The cryptocurrency market is challenging, with thousands of new tokens appearing daily.
I was overwhelmed when I first visited Coinmarketcap in 2017 due to the many available tokens.
Identifying influencers with reliable performance tracking can be challenging, not solely promoting the latest ICO or altcoin to dump on their followers.
AlphaScan makes this an easy process.
With its data-driven approach, AlphaScan allows you to effectively track, analyze, and evaluate crypto influencers and emerging token trends.
I’m excited to share this AlphaScan guide on using the platform to evaluate better the influencers you are following.
Let's dive in.
Enjoy!
Kierin | Onchain_Edge
(This edition is quite long. You might want to read it on the website. This content is NOT sponsored.)
This is What We Will Cover Today
I will show you how you can use AlphaScan to do the following:
→ Influencer Performance Tracking: Learn to discern profitable advice from hype by evaluating crypto influencers' track records with AlphaScan.
→ Token Trend Identification: Master spotting emerging tokens early using AlphaScan's comprehensive data analysis.
→ Strategic Investment Decisions: Make informed choices by analyzing market trends and historical data through AlphaScan.
→ Real-Time Market Updates: Get instant alerts on token mentions and market movements for timely trading decisions.
AlphaScan
What is AlphaScan?
Website: https://alphascan.xyz/
AlphaScan – an excellent tool designed for crypto investors.
Imagine having a personal research team at your fingertips, and you can track and analyze their performance.
On AlphaScan you will find a selection of the best crypto Twitter and Telegram influencers and their recent calls.
I talked to Degen Miami, AlphaScan founder, a year ago while I was on vacation in Cambodia to give him input on what I, as a degen, found useful in a crypto tracking tool.
He’s an outstanding guy, and I’m hyped about what he and his team have built in a year.
I talked to Degen Miami on this beach (Preah Sihanouk, Cambodia) a year ago.
Let’s dive right in.
Website: https://alphascan.xyz/
To access some dashboards, one needs to have 10’000ASCN tokens. At the current prices, this would cost around $500.
In my opinion, this is a fairly reasonable price for such a useful platform. The best part is, unlike other tools, you may even be able to sell the tokens at a higher price point later on. While it's not a guarantee, the fact that you can sell the tokens if you no longer wish to use the platform is a huge plus.
Telegram Calls
Access to this feature requires holding 10’000 $ASCN tokens.
The Telegram Call feature aggregates token mentions from supported Telegram channels, providing sentiment analysis for each token.
It's designed for advanced social sentiment analysis and is useful for trading small-cap tokens.
Access requires holding 10’000ASCN tokens.
Displays recently mentioned tokens, their mentioning channels, mention frequency, and average price increase post-mention.
Offers detailed price tracking for up to 7 days after a token is mentioned.
Clicking a token icon leads to a detailed analytics page for that token.
Users can view detailed call information from all channels that mention the token.
Caller Performance
Access to this feature requires holding 10’000 $ASCN tokens.
The caller performance dashboard is a nice overview of the best-performing crypto alpha influencers based on the tokens they have mentioned.
Below is a list of the 6 best callers based on average token performance.
Check them out and always do your due diligence before aping into anything. Everyone makes mistakes.
Stealth Launches
Telegram: Stealth Launches
Followers: 9.9K
7-Day Performance: +488.1%
KOBE'S CALLS
Telegram: Kobe's Calls
Followers: 15.9K
7-Day Performance: +153.1%
Gambles 🎲 MadApes
Telegram: MadApes Gambles
Followers: 23.2K
7-Day Performance: +146.8%
Kaduna Degen Channel (NFA)
Telegram: Degen Kaduna
Followers: 3.4K
7-Day Performance: +113.7%
Dōgen's Gems 💎
Telegram: Dogen's Gems
Followers: 8.6K
7-Day Performance: +95.2%
Henry Club House
Telegram: Henry Club House
Followers: 3.3K
7-Day Performance: +69.5%
When you’re on the caller performance page, you can click on a token letter, which will open up the token’s analytics page.
Each token's page shows general data (price, market cap) and specific sentiment data. (not all tokens have a chart.)
Users can view the general market data of the token and directly purchase it via the "Snipe Token" option, linking to the $ASCN trading bot. (this feature is pretty awesome.)
The page includes aggregated sentiment analytics detailing the frequency of Telegram calls, the callers, and the maximum potential profit post-call.
Token Sentiment
This page shows an overview of what tokens are being mentioned the most.
Displays token mentions by key accounts, including mention counts over 1 day, 7 days, and 30 days.
Shows token price changes for 12 hours, 1 day, 7 days, and 30 days up to the current date.
Allows filtering to view tokens mentioned by specific key accounts and their respective mentions. (It's a very nice feature if you want to follow mentions from specific accounts.)
I recommend using Marketcap filters when looking for newer coins being mentioned.
When you click on the small downwards pointing arrow on the left of the token symbol, you can see the token chart with the influencer mentions superposed.
Influencer Leaderboard
This dashboard is probably one of my favorites, as you can see how successful influencer calls have been. Remember that an influencer might have a winning streak, get lucky, and be completely wrong afterward.
The influencer leaderboard analyzes how token prices are affected after mentions by token threadoors, focusing on $cashtag mentions (excluding those with negative sentiment).
'Token performance' tracks price changes 1 day, 7 days, or 30 days after a token's mention, rather than the last 30 days' performance.
Allows filtering for accounts that mention specific tokens.
Includes a feature to filter for a specific token, showing only accounts that mentioned it in the last 60 days, with highlighted mentions for the selected token.
Historical Data
Historical data measures performance by examining token price changes over the last 60 days following each token mentioned by an account based on the selected time filter.
Exploring Narratives
AlphaScan provides advanced filters for identifying promising narratives and tokens.
This feature can help you understand what narratives are picking up and which are starting to lose strength.
How to Find Alpha using AlphaScan
AlphaScan wrote a good Medium article on how to find Alpha using AlphaScan. I’ve summarized the main key points below. If you want to read the full medium post, click here.
Objective: Use AlphaScan to identify tokens gaining positive sentiment on Twitter before the price completely goes through the roof
Premise: Focus on tokens receiving attention from Twitter accounts with a history of successful token calls, filtering out fake activities and distractions.
Step 1: Use AlphaScan's account screener to identify top-performing Twitter profiles based on your chosen trading timeframe (60 days for medium-term, 7 days for short-term)—sort by 30-day performance for longer horizons, 1 day for shorter.
Step 2: Check recent discussions of these top accounts using the "View by Token" feature. Filter and sort by 7-day performance post-tweet to focus on tokens with strong price action.
Step 3: Apply selective filters to focus on tokens mentioned by multiple top performers, showing good price action. Exclude tokens with fake volume or unreliable charts.
Step 4: Create a shortlist of tokens and use the Account Screener to analyze each. Look for a consistent trend in mentions, preferring tokens with increasing mentions over the past several days, indicating growing attention.
Strategy for Finding Alpha: Quickly identify and act on tokens gaining traction among influential Twitter accounts with a history of successful calls, ensuring the trend is recent and gaining momentum.
The AlphaScan Trading Bot: Your Trading Ally
The AlphaScan Trading Bot simplifies the trading process. Accessible via Telegram, it's designed for user convenience.
You can access the telegram bot here: https://t.me/AlphaScanTradingBot
Click on Launch Bot to open up a small window with a menu and settings.
The first thing you want to do, if you would like to use the Alphascan buying bot (no fees if you hold 10’000 $ASCN tokens), is set up your wallets and buying amount.
Click on the cogwheel and change your default buy amounts.
Go back, then click on “My Wallets” to create a new degen wallet (high-risk)
Click on the new wallet.
A new wallet will be generated; you must save the private key. Don’t share the private key with anyone. It's not like I’m doing right now!
You can now fund this wallet with the main net, Ethereum.
Let’s go over to the other menus
New mentions
telegram calls
Top Trending
Call channels
The call channels dash is particularly important within the Alphascan telegram bot. It allows you to cherry-pick which influencer calls you want to follow.
I recommend going through the influencer leaderboard and selecting influencers calling tokens you want to buy. Some influencers are narrative traders; others flourish with complete degen plays.
It’s your choice.
When you’ve set up the call channels, you will get a ping as soon as an influencer mentions a new coin
the alert will look like this:
telegram calls
Exploring Token Trends and Narratives
Staying Ahead of the Curve
AlphaScan provides advanced filters for identifying promising narratives and tokens. It offers detailed sentiment analytics, which is especially beneficial for $ASCN token holders. This feature helps users stay informed and make educated decisions in the dynamic token market.
Getting Started with AlphaScan
Your First Steps
Starting with AlphaScan is pretty easy.
You will need 10’000ASCN (Arbitrum chain) tokens to be able to use all the AlphaScan features
$ASCN 0x1B8d516E2146D7a32Aca0FcBf9482db85fD42c3a
Fund a wallet like Metamask or Rabby with Arbitrum ETH (check out my Rabby tutorial here.)
Buy 10’000 $ASCN tokens using Uniswap or 1inch.io
Go to: https://app.alphascan.xyz/
(Always make sure you are on the correct website before connecting your wallet!)
Click on the Connect Wallet.
That’s it. Alphascan should detect the tokens in your wallet, and you should be good to go.
You will need to sign a message.
When that’s done, log back into Alphascan, and you should be able to see all the hidden dashboards.
Community and Support
You can talk to the AlphaScan community here.
Here are some Twitter accounts that have mentioned Alphascan in the past.
Conclusion
AlphaScan is an excellent tool to help you find new altcoins with a good chance of having excellent price performance. It’s still important to do your due diligence. IMO, it’s an excellent tool and, at the current $ASCN prices, very affordable compared to many other premium groups.
I’ll use AlphaScan to back my research and watch what top crypto influencer accounts discuss.
Cheers,
Kierin
