The world of cryptocurrency is enormous and has taken the world by storm. Nearly 7,000 types of cryptocurrencies are officially listed in the Coin Market Cap, which has triggered interest in new investors. Many people have jumped into this financial world and started venturing into new possibilities to earn money and become a trader/investor. You can visit bitindexai top for more information.
However, blindly investing in cryptocurrency is not a good idea. A person has to check the data, gather information about who is already investing, and see the future predictions. For this, the financial crypto giants have created some tools that can help you even if you are a novice. These tools will give you good insight and help build a good portfolio.
Here are the top crypto research tools that are highly valuable and great for better decisions.
1. Total locked value: TVL
The first tool that is valuable among most crypto traders is Total Locked Value. Investors use the TVL to calculate funds deposited in the DEFI network. These funds are then used for various platforms such as liquidity pools, staking, lending, and currencies.
TVL also indicates the overall health of the DEFI market. It helps the investors look at the projects worth investing in. Hence, if the TVL is increasing for a particular project, the investor must invest in it. This way, the investor can earn added benefits and returns.
You can calculate TVL by simply multiplying it in USD. It will show the actual value of the asset. Remember, TVL will not indicate loans or deposit return value; check the DEFI market for this factor.
2. Lunar Crush
Lunar crush is another tool that is popular among crypto investors. This tool gathers information from various social media platforms and combines it to create crypt data. Then you can analyze the data to determine whether the projects are worth investing in.
Moreover, when you learn how to use the tool, you will see that the tool gives real-time insights into social dominance, key market metrics and the volume of the different cryptocurrencies.
Messari is an excellent tool to navigate crypto and web3 series. It is a data analytics-based tool that organizes and contextualizes crypto information to its users, especially investors worldwide.
This way, you can analyze and research at the same time while staying updated on the crypto information. Furthermore, you can make timely decisions and actions if you want to invest in any cryptocurrency-related project. Many companies use Messari for their clients to stay updated and invest on a better note.
One of the most well-known websites that track cryptocurrency prices based on the market cap is CoinGecko. A site similar to the Bitcoin Trading Platform, which supports over 10,000 cryptocurrencies, also disseminates information about current cryptocurrency prices.
In addition to displaying cryptocurrency prices, the platform has features that give consumers information about the cryptocurrency market. Additionally, it provides extra features to give customers a thorough picture of a certain cryptocurrency.
CoinTree is a well-known cryptocurrency exchange company based in Australia. Here, the investors can buy all types of cryptocurrencies with local money to turn them into assets. It is prevalent in Australia, and many investors are turning to this digital marketplace.
The primary aim of CoinTree was to initiate blockchain technology and provide easy access to digital currencies, especially for ordinary people. At present, it has secured a considerable position in Australia and has also grasped the attention of investors worldwide.
The features of CoinTree include high security, transparent quotes, global trading rates, multiple digital currencies, instantly accessible for all, and user-friendly and advanced customer support.
6. Coin Metrics
One of the platforms offering a variety of analytical tools to assist customers in making decisions regarding cryptocurrencies is Coin Metrics. Users of the platform have complete access to more than 400 metrics and 100 assets. Users can register and download all of the metrics from the extensions for use.
If you are interested in investing in crypto-based projects to earn some profitable returns, use these tools to get started. Besides, there is no harm in studying before investing as it will save time, money, and possible frauds that happen anywhere in the world.