Cryptocurrency Investing: How To Find Undervalued Altcoins!
There are many research strategies for finding the best-undervalued altcoins to invest in for a potentially high reward.
This article is an overview of how to find undervalued altcoins and crypto gems using Token Metrics. If you are new in the cryptocurrency business and unfamiliar with Token Metrics, get yourself familiar with it here!
Cryptocurrency investment is getting more interesting to people nowadays because of the incredible gains traditional investors are making. So many people today want to invest in cryptocurrency but with the puzzle of how to get started.
Evaluation of cryptocurrency to ascertain its value and the potential reward is very crucial. Don’t pick top gainers in the altcoin market cap and invest in it.
You buy altcoin when they are not popular, undervalued, and when nobody is talking about them and HODL (Hold) until they pump and you sell in high profit.
A good entry point into a project also matters a lot. Because when a project already rallies and it’s about to cool off is not the right time to buy or invest in it.
Here I am going to show you three ways to find undervalued altcoins using Token Metrics.
Before we proceed, if you don’t have a Token Metrics account, Sign up for a free trial now.
1.Get on your computer right now, head on to your Token Metrics account and click — INVESTORS -YEARLY -and take a close look at the coins available.
All the coins you find in the list following the steps above are the undervalued altcoins with potential huge profit as of the time you do this!
This is one of the ways I find winning coins before they rally, and you should try this method using the token matrics free trail.
2. This second method depends on the first one. How?
In your first analysis, open the page of any popular altcoin such as Ethereum, then go to the top-right corner of the page and click CORRELATIONS. You will find a list of less popular altcoins that correlates with the more popular ones. Whenever the popular one pump, all its correlations will also pump. You can diversify your portfolio by invest little in the correlations also.
3.Find a category of altcoin that is not very popular yet and invest in them. If you can remember, when Defi became popular, every defi project exploded. This also happens in Oracle and decentralize storage projects.
Go back to your research in Token Metrics and go to the correlations you find using the instruction in the second method. Look them up in coinmarketcap to know the categories that are not very popular yet and invest in them. This may take some time to rally, but there is a huge potential.
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