Here is my concise list on how to find high performing Altcoins in this current and future markets:
HOW TO FIND 100X ALTCOINS
Narrow down the field
Check on Coin Gecko or Coinmarketcap to find a market cap between 500,000 to 10,000,000
Do they have a Low Maximum Supply
Is the 24hr volume 10-50% of total market cap
If they listed on major centralised exchange, the biggest gains are possibly over.
Does it have a good trust score of listed exchanges
Avoid coins only trading on one dodgy exchange
DEFI Checks
Is it listed on Defy Station or BSCScan
Are they Audited by a good auditing company?
Do they offer Insurance?
Is it Deflationary? Or Low inflationary
Is it Listed as potential rug pull?
TVL score showing that there is more locked in the platform than the Market Cap suggest that it is undervalued
Staking Rewards - high annual rewards, low price
Secondary Checks
What is the Market Cap of competitors. e.g. paypal 280bn divided by 1bn MarCap means possible 280x gain
Can you see the 10x or 100x value being reasonable… under $1-5B
Active addresses vs total addresses. Low ratio less desirable… less whales.
Distribution of addresses… e.g. any wallets with more than 10%
Is it a tier 1 protocol? This is great
Tier 2? Still pretty good
Tier 3? OK
Tier 4? Not so great for long term.
DD
Is there a Good team & verifiable they are who they say they are
Are there Good investors
Does it have a Good Website
Does it have a fundamental understandable use?
Is there a Uniqueness to it?
Are there lots of Competitors doing the same thing?
Whitepaper checks:
- Protocol consensus method
- Technology stack
- Interoperability of protocol,
- Scalability of network,
- Use cases
How does the Project roadmap look? Realistic?
Major releases coming out? e.g. Main net releases
Do your Technical analysis on whether it is a good entry point
Social & Community
Is there Positive buzz (Coin Gecko)
Check blogs and Twitter and community for regular updates
How active is the community (coin gecko) & telegram
Active team on Social Media
Other way to find:
Coin Gecko Discover section to find good sentiment
Token Sales
Token Sniffer
Recently Added Coins on Coin Gecko
Entry
Dollar cost average each entry into an alt coin as you may not be able to predict dips and peaks accurately at this volatile stage.