Investing in an initial coin offering (ICO) offers the chance to potentially make huge gains quickly.

As you might already know, an ICO is a fundraising technique startups use to raise funds for their projects.

What’s interesting, however, is that during an ICO, investors can buy a coin at a discounted rate.

Most investors have followed this trail to find new altcoins to profit from insanely before they pump.

In this post, I will show you how to invest in ICO through CoinMarketCap.

Let’s dive in!

How to Use CoinMarketCap to Find ICO Opportunities 

CoinMarketCap is a popular website for sourcing cryptocurrency market data for over 8000 coins.

Awesomely, it lets investors participate in ICOs via its featured “ICO Calendar.”

ICO Calendar is a product on CoinMarketCap that aggregates upcoming ICOs along with their details and links to their official websites.

Ready to hunt for ICO coins? Follow the steps below:

i. Visit CoinMarketCap.com and select “Product” from the menu at the top center.

ii. From the list of options, select “ICO Calendar.”

iii. In the “Overview” section, the ongoing ICO and a list of upcoming ICOs will be displayed.

iv. You can keep track of any of your preferred upcoming ICOs. To join the ongoing ICO, click on the project. I will use the ongoing ICO “MemoryDAO” as of March 1st, 2023, for demonstration.

v. Scroll down to see the details about the project and how to participate in the ICO.

vi. Click on the link provided to visit the ICO’s official website (which is where you can buy the ICO coin). You can also see how to participate by clicking on the link provided.

vii. Once on the official website, you will be asked to connect a non-custodial wallet like Metamask or Trust Wallet.

Note that you need to download and set up these wallets if you don’t already have them. A detailed explanation of how to do so is provided in the attached link. In addition, if you are using Metamask, for example, make sure you set it to the right network.

viii. Next, ensure that you fund your wallet with the required token pair. Then proceed to buy the coin; a minimum and maximum amount to buy might be displayed.

In addition, you will also find details about the coin’s release (whether there is a vesting period or not). When the coin is finally released, you can sell it for profit on the listed exchange.

Now, you might wonder: how guaranteed are ICO coins? Continue to the next section.

How Much Profit Can I Make From ICO Coins?

There is no guarantee that you will profit from ICO coins but don’t chuckle yet!

Here are a few things you should do before investing in an ICO to make sure you profit:

• Research the ICO and the team behind it

Ensure that the project has a solid use case and has the potential to succeed in the market.

Again, look into the founding team members and their track records. Check if they have experience in the industry and if they have successfully launched any previous projects.

Check if the project has a well-defined roadmap. Are there existing competitors, and is the team equal to the task?

• Read the whitepaper

Go through the whitepaper thoroughly. The whitepaper contains the objectives and goals of a project.

It is not safe to invest in an ICO that does not have a whitepaper.

If, however, the project has one, carefully go through it and ensure that the goals are clearly defined.

• Review the ICO Website

Carefully examine the project’s ICO website and make sure that it is not shady.

Check if the website has an SSL certificate and look up the domain’s age. A website with excessive typos and grammatical errors should not be trusted.

• Public Sentiments

Check social media sites—is the crypto community positive about the project?

If there are a lot of negative comments or concerns, it might be best to avoid investing.

A coin’s success in the market depends on factors such as mass adoption, a sustainable project, a capable team, and all the factors discussed.

An ICO is more likely to generate a profit if it meets these criteria.

• Take Profit

Take profit as soon as you can and don’t be greedy.

The reason is that most ICOs may do well in the market when they are first listed but may experience a sharp decline when major investors start taking profits.

Disclaimer

Note that there are fake ICOs and that there is no guarantee that one would profit from an ICO.
Although there have been profitable ICOs in the past, such as the 2014 Ethereum ICO, ICOs have become less profitable in recent years.
This is due to fraud as well as a general downturn in the market. As a result, there is a risk of losing your investment.

Conclusion

You have reached the end of the post!

Finding coins in their ICO phase on CoinMarketCap can be a lucrative way to invest in the crypto market.

However, it is important to do your research, analyze the coin or token’s potential, and monitor its performance before investing.

Do you have further questions? Drop them in the comments box below.