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One of the fastest ways to get rich in the cryptocurrency world is to get rich in "cottage currencies", but because of the high volatility of these currencies, many newcomers to the game have lost their capital. However, when you successfully capture a promising cryptocurrency, the potential for doubling your capital can be hundreds of times greater. For example, $BOME and $SLERF on the Solana chain have risen by more than 100 times, making them very profitable for experienced players! In this article, we are going to list 4 crypto tools that can help newbies to find 100x coin potential projects!
I. DEX Screener
Dex Screener is a cryptocurrency lookup tool that provides real-time quotes and has various widgets to make it easier for users, such as Alert, Watchlist. We will explain how to use it and how they can be handy in the following paragraphs.
It is worth mentioning that Dexscreener has launched a mobile version for the convenience of its users, so that they can keep an eye on the status of different currencies, and Dexscreener currently supports many on-chain currencies (more than 70 blockchains).
More useful features for newbies
When you are looking for potential currencies on different blockchains and want to keep up with their movements, two features that may come in handy are: Alert / Watchlist.
- Alert:This feature allows users to freely set up take profit (TP) and stop loss (SL) alerts for better TP (Take Profit) and SL (Stop Loss) pricing. Users only need to click on the corresponding currency/pool, then click Alert, and the price level will be set. It is worth noting that users can choose "Goes Over" or "Goes Up More than" and so on.
- Watchlist:This feature allows users to add potential currencies to a list, which may seem trivial, but since there are so many imitations on the market, users must enter the correct token address and add it to the Watchlist to be safe.
It's actually a finding tool that aggregates small coins (coins that have just been launched) from different chains. Most of the teams that create mini-coins will upload them to Dexscreener at the same time as they are launched, so Dexscreener is one of the fastest platforms to get the information on new coins.
Two,Dune Analytics
Dune is a platform for analyzing blockchain data, providing a comprehensive tool for analyzing chain data to different stakeholders, including retail investors, for free. the data on the Dune platform are all first-hand chain data, and many analysts and organizations in the industry publish different real-time data and share it on the Dune platform, so no matter whether you are a veteran or a novice, you can obtain a lot of alpha (useful information) on Dune. A lot of Alpha (useful information)
One of the biggest characteristics of blockchain is decentralization and transparency, which means that all the data is open for all people to access freely, and it is difficult for all stakeholders to falsify the data only if it is on the chain. Therefore, the data on the chain can help us understand the status of the protocol or project, especially its financial health.
How can I help you find out about the 100-cent coin?
Understanding the different protocols is an indispensable part of the search for 100x coins. Think about it, if you are comparing 2 different DEX (DEX 1 and DEX 2), although DEX 1 has a very simple interface and the transaction process is very silky smooth, its TVL (Total Valued Lock), which is the total amount of money locked in the protocol, is obviously decreasing; whereas, although DEX 2 is not as silky smooth as DEX 1, its TVL is much higher than DEX 1, which means that more users are using its platform. Although DEX 2 is not as silky as DEX 1, the TVL is much higher than that of DEX 1, which means that more users are using its platform.
This data is viewed on analytics platforms like Dune, and while the TVL doesn't represent the trustworthiness of a DEX, it's an important indicator because it represents how much users trust it.
Practical Demonstration
Let's say you want to find out the volume and fees for a particular deal, we'll use Jupiter, the DeFi platform on Solana, as an example. We'll search for Jupiter and then select the top rated Dashboard to see the different information available on Jupiter, such as volume, number of users, etc. We'll use Jupiter as an example.
It's also worth mentioning that it's a good idea to sign up for an account so that users can add the Dashboards they find useful to their personalized lists.
III. Arkham Intelligence
https://www.arkhamintelligence.com/
Arkham Intelligence is a tool that provides on-chain data analysis through AI, and its main selling point is that analysts can sell the data and their exclusive intelligence. arkham Intelligence even issued $ARKM coins earlier, which are given to some users who have issued the most Alpha.
The main purpose of Arkham Intelligence is to check the movement of different addresses, especially the address of the giant whale.
The Giant Whale Address can often be used as a reference for retail traders, as their capital movements are closely related to those of the market. Therefore, when making trades, you can pay more attention to the movements behind the large holders of this currency, in order to prevent buying when they are selling in a big way, which may result in losing your capital.
Arkham Intelligence can also visualize asset portfolios and analyze historical asset gains and losses for users.
How can I help you find out about the 100-cent coin?
Arkham Intelligence allows you to track some of the best traders in the world at trading 100x coins, and then you can use the currencies they buy as a reference, but don't trust their trades because sometimes they lose money too, and their Risk Tolerance is higher than the average person.
Instruction
Users can search by 1. project name, 2: Ethernet domain name (ENS), 3: Twitter username, 4: Opensea username in the search field.
Example: In the case of well-known analyst Miles Deutscher, we can see the interactions on his link simply by pasting his Twitter username.
This allows users to keep a close eye on the movements of the different giant whales, so that everyone can see who is actually manipulating the different cryptocurrencies.
IV. CryptoFees.Info
IntroductionThis website is very simple and easy to use, and its main function is to allow visitors to find out how much the costs incurred by different dApps differ from the costs incurred by the main website.
How can I help you find out about the 100-cent coin?
The market capitalization of 100 coins is usually low and we can't usually buy them on the big exchanges, so we have to buy them on the DEX. The operation of the DEX is more unstable than that of large exchanges, and common problems include fluctuations in fees, stoppage of the whole DEX, etc. The DEX is not as stable as the large exchanges.
CryptoFees This site allows users to see the different DEX on the cost of the main network compared to what difference, sometimes you see a DEX fees are very high may be too many users in it to do transactions, but also may be because the entire network are too many people in the use of this site can help users distinguish between different DEX fees in the end, there is no abnormality or to pay attention to the This may be a little hard to understand. This may be a little hard to understand, so we're going to use a demonstration to show you exactly how we can use it.
Let's take the Ethereum network as an example, we first click on Ethereum, then click on "More Details", then we can choose different time points (3 or 7 days), and finally we can choose a specific dApp for comparison, such as Uniswap v3, and we can see that its fees have been stable.
It is worth mentioning that users can pay more attention to the days of big fluctuations, and in conjunction with other tools, look for the reasons behind to supplement their trades.
Disclaimer
The content of this article is for reference only, investors should exercise independent judgment, invest prudently and at their own risk, this article does not provide or attempt to persuade the audience to do trading or investment basis, the content is for sharing purposes only, and should not be regarded as investment advice.It does not represent the views and position of Monsterblockhk.All information and opinions are current as of the date of the judgment. In addition, if a judgment is rendered on aIn this siteAny content related to virtual asset trading platforms that have not yet obtained a license to operate virtual asset trading platforms in Hong Kong, including but not limited to text introductions, pictures, offers, events, etc., are only available to users outside the Hong Kong Special Administrative Region.
According to the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022, after June 1, 2023, all centralized virtual asset trading platforms operating in Hong Kong or actively promoting their services to Hong Kong investors will be licensed and regulated by the SFC, and any related unlicensed activities will be a criminal offence. For more information and details of the legislation, users may refer to the SFC website.