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How Smart Traders Use KyberSwap Discover to Spot Tokens Before They Trend

2 mins
Updated by Shilpa Lama
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In March 2022, KyberSwap introduced a new feature on its platform to make life easier for cryptocurrency traders worldwide. Dubbed Discover, KyberSwap’s new feature enables traders to view and track tokens that are trending or will likely start trending soon.

This quick overview highlights how this new feature comes off as a welcome addition to the platform as it strives to become a one-stop solution for traders in DeFi.

Just in case you are not familiar with KyberSwap yet, check out this detailed review by BeInCrypto to get yourself up to speed.

KyberSwap Discover is designed to keep you ahead of the curve

You may already know KyberSwap as one of the most popular DEX aggregators that allow users to monitor trending assets and trade. This new feature further adds to those capabilities by bringing the most up-to-date data and well-researched forecast on dozens of tokens across chains.

As we know, if you learn about a promising token early on and invest in it before its rise, you will likely earn hefty returns from it over time.

Hearing about a few tokens and doing research on popular ones are fair enough, but how do you spot altcoins early? Especially considering that there are tens of thousands of tokens out there, with new ones being added every day? 

It’s not humanly possible to conduct due diligence on all. That’s where the Discover Feature comes into play to help a user on their journey.

KyberSwap Discover is accessible via the main menu on the KyberSwap website. As you enter the Discover section, you will see that the feature is split into two tabs: Trending Soon and Trending.

The names of the tabs are pretty self-explanatory as the Trending tab displays tokens based on current trending data collected from top crypto market aggregators such as CoinGecko and CoinMarketCap. 

Similarly, Trending Soon displays tokens that are not currently trending but will likely start trending in the near future. This forecast is produced by KyberSwap’s homegrown trend detection algorithm that comprehensively analyzes massive volumes of data including trading volume, price, market cap, and other on-chain data.

Trending Soon provides traders with the opportunity to get in on tokens early on before they go mainstream. As of press time, KyberSwap is the only DEX to offer such a feature. In fact, it might very well be the first platform in the world to offer a predictive tool for such a large number of DeFi tokens (20,000+ tokens, to be more specific). 

Overall, it is a pretty simple and utility-focused tool designed to add more meat to your DeFi trading inventory. The animation below presents a quick demonstration of how to use KyberSwap Discover.

Follow KyberSwap on social media for regular news and updates: 

Discord | Twitter | Blog | Facebook | Reddit

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In compliance with the Trust Project guidelines, this guest expert article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content.  Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Shilpa Lama
Shilpa is a Highly experienced freelance Crypto and tech journalist who is deeply passionate about artificial intelligence and pro-freedom technologies such as distributed ledgers and cryptocurrencies. She has been covering the blockchain industry since 2017. Before her ongoing stint in tech media, Shilpa was lending her skills to government-backed fintech endeavors in Bahrain and a leading US-based non-profit dedicated to supporting open-source software projects. In her current...
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