How Smart Traders Use KyberSwap Discover to Spot Tokens Before They Trend

2022-6-18 19:02

In March 2022, KyperSwap introduced a new feature on its platform to make life easier for cryptocurrency traders worldwide. Dubbed Discover, KyberSwap’s new feature enables traders to view and track tokens that are trending or will likely start trending soon.

This quick overview highlights how this new feature comes off as a welcome addition to the platform as it strives to become a one-stop solution for traders in DeFi.

Just in case you are not familiar with KyberSwap yet, check out this detailed review by BeInCrypto to get yourself up to speed.

KyberSwap Discover is designed to keep you ahead of the curve

You may already know KyperSwap as one of the most popular DEX aggregators that allow users to monitor trending assets and trade. This new feature further adds to those capabilities by bringing the most up-to-date data and well-researched forecast on dozens of tokens across chains.

It pays off to spot trending tokens

As we know, if you learn about a promising token early on and invest in it before its rise, you will likely earn hefty returns from it over time.

Hearing about a few tokens and doing research on popular ones are fair enough, but how do you spot altcoins early? Especially considering that there are tens of thousands of tokens out there, with new ones being added every day? 

It’s not humanly possible to conduct due diligence on all. That’s where the Discover Feature comes into play to help a user on their journey.

KyberSwap Discover is accessible via the main menu on the KyperSwap website. As you enter the Discover section, you will see that the feature is split into two tabs: Trending Soon and Trending.

The names of the tabs are pretty self-explanatory as the Trending tab displays tokens based on current trending data collected from top crypto market aggregators such as CoinGecko and CoinMarketCap. 

Similarly, Trending Soon displays tokens that are not currently trending but will likely start trending in the near future. This forecast is produced by KyberSwap’s homegrown trend detection algorithm that comprehensively analyzes massive volumes of data including trading volume, price, market cap, and other on-chain data.

Trending Soon provides traders with the opportunity to get in on tokens early on before they go mainstream. As of press time, Kyberswap is the only DEX to offer such a feature. In fact, it might very well be the first platform in the world to offer a predictive tool for such a large number of DeFi tokens (20,000+ tokens, to be more specific). 

Overall, it is a pretty simple and utility-focused tool designed to add more meat to your DeFi trading inventory. The animation below presents a quick demonstration of how to use KyberSwap Discover.

Follow KyberSwap on social media for regular news and updates: 

Discord | Twitter | Blog | Facebook | Reddit

The post How Smart Traders Use KyberSwap Discover to Spot Tokens Before They Trend appeared first on BeInCrypto.

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