Many of the crypto trading analysis tools on offer today provide critical data and metrics. For instance, CryptoQuant provides vital exchange-flow details while DefiLama provides innovative on-chain market indicators.
LunarCrush takes an unconventional approach to cryptocurrency, providing insights into social sentiment surrounding digital assets and helping investors better understand market trends in order to make informed investment decisions.
1. TradingView
TradingView was introduced into the financial market analysis world by three visionary entrepreneurs – Constantin Ivanov, Denis Globa, and Stan Bokov. Since 2011, traders have utilized TradingView for its comprehensive suite of indicators, customizable charts, fundamental and technical analysis tools as well as global market coverage to monitor stocks, foreign exchange (forex), commodities and cryptocurrencies.
Charts on TradingView can be viewed with time frames spanning one second to one year, and feature an array of drawing tools like trend lines, retracement/extension tools, support/resistance levels and more for detailed analysis.
This website also features various other features, including an expansive library of ideas published by other members and the ability to backtest strategies using historical data. Furthermore, all user data is encrypted with bank-grade security and users can share charts or ideas via comments and private messages.
2. Coinigy
Coinigy is an advanced cryptocurrency trading analysis platform which offers cross-exchange trading and portfolio tracking, price alerts and crypto news within an intuitive user interface. Coinigy’s ArbMatrix feature also proves popular for arbitrage traders due to displaying prices from various exchanges side-by-side.
This website features a cryptocurrency screener and smart portfolio monitoring, TradingView charting with various technical indicators, real-time and historical market data for over 45 exchanges including bid/ask prices, order books and trade history; price and volume alerts that can be sent via SMS text messages, emails or browser notifications are also provided.
Coinigy offers more than trading and analytics tools; its API makes connecting to individual exchanges simple. Traders can easily link their accounts by selecting “Accounts” in the top menu bar and connecting with an exchange via Coinigy’s dedicated exchange API.
3. CoinMarketCap
CoinMarketCap was established by Brandon Chez in May 2013, providing cryptocurrency investors with an easily digestible database ranking cryptocurrencies based on their prices, trade volumes and market capitalizations. Data for CoinMarketCap comes directly from reliable global exchanges to make this information easily digestible – prices, trading volume and market cap are only three components that it tracks – other useful metrics include circulating supply and max supply data as well as more than 20 other useful pieces of information that it keeps an eye on.
CoinMarketCap is an invaluable tool for both newcomers to crypto and experienced traders alike. Its database tracks over 11,000 cryptocurrencies and provides users with access to valuable data relating to portfolio performance, watchlists and backtesting strategies. Newcomers to cryptocurrency will find CoinMarketCap an ideal introduction – its A-Z glossary has everything from A to Z terms to keep them informed. Interestingly, unlike CoinGecko or TradingView it does not sell crypto nor provide wallets; only data tracking services.
4. LunarCrush
LunarCrush is an essential tool that assists users in making smart trade decisions based on current crypto market trends and metrics. It offers social data analysis for Bitcoin, Ethereum, stablecoins and thousands of other coins while tracking influencer sentiment analysis to provide a full view of their respective crypto markets.
LunarCrush provides detailed information about every coin and token available, including market capitalization and 24-hour volatility. In addition, LunarCrush analyzes coin/token correlations and displays their findings on one page.
LunarCrush is available free-of-charge, though advanced users may require premium features for accessing historical data. Its learning curve may be steep for those unfamiliar with cryptocurrency markets; furthermore, certain operating systems may not support LunarCrush; therefore it is crucial that you find an analysis website tailored specifically to your needs and preferences in order to minimize risk while increasing profits.
