New altcoins that have significant long-term potential may present opportunities. If you prefer the safety and simplicity of centralized exchanges, particularly Binance, then this guide is meant for you.
Finding new altcoins on Binance is one of the best strategies for anyone looking for maximum potential gains on the centralized exchange. This is because Binance is one of the top crypto exchanges, hence newly listed coins can experience robust liquidity inflows. But how do you hunt for new altcoins on Binance?
The Binance “recently added” section
Binance makes it easier to track new altcoins on its exchange via the “recently added” segment. It allows you to monitor your volumes. That way you can tell which coins receive more attention. The section also provides some details of new projects.
Keep up with trends
The goal of hunting new altcoins on Binance is to scoop up good deals before they enter their robust growth phase. Unfortunately, there are so many crypto projects launching every month and not all of them will succeed. Majority will likely not enter into the mainstream.
The good news is that trends are an essential part of every bull run. Some of the narratives expected to drive robust growth this season include artificial intelligence (AI) and decentralized physical infrastructure (DePin).
The good news about trends is that it is easy to track them on social media. X, formerly Twitter is one of the social platforms that one can use for such endeavors. This has worked especially well for Solana memecoins this year.
Going with trends and narratives in the crypto segment will likely boost your chances of picking the best new altcoins on Binance.
Research new altcoins on Binance and their protocols
Since there is an abundance of new altcoins, picking arbitrarily may not be the best approach. Due diligence is just as important as the factors listed above. Every protocol should have a whitepaper highlighting its scope of operations, tokenomics and any other necessary piece of information that potential investors may require.
Researching altcoins allows you to understand their existence from a deeper perspective. This includes being able to gauge which protocol has a more appealing use case. For example, you might investigate whether protocols align with the other factors mentioned above such as trends and narratives.
The research should extend to the team behind each project. A reputable team that has had success in past projects is more likely to rank better. A combination of these factors should make it easier for you to find the nest new altcoins on Binance.
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