto Before Listing?
Prior to being listed on an exchange, new cryptocurrencies may be offered through presales. These offerings could be announced through social media, news sites or crypto-specific tracking websites like CoinMarketCap; research into both project and team is key in any crypto asset investment decision.
Are There Any New Crypto Coins Coming Out?
Every day, new cryptocurrencies and tokens are being introduced. CoinMarketCap tracks this activity while TopICO lists new initial coin offerings (ICOs). Twitter and Telegram have become popular social media channels for coin announcements.
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