It is always fascinating to hear stories about how someone invested a couple of thousand dollars into a cryptocurrency and turned that into millions of dollars. Two brothers from New York invested about $7,900 into Shiba Inu (SHIB), a coin created as a spinoff of Dogecoin (DOGE), and their initial investment ballooned into nearly $9 million.
Dogecoin itself was already created as a joke and became widely popular with the help of Elon Musk’s tweets. These so-called meme coins and altcoins have created many millionaires, as well as meme stocks like GameStop and AMC. But by the time everyone is talking about it, it is often too late. The biggest gains have already happened, and if you jump in because of fear of missing out, the chance of losing your investment is high.
The key is to find these crypto gems before everyone else. And you can do so by applying some strategies on how to find them.
In today's video, we will talk about the most used strategies you can use to find the next 10x, 100x, or even 1000x crypto gem. And you'll understand why PulseChain and PulseX are the next 1000X or 10.000X.
So, watch this video all the way through so you don't miss any details.
HI CRYPTOPRNRS! we are giving away $1000 to 10 lucky winners! Each winner will get $100 to start their crypto journey. All you need to do is like the video, subscribe, comment on your favorite crypto coin in the comment section and register yourself on our giveaway link [] in the description! Winners will be announced in our videos & Telegram group! you should also consider joining our channel as a member! Our members enjoy cool perks, free merch, exclusive deals, and more!
Let's get started!
Crypto coins are crypto-currency coins and tokens that are undervalued and out of the public eye, with the potential to provide massive gains. These new coins often have a very low price, often less than a penny each, and offer the potential for great returns. Because these coins have a lower total market cap, it takes much less market participation and volume to multiply the value of these coins by 100. For Bitcoin or Ethereum to grow 100x from their current value, hundreds of billions, if not trillions, of dollars of new money would have to flow into them.
It's also important to be able to distinguish scams from legitimate coins. And even with legitimate coins, the risk is high, so we'll explain how to spot the risks and make wise decisions when buying these coins.
There are many criteria you can look at to determine if the risk/reward of buying a specific coin is worth it. A crypto gem doesn't have to have all of them, but the more of them there are, the more likely it is to be a crypto gem.
The first thing to do to start learning about a coin is to look at the project itself. Visit the website and see who the team behind the project is. Try to find out what other projects they have been involved in if they can deliver on their promises if they are active on social media and if they take suggestions from the community. Also look at how the piece fits into the crypto ecosystem, the possible use cases, and the project roadmap.
When researching the team, also look to see who the backers of the project are. Crypto-currency venture capitalists often back multiple projects, and you can check to see if they have a good track record and if other coins they've backed have performed well in the past.
Once this is done, you should look at the price of the crypto.
You should know that the influence of the price of a specific coin is a tricky subject because the effect it has is mainly due to human psychology. When people are considering buying bitcoins, and the current price of bitcoins reaches tens of thousands of dollars for a single coin, it is not attractive to own a fraction of a bitcoin. But when you buy a coin that is worth fractions of a cent, it is more interesting to say that you own tens of thousands of that coin and to invent scenarios in your head about how much your stash will be worth if the coin reaches a cent or even a dollar. This is also why companies often split their stocks, to make them more attractive to retail traders.
But in the cryptocurrency space, it's important to consider the total market capitalization of a coin, which is calculated by multiplying the number of coins in circulation by the price of the coin.
Bitcoin today is valued at $40,000 and has approximately 18.9 million coins in circulation, giving it a market capitalization of $852 billion.
STEPN is at $3.18 and has 600 million coins in circulation with a market capitalization of $19 billion.
Dogecoin is valued at $0.13 and has 132 billion coins in circulation with a market capitalization of $18 billion.
Many of those who bought DOGEs did mental gymnastics and calculated the value of their holdings if a DOGE reached the price of one BTC. But if a DOGE reached that price, the total market capitalization of DOGE would reach $4.4 quadrillion or about 50 times the world's GDP. See how absurd that is?
So, keep in mind that a low price is advantageous because the coin becomes more attractive due to human psychology, but also look at the number of coins in circulation and set realistic expectations.
Another factor you should look at when searching for a gem is to analyze the smart contract.
This is because many of these coins are created as tokens on a blockchain like the Ethereum blockchain or Binance's Smart Chain. They are created through smart contracts, which cannot be modified, and which define all the functions and parameters of the coin. While this may sound complicated, after reading about how smart contracts work and with a little experience, it is easier to understand what the smart contract is capable of and how the token was created. For example, whether the owner of the smart contract can mint new chips, how many chips he holds, and how the distribution was done. This also allows checking if exploits due to bugs in the code are possible.
Once this is done, the next step is to examine the number of holders
Using blockchain explorers like Etherscan for the Ethereum blockchain and BscScan for Binance's Smart Chain, it is possible to track the number of different wallets holding the coin and the amount held by each. Ideally, especially for new coins, the number of holders should increase as the coin gains popularity, and no single wallet should hold an excessive amount of the coin.
Red Flags to Watch for in Crypto-Coins.
Now that we've talked about what to look for in undervalued coins, let's talk about the red flags to avoid.
Beware of high promises. As with everything in life, if it sounds too good to be true, it probably is. If the team says that this coin is going to go up 100 times in a week, or that you'll get 10% daily interest by holding it, run away and don't buy it. Often, they simply try to inflate the price of the coin so they can unload their bags on these new buyers.
Some projects, to increase the legitimacy of their currency, hire companies like Certik and Hacken to perform smart contract audits and then publish the results. This provides a higher degree of assurance that the smart contract cannot be exploited.
Now, as we mentioned earlier, if you notice that the team and community are inactive, you should avoid this project. In the short term, an active team that includes marketing with enthusiastic fans in the community beats a team that is focused on building something great but in the long term, even if their project is better.
You should also ignore crypto with bad tokenomics.  How the distribution of the coin was made, the use cases, the acquisition schedule, the number of coins in circulation, and the total supply. Coins with bad tokenomics usually have founders who hold a large portion of the coins, or initial backers and crypto investors have purchased coins at a huge discount and are just waiting for their coins to be unlocked so they can throw them away and recoup their initial investment at a profit.
Cryptos, where the majority of the tokens are owned by institutions and founders, are very often Scam.
They often face price manipulation which leads to the collapse of your assets.
This is exactly what happened with the Squid Game crypto.
That is, the more participants, the higher the reward.
It seemed too good to be true because, as people joined, the crypto grew until investors realized they could not sell their holdings. Others were correcting those who were struggling to cash out, explaining that they had to buy marbles, obtained through a paid game organized by the project's owners, to sell.
But this was just a ruse because a few hours later, its value dropped by 99.99%.
 We hope you guys found this video tremendously valuable and especially entertaining. Be sure to check out our Crypto Brand called CRYPTOPRNR; get yourself the highest quality Crypto Merch available right now on the market, and make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye