With the rapid advancement of blockchain technology and cryptocurrency indurtry, people’s interest to Invest in the blockchain projects and cryptocurrency has grown considerably. The most important thing before investment is to research well enough about where to invest.Especially before investing in any crypto coin or token it is very necessary to research well and for this the requirement is very good analytic tools. In this article we will discuss 15 Best research Tool that are essential for every crypto investor or trader.
Why Every Investor Needs Crypto Research Tools?
There’s no denying that crypto is gaining in popularity and carving out a place for itself in the mainstream financial conversation. And as it does so, thousands of different coins are created overtime. There are over 19,000 different crypto coins on the market.
The more of these extremely fast-changing crypto assets you add to your portfolio, the more time you’ll need to spend tracking all of them to make sure you’re making wise investments. However, most of us in today’s fast-paced world don’t have that kind of time. This is where crypto tools become in valuable.
With the right crypto tool(s), you can easily monitor the performance of your crypto assets, and sometimes other assets, as well at a glance. And this capability will only become more important as modern investors continue to grow the diversity of their portfolios.
15 Best research Tool that are essential for every crypto investor or trader.
CoinGecko is one of the largest data aggregators that tracks cryptocurrency prices by market cap. You can view live price changes for more than 10,000 coins and over 500 crypto exchanges. CoinGecko is suitable for website and mobile use. User can also easily access the app over android & IOS Devices.
Apart from tracking and measuring coins & tokens by market cap and exchanges by trading volume, the platform provides an in-depth analysis of the crypto market. CoinGecko also provides community stats for Facebook, Twitter, Reddit and more. Also this can help a lot in portfolio creation and portfolio tracking.
There are many other useful features you can capitalize for free to get a broad overview of a particular cryptocurrency with CoinGecko. Premium and Premium+ accounts are $49.90 and $99 per year, paid monthly, and include an ad-free experience and advanced features.
Tradingview is a huge company which offers live trading charts for both crypto and stocks. They are one of the largest charting providers, with more technical indicators than you will ever need. They have both free and premium functionalities. All the best traders use Tradingview as their main cryptocurrency tool for charting.
Tradingview enabling an enhance trading experience. Users can create charts, add indices, and perform technical analysis easily for both the Spot and Margin markets.
Also Read: Top 10 Cryptocurrencies to Invest in 2022
Messari is a crypto data aggregator with loads of helpful tools to analyze charts, allowing you to make better crypto trading decisions. It has a screener with a variety of filters, such as sector, price and market cap, you can use to customize your research on various crypto coins or tokens.
You can use Messari for free. But, if you want to get the most out of this crypto research tool, you can upgrade to Messari Pro for $24.99 per month paid annually. The Pro membership includes daily insights and long-form research, plus advanced screening, charting and watchlist features. Pro also lets you download data to a spreadsheet. Messari has must be consider as a research tool for cryptocurrency.
Cryptowat.ch is owned by Kraken, a major crypto exchange. It is completely free and allows you to not only chart across various coins but also visualize 10+ charts in one view. I highly recommend checking it out, you have nothing to lose with those free cryptocurrency charts. If you can’t afford to pay for a crypto Research tool Cryptowat.ch should be in your list.
The crypto industry is a buzzing economy, bringing about tons of market events that might affect price movements. This makes it impossible to keep tabs on events from the crypto world if you don’t use crypto research tools like CoinMarketCal.
CoinMarketCal is a cryptocurrency calendar that updates you about all upcoming events on different crypto coins. The platform incorporates evidence-based and community-driven frameworks, letting people add crypto events, which later undergo verification. Real events get upvotes, while those that seem fake get downvotes.
If you’re interested in certain events that you think will likely impact a specific crypto price in your portfolio, for example, simply search the coin on the platform. With a few clicks, you’ll see all the listed events for the selected period. News of these events is especially important for short-term traders.
Glassnode is an on-chain data Analytics and intelligence platform, which means it gathers data from a number of different blockchains to accurately measure crypto network activity, and then uses that data to report metrics and insights to investors. You can use Glassnode to explore market indicators for any coin and view the number of active addresses with successful transactions. The platform also provides price data and lets you set alerts and download data.
Glassnode offers free access to “Tier 1” data that’s updated every 24 hours. Paid subscriptions are $29 per month and $799 per month, both paid annually, and provide additional tiers of data and more frequently updated information. Using Glassnode is essential tool for research any blockchain project or any crypto coin on-chain analysis.
Also Read: Top Project of ZkSync Ecosystem
LunarCrush is a social intelligence platform that analyzes data from social networks to measure not just market activity and transaction data, but investor sentiment as well. To understand the influence of sentiment on crypto coin, one need only look at how the mere mention of Bitcoin and shiba inu by social influencers triggered enormous price swings over the past year. LunarCrush provides real-time insight into who those influencers are and lets you track the influencers, coins and exchanges that interest you most.
LunarCrush reserves the most comprehensive platform features, data and rewards to those who contribute to the community. These contributions earn you LUNR token — the platform’s native token — you can use to unlock those perks.
8. Coin Metrics
Coin Metrics is a provider of crypto financial intelligence, market data, index, network data and other analysis tools to help you make informed crypto decisions. The platform lets you access over 100+ assets and 400+ metrics, including novel ones like free float supply and realized Mcap.
Once you’ve completed adding metrics to your chart using Coin Metrics’ network data visualization tool, you can download it in different extensions. Thus using this tool is quite useful in the field of cryptocurrency trading or research.
Santiment is another crypto research tool that deserves your Research tool list. Like Glassnode, Santiment provides on-chain and social media data on 2,000+ cryptocurrencies, helping you predict the price movement of any crypto or token.
The platform also offers fundamental insights and behavioral reports so you can stay ahead of imminent developments. What’s more, you can set up alerts on Santiment to get updates whenever a coin you’re watching gets a surge in social volume.
Beginner crypto investors can get a feel for the market with essential metrics and limited API calls at no charge. Paid accounts cost $149 or $399 per year and provide additional metrics and historical information, more API calls and higher levels of technical support.
DefiLlama is the largest TVL aggregator for DeFi (Decentralized Finance). Our data is fully open-source and maintained by a team of passionate individuals and contributors from hundreds of protocols. Our focus is on accurate data and transparent methodology.
DeFi Llama tracks all popular chains and their respective applications (DApps). The data team analyzes trading activity across the world’s largest chains. The platform aggregates the data and presents it to the world for free, including cumulative data for all chains combined.
This platform tracks all #DeFi activities going on on different projects & provides information related to TVL, staking rewards, yields, etc on various DeFi protocols, If you are planning to invest in a DeFi token, research about it on DefiLlama is a must.
11. Coin Dance
Coin Dance is an online platform that positions itself as a community-driven, Bitcoin statistics and services platform. Coin Dance’s Bitcoin surveys are conducted by their platform research team, who collect such information as trading volumes, percentages of people supporting Segwit rather than Bitcoin Unlimited, and so on.
Coin Dance is a heavy-data crypto research tool you may want to check out. The platform tracks all sorts of metrics, including harsh rates, network nodes, fees, block sizes and mining breakdowns. You can also sort data by country to see how crypto adoption is going globally.
With Coin Dance, you can also see other top-level stats covering blockchain, price history, search volume, market capitalizations, demographics and more. The platform is community-driven, meaning users can vote the validity of the information provided by the community.
Investing in cryptocurrencies without checking the development of a particular coin is probably a bad idea, you could be investing in a dead project. Since cryptocurrencies are software protocols, they can eventually die if not developed, maintained and improved.
Therefore, keeping tabs on the development of particular crypto projects is vital. It’s pretty easy to track them on Github, but you can’t track all the cryptocurrencies one by one; that’s why you need a crypto research tool like CryptoMiso.
CryptoMiso is a research tool that ranks cryptocurrencies based on activity on Github. You can check the number of commits an individual crypto project has done within a certain period based on the most popular repository. For example, as of this writing, Bitcoin ranked the ninth most valuable cryptocurrency in developing its platform.
13. Coin market cap
Coinmarketcap is the authority when it comes to tracking cryptocurrency prices in real-time. Since its inception in May 2013, it’s become one of the best-known brands in the rapidly-growing crypto-space.
The website and smartphone apps want to make cryptocurrencies discoverable to all. And to empower everyday investors with factual information that’s always accurate and always of the highest quality.
Coinmarketcap remains one of the most trusted sources for retail investors, institutions, and media when it comes to comparing the prices of crypto-assets. Features like cryptocurrency real-time price checking as well as portfolio management, portfolio creation, watchlist etc. are very useful for cryptocurrency investors.
If you’re interested in cryptos and derivatives, skewAnalytics might be a perfect fit for you. It’s a data analytics tool that combines information from top derivative exchanges like Bybit, OKEx, phemex, Binance and FTX on a single screen. The platform has a ton of interesting data that you can get value from.
Coinbase acquired Skew this year, making it part of Coinbase Prime. Coinbase Prime gives you secure storage, advanced trading capabilities and client services in a variety of time zones. Individual professional users can add custom dashboards and market data dashboards to their available features with a $279 monthly subscription fees.
Chainalysis is a blockchain data analytic platform that provides insights into cryptocurrencies. In their market section, they provide free coverage of bitcoin flows across the globe. You can see whether bitcoin is moving to or from exchanges and to which regions. You can track BTC inflows to exchanges, Change in BTC held on exchanges, BTC trade intensity, Regional BTC flows, Age of BTC held Etc.
Since Bitcoin holds most of the market cap, the price of Bitcoin impacts on the price of other coins (Altcoin), so this tool is very important to accurately determine the movement of Bitcoin.
This article is made purely for informational and educational purposes. This article does not encourage you to make any specific cryptocurrency investment. Cryptocurrency market is very volatile and risky so research well enough or consult a personal financial advisor before investing.
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