In Search of Digital 'El Dorado': How to Discover Cryptocurrencies Before Their Launch to Make a Profit

When talking about investment, many would like to go back to 2009 and mine Bitcoin, but since that is not possible, among the most realistic options to achieve profits is to make an early investment in cryptocurrencies. It is the new version of the search for'El Dorado', that mythical place full of gold, only in the digital world.The detail is that in a market with more than 29 thousand tokens and digital coins, it is not easy to achieve the goal. How to differentiate cryptocurrencies that are worth the investment, and how to find them before their launch?

Early Investment Options

Digital coins and tokens have three options to be acquired prior to their release to the market. The presale, the initial coin offering or innitial coin offering (ICO) or the initial DEX offering (IDO).

Presale occurs when the company creating the cryptocurrency allocates a limited number of tokens to be sold at a preferential value. It is also called private offering and takes place before the asset is released to the public. Usually, this presale occurs through the official website for a limited period.

The ICO works as a crowdfunding in which the developers of the cryptocurrency offer tokens to finance the project, almost always in its earliest stages. It is a win-win relationship, because the company raises capital, while investors acquire cryptocurrencies at a competitive price. The ICO can be done on the Ethereum blockchain, for example, or on an exchange.

Finally, the initial DEX offering or IDO, is an option to acquire cryptocurrencies through exchanges. It is necessary to have cryptocurrencies in the wallet in order to make transactions. It can be attractive to investors because of its immediate liquidity and trading and lower listing costs.

How to Discover Valuable Cryptocurrencies

Discovering cryptoassets with potential merits research. However, 31% of new cryptocurrency buyers are influenced by their friends, according to a study by the University of Chicago, and this translates into more impulse purchases. To avoid being part of the group that buys from ignorance, looking for information in accredited and specialized portals is one of the easiest ways to get cryptocurrencies in the initial phase.

The social networks are often another reference point to look for new cryptocurrencies, but the amount of unreliable information that abounds on them and the way they are used to destabilize markets can limit efforts to get really valuable tokens.

Why New Cryptocurrencies are Attractive

An example of a reliable next-generation cryptocurrency that is available for purchase prior to its ICO is Unicoin, which is backed in high-growth companies and a portfolio of properties. Unlike other cryptocurrencies, Unicoin is auditable, compliant with regulations and is not anonymous. It can be purchased through its official website and has a special scheme where investors can offer real estate to purchase cryptocurrencies, with the added value of being paid for real estate at 140% of its appraised value.

These are just a few of the possibilities that early digital currency buying offers for visionary investors looking to see what the next Bitcoin on the market will be. Investing in cryptocurrencies ahead of their launch can open doors to lucrative opportunities, but it also involves a thorough search and careful choice of projects. Staying informed and carefully evaluating opportunities will be essential for those looking to reach the coveted'El Dorado' of cryptoasset market returns.