Introduction

The crypto industry's rapid growth demands a thorough understanding of terminologies, risks, research tools, and market sectors like DeFi, NFTs, and GameFi among others. Educating both beginners and seasoned investors has become more accessible through platforms like "NODO" which offers comprehensive content aligned with cryptocurrency and blockchain topics.

One prevalent term, "do your own research" (DYOR), emphasizes the importance of investigating a project's foundations before investment, discouraging blind reliance on others' advice or the fear of missing out (FOMO). It is strongly advisable that before delving into cryptocurrency investments, conducting extensive research and seeking expert guidance are crucial steps.

This article aims to introduce essential crypto research tools for users navigating the crypto sphere, namely; TradingView, Nansen, Messari, Glassnode, Cryptowatch, and CoinMarketCap. These tools offer diverse functionalities from comprehensive charting, market insights, on-chain data analysis, and trade executions, to tracking performance metrics and real-time price notifications. Understanding these tools aids investors in making informed decisions and navigating the volatile crypto market effectively. So, let's take a closer look at the leading crypto research tools in the realm of cryptocurrency.

The Study of Crypto Research Tools

TradingView

Like many other tools, TradingView is one of the prominent tools that stands out for most people who probably are versed in the crypto space.

TradingView features various products such as Chart+, Screeners, and Heatmaps, as well as provides up-to-date news and an economic calendar, displaying all pivotal global economic events. It is also a key tool for following market trends around Stocks, Crypto, Forex, Indices, Futures, and Bonds.

Some features found in TradingView are discussed below:

Chart+, which displays the trading panel, also enables the pine editor and allows users to flip through multiple screeners — stock screener, forex screener, and crypto pairs screener.

Screeners, provide data on stocks, crypto, and forex. Details on the overview, performance, and margin are also accessible in the Screener section. Screeners help users narrow down their choice of investment to access the best available investment opportunities.

Heatmaps on stock and crypto display the values of market cap and overall performance across various economic sectors.

TradingView also provides access to multiple options of brokers integrated with TradingView and their ratings, as well as the tradable assets - Crypto, Forex, or CFDs (Contract for Difference).

The help of the robust charting platform from TradingView makes it easy to read, examine, and create charts for any stock or crypto asset. The platform's availability for free use is what stands out as one of its most valuable assets.

As a user complaint tool, it hosts numerous tools that are included and enabled with its charting software. Within this section, one can be able to draw on cryptocurrency charts, as well as study the market.

To identify chart patterns, a user can draw shapes, and to identify candlestick patterns, the user can also alter timeframes or chart kinds. Furthermore, this tool has a broad spectrum to choose from concerning the selection of technical analysis indicators to make judgments based on detailed market data.

For users who may be sensitive to outlooks, TradingView offers a wide range of UI customization options. The chart can be customized down to the very last detail, and the same is true of the drawing tools and indicators.

Moreover, TradingView has a lively community that keeps its entire fold in place with specialized scripts (for indicators) and trading concepts. There are various social network capabilities on the site, including the ability to follow and add friends.

Nansen

Nansen is a blockchain analytics platform that provides investors, traders, and researchers with valuable information and actionable insights into the crypto market. It utilizes on-chain data to identify emerging trends, uncover whale movements, track DeFi protocols, and conduct due diligence on crypto projects.

The key features of Nansen include:

Smart Money Wallet Labeling: Nansen labels over 120 million crypto wallets, including those belonging to whales, venture capitalists, and institutional investors. This allows users to track the movements of smart money and identify potential investment opportunities.

Smart Alerts: Nansen sends real-time alerts to users when they detect significant on-chain activity, such as large token transfers, whale movements, and protocol risks. These alerts can help users make informed investment decisions and avoid potential losses.

DeFi Analytics: Nansen provides in-depth analysis of DeFi protocols, including tokenomics, liquidity, and user engagement. This information can help users identify promising DeFi projects and assess potential risks.

Due Diligence Tools: Nansen offers a suite of tools for conducting due diligence on crypto projects, including team profiles, token distribution, and code audits. This information can help users make informed investment decisions and avoid scams.

Overall, Nansen is a versatile tool that can be used by a wide range of users to make informed investment decisions in the crypto market. It is a valuable resource for anyone who wants to gain a deeper understanding of the crypto market and make informed investment decisions.

Messari

Messari is a top-rated website for researching cryptocurrencies. It offers charts featuring a dashboard with assets and a display of the asset's performances.

Screeners are also available to sift across various data to provide users with investable assets based on their preferences. The Messari Governor enables users to keep track of the DOA’s (Decentralized Autonomous Organization) activities.

Further, as a platform, Messari has access to a sizable online database that contains comprehensive data on the whole crypto market and also publishes articles of research-based reports on the financial market and its evolving realities.

Data for Layer 1 and Layer 2 projects, DeFi, Web3, and NFTs are all available. It's also possible to see a data terminal with every requisite information that is required about an asset when a click is made. Toned out with such data involves information like token metrics, community links, resource lists, links to the blockchain explorer, a description of the asset, and how it compares to peers.

It also has a tab that features its live news feed with a user interface and compiles content from several reliable news websites. Custom reports, in-depth analysis, and daily insights add up as further aids that Messari offers which are quite helpful.

Furthermore, it has other enticing features like its charts, which feature on-chain information like real market capitalization, active addresses, miner fees, and more. This goes on to enable the user to obtain precise and comprehensive information on each asset. The user can track and view all the metrics of the assets that are significant to him using Messari watchlists.

Glassnode

For on-chain analysis, Glassnode is yet another incredible crypto tool that is held in high esteem. Glassnode software collects information from several blockchain networks and keeps tabs on their behavior. Users then receive this information from Glassnode, which gives them unique insight into the condition and prospects of a network.

When investors became aware of significant Bitcoin payments in 2020, the platform gained popularity. Coins were rapidly leaving exchanges as news of MicroStrategy's Bitcoin investment spread. The community was made aware of institutional investors' presence and their decision to take cryptocurrency seriously. This stemmed from statistics that were garnered from Glassnode.

Several statistics are available on Glassnode, including those on active addresses, addresses with (or greater than) a specified balance, exchange outflows and inflows, supply distribution, and new address growth. It accomplishes this by examining blockchain data and turning it into an understandable chart.

The platform offers “Solutions” which include finding investors, investment opportunities, and prospects, carrying out market research, and information on building products. Users also get to access Glassnode products such as Crunchbase Pro, Crunchbase Enterprise, Chrome Extension, and Data Licencing.

Important Features on Glassnode

Glassnode Studio features Charts that display the performance of various financial assets.

The user dashboard contains a train of metrics covering supply, on-chain activity, transfer volumes, mining performance, and transaction fees, on the Bitcoin blockchain.

User “workbench” offers users the exclusive trade zone as well as access to the database which is also available for download.

TradingView is also integrated to help users explore on-chain metrics as well as compare technical indicators and drawing tools.

Users also get to customize alerts on their on-chain metrics and get notified via Email or Telegram.

Users can check market indicators on the Pulse section, also in the glass code studio.

Cryptowatch

One of the buzzes that brought Cryptowatch to the spotlight can be anchored to its ability to offer trade executions which was a promising steak to the industry back then and it was delivered as promised. Charting, asset watchlists, real-time price notifications, and multi-exchange connections are all included in the trading terminal known as Cryptowatch.

Users within the crypto space have also utilized this tool to detect projects where fresh transactions can be done and executed seamlessly. It's done in such a way that a user's terminal can be customized, and charts or statistics for several coins and exchangers can be added.

Additionally, Cryptowatch displays cryptocurrency leaderboards and details on specialized industries like NFTs and their Ethereum collections.

Key Features available on Cryptowatch

The Chart enables users to execute trade while also tracking margin positions, viewing trade history, open orders, and viewing holdings, amongst other things.

Users have the leverage to view financial assets, the current price, and market cap and assess changes in price within the last 24 hours.

NFT prices are featured on Cryptowatch, likewise the name of each NFT collection. Users gain access to price variations such as the floor price, 24-hour floor price chain difference, market cap, and the cost of financial assets at stake.

The Exchange feature provides data ranking on various exchanges including but not limited to Kraken, Bitfinex, Coinbase Pro, etcetera. Its liquidity health, the volume within 24 hours, live markets, the launch year, as well as location of the headquarters.

The Cryptowatch mobile and desktop applications are also available for download on the website and users can sign up on the website.

CoinMarketCap

Coinmarketcap serves as one of the veritable tools that most newbies refer to when they begin their crypto journey due to its far-reaching use and impact.

With CoinMarketCap, it's possible to view pricing information, cryptocurrency leaderboards, and market statistics. It has a simple user interface and displays cryptocurrency data of more than 5,000 tokens.

In most cases, whenever a user intends to have a glance at the activities and actions within the Crypto space, Coinmarketcap is a go-to search engine that easily serves this purpose. With CMC, one can do very little but also read brief overviews of a cryptocurrency, get links to useful resources, and check the prices of assets.

It hosts a section where it segments tokens into categories which allow users to get overviews of the performance of various types as well as potentially surface new projects.

CoinMarketCap features multiple sections on the platform with each hosting resource beneficial to users at the time.

The Cryptocurrencies section carries out the following activities:

It provides a ranking for each currency highlighting the current price, the upward or downward difference within the last 1 hour, 24 hours, and 7 days, as well as the market cap and volume.

It highlights recently added cryptocurrencies within the last 30 days.

It segments tokens into categories that allow users to get overviews of the performance of various types as well as potentially reveal new projects.

It highlights which crypto coins and tokens with a volume of less than $50,000 have gained or lost the most in the last 24 hours.

It spotlights the best cryptos based on the latest available data.

It displays a chart of the total cryptocurrency market cap.

The Exchange section ranks and scores exchanges based on traffic, liquidity, trading volumes, and stability in trading volumes. Further, the community section hosts news feeds and articles on changing market trends as well as provides insight into existing realities in the financial market.

CoinMarketCap also offers products such as a cryptocurrency converter, the Coinmarketcap mobile app, blockchain explorer, and a job board for job applicants within the cryptocurrency space. It also provides learning opportunities through conferences, articles, and research.

The Importance of Crypto Research

The significance of conducting thorough research extends far beyond merely making informed investment decisions. It encompasses several critical aspects that are essential for anyone involved in the burgeoning crypto space. They are:

1. Risk Mitigation and Informed Decision Making: Cryptocurrency markets are inherently volatile, and investment decisions carry substantial risk. Researching thoroughly allows investors to understand the nuances of various cryptocurrencies, blockchain projects, and market trends. This informed approach helps mitigate risks by allowing investors to assess potential risks and rewards more accurately.

2. Avoiding Impulsive Decisions: Without research, investing in cryptocurrency can indeed resemble gambling. Engaging in well-informed research fosters disciplined thinking and prevents impulsive decisions driven by emotions or speculative hype. It encourages a rational approach towards investments, reducing the likelihood of falling victim to market FOMO or speculative bubbles.

3. Understanding Project Fundamentals: Researching a cryptocurrency project involves delving into its whitepapers, understanding its technology, use case, the team behind it, and its potential for adoption or disruption in its respective industry. This comprehensive understanding aids in distinguishing between valuable projects with long-term potential and those with shaky foundations or questionable objectives.

4. Identifying Scams and Frauds: The cryptocurrency space is unfortunately rife with scams and fraudulent schemes. Thorough research helps in identifying red flags, such as promises of unrealistic returns, lack of transparency, or dubious project backgrounds. This knowledge protects investors from falling prey to fraudulent projects or Ponzi schemes.

5. Market Insights and Timing: Researching market trends and patterns helps investors identify potential entry and exit points. By studying historical data, technical analysis, and understanding market sentiments, investors can better time their investments, optimizing their chances for profitable trades.

6. Building Confidence and Conviction: In-depth research instills confidence in investment decisions. When investors thoroughly understand the fundamentals and underlying technology of a project, they can hold onto their investments during market fluctuations with a greater sense of conviction, avoiding panic selling based on short-term market volatility.

Conclusion

Conducting thorough research in the cryptocurrency space is paramount for both newcomers and seasoned investors. It's not only about making informed investment decisions but also about fostering a disciplined approach, mitigating risks, avoiding scams, and continuously learning in a highly dynamic and volatile market environment.

Thus, the research tools discussed above arms crypto investors, and researchers with on-chain data needed to sail through the volatile crypto market. Also, with these tools, you can observe who is purchasing the coin, learn about the buyers' profiles, and identify trends before anything is ever revealed. Overall, utilizing the tools discussed above enables you to do a more thorough examination of the protocols you're interested in and may eventually help you improve as an investor or trader.