Welcome to this article where we will explore how you can leverage Moralis Money to discover and evaluate new altcoins in the crypto market. Moralis Money is a powerful tool that allows you to access real-time information about freshly minted coins on various blockchains, enabling you to stay up to date with the latest crypto offerings. In this article, we will discuss two different ways to find new altcoins using Moralis Money and how you can perform sanity checks and research to minimize the risk of scams.
- Utilizing the New Coins Tab
Moralis Money recently introduced a new feature called the “New Coins” tab. This tab provides you with real-time access to freshly minted coins as soon as they become available on the Ethereum blockchain. By clicking on the New Coins tab, you can see the timestamp indicating when the coins were minted. This feature allows you to be among the first to discover and explore these new coins. It’s important to note that some coins may not have complete data immediately, but you can visit the respective token page to access more details, which usually become available within 10 minutes of the coin’s minting.
Additionally, Moralis Money allows you to switch between different blockchains like Binance and Arbitrum, enabling you to explore new coins across various platforms. This feature provides a quick and efficient way to discover fresh altcoins in real-time.
- Using Filters for In-Depth Analysis
While accessing newly minted coins in real-time is beneficial, it’s essential to conduct thorough research and analysis before investing in any altcoin. This is where the power of Moralis Money’s filter search comes into play. By applying specific filters, you can refine your search and find coins that meet your desired criteria.
To get started, ensure you have the Moralis Money tool, which you can access through the special link provided here. Once you have access, you can begin applying filters to narrow down your search for altcoins.
One crucial filter to consider is the coin age. By setting the coin age to less than a day, you can focus on the latest coins that have been recently minted. This filter allows you to discover altcoins at their earliest stages.
However, it’s important to note that not all newly minted coins are legitimate. To mitigate the risk of scams, you can add the security score filter, which helps assess the reliability and trustworthiness of a coin. A security score greater than 65 is generally considered favorable, indicating a lower risk of scams.
It’s important to conduct further research on the coins that meet your criteria. While Moralis Money provides valuable metrics, it’s always recommended to do additional due diligence to ensure the legitimacy and potential of the altcoin.
Analyzing Altcoin Metrics and Data
When exploring altcoins using Moralis Money, you can access detailed information about each coin by clicking on them. This information includes various metrics such as liquidity, market cap, experienced buyers, and more. By analyzing these metrics, you can gain insights into the altcoin’s performance, growth potential, and community engagement.
For example, the liquidity metric provides an indication of how easily the altcoin can be bought or sold on the market. Higher liquidity generally suggests better market access and trading opportunities.
Additionally, you can examine graphs that depict the altcoin’s price performance over time. Analyzing the price chart and identifying support and resistance levels can help you make informed decisions about the altcoin’s potential growth.
Understanding Token Distribution and Ownership
Moralis Money also provides information about the token distribution and ownership of altcoins. The presence of multiple wallets (indicated by bubbles) holding smaller portions of tokens is generally preferred over a few large wallets holding a significant portion. A well-distributed token ownership structure indicates a more decentralized and potentially stable market.
Furthermore, you can explore the connections between different wallets, as depicted by the size of the bubbles. This information can provide insights into the concentration of token ownership and the potential for market manipulation.
Conducting Comprehensive Research
While Moralis Money offers valuable insights, it is essential to remember that it’s just one tool in your arsenal. To make well-informed investment decisions, it’s crucial to conduct comprehensive research using multiple sources. Stay updated with the latest news and developments in the crypto industry, read whitepapers, review project teams, and consider community sentiment. By combining Moralis Money’s metrics with additional research, you can enhance your ability to identify promising altcoins while minimizing the risk of falling victim to scams.
Finding new altcoins can be an exciting endeavor, but it requires careful research and analysis to make informed investment decisions. With Moralis Money, you have access to real-time data on freshly minted coins, allowing you to stay ahead of the curve. By utilizing the New Coins tab and applying filters for in-depth analysis, you can discover potential altcoins and assess their legitimacy and growth potential. However, remember to conduct comprehensive research beyond Moralis Money’s metrics to ensure you make well-informed decisions. By combining the power of Moralis Money with your research efforts, you can navigate the crypto market more effectively and seize new opportunities while minimizing risks.