- Twitter is abuzz this morning when a user says 100x gains are made in bear markets.
- The user says in-depth research is essential to finding these potential 100x tokens.
- He then goes on to share some tools to help identify 100x gain tokens in bear markets.
Twitter is buzzing this morning as a seasoned crypto and DeFi enthusiast drops a few pearls of wisdom. Specifically, Cyril shares some identifiers to finding tokens with possible 100x potential in bear markets.
As we can see from the tweet above, Cyril begins by stating that 100x gains are made in bear markets. However, he does admit that these potential assets will not be easy to identify. After all, if anyone could tell what projects in the industry have 100x potential, then we would all see guaranteed gains.
Cyril then goes on to share exclusive tips that will help traders 10x their research productivity. First for DeFi enthusiasts, he says Token Terminal is imperative. This tool gathers financial data like revenue, profits, user growth, etc, on blockchains and DApps. Using this Cyril says traders can make informed, data-based decisions.
Next on the roster is Messari. Cyril calls this tool “the go-to source” for top-tiered research and market analysis on everything crypto. It produces highly detailed reports on DeFi and additional crypto topics that could place traders ahead in the game.
Then he highlights Dune Analytics. Here, you can catch inside scoops on big crypto projects thanks to Dune’s community created dashboards. Next he mentions LunarCrush. Here’s a tool that checks social metrics and analyses the sentiments for cryptos. Social sentiment is huge when it comes to predicting project success and this is a great tool to analyze just that.
Continuing on, Cyril adds Artemis and Nanoly to the list. The former he says is like putting on night vision goggles. This comparison is because the tool sheds light on trends and patterns that escapes the naked eye. The latter monitors the best yield projects in DeFi.
Finally, CryptoFeesInfo and Zerion come to light. The former is a simple and quick tool for viewing daily costs of different protocols. The latter helps you keep track of whales, spot popular whales and check out their portfolio distribution.Lastly, Cyril names Coin Bureau as the final tool to help identify 100x tokens. In particular, Cyril says this YouTube channel provides educational content about crypto. He calls it a great source of learning and a fool-proof way of staying on track with industry news.
