Based on the numerous use cases that have evolved from the rapidly growing young industry, there are several entrance opportunities in cryptocurrency today. Many of us are present because you have heard what a huge profit you can make. Cryptocurrency is the new stock, ushering in a new era of universal access to complete freedom and financial independence. The nagging query, though, would be. How do you find the gems that will bring you a profit that will change your life?
What is a Gem in crypto?
In the world of cryptocurrencies, a "gem" is a token that is unheard of but has a lot of potential, applications, and solid fundamentals but is also very undervalued on the market.
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The word "Gem" refers to the idea that a particular token with little to no value will soon be very valuable. Only those that discover and hold this token early will profit from the greater exposure and the rising market capitalization because there are so many great tokens in crypto that are waiting for exposure. It is incredible to realize that Ethereum's initial token offering price in August 2014 was $0.31 and that Bitcoin was worth one dollar in April 2011. As a result, new investors are eager to discover the next gem before they become well-known (Bitcoin, Ethereum, Doge, or Solana of the near future).
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Finding the Next Gem
This can be very challenging, especially if you don't have easy access to a wealth of industry knowledge. However, the subsequent actions have shown to be incredibly successful and efficient:
1. Search the market for coins with a market cap under $20 million.
2. Examine the volume of token transactions and how it changes in response to positive and negative news.
3. Verify the token's Whitepaper and intended exchange listings.
4. Check the number of active addresses and how the token is being distributed, including the number of new addresses, by reading and analyzing the on-chain data. Tokens with the majority of their supply, or as much as 30%, in just one wallet. You might need to exercise additional caution with tokens if the majority of the supply, or even up to 30%, is concentrated in a single wallet.
The actions listed above help you stay in the lead and provide you with information that will enable you to assess whether a project or token is undervalued. While it is sage to adhere to excellent, aspirational, and trustworthy online media that recommends projects and offers details on fresh and upcoming endeavors that you can check out. Next 100x Gems is one of them.
Next 100X Gems is a cryptocurrency-focused social media network that provides news on cryptocurrencies and current market trends, as well as crypto project reviews, to help investors perform their own thorough research.
Next 100x Gems is a crypto media available on Twitter as @Next100XGEMS with a credible following of over 200,000 followers. Since its beginning in 2021, the platform has quickly evolved to become one of the most popular sources of crypto and NFT news and information about new projects. With a vast community of around 500,000 members, the Next 100X Gems is filled with crypto enthusiasts from all corners of the world.
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Another remarkable feature of the Next 100X Gems community is its capacity to bring people from different backgrounds together via their shared passion for crypto-NFTs. The Next 100x Gems staff strives to be objective and neutral as one of the largest cryptocurrency review and news sites in the industry. They accomplish this by outlining the initiatives’ weaknesses and risks in addition to their advantages.
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Websites: https://next100xgems.io/
