The world of cryptocurrency is always moving. Prices constantly change, new tokens are released every minute, and all the noise can be frustrating. So, to trade the markets successfully, you need to have a clear picture. In other words, you need to Do Your Own Research (DYOR).
With the numerous tools out there, researching can be a hassle. Fear not. Our list of crypto research tools will help you streamline your research process and hopefully help increase your portfolio.
CoinGecko
CoinGecko is a popular research site among traders. The platform is one of the largest aggregators, monitoring 10,000+ projects and 500+ exchanges. What is more exciting is you can keep track of new tokens.
When you find a token that interests you, all you have to do is click. You will find everything about the coin from market cap, volume, price, supply, descriptions, and exchange listings, and you can stay in the loop on your mobile or desktop.
As Tim Morris, CEO of ForexMT4Indicators.com, notes, "CoinGecko's comprehensive data and real-time updates give me a solid foundation to evaluate coins."
CoinMarketCal
It is great to have information on data like the price of a token, but in crypto, events typically affect price. With CoinMarketCal, you can see the calendar for major crypto events and capitalize on the opportunities they present.
The platform is built on a community–focused framework. Members of the community post events that they think can strongly affect price and these events are voted on. This way, only significant events make it to the calendar.
DEXTools
DEXTools is another powerful crypto research tool and can be used by both professional and beginner traders. The platform provides real-time information on price action and is a great place to find trending projects and new meme coins.
Some more advanced features of the platform are liquidity monitoring, real-time graphics of crypto transactions, and tracking of profitable wallets.
CryptoQuant
CryptoQuant is another site with a lot of information on just about any coin from, Bitcoin, Ethereum, Stablecoins, and other altcoins. The platform gives users vital metrics such as on-chain data and market data.
Another enjoyable feature of CryptoQuant is the access traders have to blockchain data. It shows important info like how much crypto is moving in and out of exchanges. This helps traders spot trends and predict market moves.
CoinDesk
When it comes to detailed blockchain and Web3 news, CoinDesk is undoubtedly one of our favorites. The platform was founded in 2013 and now has amassed 5 million monthly web visitors, making it one of the most visited sites for crypto enthusiasts.
The platform provides customers with all the necessary tools to succeed from news and insights to live-streaming TV, podcasts, and frequent research reports.
Messari
If you are looking for game-changing data, tools, and research by vetted analysts, then Messari is the platform. On the user`s dashboard, you can find details of the price of tokens, market cap, volume, and supply of a coin. This feature is customizable, so beginners and pros can find important data.
Messari stands out with its detailed research reports. The team delivers impeccable research on the state of different cryptocurrencies that users can get quarterly.
Banter Bubbles
Conducting market research can be daunting but Banter Bubbles is changing that with its “bubbly” design. The platform represents the market chart with interactive bubbles. When users click the bubble of a coin, they can see information such as volume, price, market cap, and more.
One powerful feature of the platform is its ability to detect trends and patterns. Users simply have to observe the movements of bubbles over time to gain insights into market volatility, emerging trends, and potential investment moves.
Santiment
Santiment is one of the must-have crypto research tools for traders and with good reason. The platform offers in-depth market data on over 2000+ different projects alongside market movements, alerts, and social momentum. However, we should point out that the data available to users may not be beginner-friendly.
If you want to get your hands dirty with data, the platform comes with an SQL query feature that helps extract data from the blockchain. Plus, the social tracker functionality allows you to find out what people are talking about on Telegram, X, and Reddit.
IntoTheBlock
Now if you're into decentralized finance, IntoTheBlock is the perfect tool. From Uniswap to Compound, users can access data on hot Defi protocols.
What's more? IntoTheBlock gives its users hourly predictions of market movement, which is fairly accurate on most coins. However, we strongly recommend users to complement these predictions with their research.
CoinMarketCap:
This list wouldn't be complete without Coinmarketcap and rightfully so. Since its founding in May 2013, Brandon Chez's CoinMarketCap has quickly become a leading platform for providing market data and metrics.
Umair Majeed, CEO of Datics AI, emphasizes the significance of CoinMarketCap in evaluating cryptocurrency value.
"The approval of reliable data sources like CoinMarketCap has been a game-changer for cryptocurrency research," Majeed notes. "With its comprehensive market data, CoinMarketCap empowers investors to make informed decisions and navigate the complex cryptocurrency landscape."
Some of the core features of CoinMarketCap are its real-time price tracking, customizable data analytics, and transparent data sources. These features enable investors to assess cryptocurrency value, identify trends, and capitalize on emerging opportunities.
"While cryptocurrency markets remain volatile, CoinMarketCap's data provides a foundation for strategic decision-making," Majeed adds.
Nansen
While IntoTheBlock is a great tool for blue chip Defi investors, Nansen is perfect for lovers of Non-fungible Tokens (NFTs). The platform allows you to set alerts when new NFTs are minted, so you can capitalize on those opportunities.
Nansen acts like your very own James Bond. You can spy on Whale wallets to see when they buy or sell an NFT, and this information gives you a chance to catch opportunities early.
Wrap up
Now you have it: our top 10 crypto research tools for traders. It's time for you to give it a try and improve your chances of making successful predictions.
Frequently Asked Questions
What is the best Crypto Research tool?
Each tool has its uniqueness. Some are great for Defi, NFTs, news, or new tokens. So, there is no single great tool for everything. Banter Bubbles provides market data in a fun and easy-to-use interface. DEXTool helps you to find new coins, and Nansen is a tool for NFT lovers.
How do I research before investing?
You should have basic knowledge of the token first. Look up the whitepaper and have an understanding of what the project stands for or a problem it tries to solve. Next, use any of the listed tools to get data on sentiments about the project, supply volume, market capitalization, and more. These steps would give a head start.
Is CoinMarketCal suitable for both beginner and professional crypto traders?
CoinMarketCal is suitable for both beginner and professional crypto traders. Crypto events are displayed in a user-friendly manner, making it accessible to beginners.
