9 Best Crypto Tools For Analysis, Trading & Research in 2023 | CoinCodex

Navigating the cryptocurrency market often feels like riding a roller coaster: exciting, unpredictable, and sometimes stomach-churning. To make the most of your time in crypto, it's important that you use the best tools at your disposal.

However, choosing the right tools for the job can be challenging due to the large number of different options and paywalls.

In this article, we will examine the best tools for cryptocurrency analysis, trading, and research. And the best part: they are all free!

Crypto analysis tools

Use these tools to study price charts, market trends, and statistical data to make informed decisions.

CoinCodex

CoinCodex is one of the industry's leading cryptocurrency price tracking sites. While it's obvious that we are at least somewhat biased in our opinions (after all, you are reading this article about CoinCodex), we believe that our platform provides insight into the crypto market that is unmatched in the space.

In addition to real-time price tracking data for over 27,000 digital assets, you can find historical price data, automated risk analysis, market sentiment analysis, and much more on the platform. If you want to learn about future price movements, you can check the algorithmically generated data. cryptocurrency price predictionswhich collect historical and technical analysis data to plot possible price movements.

The platform also offers great flexibility, allowing you to save your favorite cryptocurrencies, add them to your cryptocurrency portfolio, and set price movement alerts. You can also customize price tracking pages by setting up different filters, including time frames, trading volume, and more.

TradingView

TradingView It is a popular platform for crypto analysis for several reasons. Firstly, its easy-to-use interface makes it accessible to both beginners and experienced traders. The platform provides a wide range of technical analysis tools, allowing users to analyze price charts, use various indicators, and implement drawing tools for comprehensive analysis.

One of the standout features of TradingView is its social aspect. Traders can share their analysis, insights and predictions with the community. This creates a collaborative environment where users can learn from each other, discuss market trends, and gain insights they may not have considered on their own.

DeFiLlama

DeFiLlama It aggregates data from various decentralized financial platforms, offering users a centralized hub to monitor and analyze the performance of different projects. This saves time and effort that would otherwise be spent browsing multiple platforms.

It provides real-time metrics on various DeFi protocols, including total value locked (TVL), trading volumes, and token prices. This real-time data is essential for making timely and informed investment decisions in the dynamic and fast-paced world of DeFi.

Cryptocurrency trading tools

Use these tools to buy, sell, trade and trade cryptocurrencies.

binance

binance It is the largest cryptocurrency exchange in the world; By some estimates, the exchange controls more than 70% of all cryptocurrency spot trading volume. The platform, widely considered one of the best exchangesoffers all the usual features you would expect from a cryptocurrency exchange, including spot trading, "https://coincodex.com/article/19628/why-is-binance-loans-one-of-the-best-platforms- for -crypto-backed-loans/" href="https://coincodex.com/article/19628/why-is-binance-loans-one-of-the-best-platforms-for-crypto-backed-loans/ ">crypto loans, NFT marketplace, self-custodial crypto wallet and more.

Advanced traders will be happy to know that they can take advantage of the Binance API to execute more sophisticated trades than would be possible using the default trading interface. You can also connect Binance to various automated trading platforms or crypto arbitrage scanners.

Coinbase

Coinbase provides an easy-to-use interface that caters to both beginners and experienced traders. Its intuitive design makes it easy for users to navigate the platform, buy and sell cryptocurrencies, and manage their portfolios with minimal hassle.

Security is a top priority for Coinbase. The platform employs industry-standard security practices such as two-factor authentication and cold storage for most user funds. This commitment to security helps instill confidence among users, knowing that their assets are well protected. It should be noted that Coinbase (currency) It is the only publicly traded crypto exchange in the US.

Uniswap

Uniswap is the leading decentralized exchange in the cryptocurrency space. Unlike centralized exchanges like binance and Coinbase, decentralized exchanges operate on a decentralized network of nodes, meaning that users do not give up control over their funds. Liquidity is provided by users who stake their digital assets in liquidity pools in exchange for a portion of trading fees.

The Uniswap protocol provides a simple yet powerful way to exchange different tokens directly on the blockchain without the need for intermediaries. There is no need to open an account or provide personal information, as Uniswap works entirely through smart contracts on the blockchain.

Cryptographic research tools

Use these tools to collect data, follow the latest developments in crypto, study new projects and trends, and understand market fundamentals.

glass node

glass node specializes in on-chain data analysis, providing users with deep insights into blockchain data. On-chain analysis allows researchers to monitor transactions, addresses and network activities in real time, offering a comprehensive view of the market. Unfortunately, not all features of the platform are free, but the one we would like to highlight is.

What makes Galssnode a great research platform is its weekly reports, which take on-chain data into account and interpret the results for easy digestion. This can be especially useful for beginners who may not know how to interpret advanced technical analysis factors and market trends on their own.

Dune analysis

Dune analysis It is a great platform if you want to delve deeper into blockchain data and metrics. The platform allows users to create customizable dashboards that query data from multiple sources to create comprehensive overviews. For example, you'll find dashboards like "NFT Volume," which aggregate data from various blockchain platforms and present it in an easily digestible way.

The Dune Analytics platform may not be the most beginner-friendly out there, but it's not difficult to use by any means: if you have at least a rudimentary knowledge of computers, you should have no problem navigating the site. If you want to take advantage of its more advanced features, such as creating your own dashboards, you'll need to consider investing some time in learning.

CoinDesk

CoinDesk is one of top crypto news sites. It covers a wide range of topics related to blockchain and Web3 and provides neutral and objective reporting on important stories in crypto. In addition to news, CoinDesk has a strong podcast network, which is a favorite. crypto podcasts available right now.

If you want to stay on top of the latest developments in crypto, which is essential if you are doing any kind of crypto research, then CoinDesk is one of the best platforms you can use.

The bottom line: the right tools can help you make informed decisions

If you read this article, you are someone who wants to improve your crypto research routine. If you use the crypto tools on this list, we think you'll have a much better understanding of what's going on in cryptocurrencies, which could translate into better investment decision-making.

If you are just getting started with cryptocurrencies, or are just someone who hasn't really invested the time in educating yourself about cryptocurrencies, we suggest you read our definitive guide on how to invest in cryptocurrencies. If you already know how to trade cryptocurrencies and understand the basics, consider checking out our weekly updated list of best cryptocurrencies to buy.