“Price is what you pay. Value is what you get,” said Warren Buffet, chairman and CEO of Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. Warren Edward Buffett is an American business magnate, investor, and philanthropist.
Cryptocurrency is the digital form of currency that is used as a medium of exchange and the records of coin ownerships is stored in a ledger. It is one of the easiest and safest methods for your investments as it uses a decentralized method to secure all your data. If you want to trade in crypto, then you can make use of some tools that can help you in better trading.
Here are 5 Best tools for Cryptocurrency Trading:
It cannot be possible for you to trade in cryptocurrency without including yourself in trading view. The Trading view provides values to both the investors and the traders.
Well, trading view is useful for both professional traders as well as newcomers. For people who want to gain knowledge about cryptocurrency or want to know how to compile a technical analysis then this tool is best for them. It provides you the complete insight into your trading including tips and tricks for your successful trading; also it provides you overall market analysis in the shape of charts and historical comparison.
If you are new to trading then CoinGecko is just for you. If you are aware of CoinMarketCap that can offer you to track and measure your coins. CoinGecko is a bit better and along with track and measure, it also uses some additional key features like market capitalization, liquidity, and Public interests. It is completely free and also provides you additional tracking features like community growth, open-source code development, and project code progress.
Cryptowatch is also a free tool and allows you to track your favourite cryptocurrencies. It offers you all major exchanges like Bithumb, Bittrex, Coinbase Pro, and Bitfinex to provide you real-time charting, market data, and trading services for cryptocurrency. Cryptowatch uses its own APIs to provide real-time data for cryptocurrency exchanges. It also offers you to use of popular charting tools and indicators like RSI, MACD, moving averages, and many more.
As a short-term trader, the Bitcoinity tool is best for you. It provides your real-time insight through charts and stats for your bitcoin metrics. The Bitcoinity site gives you complete information about the buying and selling of your cryptocurrency exchange through a bitcoinity table.
One of the best features of this site is it allows you to see combined liquidity for all your important exchanges.
It is a free tool and if you are comfortable with TradingView or Cryptowatch, then TensorCharts can be a good next for you. But remember if you are new to trading, this tool will make you confuse with their advanced charts if don’t know what to look for. Unlike Bitcoinity, TensorCharts uses heatmaps for order books.
The heatmaps take data from order books from different exchanges and it shows red and green blocks to indicate order filling.
Mogul Productions Reddit is one of the examples that are using the decentralized method and has developed the first continuous organization model to bring Decentralized Finance (Defi) to film. Using bonding curves* and decentralized, autonomous smart contracts Mogul Productions Reviews are able to provide dynamic pricing, liquidity, and more.