Crypto Research Tools That Supercharged My Investing Strategy
Never speculate again.
There are more than 9000 cryptocurrencies on the market, but not all of them are a good investment. Just because it is available on a DEX like Uniswap doesn’t mean you should swap your money for it.
If you are familiar with the stock market, each stock has some fundamentals that can be analyzed and help you better understand if the stock (company) is worth investing in (e.g. financials, niche, CEO, vision, etc.).
Cryptocurrencies also have some fundamentals that can be analyzed. If you have been buying just because you saw the chart go up or because a friend told you to (like I did for a while), then you are not investing, but speculating.
Speculating is similar to gambling. You mindlessly put your money into some asset or bet and hope for the best. You mostly have a 50% chance of success, which is far from ideal.
Investing requires patient and careful research and there are tools out there that can ease the process. For your information, I am not sponsored by any of these companies. Let’s take a look, shall we?
CoinMarketCap
The best starting point for our crypto research journey is CoinMarketCap. There we can find a lot of useful information…
