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Have you ever wanted to be able to see what crypto trends are about to emerge before everyone else? So check out KyberSwap’s Trending Soon feature for assistance. Read on to learn more!
Find Out What Tokens Might Be Trending Soon
KyberSwap is a leading multi-chain Decentralized Exchange (DEX) aggregator and one of the best places to trade and earn the most excellent rates in DeFi. As of March 2022, KyberSwap was the #7 DEX in terms of TVL growth and facilitated over US$8B of the trading volume. One of the things that make KyberSwap superior to over DEXs is its exclusive technology. It utilizes TrueSight technology which analyses on-chain data, trading volumes and price trendlines to discover tokens that could be trending in the near future.
Investments are about managing risks and maximising returns. It is essential to get in early on the trends in crypto to build up a good portfolio with higher chances of gains. For those ready to dive head first into the crypto world or already in the crypto market and looking to diversify their portfolio, KyberSwap has launched the powerful new feature. Check it out here.
Spotting Tokens Before They Trend 101
The investors who had the foresight to get into bitcoin early, hold on to their cryptocurrency and sell when it took off are extremely wealthy right now. In the wake of bitcoin and other cryptocurrencies exploding price-wise, people look towards the next digital currency to get rich. However, the question is how does one go about doing that? Especially if the investor is new in the world of crypto and doesn’t have a clue where to start from.
Choosing the wrong tokens is risky because there is a chance you will lose everything if the project crashes, as recent events have shown in the case of LUNA. If you don’t take a risk and stick to blue chips that are performing well, like BTC or ETH, it can be argued that there is a chance this is a safe investment, and it will increase in value – give a good ROI. For example, if BTC is $30,000 today, it can increase and reach 50k next year.
There are tens of thousands of tokens in DeFi, but the issue is, how can an investor do due diligence on 20,000+ tokens to try and find the hidden gems early that will reap them good returns? And this is where KyberSwap comes in. KyberSwap helps investors shortlist using automation – using onchain data, trading volumes, and price trends, KyberSwap’s Trending Soon tool scans through ALL tokens on 11 chains to filter the top 50.
A word of caution, as an advisory, the tool is only to supplement and assist users, investors should do their research to identify different projects they are interested in. As part of due diligence, research by going to the project’s website to look at their team, roadmap and whitepaper, and any announcements related to the projects of interest. Complimentary tools like KyberSwap’s Pro Trading Tools and LunarCrash can be used to do a technical analysis to see whether the token(s) are getting a lot of attention online; this will help the potential investors to make an informed decision regarding their investments.
After an investor has chosen their cryptocurrency, they can buy it on KyberSwap! Fans of Ethereum, BNB, AVAX, Polygon, Cronos, Fantom and more can buy their desired tokens at the best rates available.
How to Use KyberSwap’s Trending Soon Feature
KyberSwap is the only DEX aggregator that allows users to check trends and trade efficiently and conveniently, all within one platform, so users do not have to go elsewhere. Instead, the team has launched this new feature for traders to check out trending tokens on the KyberSwap ‘Discover’ page. The page is split into two tabs, allowing KyberSwap users to view what tokens are Trending and Trending Soon – breaking into the market with high potential.
Tokens displayed under the Trending tab are based on current trending data gleaned from top data aggregators. Tokens displayed under Trending Soon are detected based on KyberSwap’s trend detection algorithm, using trading volume, price, market cap, and other on-chain data. These tokens may not be trending now but could be trending soon.
Check out Trending Soon and trade efficiently, all without leaving KyberSwap!
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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