Over the past few years, the crypto trading industry has grown exponentially. It is said to be one of the most popular investment platforms. As crypto is also volatile to market changes, it makes it one f the riskiest investment assets. Additionally, many new investors are plugging into the market without any prior knowledge or education. This is where crypto analysis tools play an important role for traders. This is why all the analysis platforms started implementing new functions and features into their programs. Analysis tool analyses chart with different metrics and social media to give you up to date constantly. We will introduce you 10 best crypto analysis tools in 2022 to start with. With the right tool, you can gather the information you need to make an informed investment decision.
What should you look for as a crypto analysis tool?
You should look for many factors to judge between different analysis tools. This will help you to get the most advantage of the platform while you are using it. Before subscribing to an analysis tool make sure to check each of the following points.
Accuracy of the tool
Before choosing the 10 best crypto analysis tools in 2022 make sure to pick a platform that provides accurate data. Because this data will be the backbone of your trades decision. Whenever you read users’ reviews you can always learn more about platforms’ data accuracy.
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Transparency and plenty of metrics of the tools
Transparency data is important to get which is not affected by any politics or news. Whereas there are thousands of thousand metrics you can imagine that provide you with Intel. You need to look for a platform that has the most number of metrics.
Pricing of the crypto analysis tools
After you check with accuracy and transparency you should look for a platform that has a reasonable price. There are a lot of analysis tools that provide data for free. Give them a shot if you find that provides you with all the features you need.
Best crypto analysis tools
Here are the 10 best crypto analysis tools in 2022 that will give you the ideas to research and analyze cryptos.
1. Glassnode- crypto analysis tools
Glass ode gives you market insight as it is an API- based web app. Additionally, it is an on-chain data and market intelligence blockchain analysis tool. This tool provides you with relevant information on the crypto transaction data, metrics, miner data, and other insights for investors. It also allows you to review market details, successful transactions, coin price data, and active addresses. From this app, customers can download market data. They also provide a free basic plan that is updated every day.
2. Coin metrics
This market data analysis tool is available both on-chain and off-chain. Additionally, this tool helps investors, analysts, and researchers to understand the crypto market dynamics. This also provides market visualization tools, data feeds, indices, price reference rates, and metrics. With this tool, customers can also view Twitter feeds for market sentiment. On the other hand, you can also sign up for their weekly newsletters to get extensive reports on the crypto market.
This platform allows you to track cryptocurrency holdings across multiple exchanges platform. This is an all-in-one trading solution that provides real-time data and simplifies trading strategies. This also allows customers to operate through multiple trading accounts across several trading exchanges. While analyzing statistical data and trade history users can view cryptocurrency prices and evaluate their performance.
It is one of the most used charting tools and is a cloud-based platform. The platform can be easily downloaded into your mobile phone. TradingView has become one of the trading charting tools for crypto-traders as well. With help of this tool, users can scan the market and collect data from crypto exchanges like Coinbase and Binance. Also, you can log in to different crypto exchanges and view and compare real-time price charts.
This is a helpful tool to analyze charts that allow you to make better trading decisions. You can also use this to customize your research on various coins. Additionally, you can you’re Messari for free to get the most out of this tool you can update to Messari pro. Also, it included daily insight and long-form research and lets you download data to a spreadsheet.
This platform analyses data from social networks to gauge market activity and transaction data. It also provides real-time insight into bitcoin and Dogecoin lets you track the coins and exchanges that interest you most. This platform reserves the most comprehensive platform features, data, and rewards to those who contribute to the community.
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It is another crypto research tool that deserves a close look. This also provides on-chain and social media data on 2000+ cryptocurrencies. This platform helps you predict the price movement of any crypto. This platform helps you to stay ahead of imminent development while offering fundamental insight and behavioral reports. This also gives you an update whenever a coin you are watching gets a surge in social volume.
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This platform is one of the largest aggregators that tracks cryptocurrency prices by market cap. On this platform, you can view live price changes for more than 10,000 coins and over 500 crypto exchanges. Additionally, this platform provides an in-depth analysis of the crypto market. Also, this provides community stats for Facebook, Twitter, Reddit, and more.
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This platform updates you about all upcoming events on different coins. CoinMarketCal also incorporates an evidence-based and community-driven framework. You can simply search for certain events you are interested in. You will see all the listed events for the selected period with a few clicks.
10. Coin Dance
Coin dance tracks all sorts of metrics, including harsh rates, network nodes, fees, and mining breakdown. With the help of coin dance, you can also see other top-level stats covering blockchain. The users can also vote on the validity of the information provided by the community.
Conclusion of crypto analysis tools
Analysis tools are valuable assets that help users to better navigate the market. These 10 best crypto analysis tools in 2022 help you to track the crypto price movement and gain the upper hand.