Steemit Cryptoacademy Contest [S7W5] || Cryptocurrency ToolssteemCreated with Sketch.

in hive-108451 •  2 years ago 

20230212_185659_0000.pngedited with canva

I am fully back for the calendar year. once again I appreciate the great community for their great hardwork in seeing that every week has an interesting contest. I enjoy posting in the community I would be dropping entry for Steemit Cryptoacademy Contest S7W5 It remains a thing of joy to participate in this contest once again.

Cryptocurrency tools is a nice topic to share with us about today. I would gladly participate. These tools guide lots of users in the world of cryptocurrency and remain glad to unravel the truth and in-depth knowledge of the cryptocurrency tools.


My Understanding Of Cryptocurrency Tools ad Some Of The Tools I know In The Cryptocurrency Space



Cryptocurrency Tools are special guide and aids provided in the cryptocurrency field that assists passionate cryptocurrency users to your the crypto space with ease and little or no complications.

Additionally, the cryptocurrency tools aids users to easily monitor assets substantial prediction of the future of tokens and assets in synergy with proper security of assets of investment, for a safe profitability in cryptocurrency.

A highlight of special features of these cryptocurrency tool Is that there are no boundaries or restrictions to people who can use the cryptocurrency tool. It is readily available and asessible from the comfort of your homes.

Some of these cryptocurrency tools include;

Coin Gecko:
The Coin Gecko is a highly sophisticated cryptocurrency tool providing database for expert market analysis and also for tracking lots of crypto assets. The site provides option for charts, graph and a host of other parameters bin place for statistical analysis into cryptocurrency assets and ways of tracking the overall performance of crypto assets. Coin Gecko provides useful information as regards knowledge in coins and assets, special features such as, trading volume, market capitalization and a host of other great features.

Binance:
This is yet another special cryptocurrency tool, as it is a global platform. It is noted internationally as one of the safest exchanges to store and save assets.

Furthermore, Binance is a great cryptocurrency took to enhance free trading of assets, it has the P2P feature for trading assets against currencies. It has the Spot Trade and the Futures Trade column where expert analysts predict and invest their assets too. It is a complete package. A home for expert investors, remaining an expert cryptocurrency tool.

CoinMarketCap:
CoinMarketCap is one of the top rising cryptocurrency tool. It is very sophisticated and shoes details of basically every thing you need to be successful on the cryptocurrency space.

Moreso, it shows details of time s with special aids that enable users store assets, compare these assets against themselves and also duly analyse details into the impact of various trading strategy on these assets.

Additionally, it provides details into the updated performance of various assets and approaches towards tracking the market cap and trade volume of cryptocurrency listed. It is very easy to use and requires no fees, incorporating millions of cryptocurrency enthusiasts to come join, invest and analyse digital assets on the site.


Which of the tool mentioned is your favorite and why do you prefer it above others? Include how long you have been using it.



All tools mentioned above are really interesting. But I prefer the CoinMarketCap. The reason being that I have learnt the system for about 24 months now and I find it very easy and less stressful to navigate through.

Reasons why I like the CoinMarketCap are thus;


Easy Accessibility


The site is easily accessible without service charges to sign up, you could sign up easily without problems or challenges. It is accessible any day and anytime.


Updated Database System


The CoinMarketCap has updated database of tokens, assets and coins, informing the crypto populace on updated trends in cryptocurrency too. The possess updated areas in trading volume, up to date market capitalization and basic information a trader needs to orchestrate a good and formidable trading strategy for success in cryptocurrency.


Simplified Interface


The CoinMarketCap is very easy site to navigate. There are self explanatory icons and less complicated tech of some sort. It has an easy interface with self explanatory guides to obtain success on the platform.


Prepare a step-by-step guide on how to use your favorite tool in a way that new users can utilize it to have an overview of the market. Do include different features of the tool. (Screenshots required)



The CoinMarketCap is very easy to use when you intend to use it.

Step 1:
Click on the CoinMarketCap link when it displays you could see all the exotic features that comes with the site.
Screenshot_20230212-170718.png

Step 2:
Click on the 3 dashes at the top corner of the site and you would be graced with more feature than you expect.
iMarkup_20230212_190050.jpg

Step 3:
You could also explore more features too as you get through to new interface as shown below. You could create an account and do a whole lots of things on the site as you can see for yourself.
iMarkup_20230212_190921.jpg

This is just a self explanatory site as we can see. All can access the site and do a whole lot of other things too, through exchanges, cryptocurrency, choosing portfolio and adding preferred prospective cryptocurrency to your watchlist too.


Highlight the advantages of crypto tools. Do you think that the tools available at the moment are efficient? Would you like to see another one that serves a different purpose.



Cryptocurrency Tools is of immense advantage to the cryptocurrency ecosystem.

  • They are easily accessible requiring no tax or fees to join, they provide aid at the expense of nothing to learn the expertise of cryptocurrency.

  • Profitability is acrucial advantage as it provided guides to enable thousands of cryptocurrency enthusiasts to make profit without paying a dime in major trades they embark on.

  • The trading watchlist in cryptocurrency tools enables users to forsee prospective gains in cryptocurrency, thus enabling them success in prediction and trading of assets too.

  • These cryptocurrency tools are not costs sites. Therefore they are affordable to use, just requires data connection or WiFi in places to explore the beauty of these cryptocurrency tools.

Additionally, I would love to see improvement in the cryptocurrency tools as the need to be more efficient. Lots of cryptocurrency traders encounter problems even after adequate forecast and prediction of the market analysis, most times they loose heavily and it serves as a problem.

Therefore is an assured AI can be in place to ensure all predicted analysis play out as planned it would boost confidence in the investors who do not want to loose assets therefore reduces their risk.

However, with this additional AI investors can boldly invest assets and thus gain high ROI If this solution is made I guess I can say cryptocurrency is highly efficient.


Conclusion



I hope we enjoyed my publication. The crypto tools are proper to guide us to achieving success in cryptocurrency, they aid in navigating your decision and strategy to be successful in the world of cryptocurrency. I invite @drhira @fantvwiki @steemdoctor1 to join contest too.

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You have explained well on the topic under consideration my friend. Crypto tools helps us to make a better trade because they possess all the information need to carry out effective trading. You have also given a step by step guide on how to use the coinmarketcap which happens to be your favourite. I wish you success in this contest my friend.

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