Cryptocurrencies can be an unpredictable investment, yet their returns can be extremely profitable if done with care and with proper tools. To make informed investments, it’s crucial that traders can analyze market trends and make data-driven decisions.
As an aid to cryptocurrency trading analysis, there are various websites online available. Some examples:
LunarCrush
LunarCrush is a cryptocurrency data tracking and analysis platform which scours social media posts, news articles, and forums in search of valuable trading insights that users can directly trade off of. The platform strives to become an indispensable tool for crypto investors by uniting Wall Street research with Main Street accessibility in an intuitive user experience.
Track social engagement to identify emerging assets and sentiment changes, correlation trends between key leading indicators metrics like price, volume, volatility and transactions as well as sudden spikes or drops in activity or sentiment that signal potential market turning points, timing major buy or sell decisions according to exchange inflows, transaction volumes, developer activity or any other relevant blockchain-level metrics.
LunarCrush also allows traders to integrate its community metrics into existing charts on platforms like TradingView. This integration allows traders to stay abreast of market movements, giving them more chance for better trading decisions.
CoinMarketCal
Provides crypto traders with valuable information, including price movements, news stories and technical analysis. In addition, its robust filtering system enables users to search by keywords, dates, coins and exchanges – making it simple and effortless for traders to stay abreast of developments within the cryptocurrency realm.
CoinMarketCal is designed as a community-driven system, so anyone can submit events for inclusion on its calendar. Each submission requires proofs and sources, which are then validated through voting by other users on CoinMarketCal’s community platform – this ensures that events remain up-to-date while eliminating fake ones from occurring on its website.
The website also offers other useful tools, including a portfolio tracker and gainers/losers page that help traders avoid mistakes and maximize returns from investments. Furthermore, extensive documentation and tutorials make the platform user-friendly for beginners without becoming overwhelmed by all its features.
Nansen
Named for Fridtjof Nansen, an explorer, scientist and diplomat from Norway, this Singapore-based startup analyzes petabytes of trading data every day – helping users uncover opportunities, conduct due diligence checks, defend portfolios and make better investment decisions with real-time dashboards and smart alerts.
Nansen’s wallet labeling service draws upon information accessible directly from blockchains to provide customers with new insights, including being able to see when a crypto market maker withdraws millions of wBTC from Coinbase or when an iconic non-fungible token (NFT) collector purchases multiple PFPs. Nansen’s research department also assisted journalists from Tech in Asia piece together any questionable practices employed by NFT lending firms like Hodlnaut.
Nansen relies on BigQuery to process massive amounts of crypto trading and blockchain data. Utilizing custom queries and Pub/Sub filters, the startup has used BigQuery ML to automatically scale their blockchain infrastructure while managing an immense volume of information. As a result, conversion rates from trial users to full subscribers has seen an exponential rise of 20x since implementing these techniques.
Cryptowatch
Cryptowatch provides traders with a comprehensive trading analysis platform. With its user-friendly and customizable interface, advanced users can connect their exchange accounts using API keys for portfolio tracking purposes as well as trade directly through Cryptowatch.
This platform also includes correlations between markets, which allow traders to accurately anticipate future market behavior. Users can create customized charts by selecting their underlying currency and timeframe of interest.
Kraken is a free to use application that supports several of the most popular exchanges. Users can access it either through web browsing or desktop application – the former requires less computing power while its desktop counterpart can cause overheating of computers. Unfortunately, however, Kraken only supports Kraken itself and doesn’t offer margin trading – however they have recently introduced mobile versions with limited features when compared to its desktop equivalent.
