How to Find the Next 100x Coin Using Dexscreener
Many people have been making crazy money from DeFi just by finding tokens early. It's not rocket science. You can do it too.
Are you seeking the next big crypto gem? Learn how to use Dexscreener to find potential 100x coins.
🧵
Many people have been making crazy money from DeFi just by finding tokens early. It's not rocket science. You can do it too.
Are you seeking the next big crypto gem? Learn how to use Dexscreener to find potential 100x coins.
🧵
This thread will cover:
⚡What is Dexscreener
⚡Dexscreener interface explained
⚡How to find the next 100x coins
⚡ Risks involved
⚡What is Dexscreener
⚡Dexscreener interface explained
⚡How to find the next 100x coins
⚡ Risks involved
⚡ What is @dexscreener?
Dexscreener is an analytical tool for decentralized exchanges (DEXs) that gathers information on activities taking place on various DEXs across multiple blockchains.
Dexscreener is an analytical tool for decentralized exchanges (DEXs) that gathers information on activities taking place on various DEXs across multiple blockchains.
It offers consolidated data, including market cap, liquidity, transaction volumes, security checks, and more, for all token pairs traded on these DEXs.
Aside from helping traders find the next moon shot coins, Dex screener also provides them with advanced charting tools for TA.
Aside from helping traders find the next moon shot coins, Dex screener also provides them with advanced charting tools for TA.
⚡Explaining the Dex Screener Interface
To access @dexscreener, you can choose to use the app or the web version. Log in by connecting either your decentralized wallet or Google account.
On the left-hand side of the screen, you would find the following menu:
To access @dexscreener, you can choose to use the app or the web version. Log in by connecting either your decentralized wallet or Google account.
On the left-hand side of the screen, you would find the following menu:
1. Search: This helps you quickly find specific tokens and all the pairs associated with them. You can search for a token using the name or contract address.
2. Watchlist: This helps you keep track of tokens that you're interested in.
2. Watchlist: This helps you keep track of tokens that you're interested in.
3. Alerts: You can set price alerts for different tokens and get notified when they hit. This menu helps you view all your alerts at a glance.
4. Multicharts: You can monitor up to 16 different trading pair charts at a glance using this section.
4. Multicharts: You can monitor up to 16 different trading pair charts at a glance using this section.
5. New Pair: This is where you find all the new pairs. You can filter this by networks or your DEXes of interest.
It displays information like age, number of sells and buys, trading volume, market cap, liquidity, FDV and more.
It displays information like age, number of sells and buys, trading volume, market cap, liquidity, FDV and more.
6. Gainers and losers: Provides you with the top gainers and losers using their 24-hour volume and transactions.
7. Trends: You’ll find trending trading pairs and exchanges you can find them.
Below this, you will find a list of different Blockchain networks you can explore.
7. Trends: You’ll find trending trading pairs and exchanges you can find them.
Below this, you will find a list of different Blockchain networks you can explore.
⚡ How to find the next 100x coins using Dex Screener
1. Create a filter and set your parameters.
Select the networks you're interested in, set your liquidity and FDV. Both can range from between $3000 - $1000.
Set the pair age and the 24H transaction range.
1. Create a filter and set your parameters.
Select the networks you're interested in, set your liquidity and FDV. Both can range from between $3000 - $1000.
Set the pair age and the 24H transaction range.
2. Check charts
Once you click on a pair, you can view the charts.
These charts help you gain a more in-depth knowledge of whether the coin is in an uptrend or is it going through a downward trend. This can influence your trading decision.
Once you click on a pair, you can view the charts.
These charts help you gain a more in-depth knowledge of whether the coin is in an uptrend or is it going through a downward trend. This can influence your trading decision.
3. Conduct security checks.
Once you've applied your parameters, you'll have a customized trading view.
Select a trading pair that piques your interest.
On the right-hand side of your Scroll down to the “Go + security” and check if there are any security concerns.
Once you've applied your parameters, you'll have a customized trading view.
Select a trading pair that piques your interest.
On the right-hand side of your Scroll down to the “Go + security” and check if there are any security concerns.
Once it's confirmed that the coin isn't a honeypot and has a higher score on Token Sniffer, and you're okay taking the risk, you can go ahead to trade it.
You'll find the “trade on Uniswap” or any other exchange it's available on the right hand side too.
You'll find the “trade on Uniswap” or any other exchange it's available on the right hand side too.
⚡Risks involved in trading the next 100x coins.
We all know that the crypto space is very volatile and nothing is 100% guaranteed.
One thing that you need to know is that these databases can also have many fake listings.
We all know that the crypto space is very volatile and nothing is 100% guaranteed.
One thing that you need to know is that these databases can also have many fake listings.
Such fake coins are usually used as a vehicle to propagate pump-and-dump schemes and make money off of users.
There's the risk of false listings, honeypot schemes and rug pulls. This is why adequate research must always be carried out.
There's the risk of false listings, honeypot schemes and rug pulls. This is why adequate research must always be carried out.
⚡Conclusion
Finding the next big coin requires careful research, risk management, and an understanding of the crypto market.
Dexscreener can be a valuable tool but it should be used in conjunction with other sources of information to make well-informed investment decisions.
Finding the next big coin requires careful research, risk management, and an understanding of the crypto market.
Dexscreener can be a valuable tool but it should be used in conjunction with other sources of information to make well-informed investment decisions.
If this thread was helpful to you, Retweet the tweet below and tag 3 of your friend to learn something too.
WAGMI❤️
WAGMI❤️
Loading suggestions...