Today’s market is filled with thousands of cryptocurrencies. However, not all of these cryptocurrencies are good for investments, so you cannot invest in every coin that comes your way. Nowadays, every stock in the market features some basics to help you understand if it is worth investing in the stock. And this is the same case with cryptocurrencies, as they also have some fundamentals that are analyzable. Why? Because it is not advisable to invest your hard-earned money into some asset without proper research.
So, as a 2022 investor, it would help to look at tools for your crypto research service to aid in your informed investment decision-making, as discussed below.
Glassnode is an intelligence and blockchain data provider that creates on-chain tools and metrics for digital asset stakeholders. This cryptocurrency research tool gathers information from several blockchains and generates meaningful information. This necessitates time commitments, high operational costs and comprehensive infrastructure of tools, databases and experienced data scientists.
lunarCrush is among the most dependable social media provider in the cryptocurrency market. This crypto research tool uses multiple great items like machine learning and artificial intelligence to organize different cryptocurrencies’ information, interpret it and make sense of it. And this process includes assembling information for social engagement, Twitter activity, link popularity, Reddit, Google search volume, news activity and much more. The tool aggregates all this information to offer you an excellent overview of the social sentiment for various crypto projects.
Messari is a crypto research tool and an ideal platform for collecting data and analyzing charts that enable investors to make superior investment decisions. The platform offers a screener that investors can apply to sort coin information via personalized filters. With such a screener, you can look out for the coin metrics, including market cap, price, trading volume, and categories in one single window. You can use the free Messari platform access, but you can opt for its premium version if you intend to use advanced versions.
Coin Metrics’ founding in 2017 as an open-source project was to establish the economic significance of public blockchains. Nowadays, this platform has enormously expanded on its original purpose, hoping to empower more individuals to make informed crypto-financial decisions. Coin Metrics platform allows you to access more than 300+ metrics and 100 assets. This way, you can quickly and conveniently determine market trends by assessing almost all charts.
When analyzing the crypto market and locating those data-driven opportunities, you can significantly benefit from Santiment. This cryptocurrency platform merges on-chain social and development information for more than 900 projects. It then delivers this data to you in a way that you can easily digest and interpret. Therefore, one method of using Santiment is to assist you in spotting X’s opportunities.
CoinGecko is a crypto ranking website that offers investors an all-rounded overview of cryptocurrencies. It is among the most prominent information collectors that use the market cap to mark cryptocurrency prices. This tool serves the crypto market’s in-comprehensive analysis while also providing market statistics for Reddit, Facebook, Twitter and much more.
Any crypto investor needs to use crypto research tools. But before investing your hard-earned bucks in a particular cryptocurrency project, familiarize yourself with several of the above platforms. With these tools, you will have an insight into the price movements of any project involving cryptocurrency.