Team
When looking for a gem, I always need to make sure the team seems capable of performing their goals. Do they have prior experience? Is their experience credible? If a team has this and you believe they are capable of performing the task at hand, then this is a good first step.
Unique Concept/Product
If you think you’ve found a gem, it must have a unique concept or something different that makes it stand out from its competitors. If companies start creating the same shit, then what makes it stand out? It must be unique.
Also, it’s VERY important that the team has a working product or at least an alpha/beta released. Without a working product, the coin is much weaker.
Attention
Is there attention on this coin yet? Have people found out about it yet?
If so, how does the chart look? Has it already moved?
If not, does it have the credentials to possibly have attention in the future?
These are all questions you need to ask yourself when gem hunting.
Chart
How does the chart look? Is it near an ATH? Or does it have a way to go?
Looking at the chart is an important factor when gem hunting. No matter what all the other factors might point to, if the chart does not look good, then it’s not a good time to enter the coin.
If you’re buying a coin near its all time high, 80%+ of the time you are asking to get rekt.
Partnerships
Does the venture have an notable partnerships? If so, are theses legit partnerships or just fluff?
Lots of companies have been fluffing up partnerships in order to seem more legit. If you can find a venture with legit partnerships that will add value to an industry, then you might have found yourself a decent gem.
Metrics
Metrics are a key factor to hunting down a gem. Market cap is the main metric I look for.
Anything under $30M is good. Anything under $15M is better. Anything under $5M is great.
If you can find a gem under $1M Market Cap, then you may have found something special.
When a coin has a low market cap, then there is a decent potential for growth. That’s personally why market cap is one of the main factors I look at when looking at new coins to invest in.
Besides that, low supply coins are fantastic as well. You know, that supply and demand shit you learned in High School. Ya, that.
Finally,
If you’ve found something that meets these factors, or at least a few, then you might have found yourself a gem. It is rare to find a coin with all these factors, so even if a coin has a few of them, then you might have something special.
Also, this is just a basic guide. There are other factors to look at when REALLY finding something special, but this will get you started.
Good Luck Hunting!
Bio:
I’m ya boi, Shill Nye. I trade/investigate cryptocurrency full time. Follow me on Twitter.
Join my free Telegram group here: https://t.me/netflixandshillann
Watch my livestreams here: https://www.pscp.tv/cryptoshillnye/
Watch the Netflix and Shill Podcast I co-host here: https://www.youtube.com/channel/UCqgVDmWx5gHi7Cc273QMJuQ
Disclaimer:
I do not give financial advice. I am not a financial advisor. If you are looking for financial advice, then you should go to google and look for a financial advisor in your area. The shit I write is simply for entertainment purposes. You should never blindly trust anyone on the internet who tells you where or how to invest your money.
