In the dynamic and ever-changing cryptocurrency space, some savvy individuals have managed to amass significant wealth by investing hundreds of dollars in meme coins like Pepe or Doge.
However, most ordinary investors were caught off guard and did not realize the surge in currency prices until they reached astonishing heights.
When you succumb to FOMO and invest in these tokens after the fact, you find yourself a green leek at the mercy of others.
You can study technical analysis and fundamental analysis all you want, but these potential coins will never show up in any traditional analysis method. Otherwise, every technically competent analyst would be a millionaire by now.
The excitement of discovering hidden potential coins—those digital assets that have the potential to multiply your investment—keeps many cryptocurrency enthusiasts glued to their screens, but that doesn’t really help here.
Although we often hear in the news about the lucky few who are able to buy the right coin at the right time; to actually find these gems and get in before it's too late requires more than luck and a strategic approach .
In my previous article, I have introduced some very useful tools that I often use to search for potential coins that most people are unaware of.
Today I'm going to share a website customized for this purpose.
It’s a free tool called Moralis Money, which offers an intuitive set of filters designed to easily query blockchain data, providing you with key transaction information to help you assess a cryptocurrency’s potential before investing.
In this comprehensive guide, I’ll walk you through the step-by-step process of how to use Moralis Money to your advantage.
By the time you finish reading this article, you will have the knowledge and tools necessary to find those potential coins and potentially seize the opportunity of a lifetime.
Unlike other tools that use complex charts and give you too much information to process, Moralis Money is simple to use. It provides you with a list of crypto tokens that anyone can understand, regardless of your experience.
Since its launch, many people who have used it have made significant profits by finding altcoins before they soar in value.
We can summarize the key points of Moralis Money with the tool’s three core features: Token Explorer, Token Shield, and Token Alerts. They are also a direct response to three of the most common challenges faced by altcoin traders: FOMO, scams, and lack of time.
Token explorer
You can use it to search for specific types of altcoins by setting filters. This also allows people to see different blockchain networks.
Since on-chain data precedes price movements, you can spot opportunities before it’s too late. Thus you will have a reliable system that helps control your emotions and never be afraid of missing out on a coin at the top.
You can filter coins by applying filters such as Coin Age, Net Volume, Security Score, Experienced Net Buyers, Total Volume, and more. I personally often use the filters of Security Score, Net Experience Buyers, and Coin Age.
If you're not sure where to start, Token Browser comes with a selection of pre-built filters for you to choose from.
Be sure to apply a filter on the security score to automatically filter out tokens that don’t match your risk tolerance. As a rule of thumb, it should always be greater than 80.
Token Shield
Token Shield is an automated feature that filters results when users run queries. This function runs a security check on each token in the resulting list and assigns each token a security score.
Users can see these scores within a color-coded shield—the higher the score, the lower the risk. Therefore, by paying attention to Green Shield, users can avoid scams like Rug Pull.
Token alert
You can also set up email notifications when you have questions (unique combinations of filters).
This allows you to automatically run your query and discover new coins that may match your search criteria.
This means that even full-time amateur crypto traders who don’t have the time can spot opportunities when they arise.
Or just give Moralis Money a try using the interactive widget below. Simply select one of the preset filters or apply your own search criteria.
There is also a paid version of the tool that allows for more flexibility in finding and researching new coins, but for new and beginner investors or traders, the free version is more than enough and works well.
In fact, you can also stay updated on new tokens being minted in real time on different blockchains. Newly minted tokens can be very risky, so use extra caution to avoid possible hacking.
I hope you find the information useful and that with the addition of Moralis Money to your toolkit, you will increase your chances of seizing a once-in-a-lifetime opportunity in the dynamic world of cryptocurrency. Moralis Money can truly be your secret weapon in your quest for cryptocurrency success.
There is no denying the power of knowledge, but only when we combine it with action can we unlock its true potential. The journey to success, fulfillment, and personal growth begins with learning, but it takes action to get there. So keep learning; and more importantly, take action.
If you liked this article and want to learn more about cryptocurrencies, why not follow our updates and explore this ever-evolving space with us. May you be richly rewarded on your journey ahead, but also remember to share your insights and experiences with us. Thank you for reading and I wish you all the best in the world of cryptocurrency!