Crypto trading can be an exciting and profitable adventure, but to maximize success and minimize risks it’s essential that you use reliable tools. They will allow you to make informed decisions while reducing risks as well as saving both time and money in the process.
Crypto tools can serve a number of functions, from mining and event tracking to market data aggregation and identifying profit opportunities.
CoinGecko
CoinGecko provides an outstanding resource for cryptocurrency users of all levels, whether novices or veterans alike. This website contains an abundance of data on cryptocurrencies – their prices, trading volumes and mechanisms for tracking portfolios and calculating wealth gains.
CoinGecko’s team of developers are continually innovating their services. With their mission of “democratizing access to crypto data” and providing users with actionable insights, their actions speak louder than words – in 2019, for instance, they unveiled a Trust Score system as one way of combatting fake exchange volumes.
CoinGecko allows users to search by hashing algorithms, mining pools and platforms – making it easy to compare and select their ideal coin for their portfolio. You can even view market capitalization in USD or another fiat currency! Alternatively you can search by name or use filters such as security or volatility to narrow your results down even further.
Coinmarketcap
Coinmarketcap keeps up with the ever-evolving world of cryptocurrency by keeping abreast of their movements, tracking investments, and providing any news that may impact a cryptocurrency’s price. Furthermore, Coinmarketcap features top cryptos as well as in-depth analyses from experts.
Coinmarketcap makes searching for cryptocurrency easy. Just click on its page and view useful details such as its current price in various fiat currencies, historical trends, and an opportunity analysis report for any crypto that interests you.
Navigating to ‘Gainers and Losers’ provides you with a useful feature for reducing uncertainty when purchasing cryptos. Furthermore, this site boasts an extensive learning section offering articles, videos, quizzes, exchange listings calendars for initial coin offerings (ICOs), community feeds etc to further assist with understanding this complex market.
Shrimpy
Shrimpy is a cryptocurrency trading platform that enables users to develop custom crypto indexes and automate rebalancing, as well as backtest their strategies against prior market data and assess potential performance. With an intuitive user experience designed for novice as well as experienced traders alike, Shrimpy provides users with everything needed for cryptocurrency investing.
Shrimpy offers several layers of security measures to safeguard user accounts, from IP whitelisting and two-step authentication to developer APIs and exchange integration, providing seamless access to crypto portfolios.
To get started, just sign up for either a free HODLER account or premium one and connect your crypto exchange accounts to Shrimpy. Next, choose an investment strategy and customize your portfolio parameters – once complete, let Shrimpy monitor your investments and rebalance them regularly to keep risk levels consistent.
Glassnode
Glassnode is a data analytics platform offering blockchain market data and insights for cryptocurrency investors, traders, researchers, and analysts. The platform aims to bring clarity to an otherwise opaque cryptocurrency market by dissecting adoption rates, participant behavior patterns and supply dynamics. Its intuitive interface enables users to track cryptocurrency movement while its tools help assess profitability levels of digital assets while determining market sentiment overall.
Glassnode features an extensive metric catalog that explains each on-chain metric and crypto financial indicator in depth, accessible within its studio environment and enabling users to easily search for specific metrics. Furthermore, Glassnode also offers an API which developers can utilize in their applications for using historical and real-time blockchain market data from Glassnode.
The company takes numerous security precautions to safeguard user data, including an encryption process, two-factor authentication (2FA), and regular audits. They also adhere to industry standards and regulations in order to safeguard customer privacy.
