Top 10 Crypto Analysis Tools That Will Make Your Life Simpler
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In the last 10 years, cryptocurrencies have slowly but boldly been making their way into the mainstream. They’ve created a fundamental shift in the way people see and perceive value, and this has made them an incredibly lucrative investment.
The crypto space has grown with massive communities of supporters surrounding individual projects, with everyone always racing to get the latest information, from long-term believers in the space to speculators and traders.
Crypto enthusiasts have continuously been working on developing and improving their crypto analysis tools because they understand that information is crucial to their success.
With the help of the right crypto analysis tools, anyone can get a competitive advantage over everyone and reach market-shifting information in the crucial moments when it truly matters.
Whether you're…
- A beginner in the crypto space who wants to find the latest relevant news about your favorite projects
- A crypto trader looking for crypto data analysis tools that help them find and close better trades
- A seasoned investor who wants to get deep insights into projects to promote better decision-making
This article will introduce you to the 10 top crypto analysis tools that will ease your journey in navigating the complex world of cryptocurrencies.
How Can Crypto Analysis Tools Help You in Your Crypto Journey?
Make Better Investment Decisions
More (useful) data means better risk management.
Whether you are looking for overall data about a specific crypto project or you’re into advanced technical analysis, the right analytics tool can help you make better decisions on what (and when) to buy, sell, and hold. Some tools can provide you with detailed chart patterns and other technical indicators.
Others will give you a bird’s eye view of projects and their place in the market. There’s a tool out there to help anyone in the crypto space find the information they need.
Stay Up to Date With the Latest News
With real-time data and live news feeds constantly helping the right information reach you at the right time, analytics tools can be a staple in the arsenal of every crypto enthusiast, beginner or advanced.
What’s more, certain tools offer you the ability to set your own price alerts and get notified, helping you be more prepared for sudden changes in the market.
More Transparency for Crypto Projects
Crypto analytics tools can provide you, the user, with important insights about the overall status, health, and activity of a given digital asset or blockchain network. When more information is constantly shared throughout communities, this helps promote greater transparency and ultimately builds more trust in the crypto industry.
They’ll Make Your Journey Smoother and Easier
The amount of information crypto enthusiasts have to learn to stay up to date with everything crypto is overwhelming. Using blockchain analysis tools will simplify the entire process of finding and understanding the right info, and it will make it much easier for you to do any type of research, whether it’s on a token, a smart contract, or a blockchain.
10 Crypto Analysis Tools That Will Help You on Your Journey Into Crypto and web3
#1 Messari
Messari offers data, tools, and research and serves as an online database for the crypto industry. It provides insights into different aspects of crypto projects, including team members, treasury information, tokenomics, communication links, and more.
The company aims to promote transparency and better decision-making throughout the crypto space. It equips users on an individual and corporate level with research reports, review articles, news updates, and important intel fit inside comprehensive dashboards.
Messari is a must for people who are building their own coin research and want to gain an edge with pro-grade technical tools and research.
It’s a great resource to have whether you’re a beginner trying to navigate the crypto market or a seasoned pro who wants to get the latest insights into specific projects.
#2 Coin Dance
Coin Dance is a Bitcoin dynamic analysis tool backed by a lot of data. The platform keeps track of a variety of on-chain activity metrics such as hash rates, network nodes, block sizes, mining breakdowns, and so much more. It’s most often used by Bitcoin supporters who want to track specific industry analytics over time.
With Coin Dance, you’ll be able to get some of the most sophisticated top-level statistics covering blockchain, search volumes, demographics, and more. The platform is entirely community-driven, and users vote and vouch for the validity of information.
Additionally, users can sort available data based on country and see how Bitcoin is performing on a global and local level. The possibilities here are endless as key locations can be monitored to gain rare insights into market performance.
#3 CryptoQuant
CryptoQuant is a high-grade analytics tool that offers visual charts of just about every aspect of the cryptocurrency market. While we won’t go in-depth about its wide variety of features, let’s go over how CryptoQuant can be beneficial to you.
CryptoQuant helps you get vital information about the new flows of exchanges. This means you can get a pretty good sense of whether the overall trend in the market is buying or selling. If exchanges are increasing their net flow, this may lead investors to think that markets will drop as users sell their crypto on an exchange.
Using this tool will help you identify key metrics that you need to follow in your research, and then keep you up to date with the latest information about those metrics.
#4 DeFiLlama
DefiLlama has become the number-one source for users who want to gain information about Total Value Locked (TVL) numbers. These are most often blockchain users interacting with DeFi protocols and bridging over different blockchains.
The blockchain data platform gathers data from over 100 different chains and puts that TVL data inside easy-to-understand visuals. They value the TVL metric because it’s a vital indicator when evaluating DeFi protocols (and even blockchains themselves.)
Protocols that build trust and awareness in the market usually see their TVL go up. Naturally, this means TVL can be used as a gauge of the trust users have in a particular protocol.
DefiLlama puts all TVL info inside an intuitive dashboard, allowing you to browse blockchains, protocols, airdrops, and much more.
As of the time of writing, DeFiLlama tracks over 2,000 protocols and over 100 different blockchains.
#5 CoinMarketCal
CoinMarketCal is a tool you can use to get info about market events that could possibly affect price movements. It works as an intuitive calendar that includes updates about upcoming events related to blockchain projects.
The platform has a community-focused framework. Users can add their own events, undergo a verification process, and put their events in front of the community.
Overall, CoinMarketCal is a great research tool where you can explore listed events in the crypto space and keep track of new events in real time.
Overall, CoinMarketCal is a great research tool where you can explore listed events in the crypto space and keep track of new events in real time.
#6 Dune Analytics
Dune Analytics is an advanced crypto data platform that can be useful to anyone who wants to get real-time information about the Ethereum blockchain. Dune Analytics can help you analyze a particular smart contract via SQL queries. This allows you to visualize certain information inside dashboards.
It works as a library of data about the Ethereum blockchain where users can compile their own findings and share crucial information with each other. There are tons of ready-to-go dashboards that help you gain insights into specific sectors of the crypto market (APRs or daily volume of certain projects, top token purchases, total DeFi users over time, NFT floor trackers, and countless more.)
Anyone can start creating their own queries, compile data inside dashboards, and share it with other members of the community.
It’s a must for anyone who is curious about learning new data on crypto and wants to find a reliable place where data compiled by people is easily visualized inside dashboards (and constantly updated.)
#7 DEXTools
DEXTools provides real-time insights into crypto assets. It’s a powerful analytics tool that leverages the native data of the Uniswap and Sushiswap DEXs. In the future, it plans to connect to more decentralized cryptocurrency exchanges and grow its network allowing for more data to be utilized by users.
DEXTools offers a set of key features that both beginner and pro traders can leverage to improve their trading strategies. Using the platform, you can quickly:
- Discover new trending tokens and digital assets
- Track the movement of your favorite trading pairs
- Follow the most popular swaps
- Interact with particular crypto wallets
- Keep a record of a token’s live price
Some of its other advanced features include fundamental analysis and technical analysis tools. These include liquidity monitoring, trending pools, and even real-time graphics about crypto transactions and pair movements.
By using DEXTools, you’ll also have the option to research and follow specific wallets on the blockchain, giving you the ability to track activity in real time.
#8. Nansen
If you’re a crypto enthusiast, investor, or trader, you’ve likely heard of Nansen. It’s one of the most popular analytical tools crypto users have at their disposal when it comes to analysis of on-chain data.
But the platform isn’t just useful to crypto pros – any newbie can use Nansen to get an overall better view of the market situation and make smarter, more informed decisions.
With Nansen, data is presented to you inside dashboards and SQL queries that are easy to navigate and interact with. This data is fed directly through the most popular blockchains. These include Ethereum, Polygon, BSC (Binance Smart Chain,) and others.
Nansen also helps you get key information about fund movement and discover various market trends in the digital asset space before anyone else notices them.
#9. Cryptowatch
Cryptowatch is a technical analysis tool that has core features for both beginner and advanced traders. It’s owned by the leading crypto exchange Kraken.
The platform allows its users to scan the prices of digital currencies, track market movement, and even place a trade on a specific exchange. If you’re a trader that likes to trade on short time frames, Cryptowatch will make your life a lot easier.
Not only will it feed you live data from over 800 exchanges, but you’ll also be able to design your dashboard based on the charts you truly want to see.
Overall, Cryptowatch can be an extremely powerful tool in the hands of the right trader or investor.
#10. UniWhales
Crypto traders who want to track the activity of whales can do so via UniWhales, a platform giving you real-time cryptocurrency transaction hash data that lets you know when specific wallets are making big trades.
Analyzing a specific address will give you an abundance of insight into that specific wallet, their activity, their assets, and even the individual tokens they hold.
The platform is also community-driven, with the UniWhales DAO and the community surrounding it doing an amazing job at curating the right information so experienced traders and investors like you can make better decisions.
Conclusion
When you’re trying to find the right crypto tools to help you trade, invest, and manage your digital assets with ease, it can be easy to get lost in the variety of cryptocurrency analysis tools right there.
Blockchain technology itself helps make data much more accessible, allowing for the creation of these crypto trading tools and analytical tools that track different metrics and market updates.
With on-chain data constantly available, you can see who buys what (and when,) learn about the buyer profiles of different tokens, identify on-chain data trends, and get that competitive edge you’re really looking for.
Leveraging the crypto tools in this list, depending on what data you need, will help you conduct better analysis and make smarter decisions in the future. Finding those right tools can be one of the most important steps of your journey into crypto investing – why not make it the first?
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