10 Best Cryptocurrency Tools for Every Investor

Dealing with the cryptocurrency landscape can be challenging. The technology is complex, and market shifts can be abrupt. The crypto market as a whole can be quite complicated, but using the right crypto tools can help you deal with it better. These tools, ranging from software applications to platforms, are tailored to aid traders and investors in the crypto market. They offer diverse functions, from managing assets to analyzing market data, allowing users to make informed decisions and refine their trading strategies. While they won’t guarantee profits, these tools can certainly improve your investment approach. In this article, we’ll explore some of the best cryptocurrency tools that cater to all kinds of investors. Let’s have a look:

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TradingView

Whether you’re a beginner or an experienced crypto trader, TradingView is a tool you must have in your arsenal. It’s a widely utilized charting platform that offers real-time market data, advanced charting tools, and social trading features.

This tool offers various technical analysis indicators and drawing tools, allowing traders to analyze market trends and make well-informed decisions. TradingView goes also allows users to share their trading ideas and analyses, nurturing a collaborative community of traders. This feature lets you discover what other people say about your favorite crypto and helps you acquire new charting ideas.

With its extensive charting capabilities and social features, TradingView stands out as a go-to tool for crypto traders. Amid the plethora of charting tools available, TradingView remains the most accessible, making it an ideal choice, especially for beginners.

CoinMarketCap

Another essential tool for any crypto investor is CoinMarketCap. It stands as one of the most recognized and widely used cryptocurrency market data platforms, delivering real-time data on thousands of cryptocurrencies. This includes prices, market capitalization, tokenomics, trading volumes, and more.

CoinMarketCap goes beyond data, offering additional features like a news feed, educational resources, CMC Lab, and a portfolio tracker. It allows users to compare exchanges and different cryptocurrencies conveniently. With its extensive coverage and user-friendly interface, CoinMarketCap is another top tool for crypto investors and traders.

Token Metrics

Token Metrics is a crypto research and analysis platform powered by advanced technology. It provides users with a suite of tools and insights that help them navigate the cryptocurrency world better. Using advanced machine learning and artificial intelligence, this platform evaluates market data to offer accurate predictions and forecasts for various cryptocurrencies.

In addition to predictive analytics, Token Metrics offers a range of technical analysis tools. These include customizable indicators and real-time charts that allow investors and traders to make well-informed decisions based on market trends and insights.

Furthermore, Token Metrics offers a vast collection of educational resources, including webinars, tutorials, and market research reports. These resources ensure users are equipped with the latest knowledge and developments in the crypto space.

Koinly

Koinly is a no-nonsense crypto tax tool that removes the headache of calculating and reporting taxes on your crypto investments. Supporting a whopping 6,000+ cryptocurrencies, Koinly links up with popular exchanges and wallets to import all your transaction data smoothly.

Why does it stand out? Well, Koinly is not an ordinary crypto tool. It gives you spot-on tax calculations, capital gains, income, and gift reports; it is basically the whole deal. And when it comes to filing, it’s a walk in the park with tax reports in various formats. Koinly, with its user-friendly interface and top-notch tax features, is a go-to for crypto investors. If you want to make tackling crypto taxes easier, Koinly is your best friend.

Token Terminal

Token Terminal is a straightforward platform for extracting financial data from blockchains and decentralized applications. This platform breaks down the data into easy-to-understand financial metrics. This simplification helps users get a clear grip on a cryptocurrency’s performance and where it is headed next. Think of it like stock evaluation, where Token Terminal provides familiar metrics, like the price-to-earnings ratio, offering investors valuable insights into the cryptocurrency’s financial standing.

With Token Terminal, you can assess a cryptocurrency’s performance from various angles, including its total revenue and protocol-generated revenue. Dive into critical financial indicators like the price-to-sales ratio and price-to-earnings ratio, and you’ll get a comprehensive view of the cryptocurrency’s market performance. It’s all about making crypto data understandable and accessible.

Glassnode

Glassnode is a premier research tool focused on blockchain analytics and offers invaluable insights into cryptocurrencies. Beyond being just a data hub, Glassnode also acts as a crypto research site, providing comprehensive on-chain data and insights.

Glassnode is a suite of analysis tools and metrics that drive better results across various fields, from quantitative trading to exchange risk management and research. It enhances clarity and credibility, offering users actionable insights through charting tools and personalized dashboards for discovering trading signals.

With Glassnode, you can easily track technical indicators and conduct thorough crypto analysis to stay ahead of market trends. Also, the platform regularly publishes market intelligence reports, delving deep into on-chain trends and market dynamics.

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CoinPanda

Coinpanda is another handy cryptocurrency tax platform that makes the difficult task of calculating and reporting crypto transactions easier. The aim of this app is to cut down on taxes, boost profits, and save you time and money. Coinpanda walks you through a simple three-step process: import transactions, preview capital gains, and generate the report.

Why choose it? Well, the whole deal takes just around 20 minutes. With support for 800+ exchanges and wallets across 65 countries, covering 50,000+ cryptocurrencies and 240+ blockchains, Coinpanda offers comprehensive insights. The personal dashboard gives you a clear snapshot of your portfolio’s value and performance, tracking gains and losses effortlessly over time.

CryptoCompare

CryptoCompare stands as a go-to platform for real-time market data and price analysis. It offers more than just the basics, providing a range of features like a profitability calculator for mining, a wallet tracker, performance benchmarking tools, educational resources, and a news aggregator pulling crypto news from various online sources.

This toolkit makes CryptoCompare valuable for both experienced investors and curious newcomers. Whether you’re well-versed in market dynamics or just starting to explore the crypto world, CryptoCompare can help you get ahead and stay up to date with the latest happenings.

DefiLlama

DefiLlama is a leading platform that gives users a deep dive into the decentralized finance (DeFi) market. Tracking a wide range of DeFi projects, the platform provides detailed insights into each protocol’s Total Value Locked (TVL), price, trading volume, and other key metrics. On top of that, it offers real-time data on top DeFi protocols, letting users monitor performance, view portfolio composition, and assess risk exposure. Its friendly user interface and advanced analytics tool make it a top tool for any crypto investor.

LunarCrush

LunarCrush tackles the challenge of sorting through social media platforms, offering real-time insights into the sentiments of numerous crypto investors and traders.

Amidst the constant chatter on social media, LunarCrush stands out by extracting meaningful signals and drowning the noise. This allows users to uncover valuable insights without having to dig through meaningless social media posts. With LunarCrush, users can also explore a coin’s social cues, including the volume of discussions, level of engagement, and its prominence within social conversations.

If you are someone who is struggling to keep an eye on all the social media happenings, LunarCrush could be an excellent tool for you.

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Conclusion:

To sum it up, these tools stand as crucial assets for every crypto investor. They cut through the information clutter, offer valuable insights for informed decisions, and enhance confidence in steering the unpredictable crypto market. All these tools offer something in different aspects. While some will help you manage your time better, others will help you with charting and analysis. You can give them all a try and see which one is the most useful for you. Happy trading!

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