如何像专业人士一样研究加密货币

The key to getting rich in crypto can be summed up in just four letters. D Y O R. Doing your own research can be and often is the difference between making your smartest investing decisions or throwing money down the toilet. Only by researching cryptocurrencies can you truly understand what they are, how they work, and their future potential, if any. That's why today we're giving you the sevenstep process we use to research cryptocurrencies here at the Coin Bureau.

So stay till the end and you'll have everything you need to research crypto like a pro. All right, before you take your first step towards mastering the art of DY, it helps to understand what you're up against. So let's open Coin Market Cap, check how many cryptocurrencies exist, and oh dear lord. Yep, there's over 50 million crypto coins and tokens out there with most of them being completely worthless. Now, obviously, nobody has time to go through all of them.

Not even with a team of full-time crypto researchers like we have. So, instead, you need to narrow the field, which is why step one is starting with narratives. Now, these narratives could include anything from AI, privacy, deep, ras, payments, DeFi, or whatever else. The goal is to identify which narrative is leading right now, then identify where capital will likely rotate next. To do this, you need to understand that crypto narratives follow a four stage life cycle.

Stage one is inception, usually triggered by a technological breakthrough or macro event. This is when only deep dive researchers and the teams building the project themselves are paying attention. It's the perfect entry point because prices are still subdued for now. Stage two is excitement where things start to heat up, people begin to notice what's happening and VC firms start taking early positions. Stage three is social proof where FOMO starts to take over.

Social media is filled with influencers talking about projects within that narrative and prices start to go parabolic. And stage four is peak euphoria. This is where media outlets write about crypto bros becoming overnight millionaires and crypto Twitter is flooded with rocket emojis and LFG on almost every post. And you can learn more about spotting the next crypto narrative in the video over here. Anyway, spotting a narrative that's already taking off is easy.

Just track what's trending on X or which cryptos have already gone vertical. But by that point, you're already too late. So, how do you figure out where capital rotates next? By looking at the data. A good place to start is developer activity. If you see a particular narrative getting a surge in GitHub commits, this can be a reliable signal that big things are coming. Another thing to do is follow the money by tracking capital flows.

And a good way to do this is by checking total value locked or TVL on sites like DeFi Lama. Pro tip, go to the chains tab, look at the 7-day TVL change, and spot any chains seeing outsized inflows. But arguably the most powerful signal is social volume. Basically, how many mentions a project or narrative is getting on social media. This can be hard to track manually since your algorithm tends to show you things you've already engaged with.

Thankfully though, sites like Sentiment and Lunar Crush give you a much clearer view. Okay, so once you've found the right narrative, step two is to filter out a few promising cryptos within that narrative that could outperform. Luckily, that's easy to do using tracking sites like Coin Gecko or Coin Market Cap, which group cryptocurrencies by narrative. The good news here is that spotting the cryptos with the most potential is actually easier than you might think. you just need to be on the lookout for three things.

The first of these is a relatively low market cap. That's because a crypto's market cap is a big factor in determining how much it can pump, not the crypto's actual price tag. A lower market cap typically means less liquidity. That means you have to be sensible when sizing your buys. You shouldn't be buying a ton. But it also means it takes less buy pressure from the market for that crypto to 2x, 5x, 10x, and so on. So ideally, you want a few projects with large caps, market caps over $1 billion, a few midcaps, $100 million to $1 billion, and a few small caps, anything below $100 million.

Incidentally, the second thing to look out for is a low price tag. While market cap is what actually determines potential, a surprising number of investors, especially inexperienced retail, think a low price means a crypto is cheap. They see a sticker price with loads of zeros and assume they'll be rich when that token reaches a dollar. News flash, that almost never happens. And the third thing to look out for is accessibility.

Basically, your crypto should be easy to buy on numerous exchanges and ideally should be available to US investors. Obviously, it won't pump if people can't buy it. Now, if you find a project that ticks all three boxes, you might be on to a winner. However, the market moves fast and you always need to be on the lookout to keep up. And if that sounds daunting or you don't have time to spend 16 hours a day at a computer, then you can make it much easier by joining the Coinb Club where we're dedicated to finding great market opportunities, not just in crypto, but in Tradfi, too.

And right here on YouTube, you can now access the new Coinbureau Club Light Plan. For just $10 a month, you'll get daily market updates across both crypto and tradi, giving you our team's insights on the best market opportunities and our curated updates with just the bits that matter. To get started, just tap the join button below this video and I'll see you there. All right, so you've selected a few cryptos from your narrative.

But here's the kicker. These days, a narrative alone will only take a crypto project so far. Quite often, a particular narrative only gets a brief moment in the spotlight because one of its cryptos saw a quick pump. This is why step three is checking a few adoption metrics to see whether your crypto actually has growth potential. You basically want to see if your crypto has a pulse or if it's dead in the water. To keep things simple, you can split this step into three layers.

The first layer is checking how much direct usage your crypto is actually seeing. The easiest way to do this is with a block explorer. Now, if it's a token, you can use the underlying blockchains explorer. For example, Etherscan lets you check any project built on Ethereum. If it's a layer 1 crypto, though, it can be harder to find the data you need. And make no mistake, if there's no transparent way to access the necessary data, that's a major red flag.

So, assuming you found the right block explorer, though, there are a few things to check. The first is active accounts or wallet addresses and the number of new addresses being created. And while you're here, you can also check how many transactions are happening on that protocol from day to day. You also want to see how many holders the project has. Ideally, you want lots of holders without a handful of wallets controlling a big chunk of the supply.

Those large holders are whales who could dump their bags at any time, crashing the price in the process. Just keep in mind though that the metrics we've just mentioned are often inflated with bots. So, do take them with a grain of salt. That's why the second layer to this step is checking the project's economic usage, which you can do on sites like DeFi Lama or Token Terminal. Key things to look at here are fees, revenue, trading volume, and TVL.

And that brings us to the third layer of this step, which is checking off-chain metrics to gauge how many users there really are. Look at how many times the project's browser extension wallet has been downloaded, if one exists. If the project has a mobile app, check how many downloads it has, too. With all those metrics covered, you should have a good idea of

原文超出正文长度上限，此处截断——上游还有内容，完整版见上方「原文 ↗」。