Finding information on high-risk, high-return cryptocurrencies, often referred to as “shitcoins,” requires thorough research from reliable sources. Here are some key steps and major sources to consider:
Key Steps to Research High-Risk, High-Return Cryptocurrencies:
- Analyze Market Data: Look at market performance, trading volumes, and price movements. This helps in understanding the current market sentiment and volatility.
- Evaluate the Project: Investigate the project’s whitepaper, team, and roadmap. Look for red flags like unclear objectives or an anonymous team.
- Community Insights: Engage with cryptocurrency communities on social media platforms and forums to gather opinions and updates.
- News and Updates: Stay updated with the latest news on regulatory changes, partnerships, and technological advancements.
Major Sources for Information:
CoinMarketCap and CoinGecko:
- CoinMarketCap: coinmarketcap.com
- CoinGecko: coingecko.com
- These platforms provide comprehensive data on coin prices, market capitalization, trading volumes, and historical data.
Crypto News Websites:
- CoinTelegraph: cointelegraph.com
- CryptoSlate: cryptoslate.com
- Decrypt: decrypt.co
- These sites offer news, analysis, and updates on various cryptocurrencies and blockchain projects.
Social Media and Community Platforms:
- Twitter: Follow influential figures and analysts in the crypto space. Example: @CryptoWhale @Cointelegraph, @decryptmedia, and influential analysts.
- Reddit: Subreddits like r/CryptoCurrency and r/Altcoin provide community insights and discussions.
- Telegram: Many projects have official Telegram groups for announcements and discussions.
Blockchain Explorers:
- Etherscan: etherscan.io for Ethereum-based tokens.
- BscScan: bscscan.com for Binance Smart Chain tokens.
- These tools help track transaction histories, contract addresses, and token supplies.
YouTube Channels and Podcasts:
- Channels like Coin Bureau, Altcoin Daily, and Lark Davis offer reviews, analyses, and news on various cryptocurrencies.
- Podcasts such as Unchained and The Pomp Podcast provide in-depth discussions and interviews with industry experts.
Whitepapers and Official Websites:
- Always read the whitepapers of the cryptocurrencies you are interested in. These documents provide the project’s vision, technology, and use cases.
- Visit the official websites of the projects to get the most accurate and up-to-date information.
How to Get New Feeds on High-Risk, High-Return Cryptocurrencies
To stay updated with the latest news and developments on high-risk, high-return cryptocurrencies, follow these strategies:
- Use Aggregator Websites and Apps:
- CryptoPanic: cryptopanic.com aggregates news from various sources and social media platforms.
- CoinMarketCap and CoinGecko have news sections that provide the latest updates on cryptocurrencies.
- Set Up Alerts:
- Google Alerts: Set up alerts for specific cryptocurrencies or related keywords to get email notifications on new articles and updates.
- Twitter Notifications: Follow key influencers, projects, and news sources. Turn on notifications for immediate updates.
- Subscribe to Newsletters:
- Subscribe to crypto-focused newsletters like The Block, CoinDesk, and CryptoSlate for regular updates.
Example of an Influential Twitter ID for Crypto Information:
Following influencers might be been funded by the project manager and owner for the publicity, and you need to keep your caution all the time to minimize the risk. Or if they are not, they might be interested in promoting the specific project due to their political position, especially the relating comany is the major one.
- @CryptoWhale:
- Description: Known for market insights and often critical perspectives on various crypto projects.
- Focus: Market analysis, trends, and potential scams.
- Link: CryptoWhale
- @VitalikButerin:
- Description: Co-founder of Ethereum, Vitalik Buterin shares insights on Ethereum’s development and broader blockchain technology.
- Focus: Ethereum updates, blockchain technology, and decentralized applications (dApps).
- Link: Vitalik Buterin
- @cz_binance:
- Description: CEO of Binance, Changpeng Zhao (CZ) provides updates on Binance, market trends, and his views on the crypto industry.
- Focus: Binance updates, market analysis, and regulatory developments.
- Link: Changpeng Zhao
- @APompliano:
- Description: Anthony Pompliano, also known as Pomp, is a well-known investor and crypto advocate.
- Focus: Market analysis, Bitcoin advocacy, and investment strategies.
- Link: Anthony Pompliano
- @CryptoCobain:
- Description: A popular crypto influencer known for his humorous and often insightful takes on the market.
- Focus: Market trends, altcoin insights, and crypto culture.
- Link: CryptoCobain
- @CryptoMichNL:
- Description: Michaël van de Poppe is a trader and analyst who provides technical analysis and market updates.
- Focus: Technical analysis, market predictions, and trading strategies.
- Link: CryptoMichNL
- @WhalePanda:
- Description: An early Bitcoin adopter and crypto enthusiast known for his market commentary.
- Focus: Bitcoin updates, market analysis, and industry news.
- Link: WhalePanda
- @SBF_FTX:
- Description: Sam Bankman-Fried, CEO of FTX, shares his views on the market, FTX updates, and regulatory issues.
- Focus: Market trends, FTX updates, and regulatory insights.
- Link: Sam Bankman-Fried
- @MessariCrypto:
- Description: The official account of Messari, a crypto market intelligence platform.
- Focus: Market research, data analysis, and industry reports.
- Link: Messari Crypto
- @TheCryptoDog:
- Description: A prominent crypto trader and influencer known for sharing market insights and trading tips.
- Focus: Trading strategies, market analysis, and altcoin insights.
- Link: TheCryptoDog
How to Measure Risk in High-Risk Cryptocurrencies
Measuring the risk associated with high-risk, high-return cryptocurrencies involves several steps:
- Evaluate Market Volatility:
- Use platforms like CoinMarketCap and CoinGecko to check the price history and volatility of the cryptocurrency. Even though many people love the volatility for gaming and gambling purpose, it needs to be controlled generally.
- Analyze Project Fundamentals:
- Whitepapers: Read the project’s whitepaper to understand its goals, technology, and use case.
- Team and Advisors: Research the credibility and background of the project team and advisors.
- Roadmap: Check if the project has a clear roadmap with achievable milestones.
- Community and Developer Activity:
- GitHub Activity: For open-source projects, check GitHub for code commits and development activity.
- Social Media Presence: Gauge community engagement on platforms like Twitter, Reddit, and Telegram.
- Regulatory Environment:
- Stay informed about the regulatory status of the cryptocurrency in different jurisdictions. Websites like CoinDesk and CoinTelegraph often cover regulatory news.
- Market Sentiment:
- Social Media Sentiment Analysis: Tools like LunarCRUSH provide insights into social media sentiment around specific cryptocurrencies.
- News Sentiment: Track the tone and sentiment of news articles using tools like CryptoPanic.
- Liquidity and Trading Volume:
- High liquidity generally means lower risk of large price swings. Check trading volumes on exchanges using CoinMarketCap or CoinGecko.
- Risk Metrics and Ratios:
- Sharpe Ratio: Measures the risk-adjusted return. Higher values indicate better risk-adjusted performance.
- Sortino Ratio: Similar to the Sharpe Ratio but focuses on downside volatility.
- Beta: Measures the volatility of a cryptocurrency relative to the market. A beta greater than 1 indicates higher volatility.
Ending
Researching high-risk, high-return cryptocurrencies requires diligence and the use of multiple reliable sources. By leveraging platforms like CoinMarketCap, CoinGecko, and engaging with the crypto community on social media, investors can gather valuable information. Always cross-reference data and be cautious of potential biases and misinformation.
