6 Crypto Research Tools to Score Big Gains
Alright, buckle up, crypto enthusiasts! In today's video, I'm diving deep into the treasure trove of tools that every savvy crypto investor needs in their arsenal to uncover the next big opportunity. We've all heard it a million times from every crypto guru out there: "Do your own research!" But let's be real, knowing where to dig for that goldmine of information is what separates the crypto legends from the newbies.
If you're all about studying metrics, sniffing out breaking news, and keeping tabs on those mega-events, you're setting yourself up to catch the wave before it even forms. All the big shots in the crypto world? They're not just lucky; they've got research down to an art form, finding the juicy details before the market goes wild. Mastering this skill means you're buying low before the skyrocket or selling high before the crash.
And no, we're not talking about getting lost in a maze of technical analysis on price charts. You don't need to be a chart wizard to do awesome crypto research. I'm all about the fundamentals - the real meat that tells you whether a project's got legs for the long haul.
CoinGecko
So, let's kick off with the first tool on our list, and probably the one you've heard of a million times: CoinGecko. This bad boy is like the Swiss Army knife of altcoin trackers. Sure, there are others like CoinMarketCap, CoinWatch, or Nomics, but they all sing the same tune. Why should CoinGecko be your go-to? Well, for starters, it's like the ultimate phonebook for cryptocurrencies. Heard of a new coin? Just type it in, and boom - there's your gateway to all things coin-related.
Let's break it down
Search Like a Pro: Daily, I'm on CoinGecko, hunting down the latest tokens like Aptos when they first hit the scene. On a coin's page, you've got the price from every exchange, but more importantly, you get the juice:
Market Cap: How big is this project really? This shows the current total valuation of the project.
Fully Diluted Valuation: What's the total value if every last token hits the market? This represents the total valuation when all the tokens in the supply are released. This accounts for both the tokens currently circulating and those held by insiders or early investors.
24-Hour Trading Volume: When this is sky-high, you know there's action - either good news is breaking, or the market's getting all hyped or spooked. This is crucial. When trading volume is high across exchanges, it indicates that people are actively speculating on the coin. You can use this as a signal that there might be significant news, or that sentiment is either extremely bullish or bearish.
Project Insight: On the side, you've got links to the website, community platforms like Twitter and Discord, and even the GitHub repo for those who like to nerd out on code.
Historical Price Action: Scrolling down, you’ll find a historical price chart. Unlike just using TradingView, CoinGecko gives you the full history of a coin's price, aggregated across all exchanges.
Market Tabs: Want to buy that shiny new token? Check the markets tab to see where it's trading. This saves you from falling into the trap of fake sites or scams by showing you legit exchanges ranked by volume, so you know where to get the best deal or avoid the fakes.
These metrics can act as prompts for you to investigate further.
On the right-hand side of the coin's page, you’ll also find additional project information, such as:
Website Links: These give you access to the official resources for the project.
Wallet Support: Lists wallets compatible with the coin.
Explorer: This allows you to view all transactions related to the coin.
Community Links: Includes Twitter, Discord, media, and blogs, which are excellent places to find updates or ask questions.
Source Code: Often hosted on GitHub, this lets you see the development activity and community.
So, there's your first piece of alpha on CoinGecko - it's not just a tool; it's your crypto research wingman. Mastering this is non-negotiable if you want to play in the big leagues of crypto investing. Ready to level up? Let's dive into the next tool!
TradingView
Alright, crypto sleuths! Let's talk about the second tool you absolutely need to get cozy with TradingView. This isn't just another app; it's the bread and butter for anyone serious about crypto investing. Why? Because TradingView is the go-to charting platform not just for one or two exchanges, but for all of them - Binance, OKX, Coinbase, and even those fancy portfolio trackers you might be using.
Here's the deal:
Universal Charting Language: Every time you check the price of a coin, whether on an exchange or in your portfolio, you're likely looking at a TradingView chart. Understanding this interface is like knowing the basic alphabet before you can read.
Master the Candles: Seeing Bitcoin at $2,390 on the weekly chart? That means each candle represents a week's worth of data. It's not about day trading here; it's about grasping the bigger picture. If you can't read these charts, you'll be lost when you hop onto any trading platform.
Time Frames Are Your Friends: Want to see how a coin's been doing daily? Switch to a daily chart. Curious about long-term trends? The weekly candles have got you covered. For those day-to-day vibes or even hourly fluctuations, you've got your 4-hour or 1-hour charts. Knowing how to adjust these time frames gives you the power to predict movements like a pro.
Indicators and Scales: The basic indicators, reading candlesticks, understanding log vs. auto charts - all this knowledge is fundamental. It's like knowing how to drive a car before you hit the highway.
Why should you care? Because TradingView is not just a tool; it's the backbone of nearly every exchange out there. You'll be dealing with it daily, so mastering it means you're not just looking at numbers and lines; you're reading the story of the market. This isn't just about investing; it's about speaking the language of crypto with confidence.
DEX Tools
Let's dive into another powerhouse tool for your crypto toolkit: DEX Tools. If you're all about trading on DeFi platforms like Uniswap, SushiSwap, or PancakeSwap, this is your new best friend. Where CoinGecko gives you the broad strokes across centralized and some decentralized exchanges, DEX Tools dives deep into the DeFi ocean.
Here's the scoop:
Specialized for DeFi: While CoinGecko covers a wide range, DEX Tools hones in on those projects living in the decentralized world. If you're trading tokens like Shiba Inu's BONE on Uniswap, DEX Tools is where you'll get the real deal.
Accurate Price Tracking: The price charts you see on DEX Tools aren't just from some big exchange; they're tailored to show how tokens are performing specifically on decentralized platforms. This is gold if your coin of interest only trades on DeFi exchanges because guess what? These platforms don't usually come with built-in charting software.
Swap or Go Native: You can swap tokens right there on DEX Tools or click through to the actual DEX if you're the cautious type. It's all about giving you options.
DEX Tools Score: This isn't just about price; it's about trust. DEX Tools checks liquidity depth, but it goes further. It flags potential scams like honeypots or rug pulls by analyzing token behavior. Is the liquidity locked? Who controls it? If a token has a low trust score, you'll see why - whether it's because one player holds too much power or the liquidity isn't locked. A high DEXTools score signals trustworthiness, while a lower score (e.g., 50 or below) will highlight specific concerns.
Honeypots are scams where tokens are programmed to prevent you from selling after buying.
Liquidity Ownership: Flags pools where a single entity owns most of the liquidity, especially if it’s not locked, which could indicate a potential rug pull.
Red Flags: Identifies common scam behaviors, like 90% of liquidity controlled by one party or suspicious transaction patterns.
Early Bird Opportunities: DEX Tools is like the scout of DeFi, spotting new projects and tokens before they hit the mainstream. It's your go-to for finding those high-risk, high-reward opportunities that could be tomorrow's big thing.
For anyone aiming to be a DeFi power user, DEX Tools is not just helpful; it's essential. You'll be able to judge a token's legitimacy by looking at the health of its liquidity pools and the activity on decentralized exchanges. So, if you're serious about crypto investing and especially DeFi, DEX Tools should be part of your daily ritual.
And hey, if you want to stay ahead in this game, make sure you join The Whale Room. We've got a lot more DeFi wisdom coming your way!
DeFi Llama
Alright, let's get into the fourth tool you've got to master in the crypto space: DeFi Llama. If you're dipping your toes into DeFi to rake in some sweet, sweet passive income, this is your go-to. In crypto, it's not just about betting on price increases; DeFi lets you earn extra on your tokens through staking or farming APY.
Here's how DeFi Llama can up your game:
Yield Opportunities: On the left, you'll see the 'Yields' tab. This is where the magic happens. Click on "Pools," and if you're holding, say, Ethereum, you can filter to find out how much extra APY you can stack on top.
No IL Filter: Choose 'No IL' (Impermanent Loss) to see opportunities where your principal (like your ETH) is safe. Deposit 100 ETH, and after a year, you'll still have 100 ETH in value, plus whatever extra rewards you've earned.
Rank and Filter: You can sort by:
TVL (Total Value Locked): This shows you which protocols are trusted enough to hold significant amounts of money.
APY: Here, you chase the highest rewards. For instance, you might spot a pool offering up to 127% APY on ETH, but remember, lower TVL often means higher risk.
Filter by TVL Thresholds: If you prefer more secure and well-utilized pools, filter for pools with at least $1 million TVL. With DeFi Llama, you might find that on Umami Finance, a well-known DEX, you can snag an extra 69% yield on ETH. That's not just good; it's crazy good for passive income!
· Diverse Token Support: It's not just about ETH. Want to do the same with USDT, USDC, BNB, or even Bitcoin, Matic, or Solana? DeFi Llama's got you covered across a broad spectrum of tokens.
· A Bit Advanced: This tool gives you access to a wide array of platforms, but with great power comes great responsibility. Some pools might be riskier due to lower security or trust.
· Due Diligence: Combine what you find here with your own research on project legitimacy. When you mix this with your crypto knowledge, you're set to uncover some hidden gems for passive income.
DeFi Llama is hands down the best place to scout for new farming alpha. If you're serious about making passive income in the crypto world, this tool is your map to the treasure.
CoinMarketCal
Alright, let's unlock the fifth key to crypto mastery with CoinMarketCal. If you're all about getting that sweet crypto alpha by knowing what's coming before everyone else, this tool is your secret weapon. Investing in crypto isn't just about holding; it's about being informed about the upcoming events that could shake the market.
Here's how to use CoinMarketCal like a pro:
Event Tracking: This site has been around since the dawn of crypto, making it the go-to place for tracking all the significant updates and events for every coin out there.
Filtering for Gold: I use the filter section to narrow down to the top 300 or even the top 100 coins because, let's face it, we're looking for the legit players. Here's what you do:
Choose major categories like exchange listings, big updates, releases, partnerships, forks, swaps, airdrops, staking launches, and significant roadmap events.
Discovering Hidden Gems:
AI Nexus Tickets Sale: Early access to a gamified social app that utilizes AI-powered tools for creating unique user-generated content, presenting a promising opportunity for investors and enthusiasts interested in innovative AI-driven platforms.
Beldex Browser: Empowering users with control over their online privacy, protects sensitive data from tracking and ads, and sets a new standard for secure browsing.
You will also see things such as:
Consensus Upgrade: That's a big deal for network stability.
Free-to-Mint Launches: Sounds like a cool NFT integration.
EVM Integrations: This could open up the coin to say, Ethereum/Solana/etc wallet users and expand its usability.
Reward Halvings: Good news for tokenomics.
Other Upgrades: Tech upgrades that could boost performance.
Future Insight: These events are sometimes months away, giving you a window to get in early. With CoinMarketCal, you're not just keeping up; you're staying ahead of the curve, finding alpha that hasn't hit YouTube or Twitter yet.
Generate Insider Info: By doing these searches, you're arming yourself with early information, essentially giving yourself insider knowledge without the insider title.
CoinMarketCal isn't just a calendar; it's your crystal ball into the crypto future. Use it to spot the next catalyst that could skyrocket your investments or at least keep you one step ahead in this fast-moving world of crypto.
Tokenomist
Let's close out with the sixth and final tool in our crypto investor's toolkit: Tokenomist. This tool is all about spotting potential token dumps before they hit the market. Here's the scoop:
Understanding Token Locking: In the crypto world, not all tokens are available for trading immediately. Similar to how shares are locked before a company's IPO in traditional finance, crypto tokens are often allocated to early investors, venture capitalists, team members, advisors, etc., and released gradually.
Why It Matters: Since tokens start trading early in their lifecycle, tracking these unlocks is vital. It's like having foresight into when a flood of new tokens might enter circulation, potentially diluting your investment.
Using Tokenomist: Let's look at ONDO, a major name in decentralized exchanges, for example:
Market Cap vs. Fully Diluted Valuation: ONDO currently boasts a market cap of $2.4 billion, but its fully diluted valuation stands at $16.1 billion. That's because there's still $13.7 billion worth of tokens locked up.
Unlock Schedule: You can see that 85.53% of ONDO tokens are still locked. This means, that over time, as these tokens are released, early investors could sell, impacting the price. The next unlock for ONDO is scheduled for 39 days from now, on January 18th.
Two Ways to Use This Tool:
Due Diligence: Evaluate the token distribution. If a project allocates 50% of tokens to early investors but only 10% for public trading, that's a potential red flag.
Event Timing: If you're considering an investment due to an upcoming major event, also check if there's a substantial token unlock happening concurrently. This could negate the event's positive impact or even explain the timing of the event itself.
Historical Insight: Past unlock events can inform your strategy. If previous unlocks didn't lead to a price drop, it might indicate that the team is dedicated to the project's long-term success.
Creative Strategy: Beyond just due diligence, Tokenomist can help you predict market movements by understanding when large token supplies might hit the market, influencing prices.
Tokenomist is your crystal ball for forecasting the supply dynamics of crypto projects. It's an essential tool for making informed investment decisions, whether you're looking to buy in or manage existing holdings, ensuring you're alert to any looming risks or opportunities.
So there you have it, folks - six of the best crypto research tools to help you uncover your own crypto alpha. If you can master these tools, you'll be equipped to conduct your own research, determine the legitimacy of new projects, and spot opportunities before they become the talk of the town.
Source: VirtualBacon
This means you won't have to wait for the herd to jump on the next big thing. Yes, keeping an ear to the ground on social media has its merits, but don't let that be your only strategy. Take the time to become proficient with these tools to generate your own investment ideas and elevate your game as a crypto investor.
Ready to take your crypto game to the next level? Don’t wait for someone else to spoon-feed you investment ideas—equip yourself with these tools and become the investor others look up to. Dive deeper into the world of crypto by joining our free newsletter for exclusive tips, insights, and strategies sent straight to your inbox. Click here to subscribe now!
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Conclusion
How many of these tools were new to you? Let me know in the comments which ones you’re excited to start using.
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