Cryptocurrency is an emerging trend for quite some time and has taken the world by storm due to high returns on investments. Therefore, many investors are grabbing this opportunity and are getting involved deeper with this game. However, with continuous market dynamics, investing in cryptocurrency is more like a challenge.
Fortunately, there are many powerful tools that can be used to analyze market trends and can monitor your investments. These tools foresee the future coin potential and track the constant price fluctuations that result in providing accurate crypto analysis and forecast. In this blog, we will review the top 6 crypto analysis tools. So, let’s get ready to explore the best tools for crypto analysis.
6 Best Crypto Analysis Tools: Every Investor Should Check Out!
1. CoinMarketCap
CoinMarketCap can provide you with all the information required to analyze your crypto investments. You can make a free account and can check on the present and future prices in the crypto market. This tool has the following benefits:
- Provide the user with real-time market data that include price charts, historical data, trading data & volume.
Deliver the most reliable technical analysis including moving averages, that particularly includes RSI and MACD which help investors to identify market trends, opportunities, and growth. - The portfolio tracking tool will track your wallet and exchanges to monitor your cryptocurrency holding performance in real-time.
- CoinMarketCap will give you the latest market news and insights. It facilitates informed decision-making by providing its users with expert opinions.
- This tool performs risk analysis which gives in-depth details about volatility analysis and presents risk-free ratios that help users to identify and eliminate potential threats.
CoinMarketCap has five types of pricing plans:
- Basic is free.
- Hobbyist is for $ 35 per month and is billed annually for $ 29 per month.
- The startup plan is for commercial use that costs around $ 95 per month and is annually billed for $ 79 per month.
- The standard plan is $ 375 per month, as per the annual plan, the cost per month is $ 299.
- Professional is for $ 895 per month and $ 699 per month in the annual plan.
- Enterprise offers customized services.
2. CryptoCompare
CryptoCompare is the most frequently used tool and has been in the industry for a long time. This tool not only tracks your performance and portfolio but will provide you with knowledge about new developments in the crypto industry. It has a number of features that includes:
- Providing a wide range of market data including trade data, order book data, blockchain data, social data, and historical data.
- It has reliable endpoints that are around 180 million requests per hour at peak times (25 billion per month).
- Ensures the fastest data delivery as it has multiple servers across several data centers.
- CryptoCompare has a high-build infrastructure that assists each customer’s request.
- Ensures user security.
CryptoCompare pricing plan is listed below:
- The personal plan is free to use.
- The corporate plan is designed for small and medium-sized organizations. It has an advanced crypto data solution that fulfills clients’ needs and demands. The monthly package costs around $ 379.99 per month. However, if you choose the yearly plan, that is approximately $ 349.99 per month.
- The enterprise plan offers a customized crypto data solution with unlimited data access, that is suitable for large-scale organizations. This plan allows a free trial so clients can test their services and tools.
3. Glassnode Studio
Glassnode Studio gives market insights and tracks portfolio performance that can help you to make a crypto investment:
- It has the most amazing financial market indicators for Bitcoin, Ethereum, and top cryptocurrencies.
- Provides metric guides, insightful articles, and thorough research that help users to learn and make data-driven decisions.
- It has a reliable API to facilitate on-chain transactions and exchange balances.
It has the following pricing plan:
- Standard is free to use, it provides market metrics that are useful for industry spectators and retail investors.
- Advanced is the most popular pricing plan. It is designed for traders and investors as it has the latest market indicators that forecast the future potential of crypto investments. If you subscribe to the monthly plan, it will cost around $ 39 per month. Whereas you can save 25% in the annual plan, which is $ 29 per month.
- The professional plan is only available on an annual basis and is for $ 799 per month.
- The institutional plan has advanced Glassnode features and is shaped to fulfill the demands of large-scale organizations.
4. BingX
BingX won the “ Best Exchange Broker” award from trading view in 2021. It offers excellent customer support to its clients and is valuable in many ways:
- BingX Academy helps users to learn and explore the world of crypto. This will increase your knowledge and will make you an expert in crypto trading.
- It has articles, videos, a beginner’s guide, and API documentation to help customers learn more about cryptocurrency.
- It deals in spot, derivatives, copy trading, and grid trading services.
BingX pricing is categorized as follows:
- Standard futures fee rates
- Perpetual futures fee rates
- Spot trading fees
- Conversion fees
- Withdrawal fees
You can visit their website to know more about their pricing.
5. CryptoMiso
CryptoMiso tracks the progress and development of various cryptocurrency projects, based on their code development activity on GitHub.
- CryptoMiso tracks the GitHub activity of various cryptocurrencies based on the number of commits made to their repositories over the past 90 days. It also ranks cryptocurrency based on its ranking.
- It provides market data about a particular cryptocurrency that includes its market capitalization, price, and trading volume. Moreover, it gives a competitive analysis of a cryptocurrency by allowing users to view the market data of every other cryptocurrency.
- It facilitates users with a deep understanding of historical data regarding all cryptocurrencies.
- CryptoMiso provides users with all real-time updates on the GitHub activity of cryptocurrencies. This allows users to monitor the activity of a particular cryptocurrency’s Github repository in real-time.
- You can filter out a cryptocurrency base on its rank, market capitalization, and technology that includes blockchain or DAG.
- It keeps its customers updated with the latest news and trends in crypto.
There is no pricing information available for CyptoMiso, but you can avail of the free version or free trial to know more about its services.
6. TradingView
TradingView is a valuable tool for crypto investors. It not only provides market insights but has the ability to track a wide range of cryptocurrencies and offer unique charting tools that spot emerging investment opportunities, analyze trends, and give a visualization of the crypto market.
- It offers 12 types of charts that are highly customizable. Some of these are Renko, Kagi, and Point & Figure.
- It is a user-friendly platform that allows users to easily navigate and find relevant information.
- It offers a large range of indicators, tools, templates, and other services.
- The most famous indicator of TradingView is the Super Trend indicator which helps investors to decide if they should invest or not.
- TradingView technical indicators are categorized as Volatility, Trend, Momentum, Reversal, and Volume.
- It is the most active social network where the crypto community shares its ideas and insights.
The TradingView platform offers three pricing plans. With the annual plan, users receive a 16% discount, which is equivalent to getting two months free. Even with the monthly plan, users can take advantage of a 30-day free trial.
- Pro is $14.95 per month, whereas if you choose the annual plan, you only have to pay $12.95 per month.
- Pro+ is $29.95 per month, but with the annual plan, the cost is only $24.95 per month.
- The Premium plan costs $59.95 per month, but if you choose the annual plan, the cost per month is reduced to $49.95.
Conclusion
This blog covers the most powerful crypto analysis tools that help to determine the investment potential in the crypto market and will reveal future crypto investment opportunities. These tools provide a complete analysis of the market trends and inform users about the market dynamics of the crypto industry.
Moreover, these tools are valuable for everyone, be it a beginner or an experienced investor. These crypto analysis tools, starting from CoinMarketCap to TradingView have a list of comprehensive features that perform technical analysis and provide users with real-time data, maximizing the return on investment.
FAQs (Frequently Asked Questions)
Q1 What are the 4 types of cryptocurrency?
- Payment Cryptocurrencies
- Tokens
- Stablecoins
- Central Bank Digital Currencies
Q2 Which analysis is best for crypto?
CoinMarketCap is one of the best platforms for crypto analysis as it provides real-time data on cryptocurrency prices, market capitalization, and trading volume. Additionally, it has a news section that provides updates on the latest trends in the cryptocurrency market
Q3 Where can I analyze crypto?
Listed below are some of the technical tools and indicators that can be used to trade cryptocurrencies:
- Candlestick Chart
- Support and Resistance
- Trend Lines
- Moving Average
- Relative Strength Index (RSI)
- Bollinger Bands
Q4 What are the three types of analysis in crypto?
The three types of cryptocurrency analysis are :
- Fundamental
- Technical
- On-Chain Analysis