If lists of “10 promising projects” leave you feeling overwhelmed too, you can use this screening method right away. Experienced investors can skip ahead; below, we’ll focus on how everyday people can quickly weed out projects that are all hype.

Don’t rush to ask which coin will go up. First, screen projects through three layers: “narrative, data, and delivery.” Telling a good story isn’t unusual; the hard part is turning that story into real-world usage and revenue.

1. First, check whether the narrative addresses a real need

The 2023 list spans areas such as RWA, AI, Layer 2, blockchain gaming, and privacy. For example, $TAO focuses on AI computing power and model training, while Realio focuses on tokenizing real-world assets.

What you need to judge is not whether a concept is trending, but whether the problem it solves is likely to persist. Trends come and go; genuine needs usually don’t disappear overnight.

2. Next, look at what kind of data you’re dealing with

User counts, trading volume, TVL, and profitability are not interchangeable. In the original material, $ARB is supported by TVL and daily trading volume, Nakamoto Games highlights the number of games and registered users, while $GNS provides profitability and the price-to-earnings ratio.

These figures represent the scale of funds, level of activity, and ability to make money, respectively—and they mean very different things. They’re also all historical snapshots from 2023, so you can’t use them to judge the situation today, let alone assume that a small market cap means greater upside.

3. Finally, see whether the token can capture the project’s value

This is the step people most often overlook. A project having users and revenue doesn’t mean its token will necessarily benefit too.

After opening the token’s page, don’t rush to trade. First, check three things: Is the data still growing? Does the token have a clear use case? Can the project’s revenue or ecosystem growth benefit token holders? If the narrative is compelling but you can’t answer these questions, put it on your watchlist for now.

Today, pick one project you’re following and reassess it using “narrative, data, and delivery.” That’s more useful than saving ten lists of promising coins.

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