Edgy, founder of DeFi website TheDeFiEdge, recently shared 10 must-have cryptocurrency research tools he uses every day.
1. Uniwhale (Analytics Dashboard)
I use this tool to track cross-chain bridge activity between different L1s.
I can use UniWhale to observe the storage and withdrawal situation, and grasp the overall trend of L1.
2. Dune Analytics
Dune allows you to visualize different metrics and generate easy-to-understand charts.
From the application of DeFi to the dashboard of a specific dapp, everything becomes visualized.
ENS data visualization
3. Crypto Panic (news aggregator)
This is where I get most cryptocurrency news (besides Twitter).
Think of it as the Reddit of the cryptocurrency press.
There is so much news that you can’t read it.
I sort by the “Important” tag and filter out the valuable content from the mass of messages.
4. Santiment (encrypted intelligence platform)
Most people use it to view price charts.
Sanbase lets you combine price with other behaviors.
You can view price + development activity + social trends (among other metrics)
5. Nansen (on-chain analysis platform)
Its best feature is “Smart Money” – which tracks the top-performing whale accounts that have been verified. (e.g. funds and first movers)
Use it to see what smart money is buying so you can buy in before YouTubers start making videos.
6. Messari (Market Intelligence Platform)
I prefer to compare Messari to a Swiss Army Knife.
• Price data
• research report
• Community screening
Analyze cryptocurrency’s most valuable metrics, available for $25 per month.
7. Token Terminal (cryptocurrency financial data)
People are fed up with inflationary tokens and paper money.
They want to see real earnings.
Use Token Terminal to see which blockchains and dapps are making money.
8. Fear & Greed Index (sentiment indicator tool)
It’s harder to find the truth when you read Twitter.
What if you’re following a group of always optimistic bullies?
I check the fear & greed index to get a better grasp of market sentiment.
9. DeFiLlama (DeFi analysis platform)
I’m a heavy user of Alt L1 – DeFiLlama helps me with project comparison analysis by total locked value.
The most useful thing about DeFillama for me is that it helps me find the hidden gems within each ecosystem.
This can be done like this:
I’m an AVAX user and haven’t been following the trends in this ecosystem lately.
I can query by:
• Total locked value of at least $1 million
• Weekly value up to seven digits (shows some leads)
EverRise is among them. I will add it to my research list. (Disclaimer: This is not an endorsement for you to buy this tool)
10. DexScreener (real-time price chart tool)
I use this tool to watch my account list and generate price alerts.
Imagine a big event. For example, an influential whale is promoting a project, or there is an attack.
Using this tool you can view real-time buying and selling action.
This is not a complete list.
Now I can think of Glassnode, Trading View, Coingecko, IntotheBlock, etc, which I also use a lot.
The tools I’ve listed are “must haves” that I use every day and are an integral part of my research process.
I don’t want to overwhelm you with too many options. Think about your work flow. I design my research process first and then draw on the power of tools.
you can say:
1) I am an Alt L1 user
2) I am a visual learner
3) I want to look for popular token projects with a scale greater than $1 million.
These tools assist my investing and trading style.
I’m not making a deal with you right now.
I am still an ETH/stablecoin user and have been involved in a few different small projects.
I do research every day, in order to know the latest trends and predict what will happen in the future.
Don’t be pressured to sign up to use all the tools.
This is my profession – I do these things for over 12 hours a day.
Most of the time you don’t need too many tools.
You just need to use the tools you have at hand.
Research is your way to an edge
Like everyone else, watching the same content, watching the same videos, doesn’t make you any better than anyone else.
Strength comes from hard research and thought.
The writing of this article is completely transparent. No one paid me to write this. No one gave me a free account either. If you sign up to use any of the tools because of this article, it will not help my child support. So once again, don’t “social control” follow the trend to buy tools, and don’t use tools as a panacea.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/10-must-have-cryptocurrency-research-tools/
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