In March 2022, KyperSwap introduced a new feature to its platform to make life easier for cryptocurrency traders around the world. Dubbed Discover, KyberSwap’s new feature enables traders to view and track tokens that are trending or will start trending soon.
This quick overview highlights how this new feature stands out as a welcome addition to the platform as it strives to become a one-stop solution for traders in DeFi.
If you are not yet familiar with KyberSwap, check out this detailed review by BeInCrypto to get yourself up to speed.
KyberSwap Discover is designed to put you at the fore
You may already know KyperSwap as one of the most popular DEX aggregators that allows 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 forecasts on dozens of tokens on the chain.
It Pays to Spot Trending Tokens
As we know, if you learn about a promising token early and invest in it before its rise, you will earn huge returns from it over time.
It’s fair enough to hear about a few tokens and research the popular ones, but how do you find altcoins quickly? Especially considering that there are thousands of tokens out there, with new ones being added every day?
It is not humanly possible to do due diligence on everyone. That’s where the Discover feature comes in handy to help the user along their journey.
KyberSwap Discover is available through the main menu on the KyperSwap website. As you enter the Discover section, you will notice that this feature is divided into two tabs: trending soon And trend,
Tab names are pretty self-explanatory such as trend The 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 in circulation but are likely to be in circulation in the near future. The forecast is generated by KyberSwap’s homegrown trend detection algorithm which analyzes massive amounts of data including trading volume, price, market cap and other on-chain data.
Trending Soon offers traders an opportunity to acquire tokens before they go mainstream. As of press time, Kyberswap is the only DEX to offer such a feature. In fact, it could very well be the first platform in the world to provide a predictive tool for such a large number of DeFi tokens (20,000+ tokens, to be more specific).
Overall, it is a very simple and utility-focused tool designed to add more meat to your DeFi trading inventory. The animation below presents a quick demonstration of using KyberSwap Discover.
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