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The Best Exchange To Pick Up New & Mysterious Alts With Great Gains Potential
A lot of the time Binance is pretty good with listing new coins and is often your best bet when it comes to picking up new and smaller cap alts. However, this is not always the case, especially when it comes to the real small caps and undiscovered gems.
If you are wanting to pick up fresh alts then you are quite likely going to have to look outside of the exchanges you usually make use of. We recently saw this with Balancer and Compound, as users who wanted to pick up these tokens as they were released had to seek out a DEX! Had they waited for traditional or larger exchanges to list them, they would have missed out on massive gains.
When it comes to new projects, it's all about being first and finding an exchange where you can actually buy them! Hotbit has tons of coins/tokens that you will battle to find elsewhere. For those battling to find a centralized exchange to buy Balancer, you can find it on Hotbit.
This is also where I found UBT at the beginning of the year, making me a few hundred percent in a matter of months. Remember that you are only utilizing these exchanges to purchase your coins and should ideally move them to your own wallet as soon as you purchase them. Remember projects like TRX are still up 40X from their initial price despite the bear market. If you catch a project early, you almost can't lose, provided it's a fairly decent project with a use case and community.
I heard a story recently of a guy who chose a very different approach in the 2017 ETH ICO bull run. Instead of trying to weed out the scams from the promising projects, he took 1 BTC and purchased 100 random alts. Allocating 0.01 BTC to each and setting sells at 100X. Turns out he landed up making 50 BTC with this approach. In order to get hold of small cap coins one has to utilize exchanges like Hotbit and others.
Hotbit have a grouping of coins that they refer to as "Grrowing". These are generally your more riskier assets that are still to prove themselves in the marketplace. Volumes are obviously also pretty low but there are most likely a handful of projects that will also 100x at least.
As I am writing this a little small cap, GMCI has surged over 40X in 4 weeks and is up 123% for the day. You can confirm it in the screenshot above.
So if you are not too averse to some risk, do some homework and try find the next moonshot! Remember a lot of these coins are very high risk. Please note this is not investment advice but rather ideas in the marketplace that I am exploring. Please do your own research and all the best!
Another alternative exchange to find small caps is Coinex.