5 Tools Every Crypto Investor Should Use For Research

By CNBCTV18.com IST (Published)


Crypto is still a nascent industry and readily available market data, analysis and advice can be hard to come by. Here is a list of tools that every investor can use for their crypto research:

Anyone who has spent even a short time in the cryptocurrency market has probably heard the term DYOR – do your own research. It has become a catchphrase in the cryptosphere and highlights the need for investors to do some research before investing their money in a project. However, this is easier said than done, as cryptocurrencies are still a nascent industry and it can be difficult to get readily available market data, analysis and advice. That is why we have put together a nifty list of tools that every investor can use for their crypto research.

1. Market Trackers

Market trackers are perhaps the first and most important tool for cryptocurrency investors and traders. They provide price updates, trading volume data, historical performance information, and various other useful details, all in real time. They provide an accurate view of the market in its current state and offer a solid foundation for crypto research. These platforms also allow you to compare coins within different categories. For example, you can view trend data for all stablecoins or compare the prices of different fan tokens. This gives you a good overview of a category of projects. Today, three of the most popular market trackers are Messari, CoinMarketCap, and CoinGecko.

2. Data aggregators

Market trackers give you a good overview of the market, but to dig deeper into a project, you’ll need the help of data aggregators like TradingView, Glassnode, and Coin Metrics. These platforms provide in-depth analysis of the various cryptocurrencies and help you gain valuable insights into their future performance. These sites allow you to chart technical indicators, such as moving average, real force index, price oscillators, etc., for various major cryptocurrencies. These platforms also give you a sneak peek of various on-chain metrics like hash rate, transaction data, gas fees, whale movements, etc. Of course, not all of these services are free; you will have to pay a subscription fee to access some features and benefits.

3. Crypto guides and news websites.

Cryptographic data can be complex and difficult to understand. Also, understanding the various technical indicators can be difficult if you don’t know what they mean. This is where cryptocurrency guides and news websites come in. CoinTelegraph, Decrypt, Binance Academy, ByBit Learn, Alexandria by CoinMarketCap, etc. are all reliable platforms in this regard. They not only provide detailed explanations of the various crypto projects, technical indicators, and crypto jargon, but also offer the latest news and updates from the world of digital assets. This helps you better understand the cryptoverse and stay up to date with the latest happenings.

4. Podcast

Listening to podcasts helps you gain valuable insights into the cryptocurrency market. They allow you to gain an expert perspective on various aspects of a crypto project and the industry in general. They also provide a deep understanding of current events and their future repercussions. The auditory nature of the information also makes podcasts easy to follow and digest. Plus, there are plenty of good podcasts out there, so it’s easier to find one that suits your level of understanding. Some of the best cryptocurrency podcasts include The Pomp Podcast, Unchained, and Bankless.

5. Forums

Forums allow you to meet like-minded investors and traders. Every notable crypto project usually has a Reddit page or Discord server, where enthusiasts and investors share their views and opinions. You can ask questions about the project and get quick answers from members of the community. You can also learn from the questions of others. In addition, many projects use forums like Discord to get the community’s opinion on improvement proposals, network changes, etc.


In addition to these tools, you can also follow crypto Twitter, sign up for regular market reports from research platforms like Chainanalysis, follow crypto vloggers, etc. This should help you get all the information you need about a crypto project and the digital asset industry. Armed with this information, you can make better-informed investments and trades.