Top 10 Best Crypto Research Tools Every Investor Needs

The Top 10 Crypto Research Tools Every Investor Needs
The Top 10 Crypto Research Tools Every Investor Needs

With more than 23,000 cryptocurrencies presently listed on CoinMarketCap, cryptocurrencies have taken the world by storm. Beginner investors are now interested in this. While it may be tempting to enter the cryptocurrency world without enough understanding out of a fear of losing out, doing so is perilous in any situation, but it is more risky if you have no concept how to research and analyze cryptocurrencies.

You can obtain the data required to make an informed investing decision with the correct crypto research tools.

10 Essential Crypto Research Tools for Novice Traders

Crypto research tools can help you lower your risk and improve your chances of keeping ahead of the curve whether you’re a novice or have been investing in cryptocurrencies for some time. Here are the top 10 research tools you can use to hone your inquiry before making a cryptocurrency investment.

  1. Glassnode
  2. Santiment
  3. Coin Metrics
  4. Coin Dance
  5. CoinGecko
  6. LunarCrush
  7. Messari
  8. CoinMarketCal
  9. CryptoMiso
  10. Coinbase One

1. Glassnode

As an on-chain data and intelligence platform, Glassnode collects information from numerous blockchains in order to precisely gauge the activity of the crypto network and then uses that information to provide metrics and investment insights. With Glassnode, you can examine market indicators for any coin and see how many active addresses have completed successful transactions. The platform also offers price information and enables you to download data and set alarms.

Free 24-hour updates to “Tier 1” data are available through Glassnode. There are two premium subscription options that provide extra layers of data and more frequently updated information. They are $29 per month and $799 per month, both paid annually.

2. Santiment

Another crypto research tool that merits attention is Santiment. Similar to Glassnode, Santiment offers on-chain, social media, and financial data on around 2,000 cryptocurrencies, enabling you to forecast any cryptocurrency’s price movement.

The app also provides behavioral reports and fundamental insights so you can remain on top of impending events. Additionally, you can set up alerts on Santiment to receive notifications whenever the social volume of a currency you’re tracking increases.

Essential measures supplied with a 30-day lag allow retail crypto investors, especially beginners, to gain a sense of the market. This makes them a valuable tool for learning what the metrics are and how to use them, but not at all effective as an investing decision-making tool.

The Pro version, which costs $44 a month when paid annually, offers market insights, alerts, complete access to a screener, and current data. Pro+ offers extra metrics and historical data, as well as the ability to backtest trading strategies, create trade signals, and create trading bots. It costs $225 per month, invoiced annually. For a little bit more money, you may sign up for Pro or Pro+ on a month-to-month basis.

3. Coin Metrics

To assist you in making knowledgeable cryptocurrency decisions, Coin Metrics offers financial intelligence about cryptocurrencies as well as market statistics, indexes, network data, and other analysis tools. With the Network Data Pro package, you may access more than 400 metrics, including cutting-edge ones like realized cap and free float supply.

Using the network data visualization tool from Coin Metrics, you can add metrics to your chart and then download it in several file formats.

On its website, Coin Metrics doesn’t include a price list. To learn about pricing and how to receive the API key required to view Pro stats, you must submit a contact request.

4. Coin Dance

You might want to check out Coin Dance, a bitcoin research tool with a lot of data. Hash rates, network nodes, fees, block sizes, and mining breakdowns are just a few of the several variables that the platform keeps track of. To view the global adoption of cryptocurrencies, you can also sort the data by nation.

You may view other top-level statistics using Coin Dance, including those related to blockchain, price history, search volume, market capitalizations, demographics, and more. Because the platform is user-driven, users can vote on whether the data provided by the community is accurate.

5. CoinGecko

While CoinMarketCap is undoubtedly a name you are already acquainted with, CoinGecko may not be. One of the biggest data collectors for tracking cryptocurrency values by market cap is CoinGecko. View real-time price fluctuations for more than 11,000 coins on more than 600 cryptocurrency exchanges.

The tool offers a thorough study of the cryptocurrency industry in addition to tracking and measuring coins and tokens by market size and exchanges by trading volume.

With CoinGecko, you may take use of a variety of other beneficial services at no cost to gain a comprehensive understanding of a specific cryptocurrency. The website also offers a vast library of manuals and other instructional resources. Premium accounts come with advanced features and cost $41.66 per month when purchased annually.

6. LunarCrush

A social intelligence tool called LunarCrush collects data from social networks to determine investor sentiment in addition to market activity and transaction data. One need only consider how the simple mention of bitcoin and dogecoin by social influencers resulted in significant price swings in 2021 and 2022 to comprehend the impact of mood on cryptocurrencies.

You can follow the influencers, coins, and exchanges that most interest you using LunarCrush, which offers real-time insight into who those influencers are.

The most complete platform features, information, and prizes are only available to community contributors on LunarCrush. In exchange for real-time alerts, on-chain portfolio indicators, and other tools, as well as a 5% annual percentage yield on their assets, LunarCrush Pro members stake, or hold, 2,000 lnr on the platform.

7. Messari

A cryptocurrency data aggregator called Messari has a ton of useful tools for chart analysis that help you make smarter trading decisions. You can utilize its screener to tailor your research on different coins using a variety of variables, including volatility, volume, liquidity, and market cap.

A minimal set of features, including the screener, a watchlist, research reports, and fundamental quarterly reports, are available with Messari’s free use. However, if you want to get the most of this cryptocurrency research tool, you may subscribe to Messari Pro for $29.00 per month with no minimum membership, or $24.99 per month paid annually.

The Pro subscription offers sophisticated screening, graphing, and watchlist functions in addition to daily insights and long-form research. You can download data to a spreadsheet using Pro as well.

8. CoinMarketCal

The cryptocurrency market is a booming economy that generates several market events that could have an impact on price changes. As a result, if you don’t use crypto research tools like CoinMarketCal, it is impossible to stay up to date on occurrences in the cryptocurrency industry.

A cryptocurrency calendar called CoinMarketCal keeps you informed of all impending coin-related events. The platform combines community-driven and evidence-based frameworks, allowing users to input crypto events that are then verified. happenings that are real receive more upvotes than happenings that appear to be phony.

Simply search the coin on the platform if you’re interested in certain developments that you believe will probably have an impact on a given cryptocurrency price, for instance. You can quickly view every event listed for the chosen time period by making a few clicks.

9. CryptoMiso

Without researching the progress of a certain coin, investing in cryptocurrencies is probably not a good idea because you risk funding a failed venture. Cryptocurrencies are software protocols, thus if they are not developed, maintained, and improved upon, they may eventually expire.

As a result, it’s critical to monitor the progress of specific crypto initiatives. They are fairly simple to follow on Github, but you can’t follow every cryptocurrency individually, which is why you need a cryptocurrency research tool like CryptoMiso.

In order to rank cryptocurrencies, CryptoMiso looks at activity on Github. Based on the most popular repository, you may view the number of commits a specific crypto project has made during a specific time period. For instance, according to platform development, as of March 16, bitcoin was the tenth most valuable cryptocurrency.

10. Coinbase One

A recently launched premium trading service for people called Coinbase One is now accepting new subscribers. Even though Messari Pro is not a traditional research tool, customers benefit from features including $0 trading fees, discounted stake rates for yielding assets, round-the-clock phone support, and a 90-day free trial. Free trial subscription for 30 days. The cost is $29.99 per month moving forward.

Conclusion

Any investor should have access to cryptocurrency research tools. Learn how to use one or two tools before investing your money in a certain bitcoin project. You will gain understanding of price changes for any cryptocurrency project with these tools.

It can be intimidating to use any of these tools for the first time, but once you get the hang of it, you’ll be able to make the best possible investing decisions.

FAQs

Which one is the best crypto research website?

Coinbase One is the top research resource for qualified novices. Since subscriptions are free for 30 days, it’s a nice opportunity to try something out without having to pay any cash. Additionally, take a look at CoinGecko’s free edition. Without overwhelming you with charts and statistics you don’t yet comprehend, it contains a lot of information to get you started.
Messari or Coin Metrics, which both offer robust analysis tools, are better choices for seasoned investors.

What is the best way to research cryptocurrency?

The easiest method to learn about cryptocurrencies is to start with the fundamentals, like what CoinGecko or CoinMarketCap provide. After you have a basic understanding of what cryptocurrencies are and how they operate, you can graduate to a more sophisticated tool, such as LunarCrush, to gain additional knowledge before engaging in serious analysis with tools like Messari, Coin Metrics, and Glassnode.

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