Have you ever wondered what is the secret to the success of profitable traders? They know the market well and recognize its next direction based on their knowledge. While many less experienced people trade only based on their feelings and luck. Successful traders analyze their target cryptocurrency in-depth, measure its network growth, and thus discover profitable trading opportunities, and all of these are possible by fundamental analysis.
Therefore, if you also have access to such vital data and information, you can undoubtedly make more informed decisions and increase your chances of success in this market. To help you, in this article, we prepared a list of the top 10 fundamental analysis sites in cryptocurrency that most investors and professional traders use daily. Please stay with us.
What is fundamental analysis?
Fundamental analysis is an analysis in financial markets where we do not deal with an asset’s price chart. We also analyze the information and side data about the desired cryptocurrency.
“Fundamental Analysis” (Fundamental Analysis) is one of the methods of analysis in financial markets, the purpose of which is to determine the intrinsic value of the asset in question. For example, someone who wants to perform fundamental analysis on a cryptocurrency like “Bitcoin” can go to its official website and read the scientific article introducing that project, learn about its applications, check the developer team, or The data related to the number of network users can obtain necessary information.
Fundamental analysis is the opposite of “Technical Analysis,” in which the path of movement is predicted only from an asset’s price chart and its past price history. For more information about fundamental and technical analysis, refer to Types of Analysis in the Digital Currency Market.
The best fundamental analysis sites in the cryptocurrency market
The best digital currency analysis sites include Coin Market Cap, EtraScan, GlassNode, Defay Lama, etc.
Most of the information and data that we need for the fundamental analysis of a cryptocurrency is designed and built in the form of a website or mobile application. For this reason, we have introduced 10 of the best fundamental analysis sites in cryptocurrencies.
Coin Market Cap (CoinMarketCap)
The Coin Market Cap site and application are some of the most used sites by digital currency market activists, where various information can be found. Coinmarketcap is usually known for listing cryptocurrencies and ranking them by market capitalization, but aside from that, other sections on this platform can be used for fundamental analysis.
For example, you can go to its page by clicking on any digital currency and get important information such as market value, circulating balance, total balance, trading volume, official website, related news, etc.
CoinGecko
CoinGecko also has a function similar to CoinMarketCap; you can find all the information you need about cryptocurrencies. Are you looking for a wallet to store your favorite cryptocurrency? You can enter the dedicated page of that cryptocurrency on the Coin Gekko website or mobile application and view the compatible wallets.
Information such as trading volume in the last 24 hours, market capitalization, circulating balance, total balance, developer performance, etc., which are used in the fundamental analysis of cryptocurrencies, are all visible in Coinkego.
Coin Market Cal (CoinMarketCal)
One way to do a fundamental cryptocurrency analysis is to look at the related events over the coming days and weeks. The site CoinmarketKel, which, of course, has chosen the way of its name, is entirely similar to the site CoinmarketCap, which is a calendar of all future events of digital currencies.
By visiting this site, you can see upcoming events and important days and the next event related to your favorite cryptocurrency and when it will happen. For example, at the time of writing this article, with a quick look at this site, we found out that the fashion event will be held on March 28 of the new year in the “Decentraland” metaverse.
Defi Llama
One crucial fundamental analysis data in cryptocurrency is the “Total Value Locked” index (TVL for short), which shows the amount of capital deposited on a blockchain. The DiFi Lama site was created for precisely this purpose, and by referring to it, you can find out which blockchain decentralized applications perform better.
DeFi Lama is usually used to analyze cryptocurrencies and active projects in the field of “Decentralized Finance” or “DeFi” as well as first-layer projects. For more information on the locked total value index or decentralized applications, you can refer to the previously published articles on the blog.
Glassnode
Glassnode is a blockchain data and information analysis platform that allows users to transact more confidently and confidently. In this platform, important information such as the activity level of addresses of each blockchain, circulating balance, volume of transactions, number of transactions, and fee rate of each network is provided; of course, access to all of them requires a subscription from this platform.
However, Glassnod’s free subscription also provides valuable information to those interested in fundamental analysis.
Cointelegraph
Another essential element of fundamental analysis in the cryptocurrency market is to follow the news and news about various projects and general information in this field. Many news agencies have been formed to cover such news, among which the analytical news site Coin Telegraph is known as one of the top sources.
Cointelegraph has been operating since 2013 and is used by many market participants due to its age and quality. You can also visit this site to learn about the latest news about the cryptocurrency market and use reliable information in your analysis.
CoinDesk
The Coin Desk site also deals exclusively with the news and sidelines of the digital currency market. This site, like Cointelegraph, has been active since 2013 and has covered first-class and reliable information in the world of cryptocurrencies for more than a decade.
In CoinDesk, other information, such as the price of cryptocurrencies, can also be seen in addition to news coverage. Those interested can use this news site’s audio podcasts and video content for their fundamental analysis.
CryptoPanic
Apart from the two sites, CoinTelegraph and CoinDesk, which specialize in cryptocurrency news, there are countless other news and analysis sites where valuable content can be found. But checking all these sites and the anthology of the most critical information is a time-consuming and exhausting task that cannot be done daily. Fortunately, sites like Crypto Panic are built to solve precisely this problem.
Crypto Panic collects news from reputable sources around the digital currency market and lists them on a single site. In this way, you don’t need to check the front page of all crypto areas, and instead, you can see the latest news published on different sites by visiting the Crypto Panic site once.
You can also see the price of cryptocurrencies and the opinion of other viewers regarding each news in Crypto Panic and measure their reaction to the report.
Ether Scan (EtherScan)
All transactions made in the blockchain are publicly visible. On the other hand, valuable information can be extracted from this raw data on the blockchain and used for fundamental analysis. Ether Scan is a site created precisely for exploring the data and transactions of the “Ethereum” blockchain and provides analysts with valuable information.
We call such sites blockchain explorers; each blockchain usually has its own explorer. For example, the blockchain explorer “Tron” is called “TronScan,” and the blockchain explorer “Avalanche” is called “SnowTrace.”
CryptoMiso
The Cryptomiso site checks the developers’ activity of a cryptocurrency project. By visiting this site, you can easily see the movement of the creators of each blockchain and network using statistics and charts. The higher the amount of this activity, it shows that the developers are seriously updating and improving their protocol, and this can be good news for investors.
final word
Fundamental analysis is one of the main bases of research in the financial markets, which is also done differently in the digital currency market. For this, various sites and applications have been created, each providing us with useful information and data.
This article introduced 10 of the best fundamental analysis sites in cryptocurrency, including Cointelegraph, Cryptomiso, Cryptopanic, Glassnode, and Defay Lama. However, other reliable sites can be used for elemental analysis in the cryptocurrency market.
Greatest response to the common question 🙋♂️