In a few short years, the crypto market has gone from obscurity to a market cap of almost $3 trillion, thanks to continued innovations within the space. People are now realizing that crypto is the future, and this is reflected in the tremendous growth the space has witnessed in a short span. Both retail and institutional investors are getting heavily involved with the industry. However, some individuals have found themselves jumping into the market without proper knowledge, which can prove catastrophic. One can lose money as quickly as they can make it in the crypto space, and you are more likely to lose if you lack proper education and analysis of the market. This piece will focus on 10 best crypto research tools you must have in 2023 to make the most of the opportunities offered by cryptocurrencies.
- CoinGecko/Coinmarketcap
These are two similar platforms that track cryptocurrencies. They provide insight on market cap, trading volumes, market performance, periodical gains and losses, and other vital details on any given project. These platforms are for both new and experienced crypto users to track how their investments are performing. Also, they offer plenty of educational resources that one can use to teach themselves about crypto. Other things users are likely to find on the platforms include periodic reports on how the market is performing, insight on prevailing trends, and more. Additionally, they offer the correct addresses for DeFi projects on DEXSs, protecting users against scams. These are the first pages a trader opens in the morning to see how the market is performing.
- CoinDesk/CoinTelegraph
These are news outlets covering the crypto space. CoinDesk and Coin Telegraph have managed to establish themselves as market leaders within this space. And offer users great insight into what is happening within the market. This can be through news, opinion posts, educational guides, press releases, etc. As a crypto investor or trader, you need access to these sites daily to keep tabs on what is happening within the market. This helps influence your trading and investing. Other reputable sites within this category include Bloomberg, Bitcoin.com, etc.
- TradingView
This is a must-have for all traders. It boasts comprehensive crypto charting tools where you get to conduct all your technical analysis. You can set alerts and receive them on your phone whenever the price crosses a given line. So that you can make right decisoin in market.
- Glassnode
This blockchain data and intelligence provider generates innovative on-chain metrics and tools for digital asset stakeholders. The platform gathers data from multiple blockchains and generates meaningful information from it.
- Messari
This platform collects cryptocurrency data and analyzes charts, thus allowing investors to make better investment decisions. You can use a screener to sort coin information through personalized filters.
- Lunar Crush
This is a “social intelligence” platform that analyzes data from social networks to gauge not just market activity and transaction data, but also investor sentiment. The platform provides real-time insight on influencers that may have a positive or negative influence on a given project.
- Telegram/Twitter/Reddit
These are social media platforms where the strongest crypto communities are based. Telegram is great for project communities, while Twitter allows one to follow up on projects and influencers they are interested in.
- DeFi Pulse
This market tracker offers insight into what is happening within the relatively new DeFi space. It tracks the total value locked (TVL) on Ethereum, the network which hosts most DeFi activity.
- CryptoMiso
This is a research tool that ranks cryptocurrencies based on their GitHub activity. It allows one to check the number of commits a given project has within a given period of time. This offers insight into what is happening behind the scenes, since investing in a crypto asset without checking its development is a risky endeavor. It is vital that a project’ s code is maintained regularly and improved, something that great projects constantly do.
- Skew
This tool provides insight on crypto derivatives by taking information from top derivative exchanges such as Binance, FTX, OKEX, Bybit, etc. As a trader, you can get plenty of value from this platform and be future ready.
We hope our hard work on best crypto research tools in 2023 will help you to create massive wealth in this year. work hard and make your life succesfull.
