In light of the growing popularity of digital currencies and their increasing role in various areas of life, it is important not only to know what they are but also to stay informed about the most important and latest news in this field.
One aspect that gives some investors a competitive edge over others is information about the emergence of new promising projects in the cryptocurrency sphere. There are several ways to learn about the release of new currencies, which we will discuss in this article. We will also cover how new coins appear and why it is important to stay informed on this topic.
To learn more about other aspects of the launch and functioning of digital currencies, as well as their history and development, and how to evaluate the investment potential of a currency, you can refer to the article "New cryptocurrencies."
How cryptocurrencies come into existence
Cryptocurrencies are assets that have no physical form; they exist only in digital form. This means that they cannot be touched, held, or put in a wallet, but they can be used for transactions, sent to others, and used for other functions.
At the core of all digital currencies is blockchain technology. All data is encrypted in a special way using cryptography and added to special blocks, which are then connected in a chain. All transactions are verified by miners or validators before being recorded in the chain.
Since the advent of the first blockchain and the first cryptocurrency, all subsequent attempts have been aimed at improving this technology and adding new features. In particular, increasing the network's scalability, meaning the number of transactions per second, without losing decentralization and reliability.
In the 15 years since the advent of Bitcoin, thousands of new cryptocurrency projects have emerged. Some have existed and successfully operated for years, while others disappear as quickly as they appear. But is it difficult to create a new cryptocurrency? Let's try to figure out.
The first thing to decide is whether you will create a coin or a token. Creating a coin is more complicated because it requires its own blockchain, while tokens are developed based on existing chains. Therefore, creating a coin is a more technically complex process that requires a great deal of knowledge and experience.
As for a token, its creator does not need to have a lot of technical skills, and the entire process can take just a few minutes. On well-known modern blockchains like Ethereum or Solana, there are all the necessary tools and templates for creating tokens.
Another important question to consider is the project's purpose, use cases for the currency, and tokenomics, i.e., the distribution of coins. Currently, blockchain technology can be used in various fields, resulting in projects with social, educational, and other focuses.
When a project has specific goals and tasks that it can solve, it has a better chance of attracting potential investors. In this case, the currency serves a functional role: for example, it can be used to pay fees or reward users.
Why track new coin launches?
Since it is not particularly difficult to release your own cryptocurrency, many users take advantage of this to achieve various goals. For example, public figures attract even more attention to themselves and their work this way; their name is already a brand, and their fans are eager to buy their coins.
Another interesting category of currencies includes meme coins, which are created based on funny images from the Internet, called memes. Their release has no specific purpose and they are created just for fun. Nevertheless, some of these currencies manage to make it to the top of cryptocurrency rankings.
The launch of a new currency is accompanied by attention in social networks, specialized websites, and forums. However, many users try to acquire it even before its official launch. Why does this happen and why invest in new cryptocurrencies?
The main reason is that new coins have enormous upside potential. When they first hit the market, they can be worth mere pennies, and later show multiple gains of hundreds or even thousands of percent. Therefore, entering such a project at the presale stage can yield a substantial income.
However, investing in new, unknown projects, despite their attractiveness, is also very risky. Often, scammers pretend to offer investment in a new coin, but in reality, they just want to take users' money. Such non-existent cryptocurrency projects are called scams.
Even if the coin is actually launched and it is not a fraudulent scheme, it does not necessarily mean that it will be successful. The value of any cryptocurrency is based solely on the trust users have in it and its creators. Therefore, if the coin fails to gain recognition, it may simply disappear. Next, we will discuss how cryptocurrencies gain acceptance.
How cryptocurrencies gain acceptance
As mentioned above, digital currencies are not backed by anything and have no physical form. Fiat money differs from digital currencies in that it has a physical form, is issued in the form of banknotes or coins, and is traditionally backed by gold reserves.
Recently, however, the situation has begun to change, and one of the main criteria for the value of any currency has become its prevalence, i.e., the size of the community that uses and believes in it. In this respect, cryptocurrencies and fiat money are no different, as the popularity of crypto is based solely on people's trust in it.
This is why developers put an incredible amount of effort, time, and resources into building a loyal and strong community when launching new coins. To do this, they offer holders of the project's currency various "perks" to attract users and make them buy these coins.
We have already seen that creating a new token is not that difficult. It is much more challenging to promote it as well as attract users who will believe in and support the project. To this end, some utility tokens include governance features that allow direct participation in the project's development.
The most reliable and well-known platforms for trading digital currencies today are exchanges. Therefore, they play a decisive role in the recognition of a cryptocurrency. The number of exchanges on which a particular coin is traded determines its success and demand.
Why is this so? Firstly, listing on an exchange attracts more investors who can later become active community members or coin holders. Secondly, the liquidity of such a crypto asset increases because it becomes easier to sell or buy through exchanges.
Where to track new cryptocurrencies
So, we have already learned how new coins are created, how they become popular, and what profits they can bring. Now it is time to find out where to follow the emergence of new cryptocurrencies. There are several ways to do this:
- Specialized websites and aggregators. They collect and publish data about new currencies, their technologies, teams, and other parameters. Examples of such websites include CoinMarketCap, Coingecko, Cryptorank, Messari, and others.
- Social media and forums. The cryptocurrency community is always actively discussing new projects and the release of new coins. Therefore, you can learn about the emergence of new currencies by participating in specialized groups on social media or discussions on forums.
- ICO and IEO trackers. Platforms where initial coin offerings (ICOs) take place often provide information about new coins. These websites allow you to set filters to search for coins based on specific parameters.
- Cryptocurrency exchanges. They announce the addition of new currencies to their listings. Therefore, you can also find out about the launch of new digital currencies through exchanges.
Notably, from the time a coin appears on the lists of aggregators or other websites, it can take several months to several years for sales to begin. This means that you can add them to your watchlist to track information and events, but you cannot do anything else with them in the meantime.
Thanks to cryptocurrency websites and social media, you can study the main documents, goals, and objectives of a project before it enters the market, obtain information about the developers and the currency itself, and assess its market prospects. This way, you can analyze and select the most promising projects for investment.
How aggregators work
Aggregators are among the most well-known and sought-after sources of information about cryptocurrencies in general, including the release of new coins. Therefore, when entering the query "where to track new cryptocurrencies," search engines first display various websites that fall into this category.
These websites provide access to data on various digital currencies, their current value, market capitalization, trading volumes, and other details. This information is updated daily, so you have the most current data available.
In addition, these websites compile rankings of digital currencies based on various indicators, the key of which is market capitalization. This indicator is calculated as the value of one coin multiplied by the total number of coins issued.
Despite its popularity, this indicator is considered relative, as not all coins are in circulation and cannot participate in trading operations. For example, developers may leave a portion of the coins in their own accounts, and they never enter the market.
CoinMarketCap is one of the most popular aggregators with over 180 million visitors per month. Major media outlets refer to this resource, and many investors and experts in the cryptocurrency field use its data. The list includes almost all existing currencies, including new ones.
CoinGecko is another popular resource, visited by over 100 million users per month. In addition to general information about currencies, this website includes analytical tools and allows users to calculate potential returns from investing in a particular asset.
How to search for information on social media platforms
The next method to use when answering the question of where to track new cryptocurrencies is social media. Every reputable crypto project has accounts on several social networks where the most important and up-to-date news and events are published.
Even before a cryptocurrency hits the market, its developers create accounts for the new currency on the most popular social networks in the field: X (formerly Twitter), Discord, and Telegram. This is the easiest way to announce the emergence of a new currency to a large number of people and spread information about it.
The most popular network among traders and investors is Twitter, as it is public and many well-known players in the financial world actively maintain their accounts there. By simply following their accounts and those of interesting crypto projects, you can stay up to date with all the news.
Another source of information about crypto is specialized forums, where users also share information and their opinions on various events in the field. The most well-known platforms with thematic threads are Reddit and 4chan.
To get the latest information and find the most promising crypto projects, users need to create the right information environment on social networks. This involves following or adding to your watchlist the accounts of all key public and non-public figures in the crypto industry (project founders, fund employees, and other insiders).
Another important point to consider is the increased risks. Information on social media can be unreliable, as anyone with no connection to the cryptocurrency sphere can create an account and promote their supposed new project to attract funding.
What are ICOs and IEOs?
When launching a new project in the field of digital currency, you can use one of the following ways to initially raise funds: IEO, IDO, and ICO. There are special tracker websites where it is quite easy to follow new cryptocurrencies entering the market. However, let's take it step by step.
So, what are IEOs, IDOs, and ICOs?
- ICO is an initial coin offering used to attract investments.
- IEO is an initial exchange offering, where coins are sold on an exchange.
- IDO is an initial decentralized offering on decentralized exchanges.
Let's look at the main similarities and differences in the table below:
| Parameter | ICO | IDO | IEO |
| Exchange sale | No | Yes, on centralized exchange | Yes, on decentralized exchange |
| Who conducts fundraising | Project developers | Centralized exchange | Decentralized exchange |
| Listing | Occurs after ICO | Automatic listing on exchange (CEX) | Automatic listing on exchange (DEX) |
| Coin liquidity | Low | High | High |
| Security | Low (possible scam) | High | Medium |
Now that we have figured out the basic concepts, let's discuss what ICO and IDO trackers are. These are online platforms where visitors can get information about current or upcoming crowdsales. The minimum set of data included on such resources is the logo, name, and ICO start date.
In addition, these websites provide information about the platform for launching coins, the planned investment amount, and the amount of funds already raised. Each project must provide links to its website, white paper, social media accounts, and messenger channels for placement.
Trackers can be free or paid, with placements on the latter costing between $200 and $1,000. Furthermore, some websites offer premium placement services at the top of the list. Examples of well-known ICO trackers include CoinSchedule, ICOrating, ALLCOIN, and others.
Listing on exchanges
Another popular way to track new cryptocurrencies is through information from cryptocurrency exchanges. We already touched on this topic indirectly in the previous section. Listing on exchanges is another method to attract investment in cryptocurrency projects.
Listing crypto assets on an exchange always affects their value. If a currency has already proven itself, its popularity increases even more when it gets listed on an exchange. The coin starts to be purchased en masse, which leads to a price surge.
Note, however, that if the listing occurs immediately after the ICO, those who invested in the project during the initial offering phase may want to lock in their profits. This can lead to a major sell-off in the market, causing a short-term drop in the value of a coin.
It is easiest to list digital currencies on decentralized exchanges (DEX) because they do not require verification and it is relatively simple to create a liquidity pool with the project's own token. These exchanges do not have centralized management, order books, market makers, or servers.
The main drawback of DEXs is that they cannot exchange crypto assets from different blockchains. The two most popular decentralized exchanges are Uniswap and PancakeSwap. They operate on different blockchains, so the tokens have different standards.
Uniswap operates on the Ethereum blockchain and supports ERC-20 standard tokens.
PancakeSwap operates on the Binance Smart Chain and supports BEP-20 standard coins.
The most well-known centralized exchanges where crypto trading takes place are Bybit, Kucoin, Bitget, and OKX.
Generally, before crypto asset trading begins on an exchange, there is a period called the pre-market. This is the time when traders and investors can place orders to buy or sell assets. Based on these orders, the initial price of the coin is formed at the beginning of the trading session.
The pre-market in the cryptocurrency sphere is a trading platform for acquiring new tokens before their official launch, as well as for obtaining points that can be exchanged for coins in the future. After placing desired orders and agreeing on deals, the Token Generation Event (TGE) occurs, when the tokens are issued and distributed.
Conclusion
In this article, we discussed the main ways to find out where to track new cryptocurrencies. Having this information is important because new currencies appear almost every day, and in all this diversity, investors need to identify the most promising projects at their inception stage.
Thus, there are several ways to learn about the emergence of new coins:
- Social media: All modern crypto projects create accounts for their currencies on the most popular social networks among financiers and post the most current information there. Users can be the first to know about interesting projects by following insiders in the field.
- Aggregators: These websites contain all the necessary information about currently existing cryptocurrencies, including new ones. Such resources provide basic information about the coin: the development team, technologies, and other parameters, and publish the release dates of new currencies.
- Special trackers: They track the initial offering of new currencies, including on centralized and decentralized exchanges. Using these resources, you can find information about the name, logo, and release date of a currency, as well as planned fundraising and capital already raised.
- Cryptocurrency exchanges: Exchanges provide information about new currencies and also have a presale function. The essence of presale is that users can place orders even before the currency is released, and this process determines the initial price of an asset.
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