Cryptocurrency trading is among the fastest-growing financial investments. But due to its highly volatile nature, making wise investment decisions requires expert analysis.
Cryptocurrency trading analysis websites provide data-driven insights and price predictions for digital assets, while some even include social media trends and sentiment analysis.
1. CoinMarketCap
CoinMarketCap, often dubbed the Wikipedia of crypto, tracks and ranks almost 11,000 different coins by market capitalisation. You can browse by category or search by name to quickly see who gained or lost out over the last 24 hours.
It offers links, price charts and historical data for every coin and token available for purchase. Clicking any cryptocurrency will take you directly to its dedicated page where further research can be conducted to reduce uncertainty when making purchasing decisions.
CoinMarketCap provides multiple methods of accessing market data, from free public API access and more in-depth professional data for institutional traders, to an exhaustive glossary with the latest crypto terminology – especially helpful for newcomers to the industry who may encounter unfamiliar terms while searching for information – not often seen elsewhere.
2. CryptoCompare
CryptoCompare is a company that offers high-quality cryptocurrency data. They also provide APIs so developers can use this trustable market information in their apps, and mobile apps for iOS and Android that enable users to monitor real-time crypto prices, add currencies to their watchlist, stay current on crypto news, manage multiple portfolios, as well as extensive technical analysis on each currency offered. They publish regular exchange reviews and benchmark studies; additionally they host an event known as CryptoCompare Digital Asset Summit London that brings professionals from the crypto and data analytics industries together!
CryptoCompare can be used for personal and noncommercial use without incurring a cost, while commercial users can subscribe for premium subscription services for between $80 to $200 monthly, choosing between various payment methods such as Bitcoin or Ethereum. For more information on this topic, visit CryptoCompare’s website which was established in 2014. It offers cryptocurrency indices.
3. TradingView
TradingView is an analysis tool used for tracking various assets and markets. Additionally, TradingView serves as an ideal place for traders to share trade strategies with others in the community.
TradingView provides an array of charts and indicators, such as trend lines, channels, support/resistance levels, chart patterns and Fibonacci retracements. Furthermore, annotation tools allow users to make notes directly onto charts while also drawing tools enable users to mark up charts with various shapes or text markings.
TradingView stands out from its rivals with its social networking component, enabling traders to interact and discuss market trends amongst each other. Furthermore, real-time data and customizable alerts are provided alongside real-time charts and Pine Script for custom indicator development – providing both novice and experienced traders alike a useful resource. Finally, TradingView also offers subscription plans tailored towards their trading needs.
4. CoinMarketCal
CoinMarketCal stands out from other centralized crypto news aggregators by using a decentralized platform to gather news. Anyone can add events, which undergo an independent verification process before appearing on CoinMarketCal’s site – this ensures that every event featured there is genuine.
This site also allows users to easily keep track of their portfolio by setting up push notifications that notify them when their investments have been affected by changes or when anything arises that requires their attention.
CoinMarketCal’s crypto calendar helps investors stay abreast of upcoming events that could impact their investments.
Hard forks and soft forks may cause price volatility, yet also create new opportunities. The platform also lists governance proposals to give users an opportunity to shape the future of their favorite projects; mainnet launches and exchange listings often lead to significant increases in token values.
