In the world of crypto, data is king and being able to simplify data is the king maker.
This article discusses 5 cryptocurrency platforms and tools crypto millionaires use to stay ahead of the game and make money in the cryptocurrency investing space.
The platforms listed can help you with real-time market insight, helping you make well-informed cryptocurrency investment decisions. When strategically used, they can put you at a profitable advantage both in the short and long term. Even better when you can use them together in the course of gathering market insight and intelligence.
Cryptopanic.com
Cryptopanic.com aggregates cryptocurrency news and information from all around the internet. Crypto millionaires are using information on cryptopanic to comprehend and analyse market sentiment in order to make better short and long-term decisions.
Aside from being a news aggregation website, users may also vote to classify crucial price signals or news as bullish or bearish, save stories, get quick updates on hot topics, and manage their investment portfolio.
Tradingview.com
Tradingview.com is the best social networking site for cryptocurrency traders and investors. Some call it the Linkedin of cryptocurrency.
Whether you are a newbie or a veteran, the level of market insight you can get from tradingview.com can not be overstated. In fact, many of your favourite crypto millionaires and gurus use tradingview.com. Even the top exchanges use tradingview’s chart API on their platforms.
Tradingview is arguably the best social community with the most advanced cryptocurrency chart in the industry for technical analysis. Using charts on tradingview.com, investors are able to discover price patterns and market movements in the financial markets in general, not just the cryptocurrency market.
New crypto traders and investors are not left out as they can follow, copy and learn from experienced traders. As a newbie on tradingview.com, you can also select from 100s of indicators including “buy and sell” indicators to help you get started. However, it is advised that you do not totally rely on technical indicators to determine your trades.
Lunarcrush.com
Lunarcrush is a social media aggregator that uses machine learning algorithms to collect and analyse crypto-specific data from social media insights. The system is meant to help traders and investors find bullish cryptocurrencies before they increase in value.
One really simple way to start gaining from Lunarcrush is to take advantage of its “Coin of the Day” feature. Coins mentioned as “Coin of the Day” on Lunarcrush are likely to pump within the first few hours of mention. There are also other features worth learning about including but not limited to the AltRank and Galaxy Score features. Learning to use them in combination with other tools like tradingview.com can create real value for you.
Coinmarketcal.com
CoinMarketCal.com is a cryptocurrency news and economic calendar website that provides information on upcoming crypto and blockchain related events. Events such as a new project upgrade, a new listing, or token burn can influence the price of a cryptocurrency token before, when and after they happen. Keeping tabs of these events can help cryptocurrency traders and investors make informed investment decisions.
Ledger Nano S
We can’t discuss tools and platforms used by crypto millionaires without mentioning the offline cryptocurrency wallet, Ledger Nano S.
Successful crypto millionaires know that it is not advisable to leave crypto-assets in exchanges especially in large amounts. Taking your crypto-assets offline is perceived as the safest way to secure your assets.
Using a hardware wallet like the Ledger Nano S, your crypto-assets are stored offline providing more security against hacks. It is more important today to have hardware wallets more than ever before.
Being able to have your crypto-assets offline means you truly own your assets. You can also buy, sell or stake your crypto-assets directly on your Ledger Nano wallet by connecting to Ledger Live via a desktop or mobile phone.
Ledger Nano has a massive user base with more than 1,800 cryptocurrencies supported. A new original Ledger Nano S would take an investment of about $70.79 when you buy directly from the brand’s website. The family pack which includes 3 sets of the Ledger Nano S will cost you about $167.71 which is quite affordable compared to getting hacked and losing all of your crypto.
Tradingroom.io
Tradingroom.io is a cryptocurrency social learning application used by crypto millionaires to identify trends and top cryptocurrency movers quickly. There are 3 main features to note on tradingroom.io. They are the Price Action Scanner, RSI Scanner and the Volume Scanner.
The Scanner helps with tracking Fibonacci levels. The Scanner monitors 300 Binance cryptocurrency pairs in real time across 8 periods = 2400 charts, providing you with a comprehensive picture of where the market is heading in different timeframes.
To conclude, it is very likely that you are familiar with some of the above websites and tools if not all of them. There are more platforms used by successful crypto millionaires and investors that can help make your crypto investing journey worthwhile. However, using too many platforms and tools for market analysis can be time consuming and confusing. It’s always best that you select a few that align with your overall strategy and goals.