Blockchain and Cryptocurrency Intermediate - Investment Tools Available to Help Make the Right Decisions in The Crypto Market

As far as crypto investment is concerned proper research is very important before making any investment. There are tools that are available to help investors carry out research and analysis, and also other tools that help investors make the right decisions. Tools such as coinmarketcap and coingecko for statistics such as market capitalization, circulating supply, total and max supply, liquidity, volume, active addresses, cryptocurrency age etc, number of available exchanges, available wallets, portfolio tools, watchlist tools, blockchain explorers, number of exchanges, on-chain metrics, website, project whitepaper etc, social media and more, can be used for proper fundamental analysis before making any investment decisions.

Market data tools - Coinmarketcap/Coingecko

These are two of the most popular and reliable market data tools. Coingecko and coinmarketcap provide valuable information about a project like the brief description of the project, overview, statistics of the cryptocurrency like market capitalization, circulating supply, number of available exchanges, total and max supply, volume and liquidity, number of active addresses, etc. This information are part of fundamental analysis and are key factors that investors consider when carrying out fundamental analysis so as to make the right investment decision.

Portfolio tools – Blockfolio

Blockfolio is a very popular portfolio tool and investment tool. It is basically a tool that is used for portfolio tracking that is available for mobile devices. Blockfolio has amazing features that make portfolio management easy. Investors can make use of this tool to create and manage their portfolio and track the performance of the assets in the portfolio.

Wallets

As far as crypto investment is concerned wallets are one of the most important crypto investment tools. Without the availability of a secure and reliable wallet, it is impossible to store the cryptocurrency asset. A wallet serve as a tool for storing cryptocurrency asset. A good example of a secure and reliable wallet is trustwallet. This is important for investors as it means that they can have full control of their investment assets. The availability of secure and reliable wallets is key when it comes to making the right investment decision. No investor would want to invest in a cryptocurrency asset that doesn’t have a wallet to store the cryptocurrency asset. That is why investors carry out fundamental analysis to ensure that there are available wallet tools to store and hold the investment assets.

Charting tools – Tradingview

Charting tools are tools for technical analysis. A great charting tool is tradingview which is a very popular charting tool used by a lot of investors to perform technical analysis on any cryptocurrency asset before investing. Tradingview comes with a lot of quality features such as drawing tools, indicators, alerts, and more. Investors can make use of charting tool such as treadingview to perform thorough analysis on any cryptocurrency asset in order to make the right investment decision.

Calendar tools – CoinMarketCal

Calendar tools are important as far as crypto investment is concerned. A great calendar tool is coinmarketcal which is a very popular calendar tool used by a lot of investors to have insights on dates of event, airdrops, launches, burns, listings, releases and more. These information are valuable to investors so as to make the better investment decisions.

Watchlist tools

Watchlist tool play important roles when it comes to crypto investment. A watchlist tool is basically a tool that allows an investor to monitor different cryptocurrency asset before making any investment decisions. A lot of platforms like coinmarketcap, coingecko, tradingview, blockfolio incorporate the watchlist tool as part of the features to make it easy for investor to monitor specific assets closely before making the decision to invest. Investors can make use of a watchlist tool to monitor the performance of specific cryptocurrencies that they want to invest in, so as to make the right investment decision.

Block explorer tools

Block explorers are also very important tools when it comes to making investment decisions. A block explorer is basically a tool that allows users to interact with blockchain networks and view details such as transactions, number of active addresses and holders, top coin holders etc. This details can play a key role in whether an investment will be profitable or not. A lot of investors visit the block explorers of the cryptocurrency asset they want to invest in to view valuable details like number of holders, addresses with the largest coins and the transactions.