As you continue to diversify your crypto portfolio and gain more experience, the more difficult it becomes for you to keep track of the value of each coin. Blockchain technology is continually being further innovated, yet there’s lacking credible sources for actionable information on the crypto market. Because of this, numerous crypto monitor tools have entered the market to help block out the noise and give an insightful and data-driven report on the current crypto trends and market behavior.
In this article, we are going to dive deep into how we can track cryptocurrency and what are tools to watch out for when choosing a tool for you.
To keep track of your crypto, essential tools to use include cryptocurrency portfolio trackers so that you can easily see the changes that happen in your portfolio and monitor the changes in price at every hour of the day. This way, tracking your investments over time has become a less tedious task for you.
What to look for in the best site for crypto monitoring?
When looking for the best site to monitor cryptocurrency, there are a lot of factors that you have to consider.
First, the most important factor is that it should be making use of a reliable set of data and consistent with the updates on the market data. CoinSocialStory collects data from verified exchanges, making it a credible crypto monitoring.
Second, there should be no hiccups with the synchronization of data as the old saying goes, “Time is money!” With CoinSocialStory, data is updated approximately every 10 seconds.
Lastly, you must be able to easily navigate through the market capitalization, trading volume, price charts, and other types of data in one place. CoinSocialStory enables you to go through these different features easily, speeding up your learning process.
How to monitor crypto prices?
In order to monitor crypto prices, you may have to use a cryptocurrency price tracker. Using the crypto price monitor, it has all of the current value of digital currencies, price charts, and capitalization. Since the accuracy of a specific crypto tracker affects the decisions of an investor, you as a crypto investor need to choose the right one that fits your needs. In CoinSocialStory, we monitor the prices approximately every 10 seconds to provide the most up-to-date prices for all of the coins.
The cryptocurrency price monitor for the market price is the current price wherein you can buy and sell your coin assets. This can easily be affected by the political climate, state laws, and other government regulations.
Also, the use-case of that coin dramatically affects its price as well; a higher use-case will indicate a higher price value for that specific coin. In short, a coin’s specific utility and use-case determines its price trend over time, and this is something you should consider if you are going to invest long term. To do this, it is ideal first to review how the coin started, the technology it is being run, and the team behind it.
In fact, it is also best to do fundamental analysis using social media websites on what is the news surrounding a specific coin. This will be able to give you a more in-depth insight if it is worth it for you to invest.
How to track crypto volume?
In order to track crypto volume, you may use CoinSocialStory’s volume cryptocurrency monitor and tracking features. With our crypto volume monitor tool, you will be able to get the most accurate data, which is cross-referenced among 25 verified exchanges such as, Binance, Coinbase, etc.
Review of cryptocurrency monitoring tools
Each crypto monitor has different sets of features and monitoring tools that allow you to have all you need in one place. Here are the cryptocurrency monitor tools available in CoinSocialStory:
- Social Indicator – You will be able to see the trend lines of the coin easily.
- Coins Development – You will be notified of the latest product updates on your favorite coins.
- Compare – You get to compare different coins easily, widening your learning on the market.
- Charts – You have access to both the current and historical rates of a coin in one platform.
- Analytics – Your data works for you.
What is a CoinSocialStory?
CoinSocialStory is a crypto monitor which helps professional traders, media outlets, and even just the crypto curious on the slightest market movements in a visually engaging manner. This is one of the cryptocurrency monitoring tools home to all of the features that you will need to monitor all of the crypto prices and volume easily. CoinSocialStory aggregates information from exchanges, statistics providers, and social information.