How New York Times Journalist Nathaniel Popper Monitors the Crypto Market
Resources to Keep On Top of the Crypto Market
Analysts, traders, and investors of stocks and Forex use an array of tools to make their analysis and trading decisions profitable.
Similarly, cryptocurrency traders also make use of some of these tools to improve their trading. However, cryptocurrencies are a new type of asset with limited historical data and highly volatile price trajectories.
Many traders wonder, what the best tools to keep on top of this novel and complex market are.
Popper addresses this topic in a article, in which he describes how he monitors the erratic behavior of the crypto market.
To obtain statistics and data on the numerous digital coins, he uses online resources like Coinmarketcap.com and Onchainfx.com. Popper says,
My personal favorite is Onchainfx.com, which makes it easy to compare lots of interesting stats, like how many people are using a coin, and how intensely programmers are working on the underlying software.
To keep track of the sentiments of the crypto community, Popper peruses a variety of online chat rooms, such as Reddit, Twitter, and Telegram.
He also uses these news aggregation and discussion websites because “This is also where you tend to see the first hints that projects are scammy or fraudulent.”
To contact sources, Popper uses technology like WhatsApp and Telegram. He explains,
In China, where cryptocurrencies are big, everyone is on WeChat. Most other sources outside the United States are on either WhatsApp or Telegram. In the United States, the anti-government folks — and the privacy advocates who are concerned about surveillance — only want to chat on Signal, which encrypts messages in both directions.
Crypto Trading Tools Available on the Web
The internet abounds with tools and resources to trade and study the crypto market.
A contributor with the handle Crypto Quantic Ph.D. describes many of these tools in his article “27 Amazing resources for Bitcoin and Cryptocurrency Traders.” Crypto Quantic Ph.D. describes these tools in seven categories, ranging from the basic technical analysis, to building bots and quant tools.
On the other hand, some argue that trading cryptocurrencies is more difficult than trading conventional financial assets. As a result, new trading tools are coming into the market offering investors easy means to comply with the regulators, enhanced security, ensuring that all transactions are attestable.
In this regard, CG Blockchain, Inc. developed the Blockchain Terminal. Its whitepaper says,
The Blockchain Terminal leverages the power of blockchain technology in order to bring the security, assurance, transparency, and immutable trust demanded by wealth managers and the operators of hedge funds.
Source link: Click here. Disclaimer: This is a third-party article. The information on the Verified topics are provided on a strictly "as is," "where is" and "where available" basis. Verified topics expressly disclaim any implied warranties. Note Verified topics do not give any financial advice, for more information see our Acceptance of terms.