Top 10 Ways to Find the Best New Crypto Projects

Learning the top 10 ways to find the best new crypto projects can help you to stay ahead of the curve. Trends in the crypto market can happen at any moment, and history has shown that those who can catch these waves early gain the most in the long run. As such, traders must remain vigilant in their efforts if they intend to stay ahead of the pack.

What Makes A Crypto Project Exciting?

There are a lot of factors that would make a blockchain platform qualify as an exciting project. For one, if it leverages new technologies or networks. These systems often push the boundaries to offer unique services and features. As such, finding a premier project that accomplishes this task can position you for the future.

However, it's vital to understand that most new projects won't make it. On average, +50% of new crypto projects fail within the first 2 years of operation. To improve results, you need to leverage the tools at your disposal when locating these unicorns. Here are the top 10 ways to find the best new crypto projects, in no particular order.

1. Ask Friends

The easiest way to find new projects with traders' attention is to ask a friend. Most people enter the market after speaking with a friend who helps alleviate their concerns and shows them the ropes of the decentralized economy. These friends can act as tour guides that can help you avoid wasting time on projects that sound good but produce nothing.

Of course, your friend's advice will be skewed toward their strategy and overall goals. Consequently, you need to ask them about their goals and how much they intend to invest in a project. These questions are crucial because they can help you to see how relevant their advice is to your scenario.

For example, you may have a friend who is an avid trader who recommends a new AI-powered blockchain project. It's your goal to understand why they like the project, how much they decided to invest, and how long they intend to hold the asset. These factors can provide you with some of the data you need to make an informed final decision.

Always consider your friend's past success and current actions. Also, you should examine how the asset fits into their portfolio. In the best-case scenario, you can duplicate your friend's strategy if it has proven to be effective for them. You can also pass the info to other friends to help build up some momentum in the project.

2. Crypto Data Aggregators

Leveraging a data aggregator is another awesome way to get valuable data on up-and-coming projects. Data aggregators like Coinmarketcap and Coingecko provide the community with real-time data on current and new projects. This information makes it simple to see what platforms are making moves in terms of trading volume and market capitalization.

Data aggregators can tell you a lot about a potential project, including its activity and even what exchanges host the project. Here, you will find information gathered from the top-performing exchanges and other platforms that can indicate the popularity of projects.

One way to find exciting new projects is to use the sort feature to locate platforms that show positive market movements. You can sort by various categories to narrow down your selection, including recently-listed ones. You can even search for projects on a certain network or ones showing a certain level of market movement within a period.

It can be a good indicator that a project is on the up and up if it shows massive growth on a data aggregator. You can also use these platforms to see other valuable data and the platform's developers and investors. This information can help you to make the right choice when seeking new opportunities.

3. Check for Promotions

Some of the best projects offer promotions during their launch. These events help to drive excitement and awareness of a platform. They usually involve options like airdrops and other free token offerings to entice new traders to join the efforts. One of the most popular ways to distribute tokens to those trading new projects is via airdrops.

Airdrops are promotions distributing cryptocurrencies to users directly into their network wallet on certain dates. These dates are predetermined and are often set up to promote events or the launch of new platforms. Knowing where to find airdrops can help to ensure you don’t leave any rewards on the table.

You can stay up to date on all airdrops using aggregators like Coinmarketcap. This platform offers a section where you can sort and see details on airdrop in real-time. There are also airdrop-only aggregators such as Airdrops.io.

The good thing about airdrops is that more experienced development teams usually do them. As such, many projects that offer airdrops are of higher quality than competitors. Additionally, the best projects will offer multiple airdrops to keep you involved and happy.

4. Check ICO listings

Initial Coin Offerings are the most popular ways to launch a crypto project. These events involve a new project offering their tokens to the public. Like their centralized counterparts, IPOs and ICOs can help startups achieve their financial goals and expand their offerings.

Initial Coin Offerings first took flight in 2017 during the crypto breakout year. Many companies saw them as a more affordable way to access public funding. During an ICO, a firm will offer its tokens in exchange for popular cryptocurrencies like Ethereum as a way to garner financial support for the platform.

Notably, you can find ICO listings on exchanges and data aggregators. There are also ICO listing platforms such as icodrops.com. Additionally, Coinmarketcap has an ICO calendar that lets you keep track of upcoming events without all the hassle.

Finding new ICOs will ensure you stay ahead of the curve. However, there is very little quality control when dealing with ICOs, so you must be vigilant in your efforts to confirm project validity. The proper strategy would be to determine when an ICO is taking place and then further research the firm to ensure it’s a quality maneuver.

5. Check Launchpads

Launchpads are a term used in the market to describe platforms specifically designed to help new projects take flight. They're usually found on exchanges and have proven to be effective at helping projects grow successfully.

For many reasons, launchpads are the ideal location to find interesting and potentially profitable projects. For example, they only include already vetted platforms. You need to meet some strict criteria to get your project on a major launchpad like the Binance system.

These criteria can save you some time and effort in your research as most popular exchanges that offer this feature complete thorough checks on any project before accepting it. Notably, the due diligence process for these systems depends on the launchpad.

Aside from exchanges, there are purpose-built launchpads. You can use these networks to reduce your workload and speed up the selection process. The main thing to remember is to stick to reputable launchpads to avoid getting scammed.

6. Social Media

Social media is a powerful tool in your arsenal for finding new crypto projects. It can give you access to new projects as they enter the market. However, you must take all the data you obtain on these platforms with a grain of salt.

Social media is a great way to hype a project up and inform the masses of its potential. In the same breath, it can be used to trick new traders or over-promise on a project that can deliver or may not even exist. You must avoid the FOMO (Fear of Missing Out) when sorting through the noise to find the best projects.

One of the best ways to do this is to join crypto social media groups. The right group will include a mix of developers, professional traders, and regular users. This combination of users offers all the insights you need to decide if a new project has true potential.

Don’t be shy about asking questions about the technical aspects of a project. You can even ask the developers directly on social media, which is a big plus. Importantly, you should always be wary of projects with a shabby social media presence or never respond to genuine inquiries into their efforts. In these instances, you could find a project to be all hype and no substance.

7. Social Trading

Social trading is a term that refers to automated trading systems that duplicate other traders' actions. Social trading has risen in popularity because it enables new traders to earn while they learn from experienced traders. As such, these platforms provide valuable insight into projects and trading strategies.

Social trading platforms let you seek out a particular trader to follow. Most social trading networks enable you to review the trader's history and even contact them to ask questions regarding their risk appetite and other vital information regarding their approach. This step can help you to find traders that specialize in new projects.

Copy trading platforms like Shrimpy even allow you to follow multiple traders at once. You can watch how, when, and what they trade. This data can then be added to your strategy to help you to become more effective in the market.

Copy trading platforms can put you in direct contact with expert traders. Don’t squander this opportunity if it arises. Use it to ask about exciting new projects and how they could change the market. You may find that you get in on a new project in its early stages and improve your overall trading techniques at the same time.

8. Ask Developers

One of the best options for those seeking new projects with long-term viability is contacting popular developers directly. Projects like Ethereum have multiple developments that went on to launch additional platforms. These new platforms are often bound for success as they leverage all the previous information and technical skills the developers obtained through their journey.

This strategy makes sense when you see that many popular projects have been created by developers who were pivotal in previous ventures that continue to drive adoption. The first step is to find a project you like and research the developers behind the platform. From there, reach out and ask if they have anything new in the works.

9. Explore Your Blockchain Ecosystem

Every blockchain has its ecosystem, and many communities have grown to include thousands of projects. As such, monitoring a blockchain community directly can be a great way to see what's in the works. Blockchains today are diverse networks that support the creation of dapps and subnets that further usability.

Getting in with the developers of a particular blockchain network can be a great way to stay up-to-date on any new game-changing protocols. Remember, Dapp developers are the main way users interact with networks, making them extremely valuable to your efforts.

When dealing with a smaller blockchain ecosystem, it can be easier to determine what platforms serve vital roles in the community. For example, a new high-performance DEX (decentralized exchange) on Ethereum will not have as much effect as a new one launching on a smaller network that lacks DEX options.

10 Check Whitepapers

You should read new whitepapers. Every notable project will have a white paper that explains its purpose, goals, functionalities, and development team. Whitepapers lay out in detail how the project will accomplish an intended task.

Never invest in a project that lacks a whitepaper, as it lacks professionalism and will more than likely be a scam. Also, always check the roadmap section in the paper to ensure the project is on schedule. It’s a great sign when a platform has stuck to its roadmap and is perfectly on time for its official launch.

Finding the Best Crypto Projects is a Breeze

There are indeed more options than ever for crypto traders, and finding the best projects can seem akin to locating a needle in a haystack. However, you can avoid headaches and wasting time by sticking to the top 10 search methods listed above and doing your due diligence.

You can learn more about exciting blockchain projects here.