Knowledge

    How to find Hidden Gems on Twitter effectively and quickly? Market247.io

    ByJustin
    Sep 13, 2022

    Because projects update information on Twitter the quickest, it is important for investors in the cryptocurrency market to pay attention to it. Market247.io will show you “How to find Hidden Gems on Twitter” quickly and effectively in this article.

    What is a Hidden Gem in crypto?

    find-hidden-gems-on-twitter.jpg

    Hidden Gems is a term used to refer to coins / tokens that are undervalued and unknown to many people due to the very small community. Sometimes coins/tokens are trending sideways while the whole market is growing, but once it starts to rise, the swings are huge.

    How to find Hidden Gems on Twitter in crypto?

    Here are 3 basic steps to answer the question that "How to find Hidden Gems on Twitter?"

    Step 1: Follow Twitter

    follow-projects-hidden-gems.jpg To get started, you need to create your own Twitter account first, and follow the official Twitter channels of the project, especially the Layer 1 blockchain (Blockchain platform).

    How to research projects on twitter in the most detail:

    • Search by Keyword: Access the website Coingecko → Type the name of the project you are looking for → The standard information of the project will be on the right hand side of the screen, just click directly on the information you need to look up.
    • How to follow on twitter: Click on 'Follow' and the bell next to it (when there are tweets, the system will send an automatic notification) The purpose is to help you not to miss new information.
    • Follow recommended projects: Go to the project Twitter page, notice that the right box will have related suggested projects, click follow and read through their introduction.
    • Read the latest posts of the project to understand the operating structure & upcoming plans.

    Step 2: Set up the template and mapping out

    Make an overview sheet for the system that will be monitored, and clearly label the system's puzzle pieces by dividing them into columns and categories (Project, Token, Launchpad, Twitter, Overview, TVL...).

    Each project should be noted on the sheet for easy comparison. When determining which project attracts the most liquidity and is the most active, for instance, look at the Lending & Borrowing jigsaw piece.

    Step 3: Follow and update information daily

    The last step, you need to repeat steps 1 and 2 daily until we have a Mapping Out full of puzzle pieces in the system. Tracking and updating new puzzle projects into mapping out will help you have a more complete and general view of the system you are interested in.

    How to find Hidden Gems on Twitter? Criteria to evaluate

    When all of the projects have been listed, How to evaluate potential Gems? The evaluation standards that we have put together are listed below.

    From the project

    Fundamental Analysis (FA)

    FA-to-find-hidden-gem.jpeg For people who already have a foundational understanding of blockchain and the financial industry, you can find Hidden Gems through fundamental analysis. In order to do this, they must carefully research the projects using the Whitepaper on the company website.

    Investors must be able to respond to the following inquiries if they wish to determine for themselves which projects are genuine Hidden Gems from Fundamental analysis:

    • Which ecosystem and puzzle piece does the project belong to (Category)? To answer this question, you can search for information on the Whitepaper or find out through the project's official social media channels.
    • Is the cash flow flowing to that project or not? If you have created a complete ecological overview sheet, answering this question is no longer difficult.
    • How is the project's Tokenomics? Who holds the most tokens? Is the token allocation schedule reasonable? The answers to these questions are also in the Whitepaper or the project's website.
    • Who is the backer (investor) of the project? This is a group of people who support and support that project. The information will be published on the project's website or posted on relevant social networking sites such as Twitter and Medium... of the project.
    • Is the identity of the project development team transparent and accurate? The anonymization of the team's personal information is seen as an indication that the project is potentially a scam. Investors often appreciate projects that disclose the personal information of the core team on the website.

    It can be said that fundamental analysis is an effective method used to answer the question “How to find Hidden Gems in crypto?”. So if you don't know what fundamental analysis is yet. Learn about this useful knowledge.

    On-chain analysis

    The information and data of the project are public and transparent on the chain (On-chain). Therefore, On-chain analysis is one of the methods that cannot be ignored when finding Hidden Gems in cryptocurrency. Here are some criteria that investors need to pay attention to:

    • Project's products: Normally, projects will provide one or more feasible products and services during the construction process. If the project already has a product/service going live and is receiving sustainable revenue, you can also put the name of that project on the to-watch list.
    • Parameters: TVL (Total Value Locked), Transactions, Volume ... will show whether the project has received the attention of users or not?
    • On-chain about project tokens: Total circulating supply, number of tokens burned (if any) or locked (staking)…

    From Market Sentiment

    Market-Sentiment.jpg

    Each development project is not only dependent on internal factors but also greatly influenced by external objective factors. You can find Hidden Gems of the crypto market through Market Sentiment.

    • Is the market stage good for the development of that project? Is the money flow supporting and pushing the right piece, or is it in another puzzle piece?
    • What the community says about the project, you can observe by going to social media sites such as Twitter, Telegram, Discord, ... to monitor comments from the community. This is also how we can exclude scam, low-quality or non-potential projects when researching.

    Conclusion

    Every investment decision always needs to be thoroughly researched to bring the highest profit. Market247.io hopes, through this article, you have understood how to find Hidden Gems on Twitter in depth. I Hope you hunt for potential projects in the future. Don't forget to follow Market247's social channels to update market information as quickly as possible.

    How to find Hidden Gems on Twitter? - FAQs

    Where can I find a crypto gem?

    NFT Marketplaces.

    Binance.

    Crypto.com.

    DraftKings.

    Looksrare.

    Magic Eden.

    NFT Launchpad.

    NFT Music Platforms.

    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.

    About Market247

    Market247.io is a channel to update blockchain technology and the crypto market news as well as share knowledge, experience, and share earned contracts with the community of crypto market participants.

    Other post

    How to sell dogecoin (DOGE) - A beginner's guide - Market247.io

    Animoca Brands - Overview and portfolio information - Market247.io

    Related Post
    logo
    About Us
    © 2022MARKET247
    Follow Us