Alphas, also known as "gems," are projects or tokens with the potential to yield significant returns, potentially even enough to retire from a single trade. The goal of this guide is to help you start finding alphas on your own, understand the dynamics of this space, and reduce your dependency on others. Being early is key to finding alphas, so let's dive in.
Tools to Find Alphas
To find alphas, you can use four main tools:
Twitter/X: This is the primary tool for discovering alphas. You can research tokens, keep up with the current market trends, join crypto communities, and more.
Telegram: Use Telegram to join alpha groups, expand your network, and collaborate with others to uncover new opportunities.
PumpFun: To effectively use PumpFun and grasp its mechanisms, check out my in-depth guide. 👉 Read the PumpFun Guide Here for a step-by-step tutorial. Additionally, I recommend reviewing the BullX guide since PumpFun is directly integrated into the BullX bot. 👉 Learn How to Use BullX Here for more details.
Wallet Tracking / Copytrading: For wallet tracking, 👉 Read My Guide on Wallet Tracking Here to understand the process better. For copytrading, you can use Trojan, a Telegram bot. Use my referral link to get started: 👉 Join Trojan with My Referral Link for exclusive benefits.
While there are other tools available, these four are the most widely used and effective for finding alphas.
Using Twitter to Find Alphas
To maximize your alpha-hunting potential on Twitter, you need a curated timeline (TL) focused on crypto. Aim to tailor Twitter's algorithm to display crypto-related content. If this isn't possible with your current account, consider creating a new one and following reputable "callers."
How to Find Good Callers on Twitter:
Visit this Dexscreener page: Dexscreener Solana. (Filters are already set)
Search for the tickers on Twitter to see who mentioned them first. For example, search for "$SCF" in the search bar. Use the advanced search options to refine your results by filtering with the ticker and setting the timeframe from the launch date to "until." For even better precision, use the same method on PumpFun, as most Solana tokens migrate from there.
Identify accounts discussing the token. Look for accounts that are not influencers, as they tend to promote a lot of low-quality tokens. Instead, focus on "insider" accounts that seem less visible or don't post frequently. Think strategically—if someone has early information they don't want widely known, they'll likely keep a low profile. These are the accounts you want to follow.
Twitter is also useful for finding alpha groups and specific Telegram groups dedicated to alpha discovery.
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Using BullX to Find Alphas
With BullX and its PumpVision feature, you can quickly find alphas if you apply the right filters. Here’s what I use to discover hidden gems:
Key Stats to Focus On
When evaluating potential alphas, pay attention to these critical stats:
- 👤 Top 10 Holders: If more than 25% of the tokens are held by the top 10 holders, consider it a red flag.
- 👨🍳 Dev Holding: Less than 5% held by the dev is acceptable; too little or too much can be suspicious.
- 🧥 Insiders Holding: If this isn't in the green zone, it's usually a bad sign.
Conclusion
Finding alphas can be a lucrative endeavor if approached correctly. By leveraging the right tools and strategies, you can increase your chances of discovering the next big crypto gem.
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