Top 6 Research Tools You Must Have As An Investor In Cryptocurrency Market 2022

Cryptocurrencies have taken over the world, with nearly 20,000 cryptocurrencies currently listed on CoinMarketCap. This has sparked the interest of novice investors to join the industry. Being such a popular investment today, especially among young investors, it is tempting to jump into the cryptocurrency world without knowing enough due to the fear of getting lost.

Investing in cryptocurrencies is a risky venture under any circumstances, especially if you have no idea how to research and analyze cryptocurrencies. But with the right research tools, you can gather the information you need to make an informed investment decision.

6 must-have tools for searching for cryptocurrencies for novice investors

Whether you are a beginner or have been investing in cryptocurrencies for years, crypto research tools can help reduce risks and increase your chances of staying ahead of the game. Here are 10 of the best research tools that you can use to refine your research before investing in cryptocurrency.

1. Messari

Messari is a crypto data aggregator that contains a lot of useful tools for analyzing charts, allowing you to make better trading decisions. It has a checker with a variety of filters, such as price and market value, that you can use to customize your search on different cryptocurrencies.

You can use Messi for free. But, if you want to get the most out of this crypto research tool, you can upgrade to Messari Pro for $24.99 per month paid annually. Pro membership includes daily insights and extended research, plus advanced screening and charting features and watchlist. Pro also lets you download data to a spreadsheet.

2. Glassnode

Glassnode is a blockchain data and intelligence platform, which means it collects data from a number of different blockchains to accurately measure crypto network activity, and then uses that data to communicate metrics and insights to investors. You can use Glassnode to explore the market indices of any cryptocurrency and display the number of active addresses with successful transactions. The platform also provides price data and allows you to set alerts and download data.

Glassnode provides free access to “tier 1” data that is updated every 24 hours. Paid subscriptions are $29 per month and $799 per month, both paid annually, and provide additional levels of data and frequently updated information.

3. LunarCrush

LunarCrush is a social intelligence platform that analyzes data from social networks to measure not only market activity and transaction data, but also investor sentiment. To understand the impact of sentiment on cryptocurrencies, one only needs to look at how the mere mention of Bitcoin and Dogecoin by social influencers has caused massive price swings over the past year. LunarCrush provides real-time insight into who these influencers are and lets you track the influencers, currencies, and exchanges that interest you most.

LunarCrush retains the most comprehensive platform features, data, and rewards for those who contribute to the community. These contributions earn you a LUNR - a platform token - that you can use to unlock those privileges.

4. Coin Metrics

Coin Metrics is a provider of crypto financial information, market and index data, network data and other analysis tools to help you make informed crypto decisions. The platform gives you access to more than 100 assets and over 400 metrics, including new assets such as free float offer and achieved cap.

Once you have finished adding the metrics to your chart with Coin Metrics' network data visualization tool, you can download them in different extensions.

5. Santiment

Santiment is another crypto research tool that deserves a closer look. Like Glassnode, Santiment provides cross-chain and social media data on more than 2,000 cryptocurrencies, helping you predict the price movement of any cryptocurrency.

The platform also offers key insights and behavioral reports so you can stay ahead of impending developments. Furthermore, you can set up alerts on Santiment to get updates as the coin you see increases in social volume.

Novice cryptocurrency investors can learn about the market with basic metrics and limited API calls for free. Paid accounts cost $149 or $399 per year and provide additional metrics, historical information, more API calls, and higher levels of tech support.

6. CoinGecko

You may have heard of CoinMarketCap, but you may not be familiar with CoinGecko. CoinGecko is one of the largest data aggregators that tracks cryptocurrency prices by market capitalization. You can view live price changes for more than 10,000 digital currencies.

Apart from tracking and measuring cryptocurrencies and tokens by market capitalization and exchanges by trading volume, the platform provides an in-depth analysis of the crypto market. CoinGecko also provides community stats for Facebook, Twitter, Reddit, and more.

There are many other useful features that you can take advantage of for free to get a broad overview of a particular cryptocurrency using CoinGecko. Premium and Premium+ accounts cost $49.90 and $99 per year, are paid monthly, and include an ad-free experience and advanced features.

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