Cryptocurrency is taking the world by storm. There are over 21,000 cryptocurrencies listed on CoinMarketCap. This has attracted new investors who are interested in the industry. It’s a popular investment, especially among younger investors. Because of this, it is tempting to jump into the crypto world without enough knowledge. So here are listed top Crypto research tools for crypto investors.
Investing in cryptocurrency can be risky. This is especially true if you don’t know how to analyze and research cryptos. With the right tools for crypto research, you can get the information you need in order to make informed investment decisions.
Top 10 Crypto ResearchTools for Beginner Investors
Crypto research tools are great for anyone, beginner or experienced investor. They can reduce risk and help you stay ahead of the curve. These are 10 cryptocurrency research tools to help you refine your research before investing in crypto.
Messari provides a data aggregator for cryptocurrency with lots of useful tools that allow you to analyze charts and make better trading decisions. The screener has many filters such as price, sector, and market cap You can use them to customize your research on different coins.
Messari can be used for free. If you are looking to make the most of this crypto research tool, Messari Pro can be upgraded for $24.99 per month, paid annually, or $29.00 per month with no minimum subscription.
Pro Membership provides daily insights, long-form research, and advanced screening, charting, and watchlist features. Pro membership allows you to download data to a spreadsheet.
Also read: Top 10 Crypto Trading Bots in 2022
Glassnode provides an on-chain intelligence and data platform. It collects data from many blockchains in order to measure the activity of crypto networks and then uses this data to provide insights and metrics to investors. Glassnode allows you to view market indicators for any cryptocurrency and see the number of addresses that have successfully transacted. You can also access price data, set alerts, and download data from the platform.
Glassnode gives you free access to Tier 1 data, which is updated every 24 hours. Paid subscriptions cost $29 per month or $799 per year and offer additional data tiers and frequently updated information.
LunarCrush uses social media data to analyze market activity and investor sentiment. One need only look at the impact of sentiment on crypto. The mere mention of Bitcoin or Dogecoin has triggered huge price swings in the past year. LunarCrush gives you real-time insights into the influencers and allows you to track the exchanges, coins, and influencers that are most important to you.
LunarCrush offers the best platform features, data, and rewards for those who give back to the community. You can unlock these perks by contributing lunar, the platform’s token.
4. Coin Metrics
Coin Metrics provides cryptocurrency financial intelligence, market and network data, as well as other analysis tools that can help you make informed decisions about crypto. You can access more than 100 assets and 400+ metrics through the platform, including new ones such as realized cap and free float supply.
After you have added metrics to your chart with Coin Metrics’ network visualization tool, it is possible to download it in various extensions.
Coin Metrics does not list prices on its website. To get pricing information or to find out how to obtain the API key required to access Pro metrics, you will need to submit a contact request.
Santiment is another cryptocurrency research tool that is worth a closer look at. Santiment, like Glassnode, provides financial, social, and on-chain data on nearly 2,000 cryptocurrencies. This allows you to predict the price movements of any cryptocurrency.
You can also access behavioral reports and fundamental insights to keep you ahead of any developments. You can also set up alerts to receive updates when a coin you are following experiences a spike in social volume.
For $44 per month, retail crypto investors (including beginners) can get a sense of the market with essential metrics on the flagship platform. This price is billed annually. SanAPI accounts are available for quants and developers at $149 per month. This includes historical data, backtesting strategies, building trading signals, and developing trading bots.
CoinMarketCap is something you’ve heard of, but CoinGecko may be something new to you. CoinGecko, one of the most popular data aggregators, tracks cryptocurrency prices by the stock market. Live price changes can be viewed for more than 12,000 coins as well as over 500 cryptocurrency exchanges.
The platform offers a detailed analysis of the cryptocurrency market, including the ability to track and measure coins and tokens by market capitalization and exchanges by trading volumes. CoinGecko provides statistics for Facebook and Twitter as well as Reddit information.
You can also take advantage of many other helpful features that CoinGecko offers for free to gain a comprehensive overview of any cryptocurrency. Premium accounts cost $41.66 monthly and are billed annually. They include advanced features and an ad-free experience.
Also read: Top 10 Crypto Wallets for 2022
The crypto industry is a vibrant economy that brings about a lot of market events that could affect price movements. It is difficult to monitor events in the crypto world without using crypto research tools such as CoinMarketCal.
CoinMarketCal provides updates about all future events that involve coins. It uses evidence-based and community-driven platforms to allow people to add crypto events that are later verified. Upvotes are given to real events, and downvotes for fake ones.
You can search for a particular coin on the platform if you are interested in specific events that could have an impact on a certain crypto price. In just a few clicks you can see all of the events listed for the chosen period.
8. Coin Dance
Coin Dance can be used to research bitcoins. It tracks many metrics such as hard rates, network node fees, block sizes, and mining breakdowns. To see the global progress of crypto adoption, you can also sort data by country.
You can also view other top-level stats such as blockchain price history, search volume, and market capitalizations. Coin Dance offers many options, including demographics. Users can vote on the legitimacy of the information provided by the community.
It is a bad idea to invest in cryptocurrency without verifying the development of any particular coin. It is possible to invest in a dead project. Cryptocurrencies are software protocols that can be abandoned if not developed, maintained and improved.
It is crucial to track the progress of particular crypto projects. It’s possible to track all of them on Github, but it won’t allow you to keep track of each cryptocurrency individually. This is why you need a tool like CryptoMiso.
CryptoMiso ranks cryptocurrency based on Github activity. Based on the most used repository, you can see how many commits a crypto project has made in a given time period. As an example, bitcoin was ranked seventh in terms of platform development.
10. Skew/Coinbase Prime
SkewAnalytics is a great choice if you are interested in derivatives and cryptos. This data analytics tool combines information from top derivative exchanges such as Bybit, OKEx, and Binance to create a single screen. You can find a lot of useful data on the platform.
Coinbase bought Skew last summer and made it part of Coinbase Prime. Coinbase Prime offers secure storage, advanced trading capabilities, and client services in many time zones.
Skew will be no longer available as of September 25. Skew users will be able to create a Coinbase Prime account free of charge.
Takeaway — Top Crypto Research Tools
Investors need to be familiar with crypto research tools. You should familiarize yourself with at least one tool before you invest your money in a specific cryptocurrency project. These tools will provide insight into price movements for any cryptocurrency project.