A new tool that helps currency traders make better decisions about their investments

in #crypto7 years ago

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If knowledge is power, digital currency traders today will be stronger than they were before. This is because the range and function of the analytical toolkit is improving day by day, offering investors many options. Sites such as Onchainfx are constantly adding new features, enabling traders to make more informed decisions based on data sets.

Investors today have a wealth of analytical tools

From technical analysis to fundamental analysis, the best traders are sparing no effort in finding the jeweled coins from digital currencies. Low-value currencies, along with a strong development team and currency projects with a potential of up to 10 times that of the former, are preparing for a new round of confrontations. All this and much more can now be collected in a few simple clicks. There is no need to connect to APIs and to create ideal spreadsheet formats, because these ideal tools do all of these things.

Onchainfx is a starting point for many researchers. Alternative currency information, such as 24-hour daily trading volume, day trading, NVT, short-term ROI and ROI, can be collected by enabling the appropriate check box on the right margin of the screen. You can click the column to filter the results as you want. On this week, Onchainfx updated its analysis by adding Github data and reports. It has been possible to classify currencies based on the number of stars owned by Github and placed by observers, commentators and added and deleted sentences as well. Now there is no longer any argument for the surrogate surfers.

The only place I could easily compare this information was Cryptomiso. According to Onchainfx, the most crowded projects over the past 90 days was Lisk followed by Tron and EOS, and the less talk about Dogecoin in Github activity was the better situation. For those who attach great importance to Github's classifications, Darpal's rankings go into more detail.

Streamline data on Live Coin Watch

Live Coin Watch is another site that makes data more enthusiastic. The best thing about this digital currency tracking site is its ability to customize. In the toggle button, you can browse the lowest currencies. When combined with Github's digital currency activity data or with the bid price against the Betquin, you will be ready to identify alternative currencies sold at low cost.

For more serious traders, who sit behind the devices to monitor the tables and calculate the correlation factors for daily returns, the Coinmetrics.io platform has the useful tool. It is not the easiest platform available, but the data it provides to people with tireless efforts is enough to reduce all the fatigue and effort to understand. Even the simplest tables provided by Coinmetrics, such as the timesheet over which the RSI index for the 75th octopus is made, provide useful data.

After all the facts have been shown, all patterns will become clear evidence when markets are overbought or sold. Given the time it takes to use business decision guidance, it is more difficult than it seems. Under current market conditions, alternative digital currency trading is currently risky. But the time has come to build and learn, and the tools you add to your equipment arsenal will now be of great value when it comes time to venture into alternative digital currency markets again.