2024-03-16 15:49:40
Retail investors need to have the right toolkit to find the right coin at the right time to ensure they don’t miss out on opportunities, and this article will outline 5 indispensable tools for hunting coins. This article is derived from the article “Master Memecoins with 5 Must-Have Crypto Tools“, compiled, compiled and written by PANews.
(Previous summary: Solana meme party! The 24-hour on-chain DEX trading volume exceeded 3.5 billion Mg, and BOME was listed on Binance to reach a new high)
(Background supplement: Meme nuclear bomb! BOME sprayed 11 times and hit a new high of 0.011 mg. Developer Darkfarm: No plans to sell tokens)
We are back in the bull market surge. Token prices can rise quickly, and transaction volume can push the network to market caps that would have been unimaginable when the market was less optimistic. To trade cryptocurrencies, whether altcoins or meme coins, you have to stay ahead of the curve.
Retail investors need to have the right toolkit to find the right token at the right time to ensure they don’t miss out.
In this article, we will outline 5 indispensable tools for readers to use to hunt for coins.
Dexscreener
Popular among newbies and OGs alike, Dexscreener has become the go-to platform for altcoin and meme coin hunters.
Dexscreener provides real-time data streaming. Users can view data charts every five minutes. It can discover newly released meme coins in 30 blockchains and track their dynamics.
Additionally, Dexscreener’s iOS and Android apps enable push notifications based on percentage changes, target prices, or price movements over a set time period, meaning you can always have your finger on the pulse of the market. If you want to ride the wave of Solana and Ethereum’s token issuance, or just want to keep your finger on the pulse of DeFi, Dexscreener will be your “life-saving straw.”
ArkhamIntelligence
Arkham Intelligence reveals the often opaque nature of blockchain transactions, allowing users to peek behind the anonymity curtain.
Arkham has a variety of features that allow users to trade intelligence related to specific wallet addresses, display current/historical holdings of the wallet, and overall profit and loss (PnL).
Whether investing or trading, these tools can help traders compile a valid and well-informed list of holders to provide a reference for token allocation. Like Dexscreener, Arkham also allows users to enable real-time push notifications to update specific wallets via Telegram, email or even Slack (it’s your choice).
Another powerful feature of Arkham is the ability to identify the top holders of a token, providing insight into whether they are experienced chain climbers (this can be done through the use of Ethereum Name Service Domains (ENS) or their activity as OpenSea users identification), or identify if they are just disposable wallets.
In summary, whether your goal is to discover the next big thing, protect once morest fraud, or simply track the movements of influential wallets, Arkham’s AI intelligence platform provides a comprehensive set of tools to help you gain insights into the blockchain.
Zap
Zapper turns blockchain into a social media platform, helping you easily browse popular DeFi apps and tokens, veteran DAOs, and NFT collections.
This monitoring can be filtered by network (i.e. Base, Arbitrum, ETH) or some other qualification, including the top holders of the token, the most recent buy and sell orders, or the most profitable traders. This user-friendly interface allows both novices and veterans to track their digital footprints on the network, while also allowing them to drill down, monitor portfolios, and even exchange or bridge assets between EVM chains. Additionally, it is a SocialFi platform that allows setting up or entering token chats.
Overall, Zapper treats blockchain as a social network (as it were), and it lists trending tokens, projects, and NFTs in a familiar, easy-to-read format to help you keep up with them. The rapid pace of development.
DefiLlama
In the DeFi field, which is changing almost every day, DefiLlama stands out as a tool to track its movements and monitor the total value locked (TVL) of all DeFi, blockchains, and dApps built on top of them.
DefiLlama has an easy-to-use database that allows users to get a bird’s-eye view of DeFi, assess trends such as stablecoin flows and transaction volumes over a specific time period, and zoom in on specific ecosystems and protocols to analyze trends such as token Correspondence between currency price and TVL or user growth within a specific period of time. In addition, it can track solicitation announcements for new protocols, categorize them by type and backer, and help you with pattern matching.
Whether you’re analyzing market capacity, peering into protocol revenue, or tracking venture capital movements, DefiLlama ensures you always have the latest, most comprehensive data.
Coingla
For those venturing into the world of cryptocurrency derivatives, Coinglass provides an indispensable resource.
The platform stands out for its comprehensive data on cryptocurrency derivatives, such as futures volume and open interest (both of which are often used to identify fear or greed in the market), as well as the very useful Bitcoin rainbow chart ( BitcoinRainbowChart).
Rainbow charts can help users navigate Bitcoin’s volatile market cycles, providing insight into whether the flagship cryptocurrency is currently overbought or underbought, and what actions should be taken as a result. As shown in the chart above, it also depicts Bitcoin’s decreasing volatility as it matures, giving a sense of where on the chart and at which price Bitcoin may peak this cycle. With Coinglass, you can turn educated guesses into well-thought-out decisions.
Conclusion
In the current bull market, every second and every satoshi counts, so these tools are not just a convenience, they’re a necessity.
From the real-time tracking of Dexscreener and the market insights of Coinglass, to the sharp analysis of Arkham, the data aggregation of DefiLlama and the familiar format of Zapper, each tool adds unique capabilities to your cryptocurrency arsenal.
Whether you’re a day trader, a long-term investor, or somewhere in between, taking advantage of these tools can mean thriving, not just surviving, in the dynamic world of cryptocurrency.
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