Many people consistently make a profit trading crypto, while some people lose consistently.
But how is that possible?
The fate of both winners and losers is often determined by the crypto tools they use in trading. While winners always use the best crypto tools available in the market to maximize their trading profits, losers often depend on luck and let emotions drive decisions.
As a crypto trader, your aim should be experimenting with different tools to find something that fits your trading skills and strategy. By using a good crypto tool, you’ll have more data and information to positively change your trading pattern – and possibly make a profit and double your portfolio.
So, how can I find the best crypto trading tool?
In this article guide, we will provide you with the 5 best crypto tools for transforming your trading skills.
LunarCrush allows you to make good trading choices by providing you the real-time data analysis of the community each cryptocurrency is building in a well-customized dashboard.
How does LunarCrush work?
LunarCrush gives you access to real-time social insights.
For instance, think about the millions of different opinions on social media every minute of the day that you can’t possibly know of. But, with LunarCrush, you can easily listen to a million different opinions in a minute presented to you in a user-friendly dashboard.
LunarCrush collects activities on social media about Bitcoin, Ethereum, crypto exchanges, influencers, and much more, which can help any trader make trading decisions.
Conveniently, LunarCrush platform works on both desktop and mobile devices.
2. Token Metrics
Unlike other crypto tools, Token Metrics is a unique platform that uses algorithms and machine learning to provide price projections for the cryptocurrency market. Token Metrics gives traders and investors useful insights about the crypto market for making good trading choices.
How does it work?
By creating an account on their platform, you will be able to access information about different coins or tokens, fundamental analytics, technical indicators, expert sentiments, and more.
The platform is user-friendly and information is presented in the form of graphs for quick understanding.
Is Token Metrics free?
Gaining access to the comprehensive information and features of Token Metrics requires you to pay a certain amount of membership fee.
The basic plan costs $19 monthly and $199 yearly, while the premium plan costs $299 monthly and $2,999 yearly.
Messari is another platform that provides reliable data and market intelligence for investors and crypto traders. The platform is simple to use and helps with predicting the price movement of cryptocurrencies for better trading decisions.
Not only does Messari bring transparency to the crypto economy, but it also continues to build data tools that will aid investors and crypto traders in making potentially lucrative decisions.
How does it work?
Messari is a crypto data aggregator that provides crypto traders with information on key trends, people, companies, and projects to watch across crypto, like Bitcoin and Ethereum, along with predictions. There’s a wide range of informative data relating to cryptocurrency to be accessed on Messari, once you have created an account on the website.
Also, there’s an option of sorting the project you want to explore based on market caps, coin categories, and more.
How much does it cost?
To access a library of hundreds of curated screeners and charts on Messari, you will need to be on the Pro Membership plan, which costs $29.99 per month.
Glassnode is a blockchain data and intelligence provider that’s useful for generating innovative on-chain metrics and tools for monitoring the crypto market.
Glassnode applications provide insights into the crypto market using data science and machine learning. Glassnode’s purpose is to analyze blockchain data and filter the information if necessary before delivering it to investors or crypto traders.
Many experts recommend Glassnode to crypto traders for monitoring the crypto market to make educated trading decisions.
Is Glassnode free to use?
Glassnode users with a Tier 1 account can only access data that’s updated every 24 hours, while paid users with an active subscription plan of $29 per month or $799 per year can access frequently updated information.
If you haven’t been making use of our trading platform to maximize your trading performance, then you’re missing something important.
Our all-in-one trading platform is for trading on multiple cryptocurrency exchanges from a single secured account on both desktop and mobile. Our API is designed to make your trading more proactive, efficient and informed – which comes in handy in a bull or bear market. With real-time technical indicators at your fingertips, you’ll be in position to stay ahead of the game.
What more could any crypto trader or investor ask for?
Our platform makes trading effortless and potentially very profitable for beginners and professionals with built-in connectivity to major exchanges, analytics, portfolio management, news aggregation, and more!
With the above list of the 5 best crypto tools, we give you the gift of possibly maximizing your trading profit this holiday. It’s time to transform your trading skills and experience a consistent winning streak!