Even with the volatility of crypto, this digital currency has become extremely popular around the world. Crypto exchange platforms managed to bag a substantial revenue that exceeded expectations.
The huge demand translates to numerous on-chain analytics platforms. You can analyze the market drivers in such channels to decide what to invest in without overwhelming yourself.
Only then can you gather a unique perspective to generate optimal ROI!
On-Chain Analytics – An Insight
The world of cryptocurrency is vast and ever-evolving. Due to this, every trader or enthusiast cannot know the market and utility it provides. Therefore, to help with the indicators and metrics, the industry developed on-chain analytics for crypto.
The first on-chain analysis tool can be traced back to 2011. It was created for Bitcoin as a valuation metric, making it one of the first indicators of that network.
Indeed, this software presents itself to be emerging as a new and trusted platform. Moreover, this field can help examine the transaction activity, fundamentals, and utility of any cryptocurrency.
The active addresses and transactions are taken into consideration to derive the usage and demand for that cryptocurrency. These are on-chain metrics that help analyze the network and determine a perfect course of action.
Those who work in this field improve on existing data and uses statistical or predictive mechanisms to determine its future. In addition, the analysts also consider various metrics that could influence the market’s future.
They get insight from blockchain data like price correlation, exchange outflows or inflows, miner rewards, and transaction volume.
The best platforms will retrieve numerous data from blockchain transactions. Then, they will showcase the analyzed data on graphic on-chain metrics. But this will not feel complicated to a layperson as it comes in graphical or simple charts!
From here, you will get predictive price movements for your selected cryptocurrency.
Top 5 On-Chain Analytics To Choose From
Would you like to indulge in one of the most popular tools in the industry? Then, Glassnode should be your go-to analytics platform!
Traders consider it the best because of the innovative intelligence it uses to showcase the cryptocurrency on-chain data.
You will access the best feature – on-chain data explorer. This feature offers live updates based on on-chain metrics and visualized cues.
You will find numerous assets and advanced on-chain metrics. Moreover, this platform is dedicated to making blockchain data accessible to everyone through its comprehensive library.
Reasons To Choose Glassnode
- In-depth, meaningful insights
- Promising results from previous predictions
- Accessible and easy reports
- Optimal cryptocurrency analysis
- Frequently updated charts
- Multiple on-chain data analysis
Have you been looking for social trading platforms that can offer on-chain analysis?
eToro offers an analytics platform that is suitable for beginners. It has integrated thousands of innovative market drivers for the analysis. Moreover, you will have an assurance of safe and secured operations if you choose this platform.
The interface attracts numerous investors and traders who are interested in cryptocurrency analysis. It also has a commission-free offering based on the metrics at any time and anywhere.
Therefore, this platform will be great for beginners looking to get started with this industry. You can choose to invest in over two thousand assets, but the best thing about this channel is the 10 million trusted investors it harbors.
Reasons to Choose eToro
- Offers safe operations
- Access to diverse investment
- Multi-asset platform
- Versatile investment option
- Considered to be the future of on-chain analytics
- Great for beginners worldwide
3. Coin Metrics
Looking for the future of on-chain analytics for cryptocurrency? Choose Coin Metrics as it is the ultimate provider of this software!
It offers numerous crypto assets and products for analysis based on network data.
Here, you can have a data feed for all cryptocurrencies. Moreover, this data is sourced from aggregate network data that have an insightful data metric result. A unique thing about this platform is the availability of assets with full history since inception.
You will have easy access to numerous metrics sourced from market data and indexes.
Reasons to Choose Coin Metrics
- It has more than 300 metrics
- There is real-time frequency analysis
- You can get everyday results
- Easy access due to powerful APIs
- Innovative data visualization tools
- Risk management offerings
Santiment is one of the best on-chain analytics channels that offer fundamental insight into crypto metrics. Moreover, it works on a global level so that you will have access to over 1,500 assets. Here, you can monitor all ventures based on volatility and gather opportunities after analysis.
It comes with numerous useful features that make this platform a great tool for beginners.
There are unique indicators and metrics from the market that Santiment utilizes. Due to this, you will have exclusive reports. Furthermore, these reports will be easy for anyone to understand as the platform offers easy answers.
Reasons to Choose Santiment
- Versatile platform for global traders
- Offers low-latency alerts
- You can personalize a watchlist
- Utilizes exclusive reports
- Has unique market indicators
- Offers custom templates to ease the complexity
Do you want to access raw and reliable data? Messari can help you achieve that with the platform it provides.
It harnesses market intelligence to access reliable data and determine a positive outcome. Therefore, investors will get ROI due to appropriate and authoritative analysis. Here, you will have access to guaranteed transparency in the metrics and the results.
You can make smart decisions based on the analytics tool it provides. Moreover, the coin sorting data helps multiply the customized filters and generates the optimal aggregated crypto data.
Reasons to Choose Messari
- Access to reliable data
- Investors can achieve huge ROI
- Utilizes extensive analysis
- Offers optimal transparency
- Numerous analytical tools
- Multiple filters in the data aggregator
Anyone can access the data mined from on-chain analysis of crypto. However, the data might seem difficult for most traders to comprehend.
It is because of the absence of blockchain’s ability to visualize the analysis. That is where on-chain analytics channels come in!
They can illuminate the blockchain data in real-time and in a retrievable manner. By choosing the platforms mentioned in this article, you can become a top-notch crypto trader in no time!