Unearthing crypto micro cap gems
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Finding the next big cryptocurrency is every crypto investor’s dream. But as they say, you have to be in it to win it. The investors who are more likely to achieve that dream are the ones that are avidly researching and investing in altcoins. And not coins like Ether, XRP and Cardano.
We are talking about scratching around at the bottom of the barrel for projects which are busily getting on with it, don’t have the backing of big VCs and are making little noise as they bootstrap their crypto project.
Most of these projects end up as the living dead. They exist but they are for all intents and purposes dead. The founders gave up on their dream for various reasons. There are thousands of dead projects among the 10,000 odd listed cryptocurrencies.
Finding gems is that much more difficult as the number of projects has increased dramatically over the last six months and most of these new listings couldn’t exactly be described as investment grade. The memecoins and yield farming projects that litter the ecosystem has made it more difficult to pick possible winners.
Our work is also hindered by the many forums and influencers who claim to be a valuable source of crypto moonshots. The reality is somewhat different. Many influencers regurgitate the same old cryptocurrencies with no regard to the viability of the business model, tokenomics, number of users and whether the token has even a use. These are all basic considerations which are often neglected as influencers continue to bore us with the technology behind the platform which no one really understands most of all the influencer!
We all want to know only one thing. Is this frickin token going to make us any money?
Like investing in stocks, investing in cryptocurrencies is no different. You must assess the…