Crypto investing can be rewarding if done right. If you wish to invest in crypto however, you need to do your research well, and make decisions based on knowledge. You may have heard of the phrase “Do your own research.”
This phrase has never been more important than it is today, because there are many new crypto projects coming up that promise much reward. There are also many scams coming up as well, making the industry more dangerous than it ever was.
For you to do proper research and come up with the best decisions on which assets to invest in and when, you’ll need essential tools to both do your research and conduct analysis. There are a number of tools that you can use to accomplish this.
In this guide, we discuss the best of such tools that you can take advantage of to do research and analysis of the space so that you can make the best investment decisions.
Coin Market Cap (CMC)
Anyone who is interested in cryptocurrencies has heard of CMC. If you search “cryptocurrency price” in your web browser, it is the first thing you’ll see at the top of the page. As a result, the website seems very casual to the average crypto person, but it is a goldmine of information.
On CMC, you’ll find all cryptocurrencies listed in order of market capitalization size starting with Bitcoin. You’ll also see the price performance of the assets in the last 24 hours and in the last seven days, giving you an idea of its most recent performance.
If you click on any of the assets, you’ll see more information on the project, the idea behind it, the founders etc. You’ll also see the complete price history of the asset and the list of exchanges where it is listed and the available trading pairs on each exchange in addition to so much other information that you’ll find helpful in deciding on which asset to invest in.
Messari
Messari is a leading crypto analysis tool that is known for its comprehensive and reliable data. You can lay your hands on real-time price updates, historical data, or even in-depth research reports through this platform. Messari takes transparency and accuracy very seriously, which is what makes it reliable.
If you’re an investor or trader looking to make data-driven investing decisions, Messari will be a great companion for you. Even crypto newbies will find this platform useful, because it also provides rich educational materials that can help anyone get to understand the crypto industry better.
Glassnode
Glassnode is a leader in the world of on-chain data analysis. Through this on-chain analytics, the platform arms its users with information, giving them insights beyond just mere price and trading data.
The platform tracks and analyzes a wide range of on-chain metrics, such as the number of active addresses, transaction volumes, and network hash rates. This gives users valuable information on the health and performance of a project, both past and present.
You’ll be able to effectively identify opportunities and risks in any project with this information, helping you to make the right investment decisions. Its simple user interface makes it easy for anyone to easily interpret the data even if they have no idea of data analysis.
TradingView
As the name implies, TradingView is a crypto analysis platform for traders. It has a community of experienced traders who provide charts and information on many crypto assets, especially as it concerns trading decisions. Apart from this, it is also a training field for intending traders.
It has a paper trading platform that allows traders to test their strategies before they commence trading with their real funds. You’ll find customizable charts, an immense range of technical indicators, and intuitive drawing tools and everything you need for excellent technical analysis on this platform.
Conclusion
Are you looking for reliable information to help you make the right investment or trading decisions? Check out these platforms to get started, as they provide all the information you need to start out on your journey.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
