We are constantly told to conduct our own research, but often it’s without any guidance or instruction on how to do so. To be honest, there is no definitive process or guide for conducting cryptocurrency research, and it requires both time and trial-and-error to become proficient at it. Even those considered experts in the field of researching tokens still face challenges due to the ever-evolving and wildly unpredictable nature of the market space.
If you’re curious about how to find tokens and research them, then pull up a seat and keep on reading.
Trading View (Technical Analysis) Trading View is an incredibly powerful platform for checking out the technical analysis of different financial markets, like cryptocurrencies. You can dive into price charts, use cool technical indicators, and even share your trading ideas with a bunch of other traders in the community.Just like on the previous tool, all you’re looking for are patterns of uptrend or down. Don’t overcomplicate it unless you want to become a professional crypto trader.URL: https://www.tradingview.com/
Staking Rewards (Staking Information) This is my favorite crypto research tool. Staking Rewards gives you all the info you need on staking crypto, including calculators to determine how much you’d earn off that token monthly and annually.Before I purchase a token, I check and see if it’s possible to stake it. Staking tokens is a great way to get more value out of them if you plan to hold them long-term. Check out different rewards, and providers, and make estimates. This tool is a must-have.URL: https://www.stakingrewards.com/
CBBI (Crypto Bull/Bear Index) CBBI, or Crypto Bull/Bear Index, is a tool designed to help figure out the overall sentiment of the cryptocurrency market. It provides insights into whether the market is bullish or bearish. It’s very similar to thefear and greed indicator, but with much more information.URL: https://colintalkscrypto.com/cbbi/
Dex Screener (Decentralized Exchange Analysis) Dex Screener is your go-to for decentralized exchanges (DEX) for analyzing DeFi tokens and their trading pairs. With its user-friendly tools and metrics, you can easily evaluate liquidity, trading volumes, and price movements across different DEXs and blockchains.If you find a token on CoinGecko, you can look it up on Dex Screener to see how it’s trading/performing in real-time.URL: https://dexscreener.com/
Free Crypto Profit Calculator (Portfolio Management) Want to know how much you could make or lose on your crypto investments? Then use a crypto profit calculator. Just plug in your buy and sell prices, along with how much you’ve invested, and get a breakdown of your portfolio’s performance.Use realistic estimates, such as determining how much you’d make if your investment doubled. Ignore values such as tripling or quadrupling, a good first goal should be to meet your return on investment (ROI).URL: https://coinledger.io/crypto-profit-calculator
Dune Analytics (On-chain Data Analysis) Dune Analytics is an amazing tool for checking out on-chain data from different blockchain networks. Just hop over to the “Discovery” section to see what new and trending tokens are being discussed in the crypto community.URL: https://dune.com/discover/content/trending
Coin Market Cal (Crypto Event Calendar) Coin Market Cal is a cryptocurrency event planner. It lets you know about important events, like new products, token releases, and updates. The advantage of this calendar is that you can find out about projects and tokens before they’re released and be first in line for them.URL: https://coinmarketcal.com/en/
Crypto Panic (News Aggregator) Crypto Panic is the go-to news source in the crypto world, gathering and organizing all the latest updates and happenings from multiple outlets. Stay up-to-date on market changes, regulations, and industry updates with this trustworthy aggregator. This is genuinely the best news resource to use for crypto.URL: https://cryptopanic.com/
Final Thoughts
Researching cryptocurrencies is not an exact science, and there are no guarantees that your chosen tokens will perform well even with the most thorough research. This is where proper risk management becomes incredibly important.
The key factor that differentiates investing from gambling lies in how well you manage the risks involved.
The more you learn about crypto, the easier it will be to identify valuable projects with potential for growth over time. And remember, you don’t necessarily have to buy a token in order to participate in its community. Continuously increasing your knowledge will also open up new opportunities for your future growth and success.
Continue to have a thirst for knowledge, and we wish you the best of luck in your pursuit of research on crypto.
We highly suggest taking a look at our complimentary e-book on cryptocurrency regarding low-risk investing options.
(Disclaimer: This article is not financial advice and is intended for educational purposes only. Our articles are not sponsored or affiliated with any of the businesses, tokens, teams, or protocols mentioned. It is important to conduct thorough research and only invest an amount that you are comfortable potentially losing. For personalized financial advice, consult a professional.)
