Crack The Crypto Code From Clueless To Cashflow In Months

Hey, Welcome to Newsletter #6

The Formula for Newbie Success (This focuses on solving a problem and achieving a positive outcome)

Feeling lost in Crypto Chaos?

90% of newbies get crushed. But NOT YOU!

My 11 battle-tested formula turns you from NOOB to WINNER.

Get the step-by-step guide that took me from $200 to $10,000 in 1 month (You can do worse or better than me!

I am using my formula with a crypto token on Coin Gecko to get you involved today.

Unlock hidden gems and ditch the Ramen for good!

Scroll down and claim your Crypto fortune!

The UTOPIA Formula Begins In EFFECT!

Let’s get this started:

Step 1: Log in to Coin Gecko

• Login to CoinGecko or go on Coingecko.

• Explore "Categories" to identify top trends: AI, DeFi, DEXs, RWAs, Energy.

• Filter for low market cap tokens with 24-hour trading volume > 200K.

Can You understand it or not? Comment below.

Let me do a research for the token with Based AI for example!

Step 2: Social Media

Just checked out Based AI on CoinGecko ( on your left side of the screen). Doing research on Based AI Social Media I found:

• Low market cap is promising (found on Coinmarketcap), but the purpose is unclear 

• The team hasn't tweeted in a month (red flag!).

• While some projects use Telegram/Discord more, consistent Twitter presence is a good sign.

• If you cannot find the info on Coin Gecko then search other reputatable site like coinmarketcap.

  Moving on for now – transparency and active teams are key!

Step 3: Go to the Website

The Website seems confusing plus I cannot get information as from the team, audit or more info about the token.

Step 4: Look for the White Paper

• Strong Start: Based AI's whitepaper provides valuable information, solidifying our interest.

• Accessibility Gap: Technical language might pose a hurdle for some investors.

• Bridging the Gap: using easier language and becoming active on social media would be highly beneficial.

• Positive Outlook: The whitepaper fuels confidence in Based AI's legitimacy. Further exploration of simplified resources (if available) is recommended.

Step 5: Search The team

• Missing Team Info: No clear info on the team raises a major trust concern. Accountability is vital.

• Uncertain Purpose & Adoption: Difficulty understanding the token's purpose and its potential for mainstream adoption are red flags.

• Hold Off for Now: Transparency and a defined purpose are essential. We'll keep searching for projects with strong teams and clear applications.

Step 6: Tokenomics

Market cap, total supply, and Fully Diluted Valuation are all important factors to consider when evaluating a cryptocurrency's investment potential.

I do not like that Based AI does not have the market cap display on all crypto search sites. However, everything else looks good.

Here's a breakdown of why they matter:

• Market Cap (Market Capitalization): This tells you the total value of all outstanding tokens. In simpler terms, it's like the total worth of a company in the stock market. A lower market cap generally indicates the more opportunity to make significant money in the market.

• 24hr Trading Volume: This shows how much of a cryptocurrency is being traded in a 24-hour period. High trading volume (>$200K) suggests good liquidity, meaning you can easily buy and sell the cryptocurrency without significant price impact.

• All-Time High (ATH): This is the highest price the cryptocurrency has ever reached. It can indicate potential for future growth, but past performance doesn't guarantee future results.

  

  Do your research and prevent scams

• Token Supply: This is the total ncoinumber of tokens created or planned to be created. A lower circulating supply (tokens currently in the market) compared to the total supply can sometimes lead to a higher price per token, but it's not a guaranteed outcome.

• Total Value Locked (TVL): This metric is particularly important for DeFi (Decentralized Finance) tokens. It represents the total value of cryptocurrency locked in smart contracts for various purposes like lending, borrowing, and staking. A high TVL suggests the token's utility and potential within the DeFi ecosystem.

• Fully Diluted Valuation (FDV): Imagine all a coin's tokens in circulation. FDV = Current Price x Total Supply. This gives a theoretical market cap, but it's not guaranteed. More tokens could affect the price, and reaching full circulation might take a long time.

• Looking at these and making sure the market cap is not too low or the 24 hour trading volume will prevent you from scams.

Step 7: Look at the news-Limited News on BasedAI:

• Neutral: No major red flags, but...news is always good to noteably.

• Negative: Less public awareness and potential hype compared to projects with frequent news.

Step 8: Partnership

I cannot find any partnership relating to Basedai on the website or internet so it could be out there but hard to find which is not good.

Major Partnerships that determines how legit a crypto will be and solidify that you picked the correct crypto.

Step 9: Gather your information

BasedAI Investment Decision: Hold Off for Now

Here's why BasedAI isn't a slam dunk right now:

• Ask yourself: Is this a good token to invest? What are the benefits you like? What did you dislike about the token? Get the good and the bad!

• Limited Info: Lack of transparency on the team, roadmap, and social media raises red flags. We need more information to feel confident.

• Influencer Hype: While some crypto influencers are interested, this can sometimes be a sign of overhyped projects. You can find this out of this tool called: Root Data

Remember: Invest in projects you understand and trust.

The UTOPIA Formula prioritizes:

• Transparency: Strong teams with clear communication.

• Active Communities: Engaged communities foster understanding and trust.

• Solid Fundamentals: A well-defined purpose and innovative technology.

We'll keep searching! Let's find a project that ticks all the right boxes for a well-informed investment in the future.

Step 10: Where to buy (If you were interested)

Before You Buy always revised and think:

• Exercise Caution: This token raises concerns due to a freelancer-written whitepaper. Proceed with significant caution and conduct further research. Legitimacy remains unclear.

• Consider Trusted Exchanges: If you choose to proceed, prioritize exchanges with a high trust score (green) and strong 24-hour trading volume.

Disclaimer: The author will not be purchasing this token due to the aforementioned concerns.

Finding the Token:

(Optional) If you still wish to purchase this token, scroll down for a list of marketplaces on that token on coin gecko where it might be available.

Remember, proceed at your own risk.

Step 11: Double Check before you buy-Stay Updated on their social media and news

Option 1: Scam Check

1. Search online on Token Sniffer: Look up the token's contract address and see any red flags.

2. Check the website: A legitimate project will have a professional website with clear information about their goals,team, and token utility.

Option 2: Basic Research

1. Whitepaper Hunt: Look for a whitepaper, which explains the project's purpose and technology. If there's no whitepaper, that's a bad sign.

2. Team Check: See if there's a team page with real people and their backgrounds. Anonymous teams are a red flag. You need someone to hold accountable.

3. Check the crypto website and Social Media

Remember: Don't rely on a single source. Consistent research is key! Keep an eye on news and updates to stay informed about the token's progress.

CoinGecko is my go-to for crypto info, but I use other tools when needed. Staying informed with crypto news is also important.

Join my:

• X

• Instagram

• Youtube

• Quora ( Crypto Navigator Supporter Hub)

Thanks for reading.

Best,

Ney Mons

References:

• Coin Gecko (Based AI)

• Dex Screener (Based AI)

• Root Data

• Based AI X

• Based AI Website

This newsletter is here to inform, not to replace your financial advisor! I strive for accuracy, but cryptocurrency is a fast-paced world, and perfection is elusive. Don't worry, I will still bring you the highest quality information I can.

While I may mention specific projects or services, consider them conversation starters, not investment recommendations. Always do your own research before making any decisions with your hard-earned money. 

Finally,while there are no affiliate links or advertisements now, that might change down the road. I will always be transparent about it!