The world of cryptocurrency is filled with exciting possibilities, and one that particularly attracts many investors is the chance to get in on a new coin early, before it hits major exchanges. This can potentially lead to significant returns.
This blog is a complete guide on how to find and buy new crypto before listing in 2024, allowing you to potentially earn significant profits.Â
Where to find new crypto projects before listing?
There are a number of ways to discover new crypto projects, but it’s important to do your research before investing in any of them. Here are some places to get started:
How to buy new crypto before listing
There are a few ways to buy new cryptocurrency before it hits the exchanges:
Presales:
Projects often hold presales to raise funds for development. This is a chance to get in at a lower price, but there’s no guarantee the project will succeed.
Initial Coin Offerings (ICOs):
Similar to presales, ICOs are fundraising events. Here, you directly buy tokens from the project with cryptocurrency or fiat currency. Do your research thoroughly, as scams are prevalent in ICOs.
Initial DEX Offerings (IDOs):
This method uses decentralized exchanges (DEXs) for token sales. It can be more transparent than ICOs, but research is still crucial.
Launchpads and Pools:
Some crypto exchanges have launchpads or pools for new projects. Polkastarter is a popular launchpad. These can be a good way to find new tokens, but again, careful research is essential.
Top active crypto presale before listing
There are many crypto presales that give early access to a project. Some of the top active crypto presales are:
Pepe Unchained- $PEPU
Pepe Unchained (PEPE) aims to be more than just another meme coin. Built on a Layer 2 blockchain, it promises faster transactions and lower fees compared to the original PEPE coin.
This focus on scalability could be a game-changer for meme coins, which often struggle with high transaction costs. Beyond speed, Pepe Unchained boasts an “instant, low-fee bridging” system, allowing users to seamlessly move their PEPU tokens between different blockchains.
WienerAI- $WAI
WienerAI (WAI) goes beyond just being a meme coin. While it offers the fun and potential for high returns that meme coins are known for, WAI also boasts several features that set it apart.
WienerAI implements a powerful AI trading bot that users can leverage for automated, algorithmic trading. This integration of AI technology has the potential to increase yields and provide a more secure trading experience for WAI holders.
PlayDoge- $PLAY
PlayDoge is a mobile game that combines the nostalgia of Tamagotchi with the popularity of Doge memes. In this play-to-earn (P2E) game, you raise a virtual pet Doge by feeding, playing with, and keeping it healthy. Just like the classic Tamagotchi, good care results in rewards, with PlayDoge using the in-game currency $PLAY.
This $PLAY token can be used for in-game upgrades or potentially even converted to real currency.
BaseDawgz- $DAWGZ
Base Dawgz (BASEDAWGZ) is a meme coin generating interest for its unique features. Built on the Base chain, it aims to be the first Shiba Inu-inspired meme coin to seamlessly interact with other blockchains like Solana, Ethereum, and Avalanche.
Base Dawgz also offers share-to-earn rewards, potentially incentivizing social media promotion and community building.
Benefits of buying new crypto before listing
There are a couple of potential advantages to buying new crypto before it hits the exchanges:
Lower Entry Price:
The main draw is the chance to get the crypto at a discount. Early offerings often happen at a lower price than what the crypto will trade for once it’s available on exchanges. This means you could potentially see bigger returns if the project takes off.
Early Access Perks:
Sometimes, these pre-sales or initial offerings come with bonus tokens or other perks. These could include things like voting rights in the project or discounts on services offered by the project.
How to find new crypto coins early
Here are 3 ways to find new crypto coins early:
- Follow Influencers and Community Discussions on Twitter: Twitter is a center of crypto information. Follow influential figures and analysts in the crypto space to get their insights on upcoming projects. You can also search for trending hashtags related to new coins and join discussions on relevant forums and groups. This will give you a sense of the community’s excitement and concerns about new projects.
- Track Upcoming Coin Launches: Keep an eye on websites that list upcoming Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), and Initial DEX Offerings (IDOs). These platforms allow you to get in on a project before it hits the mainstream market. Some resources include CoinMarketCap, CoinLaunch, and Token Metrics.
- Stay Updated with Crypto News: Crypto news websites and blogs are great for staying informed about new projects. Look for reputable sources like CoinDesk, Cointelegraph, and CryptoSlate. These platforms will report on promising new coins and the latest developments in the crypto space.
Risks of buying new coins early
There are a few big risks to consider when buying new coins early:
- High volatility and price swings: New coins often experience big price swings, meaning they can go up or down very quickly. This makes it difficult to predict how much the coin will be worth in the future and increases the chance you could lose money.
- Lack of historical track record: Since the coin is new, there’s no past performance data to analyze. This makes it more like a guessing game when trying to figure out if the coin will be successful.
- Potential scams: Unfortunately, there are scams out there involving new coins. Fraudsters might create a fake coin with a lot of hype to get people to invest, then disappear with the money.
- Regulatory uncertainty: Governments are still figuring out how to regulate cryptocurrencies. This uncertainty can create instability in the market and could potentially lower the value of new coins.
FAQs
Conclusion
While there are potential benefits to buying new crypto before it hits the exchanges, like getting in at a lower price and receiving bonus tokens, there are also significant risks to consider. These risks include high volatility, lack of history, potential scams, and regulatory uncertainty. It’s crucial to thoroughly research any new crypto project before investing.
