Newly listed cryptos with moonshot potential - A monthly review of new crypto listings

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Every so often we get to the point where we feel like we have run out of good investment ideas. I suppose it is the equivalent of writer's block. As with writer's block or any other creative brick wall it is always solved by some good old lateral thinking. And so it was last week as we fumbled around for our next source of moonshots.

And what was this new source of moonshots? It may sound obvious, but we decided to scour all the recent crypto listings, something we had done once before back in May with some limited success.

We restricted our search to crypto listings within the last 30 days. That number totaled around 500. Of that number we extracted 9 projects that looked interesting and from that, 3 that we are particularly excited about.

We are also excited by the fact that this is a valuable source of future moonshots despite the hard work to find only 3 gems in a mountain of crap.

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Our findings

The reality is the vast majority of new listings are total crap. The memecoin phenomenon has died down a little since we last reviewed new listings back in May. Back then the majority of listings consisted of memecoin after memecoin. However memecoins aren’t going anywhere, not yet anyway. They still represent around 30% of new listings. The memecoin phenomenon has been replaced by the blockchain gaming craze with over 40% of new listings in the play to earn gaming space, an area that is fast becoming saturated. The third significant area of new listings were yield farming platforms, another massively over saturated space.

A monthly source

Whilst it was a lot of work to come up with only 9 potential moonshots from 500 projects and only 3 gems it was a worthwhile exercise which you may be pleased to know we will be repeating every month.

Possible moonshots

Below are our favorite newly listed projects for the last 30 days.

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The gems

Below are the projects we are most excited about and we believe have the greatest potential for above average growth.

Don’t KYC (DKYC) - Don't KYC price, DKYC chart, market cap, and info | CoinGecko

DKYC claims to be driving mass crypto adoption introducing the first and only completely anonymous Visa and MasterCard built for decentralized finance.

That one sentence is significant and makes this project worth serious consideration. You don’t need to look very far to see that there would be massive demand for an anonymous debit card. Look at the privacy coin market, a new privacy coin pops up every few weeks all catering for a demand that is expected to continue to grow exponentially. The main concern of any privacy coin is, how do you turn the tokens into cash? Fewer exchanges trade privacy coins and with regulation looming this isn't going to change anytime soon.

DKYC could be a blockbuster companion to any privacy coin. The major risk is DKYC being kicked off the card network. DKYC is looking to introduce its physical card between quarter 4 and quarter 2 of next year. With a fully diluted valuation of $1.6 million this is a project worth serious consideration as long as you understand the high risk inherent in this investment.

Score Token (SCO) - Score Token price, SCO chart, market cap, and info | CoinGecko

UFFS is a fantasy sports platform, built on blockchain technology, that introduces true in-game ownership of franchises, players, player contracts and prospects as NFTs. Unique to UFFS, their users own their franchise and their players indefinitely, unless they wish to sell or trade. This concept is made possible by the indisputable nature of blockchain’s ledger and smart contract protocols. UFFS is made possible and exceptional by: confirming ownership, providing secure transactions, and ensuring that no asset can be duplicated.

The play to earn game market is set to explode and every man and his dog is getting in on the act building various platforms, some of them interesting, some of them gaining quick adoption and some of them total crap. Score looks to be one of the good ones. It is easy to understand its attractiveness even to a non gamer.

UFFS strives to mirror real world professional leagues as closely as possible. Each player is represented by a unique NFT which can be traded. The concept is being applied to basketball and football with the potential to expand into soccer and other sports. It’s a neat concept whose success depends on execution however with a fully diluted market cap of only $15 million this project is one to investigate further.

Identity (IDTT) - Identity price, IDTT chart, market cap, and info | CoinGecko

In the current KYC landscape, users need to go through numerous KYC attempts every time they want to use a product. The process is needlessly painful. This is where Identity differs.

With Identity, platforms and products don't need to go through laborious KYC attempts. Instead, they can off-shift costs to users and attain effortless KYC integration processes within minutes.

We know a little about digital identity as it was the focus of our Moonshot Monday podcast last week. Selfkey is one of the leaders in this market with a market cap of nearly $50 million, that compares with Identity’s fully diluted market cap of $6.8 million. Identity is one to add to your watch list. It is scheduled to launch its platform in quarter 1 of 2022. The demand for KYC solutions is set for explosive growth particularly when you consider none of the DeFi platforms require KYC right now. That is set to change. The question is who are going to emerge as the leaders in this market.

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Summary

It must be remembered that new listings whilst an excellent source of new ideas is also a high risk area. The vast majority of projects are only ideas with no platform in existence, not alone users. By investing you are putting faith in the development team not only launching its platform but also gaining adoption. In reality the odds are stacked against you. That is why it is important that you are highly selective, you only invest what you can afford to lose and for additional safety, spread this money among a portfolio of projects.

We will see you next month!

This article does not constitute financial advice or a recommendation to buy in any way. Always do your own research and never invest more than you can afford to lose. Investing in cryptocurrencies is high risk, and you could lose 100% of your investment.