When Bitcoin was first created, it was the only cryptocurrency to exist at that particular time. No one knew then what value it would eventually hold in the future.
Today, things are very different for BTC. Still, because of it and other top altcoins with more longevity, it has become nearly as challenging to discover information about new or trending tokens. And due to the sheer size of the crypto market today, filtering out the noise is equally tricky.
Enter CoinLeet, an innovative new take on cryptocurrency market pricing and ranking services, with a social-inspired, cryptocurrency discovery twist. Here’s why it’s newly launched platform and website has the potential to revolutionize the crypto market and will make it super easy to find the next breakout altcoin superstar.
The Challenging Search For The Next Bitcoin Or Breakout Altcoin
In 2017, when Bitcoin price topped $20,000, investors thronged the crypto market buying anything they could, in search of the next Bitcoin. They eventually learned the hard way, that there is no substitute. But there are several gems from those years that remain strong today.
Ethereum is at the forefront of DeFi, and the parent company behind XRP, Ripple, continues to foster the adoption of its cross-border payment protocol. But because the last crypto cycle resulted in so many new crypto coins, it is truly akin to finding a needle in a haystack to get in on trending projects early enough.
Take Chainlink, for example. The altcoin grew over 1,000% in 2020 alone before peaking. Because it had risen from such low ranks on traditional cryptocurrency and ranking platforms, finding Chainlink was like finding a diamond in the rough.
The Solution: CoinLeet’s Socially Driven Coin Ranking Algorithm
CoinLeet is the next evolution in cryptocurrency pricing and ranking websites. The tools are helpful for tracking the most recent price data for the top ten cryptocurrencies by market cap. Beyond Bitcoin and its closest kin, it is nearly impossible to find the next rising crypto market superstar, like Chainlink, and Ethereum and Bitcoin before it.
The platform’s proprietary algorithm monitors social feeds for chatter, looks at sudden spikes in trading volume, utilizes the unique data to aggregate the most popular or trending coins at the top of the list. And thus helps once again discover the hidden gems that do exist out there; that are just hard to find behind the buzz of Bitcoin and other more dominant coins.
How CoinLeet Stands Out And Helps Hidden Gem Altcoin Discovery
For example, the top cryptocurrency currently on CoinLeet post-launch is newcomer Uniswap. The DeFi swapping platform launched its own token earlier this year and airdropped them to the platform’s first users, generating an enormous buzz. That momentum has sustained, helping it stand out from the pack.
On competitor platforms that offer the standard rankings, it would require users to scroll down past 29 other different altcoins to find the hottest of the bunch.
With the newly launched CoinLeet, crypto discovery is a lot simpler, and the chances of finding the next successful token becomes a lot more likely when the best of the bunch are hoisted to the top of the list, long before the market cap catches up enough to show up on other lists.
To learn more and see CoinLeet’s innovative take on cryptocurrency coin rankings for yourself, visit the brand new website.
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