What a wild year it has been for crypto. With over 15,000 cryptocurrencies made since Bitcoin was launched, not all of them are good investments.
2021 has seen massive price fluctuations in the prices of bitcoin, ethereum, ripple, and other top crypto coins. Just like stocks have some fundamentals which assist you in deciding whether or not it is worth investing in. Similarly, Cryptocurrencies are governed by some basics that can be analyzed for refining your crypto research before investing. Being an investor, you must look into cryptocurrency research tools to make informed investment decisions.
Let us look at the best crypto research tools, which you may use before you plan to invest in cryptocurrency:
TradingView is by far the most popular charting and analysis tool used by cryptocurrency traders around the world. It supports extensively detailed crypto charts, for those who want access to advanced features and/or real-time data. Recently, the platform has integrated its toolset with the most popular crypto exchanges around the world. This makes their results very impressive. The online charting tools are open for both free as well as pro users. Free accounts are limited to three technical indicators and overlays per chart whereas the premium account costs around $60 per month.
CoinGecko is the biggest data accumulator, which tracks cryptocurrency rates by the market cap. It provides the analysis of the crypto market in a simple to use platform. CoinGecko also tracks open-source code development, major events, and on-chain metrics. Additionally, it also offers crypto portfolio management tools so crypto traders can manage their cryptocurrency. CoinGecko is free for those who require a 360-overview on the crypto markets, but for those looking for an edge in the crypto market, it has a premium membership also which costs around $100 annually.
Glassnode is a blockchain data and intelligence provider that generates innovative on-chain metrics for digital asset stakeholders. Their free dashboard includes information such as address activity, circulating supply, trading volume, number of transactions, miners, and transaction fees. Their advanced membership is $29 per month and $799 per month for the professional membership which is for most advanced futures data for experienced investors and professionals.
Messari is for advanced traders that provides a deeper look into the market through data analysis. Messari’s most useful functions such as the screener, charting, watchlist, research, and filter tool across more than 100 metrics and classifications costs around $25 a month. With features such as a screener, investors can look out for the coin metrics (price, market cap, categories, trading volume, etc) in one single window.
CoinMarketCal is for those proactive traders in cryptocurrencies who wish to keep themselves updated on all the major updates of different coins. You can search the coin in CoinMarketCal and it will bring up all the listed events for the selected period with just a few clicks. The platform is a crypto calendar that updates you about all the upcoming events of different coins. The platform incorporates different community-driven crypto forums and evidence-based sources that let people add important crypto events. On being added, the events go through a verification process.