Cryptos are the most sought after investments so far. Trending coins providing long term values and minor coins providing short term profits. Whatever the case, you can make a considerable amount of quick money by choosing to invest in the right crypto and, even more importantly, at the right time.
Are you someone who fancy crypto investments? Or someone who is planning to invest and just getting started? Or have you already spent and now looking to make big-time profits with crypto? Well, then you are in the right place.
Many people invest in crypto on a regular basis, some just trying their luck out on bitcoin because they heard it yields excellent profits or many of them putting their money in scam coins and losing a significant amount.
There are some winners, though, and what makes them stand apart is that they do their homework, they do technical analysis. There’s no need to worry if you don’t know any of it yet because we’ve got you covered. These tools help you analyze trends in pricings that further enables you to make accurate decisions based on data and not just any hoax or rumours.
In this segment, we will be sharing some of the best Cryptocurrency analysis tools and software that will help you reach the moon in no time. So let’s get right into it.
Best Cryptocurrency Analysis tools & Software
Here, we are going to focus on the Analysis aspect and not trading. Analysis of any crypto is quintessential before you dive into trading. Be smart and trade better by using the tools to predict, sustain, and grow your profits right from day one.
P.s You can use most of them for free
News Aggregator Platforms
Getting the right information is vital when you deal with cryptos. Let’s pick some of the best Crypto News aggregator platforms in your arsenal for easy profits.
1. CoinMarketCal
Ever wondered about how to identify rumours? Well, you have come across just the right tool. CoinMarketCal is a famous news aggregator that offers legit news that is community-driven and has data to back up the information. If you’re someone who wants to make about a quick 20% profit on any investments, then you absolutely need to refer them.
Information provided there is almost 90% accurate and can help you gain quick returns. It also holds the calendar of upcoming events, and it will alert you on what coins to look after in a particular period of time. They do this by analyzing the trends, news, and momentum of individual projects, which may help you gain more insights on how the market is responding at any given time span.
It provides you with time-line based evidence on your favourite cryptocurrency, and With such insights, you can be confident about putting your money in the right place. Apart from this, it keeps you engaged with all the happenings via its newsletter.
Also, make sure to check out their highlights section where you can get information on all the action that is about to happen based on the votes that users cast. Be sure to check the confidence percentage before making any decision, and you’ll be good to go.
Go to CoinMarketCal from here.
2. CryptoPanic
It is another cryptocurrency news aggregator platform. Many news websites keep circulating new content, and with lots of things taking place, it is quite challenging to keep track of everything out there that’s happening. So a simple solution would be to get every important news out there and put it together in one place.
Cryptopanic does the same thing. It collects relevant news of crypto, ICO, IEO, STO, from different sources such as coinspeaker, Cointelegraph, and social networks such as Reddit. This is bundled together in a simplified view. Furthermore, you can customize the news that you want to check on priority by filtering keywords, categories, and intent. They also let users evaluate the story. It is enabled by voting for a valuable piece of news.
They also offer a premium service where you can get instant alerts as an email regarding the cryptocurrency you choose. You can further add multiple RSS feeds and other sources such as subreddits and twitter.
Overall its an excellent crypto news utility tool that you must follow for valuable information. They also offer a portfolio where you can manually input the exchange values o let it fetch directly from the exchange that you trust your crypto with.
Go to CryptoPanic from here.
3. Bonus: Crypto Research Report
Claims are significant, and they become even more insightful when there is the right amount of data to back it up. One such platform that claims different things with the help of research is CrptoResearch Report. You get long quarterly reports on influential cryptocurrencies, their technical and non-technical analysis, growth and trading opportunities, and much more. Everything they do is backed by historical data of any particular coin in talk. it’s a must-read if you’re someone who is the horse of a long race.
Access Crypto Research Report from here.
Portfolio Tools
Portfolio trackers are the most used tools in the crypto industry. It helps you look after your assets and makes your decision cautious or bullish concerning the profits that you make.
1. CryptoCompare
It’s a crypto portfolio tool. Here you can track all your profits and loss that you incurred from the trades that you made over a certain period of time, or it can be your complete book of trades. For this, you need to know how many units you own of certain crypto, at what time did you purchased it and at what price. After that, the trading price and profit or loss percent must also be known. To monitor all these efficiently, you need a crypto portfolio tool.
With CryptoCompare, you can maintain your own portfolio. It also allows you to check out investment portfolios of other members as well. It will provide a clear idea of the valuation of the assets that you hold.
Get CryptoCompare from here.
2. Blockfolio
Blockfolio is another portfolio app that keeps an eye on over 3000+ coins and 100+ exchanges. It’s a mobile-only application available in AppStore and Playstore. It comes with an intuitive user interface, coupled with news and signals. One small downside with Blockfolio is that you need to manually put your investment details such as purchase quantity, profits, and loss percentage, etc. while this is also best in terms of security.
You can track your investments and have real-time alerts, updates, and notifications. You can even put custom alerts for any crypto that reaches an absolute value so that you can make a quick purchase. Furthermore, you can also connect your portfolio with a slack channel and get signals delivered right into your chat.
Get Blockfolio from AppStore | PlayStore.
3. eToro’s CryptoFund
This is an advanced, crypto portfolio management tool. It gives all the standard portfolio management features that everybody else has to offer. One exciting proposition that cryptofund comes along with is social interactions. You can talk with other investors and follow them. It also allows you to see their portfolios, and you can study what they are doing right now to skyrocket their profits.
The platform also offers a professional portfolio management solution. You can even set your portfolio to mimic their trade patterns and automate your own trading. This way, even if you don’t know what’s happening, you’re actually making money. It’s quite cool but risky at the same time. Do check the profiles and investment patterns of your fellow traders before following them.
Get eToro’s Cryptofund from here.
Analysis Tools
It is the core part of crypto trading. Without doing analysis, its a 90% chance you will lose big time. Let’s not play the game of luck and be sensible instead while making the investments by knowing the right scenarios, which in turn will lead to the correct decisions.
1. IntoTheBlock
Want to know exactly when to invest? Or want to know those times where there’s no need to panic and sell? Well, IntoTheBlock can do that for you. How may you ask? It does this by applying machine learning algorithms and advanced statistics to provide actionable intel on what step you must take at present on any of our crypto assets.
A short term or a long term investor can quickly analyze the data they provide, which can further prove to be a vital element while making tough decisions regarding the purchasing or selling of your crypto assets. Data-driven intelligence must always be considered relevant in front of some odd rumours or marketing gimmicks that occur now and then.
IntoTheBlock offers you a user-friendly dashboard where you can interact and select your desired cryptocurrency. Based on metrics such as Financial, network, Social, and Ownership, you will see what precisely the coin has to offer in the short or long term. The platform is free for everyone, and you can get started right away by creating an account.
Get IntoTheBlock from here.
2. CoinCheckUp
As the name suggests, CoinCheckUp is your go-to solution when you want to know more about a particular asset. Usually, before investing, you can do a complete checkup on the coin. It’s an integrated solution that helps you analyze cryptocurrencies thoroughly via the help of visual stimuli such as charts, graphs. It also covers coins stats by doing fundamental analysis, coin specs, investment stats, predictions, and news.
It gives fundamental analysis based on their algorithmic score, Investment analysis by historical performance data, and Github analysis by the undergoing development activity. All these are quite important to make predictions. It gives you a general idea of what investments can deliver what returns within 7-30 days of investing.
Get CoinCheckUp from here.
3. Dead Coins
Now it is really important not to get scammed. If you even google crypto scams, you’ll be shocked to see the nature of scams that usually happens in the crypto market. There is about 1000+ cryptocurrency in the market. With such an overwhelming figure, it is natural to get intimidated while selecting the right coin.
Dead Coins is a listing website where people list the experience they had with different coins. Generally, 90% of the time you’ll get to know that the coin is a scam, and its not even on blockchain. It’s just so scary to put money in the wrong asset.
Usually, whenever you come across andy ICO or a coin that you feel skeptical about, then you must get over to Dead Coins and check if it is listed there. If by chance, you find it on their list, then you must straightaway run from that coin as it can be a scam or the project could have been dead and no longer active.
Check out Dead Coins from here.
Conclusion
Cryptocurrency Analysis, if done from scratch, is time-consuming and might not even yield the results that make you rich. Choose any of the Cryptocurrency Analysis tools to boost your portfolio with lots of profits. Do let us know about the tool that you often used to gain more insights on trading scenarios in the comments section below.