7 Best Crypto Research Tools You Must Have as an Investor

Biswap
4 min readSep 26, 2023

In the dynamic world of cryptocurrency investing, research is the key to success. As the cryptocurrency market continues to grow and evolve in a very volatile way, knowing which tools and resources are reliable for research has become more important than ever. In this article, we’ll look at the 7 best cryptocurrency research tools that every investor should have in their arsenal and go over some of the practicalities of using each of them. These tools go beyond just tracking prices; they empower investors with the knowledge and insights necessary to make sound investment decisions in an ever-evolving market.

1. CoinMarketCap

CoinMarketCap stands as a cornerstone for any crypto user or investor. This platform provides real-time data on cryptocurrency prices, market capitalization, trading volumes, and historical charts. Tracking the performance of your favorite coins or tokens and discovering new ones becomes effortless with CoinMarketCap.

To leverage CoinMarketCap for in-depth research, you can:

  • explore historical data to identify price trends and patterns;
  • compare different cryptocurrencies using the “Compare” feature;
  • set up alerts to receive notifications when your target coin hits a specific price.

2. CoinGecko

CoinGecko is another invaluable resource for crypto research. It offers comprehensive data on cryptocurrencies, including market data, developer activity, community engagement, and more. CoinGecko’s unique feature, the “Gecko Score,” helps you evaluate the overall health of a cryptocurrency project.

To harness CoinGecko’s potential, investors can:

  • utilize the “Coins” section to find trending coins and tokens;
  • access historical data and charts for detailed analysis;
  • review the “Developer” and “Social” tabs to gauge project activity and support.

3. Crypto X (Twitter) and Social Media

Social media platforms, especially Crypto X (Twitter), play a significant role in keeping investors updated on crypto trends. Crypto X is home to influential figures, crypto projects, and news outlets. By following the right accounts and hashtags, you can gain valuable insights into market sentiment and breaking news.

Here are some tips for curating a beneficial crypto X feed:

  • follow respected crypto influencers and analysts;
  • stay updated on project announcements and partnerships;
  • engage in discussions and join crypto communities to expand your knowledge.

4. Crypto News Aggregators

Crypto news aggregators like Cointelegraph, BSCNews and others are your go-to sources for staying informed. They compile news articles, press releases, and analysis from various sources, providing a one-stop platform for all your crypto news needs.

To efficiently consume crypto news, consider these strategies:

  • use filters and categories to narrow down your focus;
  • subscribe to newsletters for curated daily or weekly updates;
  • verify information by cross-referencing multiple sources before making decisions.

5. Coin-specific Wallets

When you hold specific cryptocurrencies, having dedicated wallets is essential. Such wallets offer security and convenience tailored to the respective coins.

Benefits of coin-specific wallets include:

  • enhanced security for your holdings;
  • access to coin-specific features and updates;
  • easy management of multiple coin wallets in one place.

6. Portfolio Tracking Apps

Effective portfolio management is crucial for crypto investors. Portfolio tracking apps simplify the process by allowing you to monitor your holdings across various exchanges and wallets. They provide real-time price updates and can calculate your overall portfolio value.

To stay on top of your investments, you can:

  • add multiple wallets and exchanges to your portfolio tracker;
  • set price alerts for your target buy or sell prices;
  • analyze your portfolio’s performance over time.

7. ICO/Token Sale Research Platforms

Before investing in ICOs or tokens, thorough research is a must. Special platforms offer insights into upcoming and ongoing token sales. You can access whitepapers, team information, and community reviews to make informed decisions.

Factors to consider when researching ICOs include:

  • project vision, goals, and scalability.
  • team experience and transparency.
  • community support and feedback.

Conclusion

Cryptocurrency investing has undergone a remarkable transformation in recent years. What once started as a niche market has now become a global phenomenon, drawing the attention of investors from all walks of life. Success in this domain hinges on knowledge and access to the right tools. The 7 essential crypto research tools discussed in this article are indispensable for investors looking to navigate this exciting yet volatile market.

In an environment where every decision counts, these tools offer you the ability to make well-informed investment choices and stay ahead of the curve. They empower you to uncover hidden opportunities, manage your portfolio effectively, and remain updated on market trends and developments.

As the cryptocurrency market continues to evolve, it is essential to adapt and stay informed. Embrace these tools, explore their advanced features, and leverage their insights to enhance your crypto investment strategy. By doing so, you position yourself for success in the thrilling world of cryptocurrencies.

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