New Crypto Opportunities – Initial Screening

During my meeting with the guru on Monday, he mentioned to me a possible opportunity on the SmartChain network. After our call, I did check out the opportunity. While I was trying to “bridge” my crypto to the correct currency for that network, I was getting an error. I gave up, and asked the guru what to do. After adding the wallet, I am all set to create a test position on this network. Is there anything that deserves a test position?

As I have described before, the search begins on Krystal.

This is what Krystal will look like when you are on the screen to look for opportunities. As you can see in the image, “Hot Pools” is highlighted.
This is my first time looking for an opportunity on the SmartChain network. It worked out very well for this example because the search that follows provided a minimum of qualifying results.
After clicking on the “Advanced Filter” button, this window opens up. On both the TVL and Volume, it is suggested to input 200,000 on the blank labeled “From”. (If there are an abundance of results, you could change to 400,000 or even higher.) On both of the “TO” fields, click the circled button. It will populate the blank as illustrated. Then, click “Apply.”

The two images below are what the advanced filter provided. Once I have these results, I screen for two things:

  1. If the TVL column (first one starts with $245.4K) is greater than the 24h Volume column (it is $603.9K on top line), it is determined to be an undesirable opportunity.
  2. And, when the 7D APR column (top line it is 365.89%) is below 60%, we no longer consider it a valid opportunity.
Once I make it to the 14th opportunity, I am below 60% on the 7D APR. This leaves me 8 opportunities to consider further.

Within this post, I have completed the first two steps in my screening. The next step is finding which opportunities I will research further.

About Andy G

Semi-retired dad of 4 biological kids and many others kids. Eyes on eternity while enjoying the blessings this life has available.
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1 Response to New Crypto Opportunities – Initial Screening

  1. Pingback: How to Determine What Crypto Pair to Buy: A Step-by-Step Guide - Algorithmic Trading 4UAlgorithmic Trading 4U

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