In the second quarter of 2024, the popularity of cryptocurrency allocations as an investment tool has noticeably increased. Following growth in Q1, the crypto market entered a sideways trend: a cycle where coin prices constantly rise and fall within a specific range. During such periods, predicting short-term price movements, especially for major coins in the top 20 CMC, becomes particularly challenging.
While Bitcoin investors hold and average their positions, altcoin enthusiasts seize the moment: dozens of new projects on TON, BSC, and SOL emerged in spring, with some already delivering significant returns. As more new coins appear, finding the next “gems” becomes harder. Seeing the success of NOT, the market saw a flood of similar projects, many of which are indistinguishable from each other. Early investments in such projects or meme coins are akin to a lottery.
Experienced investors, however, can effectively participate in allocations/presales by investing in tech-driven projects that receive attention and support from funds through proper analysis and selection. Here, we’ll explain how to do this effectively.
What are Cryptocurrency Allocations?
Allocations provide an opportunity to acquire tokens of a new project before they hit the market. By participating in allocations, investors purchase lots corresponding to a specific number of tokens. You buy your lot, wait, and receive the tokens. This way, you can purchase promising coins at the best price.
How to Find Promising Crypto Projects Planning to Launch
1) Crypto Data Aggregators and Media
Information portals and data aggregators help gather valuable insights about crypto projects. Popular resources like CoinMarketCap and CoinGecko are great for analytics but provide data on coins already trading. To find presales and allocations, you can use portals like ICODrops, ICOBench, and similar sites where information about public presale rounds of projects is published. Additionally, reading articles in the media about projects preparing for launch, those successfully raising funds, and those negotiating with funds is beneficial.
2) Crypto Communities
Crypto communities are valuable for finding promising projects. Besides organizing events and discussions in chats, leading crypto clubs have dedicated analytics departments. Ideally, these are expert teams that constantly monitor the market and select startups. This information is shared with the community, and the club collectively invests in new projects. Access to such exclusive information is usually paid, but some free platforms, like Alloca.io, are worth mentioning.
3) Launchpad Platforms and Exchanges
Launchpad platforms are specifically designed for launching new projects. They provide access to tokens before they enter open trading. In theory, this is an ideal place to find interesting and potentially profitable projects, as many platforms have a moderation system. In practice, finding gems among thousands of meme coins is challenging. Most popular exchanges also conduct their own launchpads, offering early token purchases or allocation participation. If a launchpad is conducted on a reputable exchange, the project’s trust and popularity are significantly higher.
How to Assess the Prospects of Crypto Projects
To become an advanced crypto investor, you need to learn how to select promising projects for investment and know what to look for. Here are a few tips to help you filter crypto projects more thoroughly and find the most interesting ones:
While Bitcoin investors hold and average their positions, altcoin enthusiasts seize the moment: dozens of new projects on TON, BSC, and SOL emerged in spring, with some already delivering significant returns. As more new coins appear, finding the next “gems” becomes harder. Seeing the success of NOT, the market saw a flood of similar projects, many of which are indistinguishable from each other. Early investments in such projects or meme coins are akin to a lottery.
Experienced investors, however, can effectively participate in allocations/presales by investing in tech-driven projects that receive attention and support from funds through proper analysis and selection. Here, we’ll explain how to do this effectively.
What are Cryptocurrency Allocations?
Allocations provide an opportunity to acquire tokens of a new project before they hit the market. By participating in allocations, investors purchase lots corresponding to a specific number of tokens. You buy your lot, wait, and receive the tokens. This way, you can purchase promising coins at the best price.
How to Find Promising Crypto Projects Planning to Launch
1) Crypto Data Aggregators and Media
Information portals and data aggregators help gather valuable insights about crypto projects. Popular resources like CoinMarketCap and CoinGecko are great for analytics but provide data on coins already trading. To find presales and allocations, you can use portals like ICODrops, ICOBench, and similar sites where information about public presale rounds of projects is published. Additionally, reading articles in the media about projects preparing for launch, those successfully raising funds, and those negotiating with funds is beneficial.
2) Crypto Communities
Crypto communities are valuable for finding promising projects. Besides organizing events and discussions in chats, leading crypto clubs have dedicated analytics departments. Ideally, these are expert teams that constantly monitor the market and select startups. This information is shared with the community, and the club collectively invests in new projects. Access to such exclusive information is usually paid, but some free platforms, like Alloca.io, are worth mentioning.
3) Launchpad Platforms and Exchanges
Launchpad platforms are specifically designed for launching new projects. They provide access to tokens before they enter open trading. In theory, this is an ideal place to find interesting and potentially profitable projects, as many platforms have a moderation system. In practice, finding gems among thousands of meme coins is challenging. Most popular exchanges also conduct their own launchpads, offering early token purchases or allocation participation. If a launchpad is conducted on a reputable exchange, the project’s trust and popularity are significantly higher.
How to Assess the Prospects of Crypto Projects
To become an advanced crypto investor, you need to learn how to select promising projects for investment and know what to look for. Here are a few tips to help you filter crypto projects more thoroughly and find the most interesting ones:
- Technological Solution: The most crucial aspect of a new fundamental project is a relevant and effective technology. Evaluate projects by asking yourself: What problem does the project solve? Why is its solution relevant? Is the problem it addresses significant?
- Assess the Team: Pay attention to the team’s experience, qualifications, reputation, and achievements.
- Analyze the Project’s Market: Ensure it addresses a significant problem with real use cases — meaning people will use and pay for the project’s solution.
- Study Tokenomics: Evaluate the fairness of token distribution, financial model, token prices for different rounds, and unlock schedules. Beware of projects allocating large sums to the team and other expenses, as this can impact the future price.
- Check Partners: Find out which major players support the project and which funds invest in it.