Newbie Crypto Moonshots — finding the next Dogecoin

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Our thirst for moonshots has led us to explore every conceivable orifice in the crypto universe. One such orifice we have been investigating is the list of newly listed projects on the two main price tracking websites, CoinGecko and Coin Market Cap.

We had high hopes when we embarked on this journey but we were quickly disappointed. Unless you have the standards of a pubescent nymph there are slim pickings from this promising source.

The vast majority of new cryptos are metoo projects, including an abundance of memecoins, DeFi projects including numerous yield farmers and projects with no actual use cases whatsoever. Yes the standards have deteriorated to the point where you would need the patience of a Siberian tiger to sift through hundreds of coins to find a few hidden gems. And that is precisely what we did for a few solid days.

A couple of hundred cryptocurrencies quickly became 50 and those are the best of a bad bunch. From these we would suggest there are only a handful which are worth serious consideration. That small…