Starting from on-chain data, looking for potential 100x coins

Low market cap projects have the potential to achieve 100x returns, but how to identify them early is key. Compared to relying on recommendations from opinion leaders, making decisions based on on-chain data may be a better starting point.

A certain data platform provides a simple strategy to discover early low market cap projects. By using the token filter, you can find newly deployed tokens recently purchased by smart money within 14 days of (. They can be sorted by metrics such as the number of smart holders, transaction counts, fully diluted market cap, etc.

For example, we can find tokens deployed within 7 days and focus on projects where the number of holders increases with the number of transactions. Most of them are low market cap coins, with some even as low as $559,000 fully diluted market cap.

At this stage, it is still difficult to determine which one will achieve 100x growth, requiring further analysis. You can look for information on CoinGecko, check social media trends, browse official websites, etc., to make your own judgment on whether it is worth paying attention to.

It is also necessary to check the concentration of token holders, as well as whether the smart funds are buying or selling. Observe the community atmosphere and participation, pay attention to the attitudes of insiders, and understand the background of investors, unlocking timelines, and the utility of the tokens, etc.

This method has its pros and cons. Although the gains outweigh the losses, a 100x coin return has not yet been realized. However, compared to blindly following the advice of opinion leaders, this data-driven strategy may provide better opportunities.

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Using AI Tools to Track Market Sentiment and Trends

An AI tool can be used to track market sentiment, identify popular narratives, discover trending topics, and more. It scans social media posts to identify tokens that are gaining more attention.

This tool will evaluate the sentiment ) bullish or bearish (, social media engagement, etc. It will also aggregate information from various online resources, summarizing protocol features and updates, saving a lot of time.

By using the "Smart Follow" feature, you can see which projects have been recently followed by accounts recognized as "Alpha Hunters". These projects often have not yet issued tokens, giving us time to prepare for the token launch.

Finding a 100x coin usually requires in-depth research into a certain narrative, and then using on-chain data to determine whether "smart" wallets are moving funds in that direction. Off-chain data is also important, and you can gauge the discussion heat of a token through "mind share analysis"; peaks often indicate local tops.

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Focus on innovative tokens from zero to one

Occasionally, a brand new token will emerge, its uniqueness sufficient to change the trajectory of the industry. The innovation in the economics of such tokens can drive the entire industry forward, creating new directions in the crypto space.

Early detection of such innovations can be confusing, but timely action can lead to considerable returns. Due to our inherent biases, identifying innovations from zero to one is not easy. When new things emerge, they may only attract minimal attention from the community, or even be completely overlooked.

Maintain an open mindset and be willing to try every new thing ), especially those that are controversial (, as it can increase the chances of discovering 100x coins. Here, "assets" are not limited to tokens, but also include other forms such as NFTs.

How to find innovation from zero to one:

1. Seek unprecedented technological innovation
2. Pay attention to community reactions; even dissenting voices are a good sign.
3. Pay attention to confusing new things, as this often means technological innovation or challenges to existing concepts.

The latest example is the Ordinals on Bitcoin. A few months ago, people thought it was impossible to trade NFTs and meme coins on Bitcoin. The next 100x coin may come from the upcoming Rune protocol. If you really want to achieve non-speculative 100x returns, you need to put in a lot of effort to research and understand.

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Analyze potential projects using Dune dashboard

A free Dune dashboard provides tools for analyzing potential projects. To achieve 100x coin returns, it is necessary to narrow the trading range to specific types of assets:

1. Market Cap: Target projects with a market cap below 100 million USD.
2. Project Age: Focus on new projects listed in the last 3-12 months.
3. Narrative: In 2024, more attention should be paid to memes and AI coins.
4. Attention: The project needs to gain sufficient attention to drive the price up.
5. Timing: Become a contrarian investor and identify potential trends before others.
6. Niche Groups: Find the small number of people who are also looking for 100x coin opportunities.

The two key tables of this Dune dashboard consolidate the above points and are worth noting: "New Shiny Degen Tokens Recently Traded by Degens" and "Top 100 Most traded degen tokens by Meme traders --- Last 2 weeks".

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Focus on Specific Types of Airdrops

Two types of airdrops worth paying attention to:

1. Liquidity Mining Airdrop
2. Airdrop based on participation

For investors with limited funds, airdrops based on participation may be more attractive. Such airdrops include using cross-chain bridges, oracles, L1 or L2 networks, participating in testnets, and actively engaging in the early stages of protocols to obtain "early member" NFTs, among others.

Although it requires effort and consistency, airdrops are an effective way to achieve rapid growth for small investment portfolios.

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