Best Crypto Tools For Research & Analysis In 2024
By:W, LeahAs we all know that any investment brings us with both opportunities and risks, especially for crypto trading, a a lucrative but risky venture. Through crypto trading, investors can easily earn generous profits by exchanging one digital currency for another. However, this kind of investment can also ruin your entire financial portfolio through your a wrong move.
Fortunately, there are large number of crypto analysis tools that can mitigate these risks and increase your chances of obtain massive return. With the help of crypto tools, investors can easily get access to real-time and historical market data, thus making better-well-informed trading decisions.
In this guide, we list the five best crypto analysis tools, which can cater to both newcomers and seasoned trader.
BTCC, one of the longest-running crypto exchanges in the world, supports trading for 300+ cryptocurrencies with leverage ranging from 1Χ to 225Χ. If you want to start trading cryptocurrencies, you can start by signing up for BTCC.
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Quick Navigation at the Best Crypto Tools in 2024
TradingView: Offering Advanced Charting Tools and Indicators for Technical Analysis
CoinMarketCap: Providing Accurate Real-time Price Data for Different Digital Assets
Messari: Offering Protocol Research and Comparative Analysis for Traders
Cryptowatch: Providing a Range of Charting Tools and Live Price Tracking
GlassNode: Offering Advanced Metrics for On-chain Data Analysis
The first best crypto analysis tool we list is TradingView, which is a versatile crypto analysis tool that covers various asset classes, including cryptocurrencies. With a philosophy of Look first / Then leap, TradingView is a popular charting platform and social network used by over 60 million traders and investors worldwide to spot opportunities across global markets.
What make TradingView one of the best crypto analytics platforms is its offering of live trading charts and technical indicators for digital assets and stocks. Besides, this platform is compatible with many crypto exchanges. What’s more, all TradingView users can get access to its over 100,000 community-built indicators on TradingView.
Furthermore, users are allowed to simulate real market conditions for testing their strategies. With TradingView, users can conduct cryptocurrency price analysis, thus make excellent trading performance in volatile crypto trading market.
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CoinMarketCap: Providing Accurate Real-time Price Data for Different Digital Assets
The second best crypto analysis tool we list is CoinMarketCap. In a simple and easy-to-understand manner, this crypto tool lists prices, market capitalization, trading volume, and other relevant information on various cryptocurrencies.
As an entity operating under global blockchain company Binance Capital Mgmt, CoinMarketCap can easily get access to extensive resources, thus acquiring more in-depth data about new projects and bring higher-quality information to its users.
Simply put, CoinMarketCap gains growing popularity from crypto enthusiasts by its offering of up-to-date information on the best NFTs and metaverse projects free of charge. Undoubtedly, CoinMarketCap has emerged as a top choice for investors looking for the best crypto analysis tools.
Messari: Offering Protocol Research and Comparative Analysis for Traders
The third best crypto analysis tool we introduce is Messari, which is a crypto tool dedicated to bringing transparency to the cryptoeconomy. This tool collects data from the markets and presents it to users in the form of charts and research reports. With Messari, users are able to filter assets, set up a watchlist, and analyze crypto data. Besides, users can get access to real-time market news and important events occurring in the crypto space on the platform.
Its intuitive platform might be a bit frightening for new crypto traders.However, it perfectly cater to experienced traders with its advanced features and seamless navigation experience. The most impressive feature of Messari is its offering of crypto reports, which provide the market condition of different cryptocurrencies in the form of quarterly reports or as analytical research papers.
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Cryptowatch: Providing a Range of Charting Tools and Live Price Tracking
Acquired By Kraken in 2021, Cryptowatch is a comprehensive analysis tool enabling its users get access to live crypto prices and order book data from over 800 exchanges. Users are able to know digital currency prices, analyze market trends, and even place trades on major exchanges through a single interface at Cryptowatch.
Cryptowatch is one of the favorite crypto analysis tools for short-term investors. It is available through both mobile and desktop devices. Through Cryptowatch, users can freely design their dashboard based on the crypto charting tools they prefer. However, users need to pay fees for getting access to core features, such as charting tools, trading, portfolio management, etc.
GlassNode: Offering Advanced Metrics for On-chain Data Analysis
The final crypto analysis tool we think is the best is Glassnode. Glassnode can offer blockchain metrics and other insights to crypto traders and investors through gathering and breaking down data from different blockchains. As one of the best crypto analysis tools for processing on-chain data, Glassnode allows its users to get access to market capitalization of cryptocurrencies and for how long investors are holding their assets on average, thus better evaluating the future prospects of a specific cryptocurrency.
Besides, users can easily dive deep into blockchain data metrics like liquidity and volatility on Glassnode’s user-friendly interface. Glassnode also presents its data in the form of charts and provides its users with the option to customize their dashboard based on their preferences. With these advanced features, more and more traders chose Glassnode in their trading journey.
＼Deposit and Receive Up to 10,055 USDT!／
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Conclusion
In summary, a useful crypto analysis tool is necessary in the process of crypto trading. With their respective unique advantages and powerful functions, TradingView, CoinMarketCap, Messari, Cryptowatch and Glassnode are listed as the best crypto tools for research and analysis in 2024.
Anyway, the most significant purpose of using crypto tools is obtaining first-hand information and staying ahead of the curve. However, as any investment carries with both opportunities and risks, all users are advised to do enough research before using any crypto tools and making any investment decisions.
Crypto Tools FAQs
Are Crypto Tools Safe?
Factors like reliability of the platform, user security procedures, and the actual characteristics of the instrument all affect how secure crypto tools are. Therefore, it is highly recommended to do enough research before making any cryptocurrency investments.
How Can Crypto Tools Save Your Money?
Crypto tools can save you money by offering you insights into market patterns, assisting with portfolio management, precisely computing taxes, offering substitute platforms, and cutting down on pointless fees.
How To Select Best Crypto Tools Save Your Money?
When evaluating crypto tools, it is suggested to consider and compare their services, user experience, security and customer support, payment gateways and charges, pricing and promotions, then based your investment habits and goals to select the most suitable and best crypto tools for your crypto research and analysis.
＼Deposit and Receive Up to 10,055 USDT!／
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