Some of the craziest returns of 5X, 10X, 50X, or even more are achieved by people who find new coins early on-chain and hold them as they explode in growth. Here’s how you can start researching and finding these coins for yourself 👇🏼 Finding New Coins:There are a few key metrics to look at to determine how early you are to a coin:-Market Cap:This is the most important metric to check as it directly affects how much room for future growth a coin has. With new high risk / high reward coins, you are going to be looking for gains of multiple Xs. If a coin is at a market cap of $500k then it can 20X and still only be at a market cap of $10M. However, if a coin is already at a market cap of $2M then reaching that same $10M market cap target would be a 5X. What market cap range you look for when deciding whether to buy a coin or when to take profit depends on your personal view of the potential of the coin. If you find a project with real utility in a sector of crypto with a lot of demand, or a project that offers improvements over existing products/services then you may aim for higher. On the other hand, if you were just lucky to be early to a coin taking advantage of a short term source of hype then you may want to take profits on the way up rather than hold longer term.-Liquidity:Most new coins do not launch with significant liquidity. If you are working with less capital then this can actually be an advantage for you in some cases. When a coin has lower liquidity, it means that large buys/sells will move price more. It also means that volatility will generally be greater as it takes less volume to move price significantly. If a coin has real potential but low liquidity, then entering with a small amount can allow you to be early without suffering too much from slippage. Then, if the coin takes off, liquidity can improve as more is added or it gets listed on more exchanges (centralized or decentralized) which can allow larger players to then buy as well.-Holders:You can check on-chain how many holders a coin has. Clearly, the lower the number of holders is, the earlier you are.-Age:You can also check on-chain to see when the smart contract for a coin was deployed and when it was first listed on a decentralized exchange to determine exactly how new a project is.Strategy:The easiest way to start scanning new coins and checking the characteristics I just covered is through DexScreener. Very new coins won’t always be listed on CoinGecko or CoinMarketCap yet, but DexScreener lists coins as soon as they are added to a dex. It also displays price, market cap, volume, liquidity, FDV, and other metrics to make it easy to decide which coins to give a deeper look. You can also filter all the new coins by characteristics such as age, liquidity, what chain they are on, price change, and more. There are a few reasons a coin may catch your attention: large number of trades being taken, large price increases, significant liquidity being added early on, or even just the name of the coin. Regardless, once you see a coin you want to learn more about you can click on it to open the chart and see more details. Here’s what to check next:-Name/Contract Address:You can search the name and/or contract address of a coin on twitter and do a quick scan for any red flags or or positive signs. Red flags would include credible information that the coin may be a scam/rug or that the team/dev is dumping early on. Positive signs could include an active twitter page for the project, a community around it, or traders with strong track records following/mentioning it.-Holders/Liquidity Providers:If one or a few addresses hold a significant portion of a coin’s supply it is worth figuring out why. One of the larger holders will usually be the liquidity pool for the dex, but it is also possible that a team/dev reserved a large portion of the tokens for themselves. It is a good sign if the LP tokens for the pool and any team/dev allocations are locked at least for a fair period of time as this incentivizes them to grow the project and removes concerns about immediate dumping. Another reason an address may hold a large portion of the supply is if they were extremely early or sniped the token launch to buy a lot of coins for very cheap. If this is the case, they will almost always dump the tokens at some point. However, if the project has real potential then that dump could provide a good entry.Risk Management:It is absolutely essential to practice strong risk management when trading new coins. It is completely possible for a new coin to go to 0 and for your investment to end up worthless. That is the risk you take in exchange for the potentially massive rewards. However, if you implement risk management procedures then you can lower that risk.-Portfolio Allocation:You should not be risking any amount you are not willing to lose on new coins. Even if a new coin does end up going 10X or more, it is very common for there to be corrections of -50% or more during that uptrend due to the extreme volatility of microcap coins. If you are overinvested then these corrections could cause you to panic sell and miss out on the subsequent gains. On the other hand, if you are comfortable with the amount you invested then you will be able to remain calm and hold through the volatility.-Taking Profits:So you did the research, found a promising coin early on, and have made some crazy returns … don’t be scared to take profits if the amount you made is significant to you personally. It is very easy to see someone else on twitter making a 6 figure trade or holding a memecoin for 1000X and feel like your own gains are small in comparison. Unfortunately, this has led to many people refusing to take profits and giving back life-changing profits. Don’t let that happen to you. You can always take at least partial profits and continue holding some coins in case the uptrend continues.

Recently, a user shared a cautionary tale about their experience on Binance P2P, highlighting the importance of vigilance and security measures when trading cryptocurrencies. Here's a breakdown of the incident and some key takeaways:
What Happened:
- A user, new to Binance, sold $63,000 USDT to a Binance P2P user named "24tranders."
- Instead of receiving legitimate payments, the user received a large sum of money from three different sender names into their Pakistani bank accounts.
- Subsequently, the user's bank accounts were frozen by the Federal Investigation Agency (FIA) due to complaints filed by individuals whose accounts were hacked by the scammer.
Detailed Recount of Scam Patterns:
The scam followed a familiar pattern observed in cryptocurrency fraud cases:
1. Initial Investment: The victim initiated a cryptocurrency transaction, intending to sell $63,000 USDT.
2. Rebate and Request to Invest More: The scammer, posing as a legitimate trader, sent a significantly larger sum of money to the victim's bank accounts, creating a false sense of profitability. Encouraged by this apparent windfall, the victim was persuaded to invest more money into the scheme.
3. Request for Security Deposit: As the victim became more deeply involved in the scam, the scammer requested a security deposit, purportedly for transaction security or verification purposes.
4. Ultimate Scam: After the victim had invested a substantial amount and complied with the scammer's requests, the scammer disappeared with the victim's funds, leaving them with frozen bank accounts and no recourse for recovery.
Key Learnings:
1. Verify User Details: Always verify the details of the person you're trading with on Binance P2P. Look for the verified badge and ensure that their account matches with the information provided on Binance and in bank transactions.
2. Security Measures: Pay attention to security indicators such as the "security amount deposited" text, which adds an extra layer of protection against potential scammers.
3. Name Matching: Ensure that the name of the trading counterpart matches with both Binance and bank transaction details. Any discrepancies should raise red flags.
4. Exercise Caution: Be cautious when dealing with unfamiliar traders, especially if their accounts lack verification or exhibit suspicious behavior.
Expectations from Binance:
As a leading cryptocurrency exchange platform, Binance has a responsibility to prioritize user safety and security. Users expect Binance to implement robust measures to detect and prevent fraudulent activities, including:
- Enhanced user verification processes to minimize the risk of fraudulent accounts.
- Proactive monitoring of transactions for suspicious patterns and behaviors.
- Swift response mechanisms to address scam reports and assist affected users.
- Transparent communication and educational resources to empower users in identifying and avoiding scams.
In conclusion, while cryptocurrency trading offers exciting opportunities, it also carries inherent risks, particularly in peer-to-peer transactions. By staying informed, exercising caution, and adhering to security protocols, users can protect themselves from falling victim to scams and contribute to a safer trading environment.

#ScamRiskWarning

Navigating the Rise of Peer-To-Peer Payment Scams
Peer-to-peer (P2P) transactions, facilitated through mobile apps, have become a staple in modern financial interactions. Whether splitting bills, repaying friends, or making purchases, millions of Americans rely on P2P payments daily. However, the convenience comes with risks, as scammers are increasingly targeting users of payment apps.
Key Facts
- P2P transactions are booming, expected to hit $1.4 trillion in 2023, with projections reaching $2.3 trillion annually by 2026.
- Alarmingly, 8% of banking customers report falling victim to P2P scams within the last year, with a median loss of $176 per customer in 2022.
How P2P Payments Work
P2P payments allow individuals to transfer money without traditional banking methods. Popular apps like PayPal, Venmo, Cash App, and Zelle have made sending money instantaneous and effortless. Additionally, P2P lending offers an alternative to borrowing from banks, where investors fund loans for potentially higher returns.
Common P2P Payment Scams
Scammers exploit P2P platforms through various tactics, including phishing, unauthorized transfers, fake “accidental transfers,” and impersonation scams. These schemes target users' money or personal information, posing a significant threat to unsuspecting individuals.
General P2P Payment Statistics
- Over 159 million Americans are expected to engage in P2P mobile payments in 2023, representing over 47% of the population.
- Despite increasing usage, P2P payments remain niche, with only 6% of Americans favoring them for everyday transactions.
Why Consumers Use P2P Apps
P2P payments serve various purposes, from gifting to repaying debts. Common transactions include birthday and holiday gifts, as well as rent payments, with consumers seeking convenience and flexibility.
General P2P Fraud Statistics
- P2P fraud escalated rapidly, reaching an estimated $1.7 billion in losses in 2022, marking a 90% increase from the previous year.
- Black and Hispanic Americans are disproportionately affected, with 22% reporting victimization compared to 10% of white Americans.
P2P Fraud Statistics by State
- States like Oregon, Vermont, and Washington report the highest per capita imposter fraud complaints, indicating significant scam activity.
- However, some states, such as New York and California, have witnessed declines in fraud complaints, suggesting varying regional trends.
Protecting Yourself Against P2P Payment Scams
Given the rising threat of P2P scams, users must take proactive measures to safeguard their finances:
1. Verify recipient details before sending money.
2. Exercise caution and double-check transaction details to prevent errors.
3. Keep P2P apps updated to leverage the latest security features.
4. Implement multifactor authentication for added account protection.
5. Refrain from sharing sensitive information, especially with unsolicited callers.
6. Report suspicious activity to the P2P service provider promptly.
As P2P transactions continue to surge, staying vigilant and informed is paramount to avoid falling victim to fraudulent schemes. By adopting prudent practices and remaining aware of potential risks, users can enjoy the benefits of P2P payments securely.

#ScamRiskWarning