Crypto-focused telegram groups are increasingly becoming popular since they offer an easy way for crypto users to connect and be updated on all developing stories related to the industry. Joining such groups can prove beneficial, especially for beginners. That’s because various resources are shared, from market analysis to educational materials and crypto signals.
This guide explores some of the reliable crypto Telegram groups you can join this year.
What’s Telegram and How Does it Work?
Before we discuss crypto groups on Telegram, it is important we understand what Telegram is. It is a major messaging app that boasts over 500 million monthly users. These users can share or make video calls with their loved ones. Telegram has also made end-to-end encrypted chats possible.
Launched in 2013 by Russian businessman Pavel Durov, Telegram runs on several device systems, including Android, Windows, and iOS.
Six Best Crypto Telegram Groups
Telegram allows crypto users from different countries to form groups on the platform with the aim of discussing issues affecting the industry. As of June 2023, there are over 1,000 crypto Telegram groups. This makes it difficult to pick the right one. However, after researching for the last few months, we found these six crypto Telegram groups to be recommendable.
BeInCrypto Trading Community
This Telegram group is made up of both newbies and seasoned crypto traders who actively discuss multiple issues, such as market trends. The trading experts allow beginners to ask questions and also provide technical analysis.
When you join this group, you will enjoy the following perks:
Project reviews: BeInCrypto ensures group members understand various crypto projects’ pros and cons before investing.
Free Trading Course: This course comes in the form of a video series. It teaches you the basics of trading.
Live market updates: BeInCypto analysts usually go live on weekdays at 6 PM CET to provide an overview of the crypto market. They discuss events that may affect the market and also give price predictions.
Whale Alert
Do you want to track the blockchain activities of various whales? Join Whale Alert on Telegram. Whales are individuals or institutional investors who hold massive amounts of capital. It is crucial to monitor their transactions because they have the ability to dictate price movements.
Whale Alert has 300,000 members. If you become one of them, you will be updated about any potential price change in case the group’s founders notice a big-money transaction on the blockchain.
DeFi Million
With several decentralized finance projects rug-pulling their investors, joining a Telegram group that provides valuable insights regarding various protocols is advisable. One of them is DeFi Million. This group offers members guidelines on how to identify a quality DeFi project. On top of that, DeFi Million comprises trading experts who teach newbies how to trade crypto. They also provide trading signals which have a 76% accuracy.
Airdrop
With over 1 million members, Airdrop provides a way for new crypto projects to issue free tokens to the public. The goal is to create awareness about these projects. Joining this group gives you a chance to receive, without paying, tokens that may surge in value in the future.
One thing to note is that not all crypto projects distributing free tokens are authentic. In fact, Airdrop has a pinned message asking members to proceed with caution when getting involved in airdrops, claiming that some tokens do not have use cases and may be scams.
NFT News
As the NFT market continues to grow, joining a Telegram group that keeps you updated on matters affecting this space is vital. A good option is NFT News. This group shares reviews of various NFT marketplaces and informs members of any upcoming NFT drop.
ICO Analytics
Many crypto projects believe initial coin offerings (ICOs) are the best fundraising method. It involves raising money from investors by persuading them to buy a new token. But not all ICOs are legit. To find out which ones are authentic, you can join a Telegram group called ICO Analytics. Analysts in this group try their best to identify legitimate ICOs while exposing those they suspect to be scams.
Conclusion
Telegram groups provide a good way for crypto users to be informed and interact. However, always watch out for scammers in these groups who send private messages to convince you to invest in a particular project.
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