Spotting The Next Great Cryptocurrency: 5 Strategies For Beginners – Bankrate

Compare accounts
Get guidance
Compare accounts
Get guidance
Money market accounts
Money market accounts are similar to savings accounts, but offer some checking features as well.
Get guidance
Banking
Unlock financial rewards by signing up for a savings or checking account with a bonus offer.
Get guidance
Compare rates
Get guidance
Compare rates
Get guidance
Buying & selling
Find an expert who knows the market. Compare trusted real estate agents all in one place.
Get guidance
Compare investments
Get guidance
Compare plans
Get guidance
Finding an advisor
Get guidance
Compare cards
Find my matches
See your card matches
Answer a few quick questions and we’ll show you your top credit card options.
Compare cards
See what the experts say
Read in-depth credit card reviews to find out which cards have the best perks and more.
Get guidance
Get advice
Build credit
Compare lenders
Get guidance
Compare lenders
Get guidance
Compare lenders
Get guidance
Compare lenders
Get guidance
HELOC
A HELOC is a variable-rate line of credit that lets you borrow funds for a set period and repay them later.
Home equity basics
Home equity loans
Home equity loans let you borrow a lump sum at a fixed rate, based on how much of the home you own outright.
Get guidance
Compare rates
Popular states
Compare rates
Popular states
Compare rates
Get guidance
Calculators
Get guidance
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence.
Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication.
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy.
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
Our investing reporters and editors focus on the points consumers care about most — how to get started, the best brokers, types of investment accounts, how to choose investments and more — so you can feel confident when investing your money.
The investment information provided in this table is for informational and general educational purposes only and should not be construed as investment or financial advice. Bankrate does not offer advisory or brokerage services, nor does it provide individualized recommendations or personalized investment advice. Investment decisions should be based on an evaluation of your own personal financial situation, needs, risk tolerance and investment objectives. Investing involves risk including the potential loss of principal.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Searching for the next big thing in the cryptocurrency world? Be careful — tons of scammers would love to take your money, while others are creating cartoonish websites to sell memecoins, where the only return may be a good laugh. If you’re on the hunt for a winning cryptocurrency, it’s vital to understand what you’re buying, and that means you need to do your crypto research.
Here’s how to research cryptocurrency like the pros to find a coin that could skyrocket over time.
The best place to begin is by looking at the cryptocurrency’s white paper. This document outlines how the cryptocurrency works, what problems it’s attempting to address and its technical underpinnings, including what are called the tokenomics. Tokenomics — a combination of token and economics — shows how the supply of the coin is managed, how many coins are issued and at what rate. Tokenomics is a key to how much a cryptocurrency will be worth.
For example, three well-known cryptocurrencies — Bitcoin, Ethereum and Dogecoin — each have quite different rates of issuance and total issuance. Bitcoin’s issuance is limited to 21 million coins, while Ethereum and Dogecoin have an unlimited total issuance but an annual limit. A limited supply or deflationary issuance can help bolster the price of a cryptocurrency.
Given the potential in cryptocurrency, traders don’t need to be in on the ground floor to still make a lot of money. Traders in Bitcoin could multiply their money in just the last few years, and the coin has had a long runway of price appreciation. While it can feel good to find the next big thing, you have more than 20,000 crypto coins to dig through, and most of them won’t be winners. Instead, focus on coins such as Bitcoin that have already attracted attention and money.
Cryptocurrency is only worth what the next trader will pay for it, and so its value is based entirely on sentiment. You need to find the most popular coins that have proven to have strong trader sentiment, and the best indicator of that is their strong appreciation over a period of time. Coins that have a solid price history spanning multiple years are also more likely to have it in the future, too.
As you’re researching coins, look at what the cryptocurrency can do. A high level of functionality can draw the interest of developers and pique traders’ interest, meaning the crypto can attract further investment and adoption.
In contrast to highly functional projects, new cryptocurrencies may be just trying to raise money for what amounts to lottery tickets, and they may have little to no functionality at all.
Because sentiment is so important in cryptocurrency, it’s important that you stay plugged in to what experts in the crypto world think about existing and emerging cryptocurrencies. Follow experts on social media, in Discord and other chat rooms and see what they’re saying.
It’s useful if you follow well-known authorities in the crypto world — those with a reputation to protect — but it’s all too easy for a knowledgeable scammer to pose as an expert.
Whether you’re investing in stocks or crypto, one of the best strategies is to find proven leaders who are looking to repeat their success with their next venture. Look for well-regarded crypto investors or pillars of the crypto community who are beyond reproach and have a good track record.
If you’re interested in a very early-stage crypto project, knowing the leadership is one of the best data points to have, because you won’t have price appreciation and other proofs to guide you.
Finding the next great cryptocurrency can take a lot of work, but it’s important to put in this work so that you understand the opportunities in a given coin. By becoming more knowledgeable about the crypto world, you’re more likely to know where the real hidden gems lie.
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy.
What is DeFi? A beginner’s guide to decentralized finance
What are altcoins? A guide to the cryptocurrencies beyond Bitcoin
Cryptocurrency statistics 2024: Investing in crypto
5  tips for researching and analyzing a cryptocurrency
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access
BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access
© 2025 Bankrate, LLC. A Red Ventures company. All Rights Reserved.

source

Leave a Reply

This will close in 0 seconds