The KuCoin exchange is a TOP altcoin exchange and it is also famous for rare crypto gems. That's why KuCoin is also called the home of crypto gems.
Let me explain how I personally use the new token listings on KuCoin as a starting point to find the next low market cap gem that has the potential to 100x.
If you are searching for the next crypto gem then KuCoin is the place to go to start your search. In KuCoin's News section, you can also find a subcategory for new Token Listings on KuCoin.
The latest new token listing on KuCoin is Everscale $EVER. Let's check out what Everscale is and if it has the potential of a crypto gem.
What Is Everscale $EVER?
Everscale is a network with nearly zero fees. It is fast, secure, and scalable. The Everscale Network can process up to a million transactions per second which makes it extremely fast and cost-effective. The Everscale ecosystem features a number of products, including a Decentralized Exchange and bridges with other blockchains. Everscale states that it is the fastest DEX in the world.
$EVER is the ticker of the native token of the Everscale Ecosystem. At the time of writing, $EVER is located on market cap rank #165 with a total market capitalization of $269,156,331.
According to data from CoinGecko, Everscale $EVER is most actively traded on KuCoin. It is traded as an ERC20 token running on the Ethereum blockchain and the supported trading pair on KuCoin is $EVER/$USDT.
What Is The Potential of Everscale $EVER?
To get it right, the new Token Listings page on KuCoin is the place where you find inspiration. You can find rare altcoin gems among the new listings on KuCoin.
What follows then is good old #DYOR. You always have to do your own research. Here is how I would do it, for example, with Everscale $EVER.
Of course, this is just for the purpose of your entertainment and not financial advice. I may look smart on my profile pic but I am not your financial advisor. Always keep in mind that in the end, you alone are responsible for your own investment decisions and no one else.
The #DYOR part mainly consists of reading a lot, especially sources like the Whitepaper. You should try to gather as much information as possible from different resources.
Cryptocurrency gems are promising the biggest gains for investors. They usually have a low market capitalization. The market cap is the value of all coins and tokens available.
Personally, I have discovered KuCoin, especially the new listings, as a great place to start my hunt for these rare crypto gems. The good thing about all the projects that you can find among the new listings on KuCoin are already researched by the experts from KuCoin. In the world of Decentralized Finance, you can never be sure if a project is legit or not. Luckily, with KuCoin, it is different as all projects had been carefully researched by KuCoin before. Of course, even though KuCoin attempts to screen all tokens before they get newly listed, there are always risks remaining, even with the best due diligence.
Of course, hunting low market cap gems is nothing that I would recommend to crypto newbies. You should only invest in those if you have a certain level of knowledge and you should only invest as much in low market cap gems as you are also willing to lose. The thing is that investing in low market cap gems is risky on the one hand but on the other hand, they have the potential to 100x.
Everscale hit an all-time high of $2.56 on the 13th of October 2020. It was probably bad timing to issue a new token as the cryptocurrency market is constantly going down from November 2021 until today.
To evaluate the potential of a coin, ask yourself this: What is the utility that the coin is bringing to the system? What are its use-cases?
You should definitely find the answer to this question in the project`s whitepaper. If you don`t find any use case or unique selling point at all in the whitepaper then you can throw it directly in the trash and move on to the next project.
A whitepaper should tell potential investors everything they need to know about the project. The whitepaper of the Everscale network contains all this important information.
The Everscale ecosystem features a number of products, including the fastest DEX in the world and bridges with other blockchains. The Everscale network has a unique dynamic sharding technology that makes it fast, secure, and scalable. It has nearly zero fees and it can process up to a million transactions per second.
According to the whitepaper, participants of the Everscale ecosystem can use the native $EVER tokens
- to pay for transaction fees,
- to bridge ecosystems,
- to perform swaps,
- for staking,
- and voting on governance proposals
The Everscale Network has unique features and its native token $EVER has concrete use-cases. The token launched around six months ago at the beginning of the bear market. I believe that $EVER could break the $2 mark again as soon as this bear market is over.
Why Is KuCoin The Go-To Exchange For Trading And Investing In $EVER?
If you want to buy, sell, trade, or invest in $EVER then KuCoin is the go-to exchange. KuCoin offers the highest liquidity as the most active market for trading $EVER is on KuCoin. Over 18 million users in more than 200 countries and regions worldwide can now trade and invest in the $EVER token on KuCoin.
The "People's Exchange" is built for all classes of cryptocurrency investors from novices to professional traders. According to CoinGecko and CoinMarketCap, KuCoin is one of the TOP 5 cryptocurrency exchanges with lots of different features from Spot trading, Margin trading, P2P fiat trading, Futures trading, and Lending.
KuCoin really is a TOP cryptocurrency exchange, especially when it comes to trading rare altcoins as. KuCoin supports a wide variety of currently more than 700+ tradable assets with more than 1,200 different trading pairs. Many altcoin gems like $BLOK, $CHMB, $KMA, $VR, and $DAO, just to name a few, had their primary listing on KuCoin. Personally, I use KuCoin to trade altcoins like Ampleforth $AMPL, Presearch $PRE, or DeFiChain $DFI.
By the way, you can also trade your $AMPL earnings from Publish0x on KuCoin. You can even withdraw your $AMPL and $ETH earnings from Publish0x directly to your KuCoin account. Compared to an on-chain withdrawal from Publish0x, you can withdraw to your KuCoin account more often (every Monday) with a lower minimum amount (only 50 cents).
In the end, KuCoin is not only the go-to exchange for trading Everscale $EVER but also for trading all kinds of different rare altcoin gems. 💎
My Final Words
Do you want to trade Everscale $EVER but you are for some crazy reason not registered on KuCoin yet? In this case, you may want to use my referral link with the invitation code 21vPud5 for signing up. When you use it, it will save you trading fees each time you perform a trade on KuCoin.
If you want to keep yourself up to date with the latest developments on KuCoin, especially new token listings then follow KuCoin on their social media accounts like Twitter, Facebook, Telegram, or KuCoin's official blog here on Publish0x.
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of the potential of newly listed tokens on KuCoin. My intention is not to replace your own research. However, this article really reflects my own opinion.
If that's the kind of stuff you like to read here on Publish0x, click that follow button. Thank you guys for reading, liking, following, and tipping 👍
If you like, you can also follow me on Twitter and noise.cash.
You may also like: How To Earn Cryptocurrency Gems With KuCoin BurningDrop
