In this article, I have listed the FREE tools you need to understand and analyze cryptocurrency projects in the best way. Let's start examining them in order.
TokenUnlocks:
This site keeps track of when tokens of cryptocurrency projects are locked and released. This can help you evaluate the liquidity and sustainability of a project. Since token expansions may create sales pressure, it would be beneficial to know in advance.
Defillama:
This site tracks data from decentralized finance (DeFi) protocols. This can help you keep up with the latest trends and developments in the DeFi ecosystem.
Additionally, you can track data such as Total Locked Amount (TVL), user and Dapp numbers in DeFi projects. One of the features I use most is to find projects that are still inferior in price even though their TVL is higher than equivalent projects. This allows me to take positions before many people in the market.
Nansen:
This site provides data and analysis to cryptocurrency investors. This can help you better understand the cryptocurrency market and make better investment decisions.
Messer:
This site offers comprehensive research and analysis on the cryptocurrency market. This can help you gain a more in-depth understanding of the cryptocurrency market. Although there is a fee to see some tools and features, it is possible to perform many operations for free.
CoinMarketCal:
This site tracks upcoming events about cryptocurrency projects. This can help you track the development of a project and identify investment opportunities.
The most important metrics we will use in the basic evaluation of projects are the developments, events and milestones experienced in the project. For this reason, following every event and development allows us to get ahead in the market.
CoinMarketCap:
This site provides an overview of the cryptocurrency market and allows you to track prices, market capitalizations and volumes of different cryptocurrencies.
CryptoCompare:
This site offers a comprehensive analysis of the cryptocurrency market. It provides a large data set of prices, market capitalization, volume, technical analysis and news.
TradingView:
This site allows you to monitor the cryptocurrency market with charts. You can follow price movements in different time periods and use technical analysis tools.