If you’re interested in investing in cryptocurrency, there are various approaches available. Two of the more prevalent are technical and fundamental analysis; technical involves looking at price trends and trading volumes while fundamental analyses take a more holistic view, considering financials, user communities and potential real-world utility.
Many crypto traders utilize various tools to help make informed investment decisions, including charts, market trackers, and live price data feeds.
CoinDesk
CoinDesk is a global publication covering trends, changes, technologies and companies related to Bitcoin and digital currency markets. Reporters worldwide monitor news stories related to these industries before providing it impartially for readers’ benefit.
Breaking Crypto News, webinars on various topics and podcasts by experts. A research platform allows investors to delve into on-chain metrics of different DeFi protocols.
Remember that some outlets have financial interests in the coins they cover, which may lead to biased news coverage and potentially fraudulent “pump and dump” schemes. Therefore, it’s essential to follow trustworthy sources and subscribe to relevant subreddits to stay up-to-date and identify opportunities in the crypto market.
Investopedia
Investopedia is an online financial information website offering dictionary-like definitions and articles on various financial topics from professional writers. In addition, its educational section serves beginners. All content on Investopedia is free; however paid subscriptions for its Academy service may be purchased.
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LunarCrush
LunarCrush integrates blockchain, market, and social data to provide a fuller picture of the crypto landscape for traders. This enables traders to understand trends more clearly and make decisions based on community metrics – including developer activity, exchange inflows, price movement etc. For instance, surging social volume could signal an impending rally while heavy transactions might indicate impending decline.
LunarCrush collects over two million posts every day and analyzes them to provide cryptocurrency social metrics in various formats. Users can monitor each coin’s community growth with beautiful dashboards and real-time data analysis, while LunarCrush’s unique wallet tracking feature notifies them whenever a transaction takes place in their wallets allowing them to quickly detect any issues and prevent theft.
Santiment
For successful trading decisions, data-driven metrics are essential. With these tools in hand, traders and investors can make more informed decisions and discover potential investment opportunities such as crypto market analysis, news aggregation and social media monitoring. Santiment provides these tools specifically for traders and investors.
Sanbase, the company’s flagship product, holds information on over 900 cryptocurrencies and provides low-latency signals and custom market analysis to address information asymmetry within the cryptocurrency space.
Santiment’s new model enables users to view asset activity levels on one page, according to its website. “Hot” and “cold” tabs show whether tokens are active. Furthermore, volatility markers on graphs allow them to pinpoint price movement.
IntoTheBlock
IntoTheBlock uses data-driven analytics to provide detailed cryptocurrency analysis. Their platform gathers and processes information from blockchain networks, exchanges and social media in order to produce unique insights that help investors form investment strategies.
Intotheblock offers users a 7 day free trial without providing credit card details. After that, subscription costs $10 monthly which makes Intotheblock an affordable choice for most individual traders. Intotheblock also boasts blue-chip DeFi intelligence as well as over 260 indicators with on-chain data support.
IntoTheBlock’s blockchain intelligence capability helps users create intelligent investment strategies and maximize their crypto portfolios. Real-time analytics and market trends analysis allow investors to spot opportunities quickly. Furthermore, its user-friendly interface makes the tool accessible for individuals of different experience levels.
