Cryptocurrency can be an exciting and rewarding endeavour, but it can also be time-consuming and confusing for those who are new to the space. To help navigate the crypto landscape and make the most of your investment, there are several tools that are a must-have for any crypto enthusiast. Here, we will highlight 7 of the most useful and user-friendly tools available for tracking, analysing, and making informed decisions in the crypto market.
1. CoinGecko
This is the biggest crypto database in the market, and it is an essential tool for anyone looking to stay informed about new and emerging cryptocurrencies. With a simple and intuitive interface, CoinGecko provides users with all the information they need to know about a particular coin, including its price, supply, history, and brief explanation. Whether you're just hearing about a new coin or want to track an existing one, CoinGecko makes it easy to get the information you need in less than a minute.
2. CoinMarketCal
Price movements in the crypto market are often driven by major events, news, and announcements. With CoinMarketCal, you can stay ahead of the curve by keeping track of all the upcoming listings, news releases, and upgrades for your favorite coins. The platform even allows you to filter and sort the information based on your preferences, giving you a huge edge when it comes to making informed trading decisions.
3. ICODrops
Some of the best opportunities in the crypto market happen before a coin is even released on the markets. ICODrops is an essential tool for anyone looking to get in on the ground floor of a new project, as it provides a list of all upcoming presales and tells you whether or not you can still participate. The platform also gives you a brief overview of the project, making it easy to decide whether or not it's worth investing in.
4. DefiLlama
As the DeFi (Decentralized Finance) space continues to grow, it's essential to have a tool that helps you keep track of all the different projects and platforms. DeFiLlama is one of the most popular DeFi tools on the market, and it allows users to look at the TVL (Total Value Locked) performance of every blockchain, as well as upcoming airdrops. This is a great way to identify the most active and promising projects in the DeFi space.
5. CoinTelegraph
Keeping up with all the top stories in the crypto market can be overwhelming, but Cointelegraph makes it easy. This news website is clean, simplistic, and well-written, making it a great resource for anyone looking to stay informed about the latest trends and developments in the crypto market.
6. TradingView and DEXToolsApp
If you're into technical analysis or just want to see the price history of a coin on a chart, then these two tools are a must-have. TradingView is a popular tool that supports popular assets, while DEXToolsApp is a newer tool that supports low-cap and lesser-known coins. Having both options available will give you a more complete picture of the crypto market.
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7. Our Crypto Talk
Our Crypto talk is a community hosting platform, exclusively for crypto traders and enthusiasts. It offers inbuilt features like trade analysis, real time market prices ,customisable watchlists and options to engage and grow outside of your existing community as well! They are solving the problems being faced while hosting paid communities such as relying on 3rd party payment confirmations, unauthorised access to paid groups and manual movement of people within groups which discord or telegram are not able to address in an effective way.
Here's an in-depth story behind how Our Crypto Talk was started.
There are many quality tools available for use, such as Token terminal, Lunarcrush, Messari, Cryptopanic, and more. However, I don't use all of these tools on a daily basis, and some of them are not free. In order to avoid tool overload, I choose to only use the tools that are considered "must haves" for my needs. Tell us in the comments which other tools you use!
If you are into crypto and looking to hold up discussions, join communities and network better with traders and crypto enthusiasts from all over the globe, you should definitely check out Our Crypto Talk.