10 best crypto tools for analysis and crypto trading

The best crypto tools should help traders accurately judge market sentiment when placing trades. They are crucial in helping determine whether it is the right moment to enter or exit the market. In this article, we have compiled an in-depth analysis of the best crypto tools for market analysis and trading so you don’t have to guess your next move in the market.

Top crypto tools

1. TradingView –  Super-charting platform and social network for traders and investors
2. CoinStats – Beginner-friendly crypto portfolio management platform
3. BubbleMaps V2 – Best tool for intuitive blockchain data visualization
4. Cryptoneur – Easy to use gas fee calculator
5. DefiLlama –  Best for DeFi insight
6. Dune Analytics – All-in-one crypto data platform
7. Messari – Trusted crypto research and reports platform
8. CoinGlass – Best platform for futures trade analysis
9. Tokenomist – Complete solution for supply-side tokenomics data
10. CoinGecko – Real-time fundamental analysis of the crypto market

Best Crypto tools reviewed

When creating this list, we prioritised the tools’ popularity among traders and utility. We also considered their reliability and user reviews. While some tools may look complex, understanding their functionality can help you better understand the market and upgrade your trading skills.

TradingView: Super-charting platform and social network for traders and investors

TradingView is a social charting platform with over 100 million traders and investors. It has built a community around charting tools that supports open discussion and self-expression, making it one of the best finance tools for any trader. TradingView charts cover all forms of financial instruments, including futures, crypto, stocks, and more, all accessible from a single account. 

TradingView stands out for its flexibility. For starters, the platform supports coding scripts in the Pine programming language. This means users can use pre-integrated data with self-built tools that integrate smoothly with the chart. Second, the charts feature hundreds of customizable settings, such as currency, language, and commissions. 

TradingView stands out from the competition by supporting up to 16 charts per screen, a powerful search function, custom formulas using math operations, and custom chart intervals, including range and second intervals. What else, you can place trades on the platform after analysis. 

 

Tool type	Chart analysis
Complexity	Advanced
Pricing	Free, paid plans start at $13.99 per month
Alternatives	MetaTrader, TrendSpider, Thinkorswim

How does TradingView help?

TradingView provides advanced chart analysis tools to help you analyse market sentiment or time the market. The platform removes guesswork from trading through logical technical analysis, real-time market updates, and social commentary.

Pros and cons 

Pros:

• The free version has features and tools for both beginner and mid-level traders.
• Highly customizable charts are adjustable to your trading goals.
• A large, vibrant community of over 100 million traders.

Cons:

• The large selection of customizable features can be confusing, especially to beginners.
• Paper trading comes with ads and limited features.
• Steep learning curve for advanced features.

CoinStats: Beginner-friendly crypto portfolio management platform

CoinStats is a portfolio management platform for Web3 assets. It connects with over 300 crypto wallets and exchanges in one place, helping you track your portfolio performance. CoinStats is highly customizable; for instance, you can set crypto alerts to avoid missing your market entry or exit point.

Some other features available at CoinStats include a crypto profit calculator, Uniswap V# liquidity analytics, an impermanent loss calculator, a crypto converter, a Bitcoin rainbow chart, an Ethereum rainbow chart, and a Fear and Greed index. The platform also features widgets that provide quick access to information or functionalities right from your homepage. 

 

Tool type	Portfolio management
Complexity	Mid-level
Pricing	Free, paid plans start at $13.99 per month
Alternatives	CoinTracking, CoinLedger, Crypto Pro

How does CoinStats help?

CoinStats helps you research, track, and manage cryptocurrency from a single interface. The platform is also packed with services like crypto alerts, market analysis, and artificial intelligence (AI)- powered price predictions. It supports over 1,000 decentralized finance (DeFi) protocols and over 10 blockchain networks.

Pros and cons

Pros:

• Segregates your crypto and NFT assets into separate tabs for easy organisation
• Built-in swap feature adds convenience to managing your digital assets
• Powerful search function to find any crypto transactions from multiple chains on one wallet

Cons:

• The automatic import feature may fail to import assets from wallets, prompting manual input.
• Staked assets need to be manually added as well.
• Steep learning curve for beginners.

BubbleMaps V2: The Best tool for intuitive blockchain data visualization

Bubblemaps is a blockchain data visualization tool that simplifies on-chain analysis through interactive bubble visuals. The tool aims to make complex blockchain data more accessible, empowering users to explore token distributions and wallet activity. Bubblemaps V2 is free, and advanced features like profit-loss computation and cross-chain analytics are available to $BMT holders.

By default, the bubble map of a token shows the 250 top holders, with the size of the bubble representing the number of tokens they hold. Arrows between bubbles show token transfers. The visualization is interactive, allowing you to explore token distributions over time. You can also zero in on a specific wallet, allowing you to analyse its activity over time.

 

Tool type	Blockchain data visualization
Complexity	Advanced
Pricing	Free, advanced features for $BMT holders
Alternatives	Dex screener, TokenAnalyst, Unmarshal

How does BubbleMaps help?

Bubble maps are a data visualization engine that brings sense to the highly discrete blockchain space. With BubbleMaps, you can analyse raw data to derive meaningful information, such as the transparency of token distribution or the decentralization of a decentralized autonomous organization (DAO). It also provides insights into your blockchain transactions and DeFi escapades.

Pros and cons

Pros

• Highly interactive interface
• Most features are available for free
• Can quickly identify potential issues with DeFi protocols

Cons

• Limited browser compatibility
• Potential scalability drawbacks with large data sets
• While appealing, the bubbles may not be universally understood.

Cryptoneur: Easy-to-use gas fee calculator

Cryptoneur is a gas fee calculator for any DeFi entrepreneur. The calculator, all on one page, can estimate your gas fees (blockchain translation fees) in your local currency. You can filter the fees depending on the transaction type and transaction speed.  The platform then compares and displays the gas fees across over 10 blockchain networks. 

The platform also features an up-to-date database of 45 web3 grants that you can filter and search by category, amount, and more. Cryptoneur allows you to customize alerts for new grants and gives you valuable insights on the grant application process. They also offer mentorship for your grant application process.

 

Tool type	Gas fee calculator
Complexity	Mid-level
Pricing	Free
Alternatives	Artiffine, Iron wallet, Gasfees.org

How does Cryptoneur help?

Cryptoneur is a valuable resource tailored for the ambitious Web3 entrepreneur. It helps you cut costs and save time when exploring DeFi applications.

Pros and cons

Pros:

• Easy to use
• Instant output
• Available in both dark and light mode

Cons:

• Does not support the Bitcoin, Algorand, and SUI blockchains.
• Not all local currencies are supported.

DefiLlama: Best for DeFi insight

DefiLlama is arguably the largest TVL DeFi aggregator in the blockchain space. A data aggregator is a platform that collects data from various sources, processes it, and combines it into a usable dataset. The data is open source and supported by contributors from hundreds of DeFi protocols. 

Numbers show DefiLlama analyses data from 6,089 protocols, 409 blockchain networks, revenue for 1,171 protocols, and volume for 816 decentralized exchanges (DEX).  Examples of information you can get from the platform include yields, stablecoins, volumes, token unlocks, hacks, exchange traded funds (ETFs), exchange transparency, total value locked (TVL), fees, and revenue, among others. 

 

Tool type	DeFi data aggregator
Complexity	Advanced
Pricing	Free
Alternatives	Dune analytics, L2Beat, DEXTools, CoinMetrics

How does DefiLlama help?

DefiLlama is your go-to platform for analyzing top DeFi applications and blockchain networks. The platform is committed to providing accurate data without ads or sponsored content and transparency.

Pros and cons

Pros: 

• Free open-source platform and free API.
• Lots of insight for deep research
• Go-to platform for TVL analysis

Cons:

• The interface can be confusing for new users
• Data overload that a user will have to search through

Dune Analytics: All-in-one crypto data platform

Dune Analytics is a comprehensive crypto data aggregator that enables users and businesses to streamline their data requirements through interactive dashboards. The platform supports over 100 blockchain networks, giving users greater flexibility with their data needs.

The platform is also open-source and community-driven. You can sign up and explore insightful dashboards from other users or publish your ideas. The database is expensive, but it allows you to query data with SQL, stream data via APIs, and use DataShare. Dune also grants you access to historical blockchain data.

 

Tool type	Data platform
Complexity	Advanced
Pricing	Free, paid plans start at $48 billed annually
Alternatives	Glassnode, CryptoQuant, Flipside Crypto

How does Dune Analytics help?

Dune Analytics helps data scientists analyze blockchain data and create intuitive dashboards that help track progress and guide decision-making. Dune Analytics provides a data pipeline from more than 100 blockchains for enterprise-level platforms.

Pros and cons

Pros:

• Over 1.5 million published data sets are ready to be explored.
• You can upload your blockchain to create custom dashboards.
• Insightful and intuitive data presentation.

Cons:

• Steep learning curve, best suited for data entrepreneurs.
• The platform may be confusing for first-time users.
• Queries can be slow when dealing with large datasets.

Messari: Trusted crypto research and reports platform

Messari is a crypto intelligence platform providing data, research, and analytics to help you navigate DeFi more confidently. Messari publishes its reports regularly to update you on the latest market happenings. 

Messari also provides insightful blockchain data sets. These include exploring and comparing crypto assets, multiple exchanges, blockchain networks, and entire ecosystems. Messari co-pilot is an AI chatbot that provides comprehensive crypto insights by leveraging its institutional-grade research, data, and analytics. The Copilot gives quick, concise, and accurate answers with complete citations.  

 

Tool type	Crypto intelligence
Complexity	Mid-level
Pricing	Free, paid plans start at $120 billed annually
Alternatives	Nansen, Arkham Intel

How does Messari help?

Messari is a market intelligence platform focused on the crypto economy. It provides data, research, and analytics to help you confidently participate in the evolving world of crypto and Web3.

Pros and cons

Pros:

• The free version grants you access to daily newsletters, quarterly reports, and basic data on cryptocurrencies, DAOs, and cryptocurrency exchanges.
• Customizable alerts and integrations.
• Offers asset and portfolio tracking services.

Cons:

• The interface may be confusing to first-time users.
• You need a paid plan for a more personalized experience.
• Limited access to Copilot with the free plan.

Coinglass: Best platform for futures trade analysis

Coinglass is a cryptocurrency futures trading terminal that doubles as an information platform, providing users with real-time insights and analysis services.  The insights include comprehensive derivative market data, including price trends, cryptocurrency futures trading volumes, open interest, funding rates, liquidations, options data, etc. The platform also allows users to create customizable trading strategies.

Coinglass features multiple technical indicators for trend analysis. These include the MACD indicator, RSI heatmap, Bitcoin historical volatility, Puell Multiple, Bitcoin Power Law, and Bitcoin Thermocap. Specific tools to decode market structure, such as trading session heatmaps and visual screeners, are also available. CoinGlass also helps track “whale” activity and provides strategy development and portfolio optimization tools. 

 

Tool type	Technical analysis
Complexity	Mid-level
Pricing	Free, paid plans for APIs
Alternatives	CoinMarketCap, CoinGecko, TradingView

How does CoinGlass help?

CoinGlass provides comprehensive market data and analysis tools, particularly for futures and spot markets. It offers real-time insights into market conditions, liquidation events, funding rates, open interest, and sentiment analysis, enabling you to make decisions and manage risk effectively.

Pros and cons

Pros 

• Insightful tools, particularly for technical traders.
• Free to use platform.
• Offers real-time market insights.

Cons

• The technical indicators may be difficult to understand and implement, particularly for beginners.
• Does not offer paper trading to test out trading strategies. 
• The interface includes ads, which may be distracting.

Tokenomist: Complete solution for supply-side tokenomics data

Tokenomist is a token analytics platform providing insights into vesting token unlocks, tracking supply execution, and tokenomics analysis. The platform aggregates data from on-chain and off-chain sources like vesting disclosures, whitepapers, and smart contracts. 

Following token unlocks, the price of a token is likely to drop as new tokens flood the market, helping you time your entry or exit from the market. You can get information about which token will unlock, when, and how many tokens will be released in the market. 

 

Tool type	Tokenomics
Complexity	Mid-level
Pricing	Free, paid plans start at $83.40, billed annually
Alternatives	Dropstab, Unlocks Insights, Root Data

How does Tokenomist help?

Tokenomist helps you analyse the tokenomics of a crypto project, including its total supply and emission schedule. Such information can help you judge the integrity of a project by how the market responds to the emissions. 

Pros and cons

Pros:

• Powerful search function for any crypto project.
• Can help track and identify market manipulation.
• Self-listing feature allowing you to publish the vesting schedule of your crypto project.

Cons:

• Token unlocks are not a guarantee of price drops
• The free plan analysis period is limited.

CoinGecko: Real-time fundamental analysis of the crypto market

CoinGecko is your crypto Wiki, giving you instant access to pricing information of over 18,000 cryptocurrencies. This includes price changes across time frames, trade volume, market cap, and price trend. CoinGecko delivers accurate, reliable, in-depth information from thousands of data points.

CoinGecko insights go past cryptocurrencies. You also get detailed insights about crypto exchanges and non-fungible tokens (NFTs). The insights include NFT prices, exchange rankings across multiple parameters, etc. The platform is easy to navigate, making it one of the most popular and basic crypto tools for beginners and advanced-level traders.

 

Tool type	Tokenomics
Complexity	Beginner
Pricing	Free, paid plans start at $1,238, billed annually
Alternatives	CoinMarketCap, CoinCodex, LiveCoinWatch

How does CoinGecko help?

CoinGecko is an essential tool for every crypto enthusiast due to its intuitive, easy-to-navigate user interface. It provides an overview of the general status of the market, including price changes and market trends, complete with price charts and market commentary.

Pros and cons

Pros

• Beginner-friendly user interface.
• Most features are accessible without an account.
• Provides a comprehensive overview of the market in real-time.

Cons:

• Paid plans are expensive.
• While the site is easy to navigate, unfamiliarity with crypto terminology and concepts may pose a challenge.
• Limited customer support.

What should you look for when considering a crypto tool?

Security and privacy

The tool should offer features that protect user data and funds. Security features to look out for include data encryption, multi-factor authentication, and third-party audits. Check whether the platform is custodial or non-custodial. Custodial platforms hold and control your funds, while non-custodial platforms give you complete control. 

Functionality and features 

Based on your needs, check the platform’s features and functionalities. Features like automation help streamline your process. Check for extra features like wallet integration and live chat customer service. 

Decentralization and control 

Check the platform’s governance model. Open-source platforms are more transparent and usually have a loyal community of users and developers. Decentralized platforms run on DAOs, meaning no single authority controls the platform. 

User experience

Many Web3 tools have multiple features that make navigating difficult for new users. The Web3 ecosystem may also consist of terms that may confuse new users. Take time to learn the functionalities. Also, check whether the platform has a mobile application or is compatible with your browser.

Fees and cost structure

Most crypto tools start free but have a tiered fee structure for more detailed services or products. Based on your needs, compare the fee structure of different platforms and what each subscription offers.

Reputation and community 

For reputation, you can check user reviews from third-party platforms like TrustPilot. Look for repeated complaints and whether raised concerns were resolved. You can also check developer activity by checking the platform’s GitHub repository for improvements.

What are the tools a crypto trader should use?

Every trader needs a tool to track crypto prices, measure market sentiment, and check the authenticity of a crypto project. Without the right tools, it can be challenging to determine these factors. Crypto tools use both on-chain and off-chain data to create dashboards that can be interpreted to assist in trading decisions or tracking progress.

So, traders will need a tool like CoinGecko to track cryptocurrency prices in real time and TradingView to analyze crypto prices on different timeframes with price and trend indicators. 

For the experienced trader, CoinGlass will give you deep insights into the futures market, while Tokenomist will help you gauge the authenticity of a project’s tokenomics. A beginner-friendly tool like CoinStats will help you manage your crypto and NFT portfolio.

Conclusion

Crypto tools, like any other tool, help you meet a goal. The more experience you have with a tool, the better it can serve you. Therefore, every trader must learn about the best crypto tools in the market to make better moves. Tools help traders gauge market sentiment, which is critical in determining whether to enter or exit the market. Wrong judgment could mean losses on your hard-earned money.