How to use @tokenterminal to find your next 100x
This strategy will blow your mind with how simple and effective this can be
You will save so much time and money with this strategy
Let's dive in 👀 🧵
@tokenterminal Before we dive in...
I created a FREE guide on how to use @tokenterminal to your advantage earlier this year.
If you haven't seen it you can go cheek it out here 👇 twitter.com/cyrilXBT/status/1588201894987677696
1: Go to @tokenterminal
-Toggle through to their dashboard here you can find:
• Fees
• Price to fees ratio (P/F)
• Trends
• Revenue
• Price to sales ratio (P/S)
• Total value locked
2: Look into the 7d fees:
- Toggle for 7d fees
- You now have a list of blockchains and protocols with the highest fees.
- Make a list of everything!
3. look at the yield
Is that income derived directly from fees?
- How is it distributed?
4. Examine the P/F ratio.
This has the potential to identify undervalued protocols.
Protocols that generate a lot of fees but have a low market cap may be undervalued based on that metric alone.
5. Consider the 7d fee trend.
You've seen the most expensive project fees, but you came here to be first, didn't you?
• Change the trend of 7d fees.
• Displays the projects with the highest fee increases in the last 7 days.
• Keep track of all of these projects!
Careful consideration:
Now that you have a list of protocols with high fees, which is a good starting point, you should look into the following:
• Community
• Team
• White-paper
• Fundamentals
• Investors
• Market cap/Trading history
• Tokenomics
A few amazing Defi legends to check out:
@milesdeutscher
@ViktorDefi
@crypthoem
@thedefiedge
@rektdiomedes
@alpha_pls
@Dynamo_Patrick
@TheDeFinvestor
@MariusCrypt0
@milesdeutscher @ViktorDefi @crypthoem @thedefiedge @rektdiomedes @alpha_pls @Dynamo_Patrick @TheDeFinvestor @MariusCrypt0 That's a wrap! What did I miss?
If you enjoyed this thread: Tag a friend who needs to see this
1. Follow me @cyrilXBT for more of these
2. RT the tweet twitter.com/cyrilXBT/status/1606325154929426434