๐ Are you ready to become a DeFi expert and stay ahead of everyone else?
โ The tools you use are what will bring you success.
Here are my TOP 5 TOOLS for researching DeFi protocols.
๐ Let's dive in! X2
If you didn't see my previous thread on this topic (X1), I recommend you do so.
-- In it is a detailed ALPHA strategy.
twitter.com/CryptoBlooom/status/1626869185946206209?s=20
In this thread, we will examine new tools and create a comprehensive strategy:
โข @bubblemaps - Wallet connection & Token Bubbles
โข @DeBankDeFi - Your portfolio and tracking smart money (multiple networks)
@0xWatchers - Alpha overview of tokens + exclusive insights
โข @cherrypick_xyz - Comprehensive overview of Token information
โข @ListingSpy - VIP info on new token listings.
1. Find a token you want to invest in.
Either find a good popular one like $MATIC that is promising due to all the recent innovation and adoption.
Or use @ListingSpy to find tokens that are getting listed on popular exchanges.
๐ Could indicate increased trading volume coming.
2. Then let's confirm if it's investment potential.
(BTW, a thread about finding tokens through HIGH IQ SMART MONEY traders is coming soon. Follow for it).
Next step: ๐
3. Head over to Watchers pro.
Here you see the TOP addresses holding $MATIC. The token I choose for this strategy.
-- Find out when the top holders bought and other exclusive insights.
watchers.pro/#/address
Tip:
You can then also go to @DeBankDeFi to see what else these addresses are holding.
Next.
Continue with @0xWatchers.
Get the ๐ณ Whale Representation of the token. (Whale Watch)
Check:
โฆ Latest Activity
โฆ Trades
โฆ What percentage of the total supply of $MATIC are Whales? ๐ณ
4. This can also be done with @bubblemaps where you see the holders in terms of bubbles.
They didn't have $MATIC listed, so I used @koinosnetwork $KOIN and its super well distributed, including exchange addresses!
For the addresses, same here. You can go and see what else they hold over at:
โฆ @DeBankDeFi
ALPHA:
5. Then we move to the next tool:
๐งช @cherrypick_xyz
๐ app.cherry-pick.xyz/matic/overview
The tool is absolutely PACKED with alpha research material
โฆ Are the holders in it for longterm?
โฆ Profit loss ratio
โฆ Net moving profit loss
โฆ Determine if a toke is over or under-valued
Here we get an awesome overview of the token in question.
What do you see?
$MATIC
Token Price:
โฆ $1.48826
Number of Holders:
โฆ 593,075
Market Capitalization:
โฆ $15,355M
Deployed (age):
โฆ 1401 days ago
Best thing:
6. Check how much of the percentage (%) are fully convinced & longterm holders?
๐ก This shows the strength of the token and its community.
A rough determination if they will sell on you or not. (If they are likely to keep holding.)
But you need to remember, always try to sell at the cycle top.
- Don't hold forever...
I learned that the hard way, seeing my TOP performing portfolio getting crushed.
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I know all about how researching crypto can be chaotic, that's why I have gathered tools and resources in one place. โฌ๏ธ
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Back to analysis:
7. Moving Profit Loss ratio of token?
This is good for determining if a token is under or over-valued.
Absolutely KEY.
Further: How to determine if a token is over or undervalued.
The "Realised Price".
โฆ It gives you an average price purchases of the token.
Anything under it is cheap!
Further indications and an important question.
โฎ When to buy?
Check the NET moving profit & Losses. This gives you the answer.
The Net moving profit & losses give you further insight into when a token is undervalued by checking to find out what percentage of people are at a loss or at a profit in specific price ranges.
โฆ Use with caution.
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