There were times when cryptocurrencies weren’t taken seriously, flowing somewhere on the backdoor of Big Finance. Fast forward ten years later, and everyone talks about crypto! Moreover, many startups use crypto technologies and advances for their benefit. You can notice the place cryptocurrencies take in the modern financial infrastructure by looking at their prices and growth. If you were to invest $10 in Bitcoin somewhere around 2010, when 1 BTC was traded for $0.0008, in 2022, you would hold an enormous amount of 12500 BTC coins that can be converted to an astonishing $251897500 (nearly two hundred and fifty-two billion)!
No wonder everyone’s talking about cryptocurrency these days. And as for now, tons of different cryptocurrencies exist available for trading. They all have different prices, different technologies backing them, and different purposes. As you can see, finding a new crypto coin to invest in can be pretty difficult due to a huge crypto market saturation.
So, where to find new crypto coins, and, more importantly, what to look for? This article will guide you into the most accessible new cryptocurrency sources.
Where to find new crypto coins?
When you’ve only started getting to know the world of crypto, a lot of things can be confusing. No quantifiable and definite parameters make a certain coin or token trustworthy or stable. The market has cryptocurrencies with high liquidity and a good name and a history of fraud or serious price drops. Should it deter you from investing in crypto? We think it shouldn’t ‒ where there are challenges, there also are opportunities.
Having some crypto assets in your portfolio is a great way to make it more diverse. Also, cryptocurrencies’ price volatility can pay off great if you know trading strategies.
So, when can you learn about new cryptocurrencies emerging on the market?
There are a few distinct categories of sources ‒ this classification will let you make your research more convenient. These categories are crypto exchange platforms; social media feeds, different DeFi platforms, and NFT (non-fungible token) marketplaces. We’ll review each of these groups further down the article.
Let’s start by reviewing the most logical place to look for new coin listings ‒ crypto exchange platforms where all these coins and tokens are listed.
Token listing on the P2B platform
To get known to a wider community of traders and prove their liquidity, tokens have to get listed on certain exchange platforms. Most of the new tokens from developing projects end up on tier 2 crypto exchange platforms.
P2B is a tier 2 crypto exchange platform that welcomes promising cryptocurrencies for token listing. For traders, we ensure the tokens we list have enough liquidity to survive in the volatile market, and for crypto project teams, we offer top-notch listing services.
Listing token on P2B is simple: all the project’s team has to do to apply for crypto listing is leave an application for listing. Then, we’ll set an appointment to get to know each other and the project itself ‒ what is its purpose, what are the technologies used, and what is its crowdfunding history? Once we determine the crypto project is eligible for listing, we assist its team in every preparation step, including the audit.
Usually, we list new coins in three days or a bit more ‒ it depends on the technology used and the amount of work required. And what’s more, we don’t stop the support once the token gets listed. Instead, we provide marketing and market-making services that are essential for the value growth of any cryptocurrency. Our community is loyal, active, and invested in discovering new tokens to invest in, so working with P2B pays off for every promising crypto token we list on our crypto listing exchange.
Cryptocurrency exchanges
What about other crypto exchange platforms? They also have their own pools of tokens listed. It’s always better to have an account on a certain crypto exchange platform in order to get better access to new listings. Also, keep in mind that bigger exchanges (for example, tier 1 exchanges like Binance) list more advanced tokens, but the competition between them on the platform is higher.
You can check for new cryptocurrencies both on centralized and decentralized exchanges. For example, P2B is a centralized exchange ‒ with that in mind, they are responsible for the validity of the tokens they list because the platform, in this case, acts as a conductor for transactions.
On the other hand, you have decentralized crypto exchanges. They allow easier trading directly from user to user but can’t guarantee safety from fraud. All they do is provide a platform for trading, taking their fee from every transaction.
It’s always your choice to opt for centralized or decentralized exchanges. Both of them are great for discovering new cryptocurrencies, though ‒ usually, you can get these lists through e-mail updates, or directly on the crypto exchange website in the appropriate category.
You can also take a look through some data aggregators. Some of them can act as a crypto exchange platform, but their more important function is in gathering and analyzing the data from different exchanges with providing up-to-date information about every cryptocurrency. You can choose data aggregators as your starting point while doing your research on new cryptocurrencies.
Social Media
Among all social media platforms, two of them are best for looking for new cryptocurrencies emerging.
On Twitter, you can follow updates from different crypto exchange platforms or analytics ‒ they always have up-to-date information about new cryptocurrencies emerging. Also, you can notice the public speculation about certain cryptocurrencies ‒ it’s also a good way to determine whether or not it has enough attention drawn to them.
Once you create a feed that has enough updates from different crypto blogs, analytics, and exchanges, you’ll be in the thick of it. This is a great opportunity to get a better insight into the crypto market and find new promising coins and tokens.
Another great option to be among the first ones to discover new cryptocurrencies is to be a member of crypto-related chats and channels on Telegram. There are plenty of them ‒ most have their analytics and insights into the industry, allowing you to understand the crypto market better. And, of course, Telegram channels and chats related to crypto have all the recent news about new cryptocurrency listings, launches, and development.
DeFi PLatforms
Moving on to DeFi platforms, you will find that they work great as a news source for new cryptocurrencies entering the market. Decentralized finance platforms work like every other crypto marketplace, except for using smart contracts for executing transactions, which adds a new layer of security for traders.
The key point of DeFi platforms in this case is that they have their tokens to facilitate transactions. And with a relatively small community they can have, you will experience no problem with being among the first ones to learn about a new token.
There are many decentralized finance platforms ‒ you can easily find their names on the Internet or, as an alternative, use fellow traders’ recommendations (this is also where Telegram chats about crypto can be useful).
Non-fungible Token (NFT) Marketplaces
Non-fungible tokens, or NFTs, are hot now. Every NFT is a unique digital asset that was converted into a form of a token. Basically, an NFT image or another object is tied to a unique cryptographic sequence that is stored on the blockchain, making the token truly unique.
Also, non-fungible tokens are entering the Metaverse, which only adds to their value as Metaverse seems to be a promising future technology.
With that in mind, NFT marketplaces are booming with all new tokens. This is where you can not only discover a new promising crypto project but also hear about the upcoming ones, as these marketplaces often promote tokens before they get listed.
The first step to successfully trading cryptocurrency is finding suitable sources of information. If you stay informed, you have the brilliant advantage of being one of the first to use the opportunity and trade the cryptocurrency.
We suggest you use multiple crypto information sources to get a bigger picture. It won’t hurt to have relevant Twitter and Telegram feeds with all hot updates and accounts on different exchanges, data aggregators, and NFT marketplaces ‒ the more sources you have, the more advantage there is for you.