Twitter analyst with 250,000 followers says altcoins like Mac, APT, OP and HOOK are superior to older altcoin projects. The experienced analyst shared his own strategy for finding crypto ores in his new analysis.
Altcoin analyst shares his strategy for finding gem projects
In a tweet published on January 22, 2022, @MacnBTC said that new projects like APT, OP and HOOK continue to outperform older cryptocurrencies. The crypto analyst’s comments come from statements where he shared his strategies for finding crypto ores such as MATIC, SOL, EGLD, and LUNA. At this point, the first criterion he uses to find crypto ores is to follow new token listings, especially on Binance. Mac details his strategy, noting that the newly listed cryptocurrencies “have fresh charts, are often unlocked, and can easily create new bull runs.”
New coins still superior compared to old ones $APT, $OP, $HOOK https://t.co/p3WdPj2pKZ
— Mac 🐺 (@MacnBTC) January 22, 2023
Also, looking for new token listings isn’t the only thing investors need to do when looking for gem projects. This is due to the difficulty of distinguishing between a winner and a loser. Mac adds that for each newly listed token, investors should try to find out the token’s special round unlock schedule, its price per token for the kickoff round and all other rounds, as well as who the investors, advisors, and team members are.
Look for price movements like MATIC
The crypto analyst also shared what the ideal chart should be for a newly listed token. According to Mac, an ideal chart starts with a slow and gradual sell-off and climbs the ladder over a maximum period of a few days. The analyst adds that it is a bonus for the crypto to be listed on a red day or when market conditions are bad. As an example, he shared a screenshot of MATIC’s graph with the Layer-2 crypto listed.
Accordingly, MATIC moved to horizontal consolidation around 20 hours after a strong rally in the first hours after listing. The crypto analyst recommends looking for stable momentum like MATIC for a solid technical move.
In summary, Max says it’s vital to keep an eye on new listings. cryptocoin.com As we have reported, Core DAO (CORE) seems to have given some signs in this respect. The altcoin project was recently added to Binance’s price data watchlist. Other reports by different analysts suggest that Web3 projects like CEEK and STARL could explode with Binance listing.
Finally, according to recent statements from Binance CEO CZ, the exchange specifically looks at projects’ metrics such as number of users and value in use. You can take a look at the criteria Binance considers when listing new projects here.
