Are there specialized platforms for the analysis and comparison of cryptocurrencies, you ask? There are many listings, rating platforms, and ICO calendars, but few services provide tools for complex technical analysis.
The services that have occupied this niche are quite authentic and non-standard while providing users with many useful functions. In this article, we'll explore and provide resources to help you better understand the crypto market. More than 5,000 cryptocurrencies are currently launched on the market, so it is almost impossible to research each asset. However, with the following tools, you will have a solid foundation to gather information and make informed decisions.
CoinMarketCap
CoinMarketCap is one of the most famous and largest cryptocurrency analytics sites. The platform provides all the basic information on the rise in coin prices, market capitalization, new cryptocurrencies, the largest exchanges, lists of the best and worst projects. It also has comparative data on the market situation from 2013 to the present day.
The platform has collected the most important information for analytics and investment decision-making. CoinMarketCap allows you to monitor cryptocurrency capitalization online. By tracking the capitalization of a coin of interest, one can find its volume, the number of trades in the last 24 hours, the price in USD and BTC, and the dynamics of trading.
With over 5,000 different cryptocurrencies tracked, CoinMarketCap has become the most trusted resource.
CryptoCompare
The website is also one of the most famous cryptocurrency analytical platforms with a huge amount of useful information.
CryptoCompare provides information about coins, exchanges, mining, pools, and wallets. The platform also has guides where users can gain experience and discuss topics. The service focuses on providing investors with a complete picture of the market to make further successful investment decisions. The platform has a free API with unique data. It processes all data online from the websites of the largest cryptocurrency exchanges.
Crypto Twitter
Twitter is an example of the best and worst community in the cryptocurrency market. Here one can find the most influential players, experienced researchers, traders, and respected investors, as well as freeloaders, scammers, and bots. This is why the important knowledge needed to make decisions and misinformation goes side by side on Twitter. Without careful filtering of the timeline and being critical of the messages you read, it's easy to make mistakes and fall into mental traps. That is why it is important to subscribe only to the most reliable profiles.
While Twitter is an incredible resource for crypto investors, it should be used in conjunction with other resources to verify the information and validate opinions.
CoinStats
In the world of cryptocurrencies, many investors will want to keep abreast of the latest news about the assets in their portfolio. There is no better resource on the market for this purpose than the CoinStats mobile app.
CoinStats is a portfolio tracking app. Inside the CoinStats app, investors can keep abreast of the latest news from each crypto team, receive alerts when the market is changing rapidly, or read trending articles. With CoinStats, you can track the value of over 3000 cryptocurrencies on over 100 cryptocurrency exchanges.
Bitcoin Talk
The legendary forum of Satoshi Nakamoto, Bitcoin Talk, is the last but not least platform on our list. It remains one of the Bitcoin proponent communities. Anytime one can find the latest announcements, altcoin discussions, and new product releases.
As with any forums, it is not always easy to get the relevant information. One will need to search carefully to find quality posts. The resource is suitable for more experienced users who can separate the wheat from the chaff.
Closing line
Each of the resources discussed in this article has a different value proposition. As a new investor in the cryptocurrency market, there is a lot to learn. Take your time to read high-quality content across different websites and different applications. Do not forget to read our Emirex blog, where we provide relevant articles about the cryptocurrency market. Getting to know the space will take some time, however, it will give you useful knowledge for investment.
