Published
2 years ago on
March 04, 2022
While most crypto novices focus on price fluctuations and try to time trades, advanced investors understand there are dozens of metrics and data that are indispensable for gauging the health and long-term potential of DeFi projects. As the blockchain industry has matured, more tools have been developed for people to analyze on-chain data.
Below are the top 5 types of useful tools grouped by the category of data they can help you understand.
Tools for Analyzing Tokens: CoinGecko & CoinMarketCap
CoinGecko was launched in 2014 and is a powerful data analysis tool focused on blockchain data.
- Key Features
(1) Track DeFi tokens. Tokens are listed by market cap by default, but users can choose other filters. Tokens can be compared by price, trading volume, market cap, and other metrics.
(2) Beginner's guide. CoinGecko provides a beginner's guide, a glossary, and news to help you understand the dynamics of crypto.
(3) Visualization of token historical data. Coingecko historical data includes price, market cap and trading volume, which can be used to determine the data performance of tokens.
- Top Features
(1) Powerful metric filtering options
(2) Data for over 12,500 tokens
(3) Numerous additional features, e.g. NFT board, Beginner's Guide, news, etc.
