How to find a large and profitable project in the field of crypto?

How to find a new crypto project?
The widespread adoption of blockchain and Web3 has caused a global shift in attitudes towards cryptocurrency. Not so long ago, the media spoke negatively about Bitcoin and cryptocurrency in general. It was assumed that cryptocurrency is a hoax, a fraud, doomed to failure and suitable only for illegal activities.

profitable crypto project

And now let's fast forward a few years, where there is a completely different opinion. From the introduction of Bitcoin as legal tender in El Salvador, to advances in regulatory policy, global attitudes towards cryptocurrency have become significantly warmer than ever before.

Technological advances and real-world use cases make crypto projects very popular. However, high—utility technologies are not the only driving force behind successful crypto projects. To find out how to find a large crypto project, it is important to understand what exactly makes this project successful.

We will not focus on intraday price movements and fashion in social networks. Most often, a successful crypto project has several common features. Below we will look at some of them and find out how to find a large and valuable crypto project.

The basics
Before investing in a coin or token, it is worth taking the time to study the technology underlying the asset. In fact, a very sensible solution would be to consider the use cases of this particular technology. Many successful investors want to understand the vision and be confident in the reputation and reliability of the team behind the project.

A groundbreaking innovation or improvement of an existing project with high utility may indicate that an asset bodes well for acquisition. In addition, the token distribution model and the maximum supply is something that investors would be useful to observe.

Offer
Another factor to consider when choosing a crypto project is the shortage of crypto assets. The turnover and maximum supply of a crypto asset give investors an idea of how this asset can work in the future. For example, only about 20% of the total amount of Bitcoin is left for mining.

Conversely, some coins and tokens have an unlimited supply. Thus, it is often advisable to consider the offer of a crypto asset before investing in it.

Marketing and Utility
For better or worse, the success of a crypto asset largely depends on the hype around the project created by the marketing team and the community itself. A token can have all the usefulness in the world, but if no one is interested in buying it, then it will most likely remain unclaimed.

crypto marketing

Similarly, a token that has practically no utility, but thanks to the unreal hype around it, may be at the peak of popularity.

Another consideration regarding the growth potential is the historical price of the asset compared to its current price. For example, if altcoin has made significant gains in previous bullish cycles, but has now fallen by 80-90%, then there is still a chance that investors will see great growth potential again. In addition, the success of a crypto asset may depend on current trends and narratives.

Trends and narratives
A good indicator of a project's success potential is how well it fits into current narratives. For example, crypto-games, non—interchangeable tokens (NFT), second-level scaling solutions and decentralized finance (DeFi) - all this has been very actively discussed in recent years.

During the peak of these trends, several projects appear that simply mimic the most effective project well. Although these products can only work well in the short term, few still manage to stay afloat even without an element of innovation or originality.

It is always worth paying attention to trends and narratives in order to understand what is popular and what is not. Don't forget, cryptocurrency prices depend on supply and demand.

Thus, trends can lead to rapid, but short-term price unrest. Some investors believe that it is worth hedging such trends, even if they hardly have long—term potential, because regardless of personal biases, many believe that "the trend is your friend to the end!".

Macroeconomic trends
The cryptocurrency market is closely linked to traditional markets such as stocks and commodities. Accordingly, any major global event or phenomenon can shake the crypto world. In addition, macroeconomic trends are often amplified in the cryptosphere. For example, a 20% stock market crash may seem like a significant problem for traditional investors.

Volatility in crypto is a double—edged sword, because of which there are many winners and even more losers. Understanding what events can trigger a crash or bullish reversal can help you find the perfect opportunities for your next investment.

macroeconomic trends

Think about exploring how different events unfold in different markets. Markets like certainty, and accordingly, any major statement affecting a large number of people can help change the mood of the market in any direction.

Any, even minor, market problem is often the moment when speculators try to capitalize on a decline in market confidence. A chain reaction of sales can provoke panic. However, an astute investor often uses this as an opportunity to buy assets with high utility at a reduced price.

Conversely, when the entire world order depends on a single statement by a world leader, it is difficult for any investor to be confident in the face of widespread uncertainty. Therefore, tracking world news and events can help you make informed investment decisions.

Technological advances
When investing in cryptocurrency, it is worth considering any project that develops the blockchain industry and solves real problems. Important statements can cause a stir in the market if they are made on time.

Technical updates, feature deployments, and protocol updates may indicate that the project is working hard to meet the needs of the industry. Thus, a strong roadmap with achievable milestones is a common attribute of a successful crypto project.

Do your own research
Since you are reading this article, we can safely assume that you have already done your own research. Searching for reputable media is one of the best ways to figure out how to find a major crypto project.

Any Twitter or YouTube user can tell you what their favorite coin is this week. However, getting high-quality content from trusted sources will give you a significant advantage over your fellow crypto-world!

There is no doubt that social networks have led to an insane price movement of little-used meme coins. But following the trend is not a sustainable investment strategy. Therefore, in order to have an advantage over competitors, it is a good solution to take the time to find out what influences market movements.

Several websites provide high-quality data and analytics covering various applications in the industry. For example, Lunar Crush is a website that collects social media trends for digital assets.

Using several sources of information, Lunar Crush gives each project an overall rating depending on how popular the project is on social networks. Other important tools include DeFi Pulse, which ranks decentralized finance (DeFi) protocols according to the total blocked value (TVL) in any protocol.

Technical analysis
For those who view cryptocurrency as nothing more than an investment tool for making quick profits, technical analysis is an important tool for studying market movements.

Technical analysis is a methodology for predicting future price movements using historical data. By combining trading models with technical indicators, traders can accurately predict success.

Indicators include trading volumes, Simple Moving Average (SMA), Exponential moving Average (EMA), Bollinger lines and stochastics. In addition, many crypto investors combine technical analysis with fundamental analysis (FA) and network analysis to gain a broader understanding of the markets.

While the FA looks at broader macroeconomic implications, network analysis looks at blockchain activity. This includes several factors, such as the average asset retention time and the number of active wallet addresses.

Education
If you want to improve your cryptocurrency investment strategy, it's best to start by investing in yourself and your education. There has never been a better time to master a new skill in the emerging field of technology. In addition, understanding how blockchain and Web3 work on a technical level allows you to see the real value of new technologies.

Results
We don't give financial advice here. But we are discussing strategies that will help you find out how to find a large crypto project. If you find a project with a strong team, reliable foundations, high utility and an active community, then you will clearly be close to success.

Understanding recurring trends can help you find the pearl in the altcoin forest. I hope that after reading the article and summarizing your own conclusions, you will be able to confidently answer the question "how to find a large crypto project?".