Research tools are essential to successful trading crypto, with price alerts, on-chain data analytics and social indicators among their features. Furthermore, these tools will keep an eye on new exchange listings or presale opportunities that come up.
Coinmarketcap and TradingView are among the most-used tools for crypto trading analysis, offering easy-to-use services with real-time market information.
DEXTools
DEXTools is an essential cryptocurrency trading tool, offering real-time blockchain data in one user interface. This platform allows traders to analyze real-time blockchain data and develop customized trading strategies, search large spreads, predict market trends and follow profitable wallets (whales). While DEXTools is free for most users, premium options are available for users willing to stake the project’s utility token DEXT.
Users can utilize the Pair Explorer feature to gain in-depth information on selected pairs, such as charts and transactions. They can follow prices and market trends using TradingView; additional features include Price Notification and tracking large wallet movements known as whales in crypto. They can also monitor both their own wallet and those belonging to other users using Big Swap Explorer’s list of all incoming/outgoing trades with an option to filter by trading pairs/values as well as filter by trader’s wallet number.
Coinmarketcap
Coinmarketcap is the go-to website for tracking cryptocurrency prices worldwide, trusted by users, institutions and media outlets such as CNBC and Bloomberg. On April 2020 it was acquired by Binance Capital Management.
Real-time pricing and trading volume data is provided, enabling users to compare cryptocurrencies based on market capitalization. Additionally, this site provides details regarding trading volumes of different exchanges as well as trend analysis in the cryptocurrency market.
The website offers numerous features that make it user-friendly, such as viewing price averages and log graphs of the top 100 cryptos on offer, creating watchlists of new coins, viewing price averages over time for them as well as price fluctuations on them.
CoinMarketCap can help you make smart investments decisions and find suitable cryptocurrency assets to invest in. To do this, check the coin’s website, social media pages and white paper in order to gauge how it operates and solves problems.
TradingView
TradingView is an innovative financial market platform designed for traders and investors. Featuring various charting tools and social networking features to allow for collaboration among users, its features include stock, cryptocurrency pairs and currency charts as well as backtesting tools.
Pine Script, its proprietary coding language, allows users to quickly and easily create customized indicators and alerts. Furthermore, it offers multiple asset tracking simultaneously on custom layouts while offering access to numerous technical indicators and tools, such as Kagi Renko Heikin Ashi candlesticks etc.
The platform also provides video streams and chat rooms. You can follow users whose ideas you like, participate in discussions to gain knowledge from their perspectives and experiences, and build strategies with other members that will improve trading results. All these features are free for use – although if more advanced tools and features are desired you may upgrade to a premium account at no charge.
Coinigy
Coinigy is a cryptocurrency trading analysis tool with tools designed for both novice and expert traders alike. Users can track all their trading accounts, wallets, exchanges and arbitrage trading tools through Coinigy’s Android app, Chrome or Firefox plugin, web-based application or free 30-day trial period. Coinigy’s monthly subscription fee stands at 15 USD monthly with 30 day free trials provided as an added incentive.
TradingView charting and technical indicators, SMS price alerts and email price notifications from multiple exchanges, its unique ArbMatrix tool to trade arbitrage opportunities across multiple exchanges as well as its crypto screener which pulls data from over 40 exchanges to help identify trading opportunities are just some of the services it offers – an alternative to popular screeners such as Coinmarketcap or CoinGecko; although its single package subscription model might make costs easier to comprehend.
