How To Pick Next 100x Altcoin
What You Need To Know To Pick The Next 100x Altcoin
Important information you need to pick that 100x potential Altcoin without making mistakes
Finding That 100x Altcoin! COMPLETE GUIDE 💯
203,507 viewsJun 24, 2020
1.37M subscribers
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ 📲 Coin Bureau Insider Channel 👉 https://t.me/cbinsider 🐦 Follow Our Twitter 👉 https://twitter.com/coinbureau ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ – TIMESTAMPS – 0:00 Intro 1:35 Market Cap 4:03 Volume 5:29 Exchange Listings 7:30 Onchain Metrics 9:25 Development Activity 11:20 Team Quality 13:25 Project Uniqueness 17:32 Community 19:15 Conclusion ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ⛓️ 🔗 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/ald… ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 📈 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. #altcoin #crypto #ethereum #crypto #moon #trading
How To Pick Next 100x Altcoin
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FULL VIDEO TRANSCRIPT
0:00so you wanna pick an altcoin gem that00:04next low-cap cryptocurrency they’ve got00:0610 20 or even a hundred times and take00:09your crypto portfolio to the moon I know00:12many people who banked a stack full of00:15SATs from investing in undervalued and00:17hidden alt coins however in today’s00:20idiosyncratic markets that has become a00:22lot easier said than done00:24so then how do you find those hidden00:27diamonds in the crypto rough I’m guy and00:30in this video I’ll give you exactly what00:33you need to know to do that00:34I’ll take you through some methods that00:36have been used by those very people of00:38which I speak oh and if you watched till00:40the end00:41I may have one or two altcoin pics that00:43you won’t want to miss00:45[Music]00:52before we get cracking I have to get a00:54few things out of the way I am NOT a00:56financial adviser I am a person on00:58YouTube who talks about crypto and01:00blockchain for your educational purposes01:02always do your own research before01:04investing in cryptocurrency01:06oh yes and for those of you who are new01:09here welcome one and all I take a look01:11at the crypto markets regularly so if01:13that’s something you’d like to be a part01:15of hit on that subscribe button and turn01:17on those notifications get plugged into01:20the matrix final thing01:22there are timestamps below in the01:24description which you can hop around01:26with also feel free to adjust the01:28playback speed to your preference that’s01:30it enough waffle let’s get this show01:33started shall we now let’s face it there01:37are a lot of old coins out there too01:39many to count most of them are01:42coins but those golden nuggets do exist01:45you need to start the process of finding01:47those golden nuggets with a top-down01:49approach an extremely simple initial01:52screening mechanism to get a shortlist01:54of coins that you want to drill deeper01:56into perhaps the simplest of all these01:58is market gap this is because it’s02:01easily available for all kinds and there02:03are a number of tools that track this02:05info quite effectively it’s also02:07essential for your selection of the02:09coins you want to target as you can02:11immediately eliminate those that you02:13know02:13not likely to really ten times or so in02:15the near future you need to find those02:18coins that have really small market caps02:21and hence have the most opportunity to02:24really grow like that for example if you02:27take a look at all those coins in the02:28top 100 of market cap over at CMC it’s02:31pretty unlikely that these will increase02:33as much as a coin that is sitting at02:35around 300 in market cap why is this02:39well it’s just simple maths you’re02:41already starting at such a high base02:43it’s a lot harder to take a project with02:45a market cap of 50 million to 50002:48million than it is to take another coin02:50with a market cap of 2 million to 2002:52million so will then have to set out an02:55acceptable range that we think our02:56altcoin gem could be in and then02:58eliminate all those that are not03:00candidates there are a number of market03:03cap tracking tools out there including03:04coin market cap coin gecko coin codex03:07etc for this screening process I usually03:11use coin market cap this is just because03:13they have a pretty neat filter over here03:16where you can select the market cap03:18range you can also drill down further03:20with other metrics something which we’ll03:22be doing in a bit generally I like to03:25look at those that are below 10 million03:26dollars in market cap this should give03:28the coin enough Headroom to really03:30multiply in price should its real value03:32be realized in the market I usually have03:35a lower bound of about 5 million dollar03:37market cap as well03:38it’s not a hard stock as there may be a03:41few interesting projects below this03:43cutoff however the bulk of coins below03:45this market cap are sorry to be blunt03:47coins they have very little03:49adoption and awareness and even if they03:51have great tech they’re being crowded03:53out so now I have my list of coins that03:56I can start focusing in on this then03:58calls for another filter to further04:00clear the field the next metric that04:03I’ll look at is the volume this is an04:05important metric as it shows just how04:07active the trading of the coin is it can04:10also be a great way if you to spot coins04:13that have artificial or abnormal value04:15ie those that may have some washed04:17trading going on04:19so for me I like to look at those coins04:21that take about two to six days to turn04:23over their market cap put another way04:25the 24-hour volume should be between ten04:28to fifty percent of the market cap04:30now you can’t filter a ratio of two04:32metrics on CMC but you can easily just04:35copy the data over to a spreadsheet and04:37run your own custom filter over it I’ve04:40developed this simple Google sheet where04:42I will manually copy the data into there04:45are ways to develop dynamic screening04:47tools on CMC that use the API but these04:50don’t work too well for the lower market04:52cap altcoins04:53anyways I have this column over here and04:56that has the ratio of the coins volume04:58to its market cap04:59I’ll also run an Excel filter over this05:02so that we are only looking at those05:04coins that we want those with a ratio of05:06between 10 to 50 percent after applying05:09this filter I have the following list of05:1150 odd coins which I will further have05:13to investigate I need to make absolutely05:16sure that the volume is completely05:17legitimate and not compromised of any05:19washed trading we’ve already screened05:22out the most of the coins at wash05:23trading by zoning in on the volume05:25however to make doubly sure we also have05:28to look at their exchange listings05:30indeed seeing where a coin is listed is05:32another important metric as you are05:34after all going to be buying it there05:36you want to know that you can easily get05:38your hands lined and liquidate when you05:40see fit here the coin only trades on one05:43exchange with a dodgy track record then05:46you should avoid it moreover if a coin05:49is to really rally in price it has to be05:51on an exchange that has a large user05:53base an exchange where more people get05:55exposed to it are aware of it and can05:57consequently buy it for browsing through06:01the best exchanges I prefer to use coin06:04gecko as I find their rankings to be a06:05bit more independent06:08so let me take one of the coins that we06:09currently have in our refined list and06:11take a look at the exchanges where it’s06:13listed how about Rayden over here let’s06:17hop on over to coin gecko quickly here06:20when you search for the coins you can06:22select markets this will show you a list06:24of all the exchanges where the coin is06:26trading you can see that coin gecko06:29assigns a trust score to these exchanges06:31as you can see the most volume of Radin06:34is currently taking place on an exchange06:35called buy box then X rates however06:40neither of these exchanges would be my06:42top pick and as you can see coin gecko06:44does not think that much about them06:45either however you can also just take a06:48look at that market depth market depth06:50is another way to think about liquidity06:52those coins that have deeper order books06:54have more liquidity and hence are easier06:57to trade with larger block orders so06:59yeah for these two exchanges it’s a no07:01for me however it’s good to see that it07:04is listed on Finance07:05now most can agree that Finance is a07:07pretty reputable exchange with deep07:09liquidity and reasonable volume it also07:11has the highest web traffic among the07:13exchanges and the most users so this is07:16a great sign for the future potential07:18trading of the token okay so those are07:21most of the market metrics that I used07:23to Zone in on the coins that are worth07:24doing a bit of deeper digging once you07:27have this list we can take a look at07:28some important network metrics unchain07:31metrics are important they show whether07:34a cryptocurrency is being used whether07:36it’s active and not just a nice concept07:39there are a number of metrics that you07:41can look at here from address activity07:42to network participation on staking07:45coins to total transactions etc in fact07:48there are so many metrics to look at07:49that it could be hard to have positive07:51signs from all of them one cannot really07:53use the same network valuation metrics07:55for all coins like this than they do for07:57large cap old coins now there are a07:59number of tools that you can use to see08:01these stats but one of the best out08:03there has to be into the block comm they08:06have a plethora of data and it’s not08:08just resigned to network metrics they08:11offer a 7-day free demo but the paid08:13packages are not that bad at all for08:15what you get08:16anyways the first metric you should be08:18looking at is the percentage08:19of active addresses compared to total08:21addresses this can give you an idea of08:23how many people are really using the08:25network compared to how many are just08:27sitting with their tokens in the wallets08:29activity in this case is of course08:31transactions to and from said address as08:34you can know that tell those are the08:36very low ratio are less desirable of08:38course you could have a situation where08:40both addresses and transactions are08:42increasing at the same rate in which08:43case the ratio will be constant so you08:46can also take a look at both of these08:48ratios independently if both are growing08:51that is a good sign another pretty neat08:54stat that into the blocks has is the08:56time between transactions this is08:59another stat that you can use to give09:01you an idea of just how active this09:03blockchain is moving away from unchanged09:06stats you will also want to possibly09:08examine the distribution of tokens on09:10the network centralization is generally09:13not something that you want in a project09:14as it means that Wales can control the09:17market okay so we’ve now been through09:19some of the most important on chain09:21metrics that help you determine how09:23active the network is but what about a09:25development activity this is why I love09:29to dive into the github repos of a09:31project it’s perhaps one of the most09:33transparent ways for me to ascertain09:35development activity one of the only09:37ways that an altcoin can separate itself09:39from the crowd is with impressive tech09:41and this needs to be worked on09:43constantly it’s not really about being09:45able to read the code that underpins the09:47protocol you just want to see a regular09:49stream of commits in the core09:51repositories you want to make sure that09:53there is active discussion in these09:55repositories if they link to their09:57github then you can go over to the09:59insights section over here and you’ll10:01see the commits code frequency and10:03contributors as an example we have the10:06Radian network stats over here as you10:09can see it appears to be quite active10:10with a regular stream of commits and10:12additions or deletions you can then head10:15on over to the issues tab over here and10:17see the discussion around code additions10:19back to our example over with Radin you10:22can see that there is quite a lot going10:24on over here as well now I should of10:26course caveat that sometimes you don’t10:28get the full picture of development on10:29the public code repositories not all10:32commits are10:33created equal and often developers or10:35code in private repositories before they10:37push it live if you think this could be10:39the case then you could of course head10:41on over to their development Docs or10:43blog to see what they say about it10:45okay so we’ve now been through the10:47screening process without even looking10:49at any of the projects and I know that10:51many of you are thinking that I’m10:53excluding a number of projects but this10:56is important it’s important to have a10:58top-down screening process in order to11:00Zone in on those projects that could be11:02interesting the next stages of the11:05analysis actually involve doing due11:07diligence on the projects themselves and11:09that takes a lot more time and I think11:11something that we can all agree on is11:13that time is money so then now that we11:16have our list of projects that we want11:17to research we can finally look into11:19some other specific information if you11:22know many investors in the venture11:24capital realm you’ll hear that on many11:25occasions they mostly pack the team if11:28the startup has a great team then that’s11:30already a major hurdle cleared for the11:32startup business plan itself as such you11:35should also place a large emphasis on11:37this when initially doing your research11:39a team comprised of individuals who have11:41a background in the space is really11:42important you should also make 100%11:46certain that all of their information is11:47publicly available and verifiable I11:50remember back in the 201711:52ICO craze when fake team credentials11:54were used to promote a project11:56case in point here is a team of an ICO11:59that was conducted back in 2017 notice12:02nothing weird there12:05yes that Kevin Blow looks a hell of a12:09familiar I didn’t know that Ryan Gosling12:11moonlighted as a graphic designer12:13anyways I don’t think you’ll have such12:16an egregious fraud with projects we are12:17looking at but it does show how12:19important it is to verify their12:21credentials12:22check out their LinkedIn github Twitter12:24and other social ‘s when doing so it’s12:27also important to make sure that their12:29skills and background are aligned I12:31generally prefer it when a project has a12:34developer heavy team this is after all12:37all about cutting edge technology so12:39this should be a preference it does also12:42help to have people on board who have a12:44business or marketing background as they12:45can help forge partnerships which could12:48increase adoption and awareness however12:50unusually a bit turned off when most of12:52the team members are ex marketers and12:54self-aggrandizing shills we have enough12:57of that in crypto oh and one more thing12:59there are still a few projects including13:02a pretty well-known one that have13:04pseudonymous developers yes Satoshi did13:07create the most valuable blockchain in13:09the world but in today’s day and age it13:11helps to know who is behind a project13:13there is a sea of I SEOs that manage to13:16exit scam because no one knew who the13:19hell they were so certain Okamoto is the13:22exception not the norm ok once you’ve13:25done your research and are pretty happy13:27with the team behind the project it’s13:28time to get into the weeds and by that I13:30mean the white paper now I know how it13:33is many people try to avoid reading over13:36the white paper but this is a shame13:37there is so much important information13:41that you can glean from doing so13:42moreover a really crappy or fluffy white13:45paper could be another sign that you13:47should avoid it you should also read it13:50with a pinch of salt as it may not be13:51fully updated however it’s an important13:54first step in order to get a vague13:56understanding of what the project is13:58about you don’t have to study it inside14:00and out as though you’re writing a14:01thesis on it you just have to focus on14:04some of the most important points and14:05whether they make sense some of these14:08include consensus method technology14:12stack interoperability scalability use14:17cases14:18roadmap14:20let’s take a look at each of those14:22individually shall we the consensus14:25method is important as this helps us14:27determine not only how secure the14:28blockchain is but also whether it’s14:30scalable there are a plethora of14:32consensus protocols out there with our14:34own pros and cons some are pretty unique14:37and ingenious others are more plain14:40vanila I’m not going to go over it here14:42as it’s a topic on its own entirely but14:45do note that it’s an important factor14:47you should consider the technology stack14:50is a pretty broad term but it means the14:52general structure of the network how14:54broad is it are there numerous different14:56layers where additional technology and14:58functionality can be built how does this15:00technology stack make the project unique15:02amongst all of its peers15:04interoperability means a protocol can15:07interact with other block chains and15:08networks this could help the network15:10access liquidity and applications from15:13other ecosystems while the project may15:16not be completely interoperable to start15:18it’s great to see a plan to reach that15:20holy grail of connectedness scalability15:24is one that I’m sure you are pretty15:25familiar with it is after all bandied15:28about quite frequently quite simply if a15:30network cannot scale then it will15:32eventually suffer bottlenecks this is15:34something that we see with some of the15:36most popular block chains today if a15:39project has a consensus method that is15:40scalable then that is a plus but will15:43they also develop other scaling15:45solutions15:46perhaps off chain etc15:49use-cases is pretty self-explanatory the15:52only way that you’re really going to get15:53adoption for a network and the currency15:55is whether there are defined and15:57reasonable use cases you also have to15:59ask yourself whether these use cases16:01make sense or are just a bunch of16:03mumbo-jumbo for example who needs a16:06cryptocurrency for dentists and yes16:08there is a coin that exists like this16:13finally we have that roadmap this may16:15not always be up-to-date in the white16:17paper so I do encourage you to take a16:19look on their website if they have it16:20but basically a road map is an essential16:23part of a growing project it’s one thing16:25to have a theoretical construct of what16:27you want your network to look like but16:29it’s another thing entirely to execute16:31on it16:32are there defined goals and timelines in16:35the road map is it detailed enough to be16:37able to measure their performance in16:39meeting these goals and timelines based16:41on previous milestones have they met16:43them or constantly pushed it back with16:45delay after delay and while we’re on the16:48point of delays I understand that it’s16:50sometimes hard to keep to a defined16:51timeline when developing such nascent16:54tech but there has to come a point where16:57a project has to be adequately penalized16:59for missing these guidelines there are17:01some projects today that despite having17:03completed I SEOs back in 2017 have still17:07not released a main net anyways as17:10mentioned a lot of this stuff may not be17:12available in the white paper and it may17:14be dated that is why you should then17:16take a look at what has been going on17:18with the project since it’s been17:19released apart from the activity in the17:22github you can also take a look at their17:23blogs social media and other17:25communication channels to see where the17:27project is going now something else that17:30can really help increase the awareness17:31and adoption of a cryptocurrency is of17:33course the community how big is it and17:36how active are the members there are a17:38number of simple tools that you can use17:40to ascertain the size of the following17:42if you head on over to coin gecko you17:44can get a sense of just how many17:46followers there are and how active these17:48users are you can also head on over back17:50to the site that I mentioned and dive17:52deeper into their social stats there is17:55an entire section for that there for17:58example here is the Raiden network18:00tokens Twitter sentiment that has had18:02some positive mentions over the past few18:04days of course for smaller communities18:07and projects like this the data can be18:09sparse that’s why I like to dive a18:11little deeper in order to determine18:13exactly what type of community this is18:15the caliber and dedication of a project18:18community speaks volumes about the18:20broader potential well18:22jump into the telegram groups or read18:23through the forums I can easily get a18:25sense of what type of community we’re18:27dealing with is there a lot of18:29thoughtful discussion going on I use18:31this genuinely interested in the18:32technology and adoption of the network18:34are they helpful and welcoming to new18:37members and do they help answer some of18:39their questions these are all strong18:42community signals in my opinion if18:44however I see a flood of memes and18:46personal attacks it raises a few red18:49flags people who throw around the word18:52Fudd for a lack of a solid argument just18:54grind my gears and turn me off of a18:56project now why is this important well a19:00community that is passionate about the19:01project has staying power they’re19:04interested in seeing the cryptocurrency19:06adopted and know the exact reasons as to19:08why it will be they’re also willing to19:11spend the time to make sure that others19:13are aware of the project free marketing19:15if you ask me that’s it guys19:18my main criteria I use when screening19:20for alt coins now there are other19:22factors that I take into account but19:24this video is getting long perhaps it19:26calls for a follow up down the line but19:29I do hope that you are able to use some19:31of these methods to screen for your own19:33alt coins remember time is money and if19:36you’re able to Zone in on those projects19:37with the most promise really quickly19:39you’re already on the right track19:41okay so many of you are no doubt19:43wondering what might altcoin tips are19:46well if it was no coincidence that the19:48Raiden Network token was featured in the19:50video and screen I think that this is an19:52interesting project that not only meets19:54all of my criteria but is also one of19:57the etherium sidechain scaling solutions19:59with the most promise there has also20:02been quite a bit of activity on the20:03project recently at the end of May20:05Rayden released their old around main20:07net live on the etherium main net it’s a20:10beta release but it’s the first full20:12suite version of Raiden I’ve linked to20:15the docs below if you want to read them20:16now I should of course caveat that I20:18don’t personally hold any rdn however it20:21is a project that I have my eyes on and20:23I will keep you guys updated should I20:25decide to scoop some up and that’s it my20:28fellow fans I know it’s been a long one20:30so thank you for sticking in there I do20:32want some of your valuable feedback20:34though what do you guys think of mic20:36aren’t there any tools that you use to20:38screen that I haven’t mentioned I’d love20:40to know in the comments finally if you20:43like this content then please do drop me20:45that like if you love this content then20:48show the love by subscribing much more20:50content is just around the corner thanks20:54for making it to the end of that video20:56as one of my loyal viewers I have20:58something very important to share with21:01you have you heard of my weekly21:03newsletter it’s basically a compilation21:05of all the interesting content that may21:07have flown under your radar news reviews21:10analysis and hot market tips want to be21:14a part well don’t delay just scoot on21:18over to the description where you’ll21:19find a link to my signup form there you21:23can enter your email address hit submit21:25and hey presto you are a coin Bureau21:29insider my next newsletter is being21:32cooked up as we speak one you won’t want21:35to miss see you next time chaps21:38[Music]21:46you English (auto-generated)