There are many chains in the crypto world but Ethereum is the second largest and encompasses a huge ecosystem. You can find many gems that are still undiscoverable in the Ethereum chain. Are you interested in making money in the Ethereum chain? This article is designed to provide the essential information to use the Defi Llama tool and make money.
Step 1:
DeFi Llama is one of the best tool tools for spotting trends and identifying promising projects in the Ethereum world. If you become a master of this tool you can easily find the next 100x coin for your investment.
The first step starts with the understanding of what the market wants or is looking for. What you want to do is to search where the liquidity flows. This is the simple strategy to spot early trends for valuable projects.
1. Always choose those chains that are bigger because they are more safe.
2. Only look for those chains that achieve the highest liquidity.
3. In the above picture you can find that Manta gaining more liquidity compared to other chains.
Step 2:
In the above picture, you can find that two protocols have significant changes, both showing growth in liquidity.
Step 3:
In this step, you need to learn the basics of selecting the project. For example, project description, TVL, token composition, social media, token address, etc., all of them give you the relevant information. The key information in these features is to find any indications of projects that appeal to a large group of people.
Step 4:
It’s time to find the USD inflows, this is the main indicator that a lot of money is coming.
Finally, this is the easiest method to spot overall market trends. This will also ensure you can invest in the most valuable projects.
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