Many of us have seen or heard the term “Gem Coin” on social media. In particular, they are advertised by phenomena. Investors who follow these phenomena carry these Gem coins at prices that will provide X100, X1000 profits. Most of the new investors can make erroneous transactions because they do not fully understand the difference between Scam coin and Gem coin… So what exactly is a “Gem coin”… ? How does it generate such huge profits… ? What are the risks… ?
If you're ready, let's start …
What is Gem Coin?
Gem is the equivalent of the word "Jewel" in English. Gem Coins are the coins that have a very good idea and infrastructure as a project, but are thought to have much more value. In other words; Projects that did not perform very well in the short term but that you expect to achieve very well due to the project, team and audience are called gems.
When the uptrend begins, an extraordinary rise is expected from such coins. The reason for this is that coins are seriously seen as hidden gems. For this reason, it is considered as a medium and long-term investment instead of short-term trading in Gem Token buying and selling. The best example of this is SOLANA.
SOLANA (SOL) started its ascent which started at $1.29 and finished at $259.90, the ATH. x200. Solana is currently 7th in market value. Based on the Solana example, any project can be a potential GEM coin. The important thing is to do the research right.
We've talked about terms and examples here, and we've come to the important part...
How do we know that a project is a GEM Coin … ?
There can be serious fraud cases even in cryptocurrencies whose project and team are well established. The project can be in Scam or Shit coin. Gem Coins need extra attention as they are still new projects. Therefore, some issues require more important and more rigorous research in Gem Coins.
Who the Developer Team consists of … ?; This is one of the most important issues. You can find the developer team's information on the project's website. You should find out about the past experiences and success/failures of the relevant people by doing research on the internet with this information.
What problem does the project provide a solution to… ?; The target problem and solution of the project, roadmap and compliance with the roadmap are important. As Gem Coin, you should have full knowledge of all the details of the project you will invest in. Sometimes that means hours of research. Or you will read the articles of researchers like me that you trust … I do not write articles for money on this platform. I am telling about the projects that I have invested and/or will invest in…
How is the Total Supply Distribution made … ?; The distribution of the total supply is important. For example, if 90% of your entire supply goes to the team and the team is only a few people, there may be a problem here. It is necessary to easily find the network and / or networks in which the project works and the contract address and control it on the network. A realistic tokenomics;
Do the advertisements reflect the reality … ?; New project promotions by well-known analysts are often sponsored content. These projects, which reach hundreds of thousands of people, can take flight quickly depending on the market value. If you come across a lot of sponsored content related to a project, you can at least expect a rise in the short term. With small investments, you can follow the development of the project and finalize your research.
Now it's time for the most important question … How can I find these Gem coins before they hit social media … ?
If you know what you are looking for regarding this topic, several internet platforms can help you.
CoinMarketCap; It is a nice platform where you can follow the cryptocurrency markets. There is all kinds of information about cryptocurrencies. You can check this link for gem coins … I regularly review this platform every day …
CoinGecko; It works like CoinMarketCap on this platform. You can check this link for gem coins … I regularly review this platform every day …
Token Sniffer; It is a platform for all kinds of projects. Scam coins, newly released coins, gem coins and meme-based coins, even newly emerging coins can be viewed here. You are more likely to come across a scam coin while trading here. However, on this site, you also have the opportunity to access cryptocurrencies that are not even listed in the markets.
Reddit Groups; This method will require you to be a Reddit user. If you join this platform and become a member of some groups, you may come across various gem coin projects. However, the most risky method so far will be to research on Reddit.
We did all our research, we decided to invest, where to buy it… ?
You can find it on PancakeSwap and UniSwap, which are generally decentralized exchanges. You can search on PancakeSwap by copying the contract address of the cryptocurrency. PancakeSwap BNB are decentralized exchanges for cryptocurrencies supporting UniSwap ETH networks.
Apart from that, if you want to trade on centralized exchanges, I recommend Gate.io. It is one of the starting points of most Gem projects.
My last words; Investing in unknown cryptocurrencies with a low market capitalization is a risky but profitable investment. Fraud is more common, smart contract bugs are exploited, and they usually drop quickly as they rise.
If you have time to do research; In addition to the issues I mentioned above, if you can read news and articles, if you have low capital and high risk appetite for investment, GEM coins may be for you.
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