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Crypto Screeners Review – Beginner’s Guide
2022/09/07By:
A crypto screener is a website that helps people find coins that meet specific criteria.
Traders and investors in cryptocurrencies use crypto screeners, which are similar to stock screeners in the traditional stock market, to help them make better trading decisions. It’s a web app that makes it simpler for investors to spot promising cryptocurrency trades.
You can use characteristics like market price, market capitalization, average daily trading volume, and certain chart patterns to narrow down your crypto screening results. Set your criteria, and the crypto screener will narrow down thousands of cryptocurrency projects to just the ones that meet them.
How to Use Crypto Screeners?
Toggle settings for specific criteria and using a crypto screener becomes simple.
To begin, you’d make a decision about the type of filtering criteria (price, volume, circulating supply, etc.) you’re interested in. Coins introduced to the exchange over a certain time period, for instance, can be filtered based on market capitalization, volume, and the presence of a specific checkbox.
Below is an example showing how to use CoinMarketCap’s filters to narrow your search to cryptocurrencies with a market cap of $1 billion to $2 billion.
After you input your preferences, the site will display a list of all coins that are suitable for your needs. You can sort them by price, market cap, or volume to find only the most liquid coins (ascending or descending).
Using the same scenario as before, we now get a list of cryptos that have a market cap of between $1 billion and $2 billion.
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Best Crypto Screeners
CoinMarketCap
In the realm of cryptocurrency analysis tools, this is among the most widely used. In addition to listing the top 100 cryptocurrencies, the site also provides a news feed and other relevant data. It’s a great resource for tracking cryptocurrency values, market capitalization, and distribution.
CoinGecko
If you’re looking for data on your favorite cryptocurrencies, CoinGecko is yet another excellent crypto screener to try. There are over 1,500 currencies available for viewing, along with price charts and other useful data pertaining to trading volume and price fluctuations over time.
DappRadar
DappRadar, like Messari, is a valuable crypto screener because it helps you keep tabs on your holdings in a streamlined manner. DappRadar is a useful tool for cryptocurrency beginners since it displays the current value of each token in a variety of different currencies and fiat units, such as US dollars, bitcoin (BTC), and others. Information about Web3 initiatives like decentralized apps (Dapps) and play-to-earn games, as well as other digital assets like non-fungible tokens (NFTs), is also very helpful.
Messari
Messari’s goal is to always give you the most recent information possible. It’s powerful, allowing you to see everything you need to know to make a choice with a single mouse click. It’s user-friendly thanks to a number of helpful extras, such as a directory of available cryptocurrencies that makes monitoring your whole portfolio a breeze. In addition, premium plans are available for access to enhanced functions like individualized screeners and real-time notifications.
Pros of Crypto Screeners
Let’s take a look at why it’s a good idea to use a crypto screener before making a purchase.
Time-saving
It’s hard to grasp what it would be like to manually sort through thousands of cryptos to locate just one that suits your needs. There’s no need to go through mountains of information if you can cut down on your search time. In order to swiftly and simply limit down a list of cryptos, all crypto screeners allow you to input numerical ranges for various parameters as well as minimum and maximum values.
Online data refreshes in real time
Regular price and metric updates are made to crypto screeners. Using a screener, you can quickly locate the top 5 cryptocurrencies with the highest price fluctuation over the past seven days, for instance.
To quickly gauge the market’s general health, certain cryptocurrency screening tools, like Coin360’s, display this data graphically. There are cryptocurrency screeners that will help you include your portfolio and present the 24 hour performance of your top holdings, all according on your preferences.
New investment opportunities
Crypto screeners can be used to quickly find coins and tokens that are generating charting patterns that may signal an investment opportunity, in addition to the normal price and volatility features. It’s possible, for instance, to spot a bullish flag indicating a large breakout in the chart of a cryptocurrency, and then zero in on that asset for further study to confirm the indicator and buy it.
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