There are no mines, pickaxes, or canaries in the world of crypto, but hidden gems – oh they most definitely exist.
So, what are these hidden gems and how do we find them?
Come with us and we’ll search together.
What you'll learn 👉
Unearthing Diamonds: What Are Hidden Gems in Crypto?
A hidden crypto gem is a fairly new crypto project with the potential to increase in price, typically by 1,000% (10x) or more. Some investors think these cryptocurrencies will experience explosive growth sometime in the future, but lack attention and appear undervalued as it stands.
A project’s team and whether they choose to remain anonymous, the potential of the technology or lack thereof, the VCs and advisors supporting the project, the design of the tokenomics, the size of the social media accounts and channels, unique on-chain discoveries, and notable partnerships can all help give a project “hidden gem” status.
Before risking a hidden gem investment, thorough research should always be conducted and investors must be acutely aware that not all hidden gems turn out to be diamonds.
1-in-a-Million: Why Do People Hunt Gems?
The primary driver, of course, is to get an excellent ROI. Beyond financial gain, however, there’s also bragging rights. In a community of hidden gem hunters, the one who finds the project that experiences explosive growth and 1,000% returns will earn respect and credit from their peers.
Finding a hidden gem can validate your gem-hunting methods, thus qualifying your ability to recognize early-stage potential – a desirable quality for all investors. Once you have an algorithm, approach, or strategy that works for you, you can continue to pursue that idea and employ it again in your next gem hunt.
For some, it’s the rush of picking a low-cap coin, buying it, and seeing it grow. Others see the experience as educational and good for their cumulative crypto knowledge, with gem-hunting offering exposure to more projects, communities, experts, and blockchain-related technologies.
Ultimately, some just love the challenge. That’s because gem hunting is not easy. It requires a wide range of research, investigative, and social skills to reach an elite level.
Secrets to Discovery: The 3 Best Ways to Discover Crypto Gems in 2024
DappRadar
DappRadar has a world-class reputation for creating a vibrant and interconnected ecosystem of projects and giving those projects access to quality tools, partners, and services for growth.
The DappRadar website hosts over 16,000 dapps across 64+ chains, and the platform onboards around 300 new projects per month, on average, or 10 per day. With so many projects to start researching, gem hunters visit DappRadar as one of their primary hunting grounds. DappRadar have got a few key products that make gem hunting a walk in the park.
- Hot Contracts: DappRadar allows you to get eyes on the hottest, most active or newly deployed smart contracts before the rest of the market.
- Quests: DappRadar allows users to venture through project quests to earn rewards. You never know what gems you may come across.
- Airdrops Explorer: Airdrop hunting is all the rave. You can find hidden gems and clear guides through DappRadar’s exclusive airdrop hunting tool.
In partnership with OKX Wallet, Polkastarter, AWS and other companies, DappRadar introduced DappLaunch as a comprehensive Web3 launch and growth hub designed for early-stage projects. The platform will allow anyone to gain early access to the latest launches and fuel their gem-hunting career
A pro tip is to access DappRadar PRO! This membership, acquired through staking 30,000 $RADAR, provides users access to even more exclusive quests, airdrop opportunities, and other enhanced features. For anyone taking their crypto gem hunting seriously, this tool comes highly recommended.
DEXTools
Another data-based platform for finding hidden gems is DEXTools.io. The website automatically highlights tokens with interesting price actions in the “Gainers/Losers” and “Hot Pairs” sections, giving gem hunters a good place to start. Once familiar with the search functions on DEXTools, the custom filters empower users to search in detail based on parameters like token type, chain, liquidity, volume, swaps, market cap, and more.
Gem hunters looking to apply their theories and strategies will find these powerful search features very helpful.
Lunar Crush
There are many ways to evaluate whether a project is a hidden gem or a total dud. We’ve mentioned some key ideas, like the teams, advisors, trading volumes, etc, but one trackable metric that often gets overlooked is social sentiment. That’s where Lunar Crush has carved out a space and made it largely their own. It’s also why many gem hunters head to this social intelligence analysis platform to procure data for their sentiment-based gem-hunting strategies.
By combining vast amounts of real-time social and market data into neatly presented charts for fast digestion, gem hunters can gain valuable insights and take immediate action. Keywords, engagement, interactions, creators, sentiment analysis, and the help of AI all allow Lunar Crush to give more actionable hybrid social-market data than anywhere else.
The Next Hunt
As you prepare for your next adventure into the realms of the cryptosphere, consider the three tools we’ve outlined above. You might be familiar with them already, but you might not be leveraging them to your full capabilities or theirs. These platforms could be integral to your investment strategy if you tapped further into their capabilities.
Consider that launchpads are also gem-hunting, just like you, that DEX sites also want to list the next big token, and that data-driven crypto sites recognize they receive an uptick in traffic when their listed gems start to blow up. They have just as much incentive – if not more – to be and support gem hunters as you do. Good luck on the next hunt.
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
