Step 1: Follow the lead of investors and venture capital funds
For me, investors have a 50% influence on the success of a project.
- Most projects will be popular for a period of time, and then disappear or no longer attract attention because there will be better new projects on the market. So whether it is technology or other aspects, what developers come up with is only secondary.
- What really affects the price is the team behind it.
Enter Cryptorank:
https://cryptorank.io/
=> Select Fundraising Category
=> Fund
=> Choose well-known VCs such as A16Z Coinbase Ventures Binance Labs, Paradigm, Multicoin, Pantera, etc. Here, you will see the projects they have invested in.
Step 2: Using Arkham
I think Arkham is a good Onchain free product. For people with limited funds and not working in the cryptocurrency industry full-time, Arkham is enough, just like we use the basic version of Trendingview:
Of course, if you have money and can spend money every month to use the full-featured Trendingview or more professional onchain software such as Nansen Glassnode Messari Santiment, that would be even better.
In Arkham, I usually start with two steps:
https://linktr.ee/arkhamintel
- Search for the project name (found on Cryptorank) and view relevant information;
- Directly search for influential market makers in the current market, such as Jump Tranding, wintermuter, DWF labs, GSR Market, Amber Group, etc., to understand the currencies they hold.
This is a quick way to find potential projects and avoid junk projects, but it is only a preliminary step. Real investment decisions require research and comprehensive analysis.
