Analysis is an integral component of cryptocurrency trading, as it helps traders make informed decisions and anticipate market trends. Analysing cryptocurrency can help traders maximize profitability while mitigating some of the associated risks with this industry.
There are various kinds of crypto analysis tools, some free and others with subscription costs.
CoinDesk
CoinDesk is the leading news site in the cryptocurrency industry. Serving millions daily with actionable news and insights about crypto markets, blockchain technology and price indices; in addition, CoinDesk hosts its annual crypto/blockchain conference Consensus.
The website earns its income through advertising and fees for services provided, including the Consensus conference. As one of several publications covering cryptocurrency industry developments, Consensus conference stands out among others as being independent in nature and making no concessions to industries that help fund them financially – something many other publications might be accused of doing as well.
CoinDesk may find relief in its move to sell off from DCG as part of its financial pressures and frayed industry relationships. Such a sale would benefit CoinDesk as Genesis attempts to emerge from bankruptcy protection while DCG faces lawsuits from investors and creditors; potentially leading to more stable finances going forward for both. A group comprising blockchain investors Matthew Roszak of Tally Capital and Peter Vessenes from Capital6 may soon strike a deal for CoinDesk’s sale from DCG.
Investopedia
Investopedia is one of the web’s premier financial sites, attracting more than 11 million unique visitors per month. It features articles, a financial dictionary and free trading simulations created by Cory Janssen and Cory Wagner in 1999 with the goal of making hard-to-understand finance and investing terms easier to comprehend. Forbes Publishing purchased it in 2007 before selling to ValueClick later that same year; Dotdash Meredith now owns it.
Mack Wilowski serves as editor-in-chief for Investopedia’s News section, covering everything from financial markets and money management to terms of the day newsletter and New York City Economy Tracker. Prior to this position, he held senior producer status on NBC News; additionally he holds a degree in Business Administration from Seton Hall University.
Investopedia’s website is free of charge for most uses; only training courses cost money. However, online reviews indicate that customer support at the website may be subpar.
CoinMarketCal
Coinmarketcal is one of the premier platforms offering cryptocurrency enthusiasts and investors information about forthcoming events that may influence the market. With an intuitive user-friendly interface and comprehensive event listings, the site makes this information easily available.
Decentralized and community-driven, this platform is a reliable source of information. Users can submit events for inclusion, which are then approved or declined through an voting system – guaranteeing a website free from fake news and propaganda.
Additionally, this platform’s streamlined filtering system makes it simple to track events by coin, date and exchange. Furthermore, there is also a newsletter available which highlights key market trends and projects.
LunarCrush is another cryptocurrency analytics tool focused on social media sentiment analysis. Utilizing advanced algorithms, LunarCrush uses data collected from Twitter and Instagram accounts to track influencers by which digital assets they discuss; additionally it tracks NFT events such as token releases or exchange listing announcements.
TradingView
TradingView is an industry-standard analytical charting tool and social network designed for traders. Offering technical indicators and templates that users can apply directly to their charts, as well as adding fundamental data like revenue estimates, earnings per share estimates and cash flow metrics directly onto them, this charting platform has quickly become one of the premier analytical charting solutions around today.
Tradingview boasts over 30 million monthly users who exchange ideas and collaborate. Their ‘trade ideas’ section serves as a great resource for potential traders while their “follow ideas” feature allows you to keep tabs on other traders and their activities.
This website is an advanced investor’s go-to trading tool with an expansive set of tools and features for advanced investors. Though not intended as a replacement for professional trading software, it can assist in building comprehensive strategies and becoming successful traders. Unfortunately, though, they charge an ongoing subscription which has resulted in some negative reviews on Trustpilot.
