Trading and investing involve two broad forms of analysis: qualitative and quantitative. The former typically relies on personal beliefs or gut instinct, while quantitative analysis relies on statistical data analysis.
Coinmarketcap and TradingView are among the most well-known crypto trading analysis websites, providing extensive technical analysis tools. In addition, TradingView features a social element where community members publish their trading strategies and commentary.
Coinmarketcap
Coinmarketcap was founded by Brandon Chez in New York City in 2013 to provide cryptocurrency prices, trading volume and market capitalization information. Additionally, Coinmarketcap provides users with news and insights via its user-friendly website as well as API access so they can pull data easily while also benefiting from an extensive documentation guide to assist their use.
The home page displays key cryptocurrency details including price, change in 24 hours, 24-hour highs and lows, trading volume and graph depicting its price movement over seven days. Furthermore, there is also a list of exchanges where that particular coin may be purchased.
Listing on CoinMarketCap gives crypto projects greater exposure and can open up greater liquidity opportunities, while simultaneously improving their image and credibility in their community. Furthermore, listing can reduce uncertainty when purchasing coins; plus there’s even an entire section dedicated to news and insights!
TradingView
TradingView is an intuitive charting and analytics tool. With real-time data available from over 50 worldwide exchanges and extended hours trading hours, TradingView features many features designed to assist traders. In addition, users can share ideas and trading strategies through its social feature.
The platform enables investors and traders to research stocks, indices, bonds, commodities and other securities with ease. It features technical indicators and charts which are invaluable tools for newcomers while its extensive library of trading algorithms allows automated trades.
TradingView offers an expansive array of tools, but proficiency alone isn’t sufficient for reliable profits. Beginners should familiarize themselves with basic technical analysis before purchasing signals or “expert advisors”. A simple online search should reveal vendors with proven performance histories.
IntoTheBlock
Intotheblock is a unique data analytics tool designed to give you the power to make informed decisions in the crypto market. The platform is intuitive and aesthetically appealing, offering features tailored for beginners as well as experienced blockchain enthusiasts – such as high-quality market data, low latency signals, custom market watches, alerts and a variety of chart layouts. Plus it comes with a 7 day free trial without needing a credit card and individual investor accounts!
IntoTheBlock provides fundamental analyses for over 500 crypto assets, including on-chain metrics. This data allows investors to quickly identify opportunities in the crypto market. Analyzing token holder distribution may give insights into future price movements or indicate whether an asset is attracting new investors or losing popularity.
Another useful metric is funding rate, which quantifies what proportion of total funds invested are placed into long positions and short ones respectively. A positive funding rate indicates more long positions being held open while negative funding rates indicate an increase in short positions.
CoinMarketCal
Coinmarketcal provides a solution to two of the key problems that afflicted early crypto calendars: data accuracy and manipulation. Through its community-driven framework, anyone can add events, which go through an auditing voting verification process to remove content that doesn’t belong – ensuring only significant crypto events make their way onto Coinmarketcal for voting verification, saving users time while making their experience more productive.
This site also offers an e-newsletter, providing investors with regular updates on significant crypto market developments such as airdrops, mainnet launches, and exchange listings that could result in significant increases to token values.
This site provides both an individual and developer version that are free for individual use, as well as an API which Dapp developers can utilize. Users may subscribe for an annual plan which provides notifications of new events via email as well as options to filter events by coins, categories and exchanges to stay informed and make smart trading decisions.
