The altcoins season is back and coins like Ethereum, Polkadot, and Solana are breaking all-time highs. In August, the total coins listed on CoinGecko was about 9,000 coins. As of this post, there were 10,089 coins in the market. More than 1000 coins have been added in the short span of around 100 days!

The returns you could get from these coins are insane, however, it is important to note that not all altcoins are good and profitable! There may be hidden scam coins out there as well – the latest $SQUID saga is a timely reminder.

So, how do you find the gems out of the 10,402 altcoins in the market, and stay away from the potential scams?

Here are 3 tips that I personally use. I hope they’ll can help you spot the next winning altcoins:

1) Market Cap and Trading Volume

We start off by looking at the coin’s Market Cap and its trading volume. This will