How to Research Promising Altcoins:
Several altcoins are currently at their strongest support levels, and there's no solid reason to doubt that these supports will hold. While we’re seeing a negative trend in the market today, these altcoins still seem resilient despite the ongoing chaos. The key to identifying good altcoins is spending time researching each project. Visit their websites, read the white papers, and get familiar with the team behind the project. This due diligence will help you spot the best opportunities and understand the charts where these altcoins are positioned.
Don’t fixate on the idea that prices will keep dropping, and don’t rely on that list of coins you made months ago. Keep exploring — there are many projects out there that are already at their lows, and you might find some with significant potential. There's much more than you think.
Please don’t ask me to directly point out coins for you, because as I've mentioned before, I don’t have permission from brokers to provide specific recommendations. If you’ve been following me for at least three months, you should understand that I avoid giving direct coin suggestions.
Here’s what I recommend: Dedicate your weekends or any other time that works best for you to research new projects. Create a list of 20 coins. After that, organize them into different sectors like RWA (Real World Assets), AI, Gaming, NFTs, and DePIN. Then, during the week, set aside time to dive deeper into each one.
Here’s what to do next:
Visit the coin’s official website.
Read the white paper thoroughly.
Analyze the tokenomics.
Investigate the partnerships and initial investors.
Reach out to the project team with any questions.
Engage with analysts, developers, and KOLs (Key Opinion Leaders). This step is crucial because it connects you with others who may have valuable insights.
Once you’ve researched these 20 coins, categorize them into three groups based on your findings:
Great
Good
Doubtful
Ideally, you should have at least 7 coins in the “Great” category. If you don’t, expand your list beyond the original 20. Once you have your “Great” coins, check their charts to see which ones are sitting at their strongest support levels.
If a coin in the “Great” category is still above its strongest support by 60% or more, it may still be worth considering, even if there’s a risk of it dropping by 30%. What matters most is the project itself. If a coin is well above 400% of its strongest support, it might be time to look for another coin to replace it.
Of course, there are other factors to consider, but if you at least follow these steps, you'll position yourself in promising projects. Always remember: the best projects solve real problems or simplify complicated processes.
Forget about all the noise — the altcoin season will come, whether you're ready or not. The key is being positioned well when it happens.