May 11

Find a Hot Cryptocurrency Project: The Top 10 Factors that Influence their Success in 2024

10 Keys to a successful cryptocurrency project

10 Keys to Finding a Successful Cryptocurrency Project! 

The Cheat Sheet for becoming a Great "Hidden Gem" Finder

CryptoJamz' Method used for their "Coin Pickers Club" is Revealed!

Cryptocurrency Project

Your Next 100X Cryptocurrency Project Choice may be Right Around the Corner!

And Maybe a 1000X one too!


I have been having a TON of people asking me about our methods we use to consistently identify a Top Cryptocurrency Project that ends up featured in our "Coin Pickers Club".

I like to keep "Our Secrets" a Secret but at the same time I enjoy sharing and helping as many people as I can.

And the reality of it is this: ...Their are NO Secrets!

So with that being said... I am going to offer a glimpse into the process.

And again with complete transparency, I do a lot of sifting and sorting using cryptobubbles.net before I really start the technical deep dive and due diligence process.

As I have detailed before I sort and look for Trends. Trends of positive movement the minute they broke into the Top 1000.

And Honestly, based on tokenomics, not every project and coin / token start out at .0000005 before catapulting to $100.

So let's move beyond the basics here and get into the Top 10 Factors that I consider when looking for potentially high ROI projects. And I am giving the every day crypto enthusiast that is not yet comfortable scouring the DEXs for budding winners in their infancy. The vast majority of crypto investors are not comfortable maneuvering around metamask, uniswap or even coinbase wallet.

And before I cover the Top 10 Factors... Tokenomics is not the first thing I look at.

Let me give you a HINT about my #1 Factor:

Cryptocurrency Developers



Let's Jump into the Top 10 Factors used for evaluating potentially high ROI cryptocurrency projects.

To comprehensively assess the success potential of a cryptocurrency project, it's crucial to consider a broad range of factors.
here are the top 10 factors that can significantly influence the success of a cryptocurrency project:
  1. Developer Activity and Commitment: The number, dedication, and talent of the developers behind a project are fundamental. Active development indicates ongoing improvements and bug fixes, enhancing the project's credibility and functionality.
  2. Adoption and Network Effects: Widespread use and acceptance, both by consumers and businesses, drive demand and value. The more a cryptocurrency is used and accepted, the more entrenched it becomes, creating a feedback loop that enhances its value and utility.
  3. Technological Innovation and Security: Advanced and secure technology is essential. Projects that introduce new technologies or improve on existing ones—such as through faster transactions, better scalability, or enhanced security features—tend to stand out in the crowded crypto space.
  4. Market Positioning and Competitive Advantage: Clearly defined use cases and a unique value proposition that differentiates the project from competitors can significantly impact its success.
  5. Regulatory Environment: Compliance with laws and the ability to adapt to new regulations are crucial for longevity and legitimacy. A project’s proactive engagement with regulators can also help shape favorable regulatory frameworks.
  6. Economic Model and Tokenomics: The design of the token economy, including factors like token supply, distribution methods, and incentives for users, plays a crucial role in ensuring long-term viability and preventing inflation or other economic issues.
  7. Community Support and Engagement: A strong, active, and engaged community provides valuable feedback, fosters a sense of belonging among users, and can act as a powerful marketing force.
  8. Partnerships and Alliances: Strategic partnerships with other tech firms, financial institutions, or even governments can provide essential resources and access to broader networks, enhancing credibility and practical utility.
  9. Transparency and Governance: Trust in the project is significantly influenced by its level of transparency regarding developments, financial dealings, and decision-making processes. Decentralized governance models can further enhance trust and user participation.
  10. Marketing and Visibility: Effective communication and marketing strategies are essential to reach potential users and investors. Building a strong brand and maintaining a high level of visibility can attract more stakeholders to the project.

These factors, collectively, determine a cryptocurrency project's ability to achieve and maintain relevance, functionality, and value in a competitive and rapidly changing environment.

Crypto Coins and Tokens
Bitcoin the Original Crypto Coin

High ROI Coins and Tokens

Ok, so you are asking this: "10 things to pay attention to? Really?"

What are the 3 that I pay attention to the most?

In the vast and varied landscape of cryptocurrency, certain factors consistently emerge as pivotal for the success of coins and tokens. Here are the three most common factors:

  1. Community and Developer Support: A strong, active community and committed developer team are crucial. The community's support can drive both initial adoption and long-term viability. This includes not just individual users but also developers who continually enhance and expand the ecosystem. Cryptocurrencies with a larger and more engaged community tend to have better resilience and adaptability in response to market changes or technological challenges.
  2. Adoption and Usability: The extent to which a cryptocurrency is adopted for real-world applications significantly dictates its success. Usability in daily transactions, online purchases, or as a part of decentralized applications (dApps) enhances its practical value. The more a cryptocurrency is integrated into usable platforms and accepted by a broad range of users and businesses, the more likely it is to succeed.
  3. Technological Robustness and Innovation: The underlying technology must not only be secure and scalable but also offer distinct advantages over existing cryptocurrencies and traditional financial systems. Innovations that address issues like transaction speed, cost, scalability, and interoperability can set a cryptocurrency apart from its competitors and make it more appealing to a broader audience.

Those 3 factors are central to the success of cryptocurrencies, influencing their acceptance, technological advancement, & community engagement, all of which are vital for their growth & sustainability.


So where do I go for Developer Counts and Activity? (I guess you do want ALL the Secrets)

I have quite a few resources I use for this, just to back check what I am looking at.

And another little "obvious secret" is  this:

Google It or use ChatGPT with the CoinMarketCap.com ChatGPT Plugin

CoinMarketCap.com ChatGPT Plugin

And here is a REALLY Good Website for Review Cryptocurrency Project Developer Activity:

CryptoMetheus Website

My Methods are not the Only Way to Find "Hidden Gems"...

Read a Little Bit about some of the methods that are detailed in Investopedia

KEY TAKEAWAYS FROM THE INVESTOPEDIA ARTICLE:

  • The investment landscape for cryptocurrencies is overflowing with opportunities thanks to the inflow of money into the market.
  • Using several sources to vet a cryptocurrency is the best way to find a new one to invest in.
  • Exchanges, data aggregators, and social media are some of the quickest methods for finding a new cryptocurrency.
  • Tools like KryptView and BSCCheck can help you decide which coins are better than others.
  • Non-fungible tokens, ETFs that hold or are linked to cryptocurrency, and initial coin offerings are also ways to gain exposure to this market.

How do Venture Capital Companies and Project Founders go about selecting Top Cryptocurrency Developers?: 

Venture capital companies and project founders often prioritize hiring top cryptocurrency developers to ensure their projects have a solid technological foundation, innovative features, and robust security. Here’s how they typically go about selecting these key team members:

1. Technical Expertise and Experience

  • Skills Evaluation: They look for developers with expertise in blockchain technology, smart contracts, cryptography, and relevant programming languages like Solidity, Rust, or Go.
  • Portfolio/Previous Projects: Reviewing the developers' past projects, contributions to open-source platforms (like GitHub), and their roles in successful cryptocurrency projects can provide insights into their capabilities and experience.

2. Understanding of the Cryptocurrency Ecosystem

  • Market Knowledge: Developers need a deep understanding of the cryptocurrency market dynamics, user needs, and potential regulatory issues.
  • Vision Alignment: It’s crucial that developers not only have the technical skills but also share the vision of the project, ensuring they are motivated to see it succeed.

3. Reputation and References

  • Community Standing: Developers who are well-regarded in the cryptocurrency community may bring added trust and credibility to the project.
  • Recommendations: References from previous employers or collaborators can provide insights into the developer’s work ethic, problem-solving abilities, and teamwork skills.

4. Problem-Solving Skills

  • Technical Challenges: During the hiring process, developers might be given specific technical challenges or problems to solve, which can demonstrate their thinking processes, creativity, and efficiency.
  • Adaptability: Their ability to adapt to new tools, technologies, and changes in the cryptocurrency landscape is also assessed.

5. Communication and Team Collaboration

  • Soft Skills: Strong communication skills are necessary for developers to effectively explain their ideas, collaborate with others, and work within multidisciplinary teams.
  • Cultural Fit: Ensuring that developers can fit into the company’s culture and work environment is important for long-term collaboration.

6. Long-Term Commitment and Passion

  • Dedication to Crypto: A genuine passion for blockchain technology and belief in its potential can be a significant factor, as it often translates into long-term dedication to a project.
  • Career Goals: Alignment between the project’s trajectory and the developer’s career goals can enhance retention and motivation.

7. Networking and Recruitment Channels

  • Industry Events: Attending hackathons, conferences, and seminars related to cryptocurrency and blockchain is a common strategy to scout for talent.
  • Specialized Recruitment Agencies: Some companies use agencies that specialize in blockchain and tech recruitment to find candidates with the right skill set.
  • Educational Institutions: Collaborating with universities or coding bootcamps known for producing skilled developers in relevant technologies can also be a fruitful approach.
Venture capital firms and project founders use a combination of these strategies to assess and select top cryptocurrency developers, ensuring they have a team capable of handling the complexities of blockchain development and driving the project towards success.

Where else to do your digging?

And here is another great resource to guide your search...

I might take a peak or 2 here now and then...

If you enjoyed this article and found it useful and insightful, feel free to SUBSCRIBE to my FREE Newsletter!

BELOW > CLICK HERE

And the BIG Surprise (Hidden Gem) in this Post...

If you READ often you will run across a FREEBIE here and there...

Share the BLOG with as many people as you wish...

My 3 FREE "Hidden Gem" Picks for May:

I don't often share True Gem "FREEBIES" ... 

"But when I do...

They are Good Ones"

And with the current DIP and Market Conditions I figured... WTFN!

"Hidden Gem" Pick #1: ENA > Ethena.fi

"Hidden Gem" Pick #2: DEAI > https://z1labs.ai/

"Hidden Gem" Pick #3: KAS > https://kaspa.org/


Djamoney LinkTree

More Tools, Platforms and Processes to use:

Tools & Platforms: 

Several tools can aid in cryptocurrency research and due diligence. Here are some of the top ones:

CoinMarketCap and CoinGecko:

These platforms provide comprehensive data on cryptocurrency prices, market capitalization, trading volume, and historical price charts. They also offer information about the teams behind the projects and links to their official websites.

CryptoCompare: 

CryptoCompare offers real-time and historical data on cryptocurrency prices, trading volumes, and market trends. It also provides detailed information about individual coins, including their technology, development activity, and community engagement.

Messari: 

Messari is a research and data platform focused on crypto assets. It provides in-depth profiles of cryptocurrencies, including key metrics, project details, and market analysis. Messari also offers tools for comparing different assets and tracking their performance.CoinMetrics: CoinMetrics offers blockchain analytics and data insights for cryptocurrencies. It provides metrics such as on-chain transaction volume, network activity, and mining statistics, allowing users to conduct deep analysis of individual assets.

GitHub: 

Many cryptocurrency projects host their code repositories on GitHub. By reviewing a project's GitHub repository, you can assess the activity level of its development team, examine the quality of the code, and track the progress of upcoming releases.

Crypto Twitter, StockTwits and Forums: 

Following influential figures in the cryptocurrency space on Twitter and participating in forums like Reddit's r/cryptocurrency can provide valuable insights and discussion about emerging trends, project updates, and market sentiment.

Whitepapers:

Reading the whitepapers of cryptocurrency projects is essential for understanding their technology, use cases, and underlying principles. Whitepapers typically provide detailed explanations of the project's objectives, technical architecture, and economic model.

Token Terminal: 

Token Terminal offers financial metrics and analysis for decentralized finance (DeFi) projects. It provides data on metrics such as revenue, earnings, and growth rates, allowing users to evaluate the financial performance of DeFi protocols.

CryptoBubbles.net

Cryptobubbles.net How to use this for your Crypto Portfolio Building Process

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