Crypto trading can be one of the more complicated investment markets, making it hard for newcomers to understand it and make wise decisions. There are various tools that can assist traders in this task.
Coinmarketcap, for example, allows users to track prices and set price alerts for their favorite coins, while Coinigy boasts advanced candlestick trading charts with built-in technical indicators.
CoinMarketCap
CoinMarketCap is the go-to website for crypto asset prices, providing retail users with reliable, independent information to make informed decisions. Based in the US and recently acquired by Binance.
CoinMarketCap provides many features for its users, such as real-time rankings of cryptocurrencies and market data/charts that reflect real time rankings based on criteria such as trading volume/cap and other criteria such as specific addresses on blockchains for easy due diligence purposes.
Furthermore, the site offers several APIs for use with more complex applications. Both the public API is available free-of-charge and supports both REST and WebSocket protocols; Professional API is charged at a fee and offers custom licensing levels with credit systems attached for further applications. Ultimately, their goal is to maintain high levels of accuracy and reliability when providing market data, which they feel will allow informed decision making by cryptocurrency users.
Lunar Crush
LunarCrush is an analytics platform designed to assist users in understanding crypto trends and market movements. By combining social data with proven financial metrics, users gain an in-depth look into the crypto world. Furthermore, LunarCrush provides alerts for specific coins or exchanges so investors can remain up-to-date.
Lunar Crush uses artificial intelligence and machine learning to monitor the social traction of more than 2,000 coins and NFTs, and analyzes over 250 thousand pieces of crypto-specific content daily, uncovering valuable insights that enable traders to make confident trading decisions.
The app’s advanced insights feature allows users to trade off of insights triggered by social mentions, which gives them access to trends they would not have found themselves scouring the web themselves. Plus, its rewards system rewards participants with points they can redeem for LUNR tokens! Plus it integrates seamlessly with other crypto tools for an optimal trading experience.
CryptoCompare
CryptoCompare is an industry-leading cryptocurrency market data provider, offering consumers access to an abundance of information. Through mobile apps and features that make managing multiple portfolios and using technical analysis easier for its users.
At Cryptopia, a real-time aggregate index approach is employed to calculate market prices of cryptocurrency pairs traded across exchanges. This process draws upon transaction data from over 170 exchanges to produce a 24-hour volume-weighted average. Furthermore, customizable integration options for enterprise users are also provided by this company.
CryptoCompare was established in London, UK in 2014. Led by Charles Hayter (CEO and Co-Founder) and Vlad Cealicu (CTO and Co-Founder), its leadership includes Charles Hayter as CEO and Co-Founder; Hayter previously held positions as an Equity Research Analyst at Citibank while Cealicu worked at ADVFN Web Development before serving as Head of Software Development at LSBF.
TradingView
TradingView provides an array of stock and cryptocurrency analysis tools, along with an extensive knowledge base, interactive drop-down/hoverover information pods throughout its website, and drop down and hover-over pods that help explain various features.
TradingView allows users to collaborate and exchange ideas and strategies with an international community of traders, discuss market trends and use advanced charting capabilities to spot opportunities. Furthermore, TradingView includes a stock and cryptocurrency screener which filters assets according to specific criteria.
TradingView provides robust technical analysis tools as well as being an excellent place to discover new trading strategies and tactics. However, its social side can sometimes be somewhat volatile as users provide advice that may cause FOMO (fear of missing out). Contributors who regularly offer insight and experience may gain more weight with others on TradingView; additionally they can follow other users and get updates whenever they publish an idea or opinion piece.
