A brief understanding of how on chain analysis works will be needful.
On chain analysis involves monitoring the verified transactions and analysing the funds movements on a public blockchain.
These on chain data are freely accessible through block explores like Ether scan and Bsc scan.
On chain data information allows you to see what the big bag holders are buying and selling. You can also use the on chain data information to predict market trends and understand market sentiment.
Which could in turn reveal good opportunities to invest and make profits.
Here are some other ways to make money in the crypto space
Looking for a crypto coin or token that could potentially 10X can be easier than you think. We have been in the bear market for like 2 years now since the previous massive uptrend.
Now, many investors and traders are in search for that coin that will make them lots of profits.
A simple tip that could help you find cryptocurrencies with massive potential is by picking an industry that has a decently hyped community about several projects in their ecosystem.
For example: you can research coins and tokens in Industries like AI, GAMING & DESO because people seem to be interested in it. (not financial advice, this is my personal opinion)
Trading futures is another good option but it is very risky. Many new traders have blown their entire crypto portfolio due to some trading mistakes that could be avoided if they have studied the market well and worked on their strategy.
