How to identify new altcoins with good potentials.

[shinratensei_]

This is tough. Even with all that research, there's a chance that you will end up on a rugpull project. There's no assurance, even if you go as deep as you can in research.
I've done this before and I have wasted a lot of time seeking for project that is promising. It's a needle in a haystack, and most of the projects that I invested in ended up in the dump. It's like 2 of 10, and that's a lucky day. I got into gaming applications, NFT's and DeFi, but they are not that different from ICO projects in the past.

Venture Capital backed project rarely rug and even if there is rug it's 1 in 1000 because reputation is at stake and what I mean by venture capital backed project is a project that got backed by at least tier 1 VC such as paradigm, etc.
It's easy to spot the legitimate project, the question is always whether the coin just gonna dump or will it ever have a chance to go up.

AFAIK 90% of coin is dumping and never recover after TGE mainly because they're gimmicks.

[Lida93]

Sometimes it can be very challenging to identify altcoin with good potentials, but then there are measures you can take to help you find good altcoins in the cryptocurrency market.
1.Crypto news: reading cryptocurrency news can be a great way of identifying high potential cryptocurrency, because you will be well updated concerning both the old and upcoming cryptocurrency with high potential.
2.Engaging in your own research:making your own research will equally go a long way , for instance you can use google search to ask questions concerning new and upcoming cryptocurrency with high potential.
3.Expert Advice:In the world of cryptocurrency, there are experts, you can follow them on their various social platforms to update yourself on the trends of cryptocurrency.
4.Binance Alpha: For those of you using binance, binance alpha is a section where new and potential coins are listed for scrutiny before they are finally listed on binance exchange , checking it regularly can also help you identify good and potential upcoming altcoins.

Aside engaging in self research in the crypto market space I wouldn't recommend any of the listed in the op to any person wanting to invest in cryptocurrency. For all that glitters are not gold, real utility can't be faked. like the experts and news outlets they are a wrong place to depend on getting the right altcoins to invest your funds into. There are paid adverts and promotions flying around about certain potential dump and rugpull altcoins by these experts and crypto news outlets who don't care about their viewers and followers but what they stand to gain in payment from the coins devs.

[Dunamisx]

Sometimes it can be very challenging to identify altcoin with good potentials, but then there are measures you can take to help you find good altcoins in the cryptocurrency market.
1.Crypto news: reading cryptocurrency news can be a great way of identifying high potential cryptocurrency, because you will be well updated concerning both the old and upcoming cryptocurrency with high potential.
2.Engaging in your own research:making your own research will equally go a long way , for instance you can use google search to ask questions concerning new and upcoming cryptocurrency with high potential.
3.Expert Advice:In the world of cryptocurrency, there are experts, you can follow them on their various social platforms to update yourself on the trends of cryptocurrency.
4.Binance Alpha: For those of you using binance, binance alpha is a section where new and potential coins are listed for scrutiny before they are finally listed on binance exchange , checking it regularly can also help you identify good and potential upcoming altcoins.

All these you have mentioned are not bad to consider, but I think for us not to be able to fall under any of these, we need to know what we are doing, learn to be independent by having a genuine indepth of how to reserve for a good project, because we can't afford to deceive ourselves, there's a need for more closer look into any project of interest before we go into it and invest.

[Odusko]

You can see that is easy to spot the most potential altcoins projects from what we can see them do as a coin such that their have an existing ecosystem that their provid utility functions for and any coin that have such support will definitely do well in the cryptocurrency market you can see that from the few coin that have Big platforms supporting them, like BNB BGT and the rest of the other exchange tokens that are gaining traction lately.

[Orpichukwu]

You can see that is easy to spot the most potential altcoins projects from what we can see them do as a coin such that their have an existing ecosystem that their provid utility functions for and any coin that have such support will definitely do well in the cryptocurrency market you can see that from the few coin that have Big platforms supporting them, like BNB BGT and the rest of the other exchange tokens that are gaining traction lately.

Some projects can appear to be very promising and have their own smartchain and other things, but they don't put much effort into expanding and developing more. Once they get the investment they want from their investors, they will just start feeling reluctant and misuse funds. I would rather go for exchange-owned tokens this period; most of them are really doing great, as they use it as some form of marketing to push their exchange out there and use it to offer their customers rewards.

[X-ray]

I have opposing opinion about binance alpha. I just found it about binance alpha when I look at newer project. It's just den of shitcoin. One example is $GATA I was interested in the depin and AI concept then I see their chart and find out that they're on binance alpha.



Straight to abyss after binance alpha listing. Binance alpha to me looks like a way for developer to just abandon their project. I can't really call it good potential if majority of them just dump to oblivion.

[SOKO-DEKE]

It is really very hard to identify new altcoins with good potential, despite following all the steps you have mentioned. Those guidelines can't really give someone accurate results about a potential altcoin.At first, some altcoins may look promising based on the team behind them. But as time goes on and things don't go according to plan, the market shifts, and the project often turns into a pump and dump just to recover the investors funds.

In the past, the steps you suggested for finding good new projects used to work, but not anymore. Nowadays, people are trying to turn altcoins into tools for scamming.As for me, I think it’s even better to invest in long term, existing projects that have already shown some potential, rather than investing in new ones. I just don’t want to take that kind of risk.

[gunhell16]

I don’t really see any platform like that, except maybe airdrops.io, where there’s a category for potential airdrops—but even then, they’re not guaranteed to do an airdrop.
Still, if they do succeed, that means the coin has turned out successful.

But when it comes to these kinds of tasks, it’s difficult to determine which projects will actually succeed. No matter what platform you look at, there’s none that can tell
you for certain whether a crypto project will succeed. That’s why many people always say: always invest at your own risk.

[Mpamaegbu]

1.Crypto news: reading cryptocurrency news can be a great way of identifying high potential cryptocurrency, because you will be well updated concerning both the old and upcoming cryptocurrency with high potential.

Whenever you begin to hear it in the news, you're already late to the party. There are tens/hundreds of tokens created each passing day and you think they all will wait to be in the news before listing? Nah! It doesn't work that way. To be early, though it's very risky doing that, check Dexscreener for on the spot listing.

2.Engaging in your own research:

Yeah, I advocate that too. Investors shouldn't be lazy about researching whatever project they're putting their money in.

3.Expert Advice:In the world of cryptocurrency, there are experts, you can follow them on their various social platforms to update yourself on the trends of cryptocurrency.

Don't make that mistake. There's not a single expert in this industry. Those you call experts are at best speculators. Anyone's call can go sour. That doesn't make them bad. It can also go sweet; that doesn't also make them experts.

Finally, before investing in any listed project, make sure to check up the CA on tokensniffer. It's so you know what you're dealing with that's hidden from others.