So you want to know how to find next 100x coin that is the next low cap cryptocurrency they’ve got 10, 20, or even a hundred times and take your crypto portfolio to the moon. In this article, I will show you can find the next 100x coin step by step. 

Market Cap :

There are a lot of altcoins there are too many to count. most of them are shit coins but those golden nuggets do exist. The first and initial criteria to shortlist the coin is market cap. because it’s easily available for all kinds and there are a number of tools that track this information quite effectively.It’s also essential for your selection of the coins you want to target as you can immediately eliminate those that you know not likely to really ten times or so in the near future.

You need to find those coins that have really small market caps and hence have the most opportunity to really grow like that. For example if you take a look at all those coins in the top 100 of market cap over at CMC it’s pretty unlikely that these will increase as much as a coin that is sitting at around 300 in market cap.

There are a number of market cap tracking tools out there including coin market cap, coin gecko, coin codex, etc for this screening process you can use coin market cap this is just because they have a pretty neat filter. Where you can select the market cap range and also you can drill down further with other metrics.Generally, we look at those that are below 10 million dollars in market cap this should give the coin enough headroom to really multiply in price.

Volume :

This is an important metric as it shows just how active the trading of the coin is it can also be a great way to spot coins that have artificial or abnormal value i.e. those that may have some washed trading going on. So you can look at those coins that take about two to six days to turn over their market cap. Put another way the 24-hour volume should be between ten to fifty percent of the market cap.

Exchange Listings :

Seeing where a coin is listed is another metric as you are after all going to be buying it there. You want to know that you can easily get your hands lined and liquidate when you see fit there.

The coin only trades on one exchange with a dodgy track record then you should avoid it. If a coin is to really rally in price it has to be on an exchange that has a large user base an exchange where more people get exposed to it are aware of it and consequently buy it. For browsing through the best exchange we prefer to use coin gecko as we find their rankings to be a bit more independent.

When searching for the coins you can select markets this will show you a list of all the exchanges where the coin is trading. You can also just take a look at market depth. Market depth is another way to think about liquidity; those coins that have deeper order books have more liquidity and hence are easier to trade with larger block orders.

OnChain Metrics :

On-chain metrics are another important metric to look for. They show whether a cryptocurrency is being used whether it’s active and not just a nice concept. there are a number of metrics that you can look at here from address activity to network participation on staking coins to total transactions etc.

There is a number of tools that you can use to see these stats but one of the best out there has to be intotheblock.com they have lots of data and it’s not just resigned to network metrics they offer a 7-day free demo but the paid packages are not that bad at all for what we get.

The first metric you should be looking at is the percentage of active addresses compared to total addresses. This can give you an idea of how many people are really using the network compared to how many are just sitting with their tokens in their wallets. Another stat in the intotheblock has is the time between transactions this is another stat that you can use to give an idea of just how active this blockchain is.

Development Activity :

One of the most transparent ways for me to ascertain development activity, one of the only ways that an altcoin can separate itself from the crowd is with impressive tech and this needs to be worked on constantly.

It’s not really about being able to read the code that is backed by the protocol. you just want to see a regular stream of commits in the core repositories. You want to make sure that there is active discussion in these repositories. If they link to their GitHub then you can over to the insights section and then you’ll see the commits code frequency and contributors.

Sometimes you don’t get the full picture of development on the public code repositories; not all commits are created equal and often developers or code in private repositories before they push it live.

Team Quality :

If you know many investors in venture capital you’ll hear that on many occasions they mostly backed the team. If the startup has a great team then that’s already a major hurdle cleared for the start-up business plan itself as such you should also place a large emphasis on this when initially doing your research.

A team of comprised of individuals who have a background in the space is really important. You should also make 100 % certain that all of their information is publicly available and verifiable. When a project has a verifiable team this is after all about cutting edge technology so this should be a preference it does also help to have people on board who have a business or marketing background as they can help forge partnerships that could increase adoption and awareness.

Project Uniqueness :

White Paper is one of the important things of every crypto or blockchain project. Many people try to avoid reading over the white paper. there is so much information that you can gain from doing so moreover a really crappy white paper could be another sign that you should avoid it.

It’s an important first step in order to get a deep understanding of what the project is about. You don’t have to study it inside and out as though you’re writing a thesis on it. You just have to focus on some of the most important points and whether they make sense. 

Some of these include consensus method technology stack, interoperability, scalability, use cases, roadmap let’s understand   at each of those individually 

1)The consensus mechanism is important as this helps us determine not only how secure the blockchain is but also whether it’s also scalable. There are tons of consensus protocols out there with our own pros and cons.

2)The technology stack is a very broad term but it means the general structure of the network. Where additional technology and functionality can be built, how does this technology stack make the project unique amongst all of its competitors

3)Interoperability of protocol :

Interoperability means a protocol can interact with other blockchains and networks this could help the network access liquidity and applications from other ecosystems.

4)Scalability of Network :

Scalability is one that you are familiar with it. If a network cannot scale then it will suffer bottlenecks this is something that we see with some of the most popular blockchains today. If a project has a consensus method that is scalable then that is a plus point but will they also develop other scaling solutions etc.

Community :

Before investing in any coin you have to see how big the community is and how active are the members. There are a number of simple tools that you can use to ascertain the size of the following.

If you head on over to coin gecko you can get a sense of just how many followers there are and how active these users are. The caliber and dedication of a project community speaks volume about the broader potential.