Original title:Master Memecoins with 5 Must-Have Crypto Tools
Original author: DavidC
Original source: Bankless
Original compilation: Yvonne, Mars Finance
We are back in the bull market surge.
Token prices can rise quickly, and transaction volume can push the network to market caps that would have been unimaginable when the market was less optimistic.
To trade cryptocurrencies, whether altcoins or meme coins, you have to stay ahead of the curve.
Retail investors need to have the right toolkit to find the right token at the right time to ensure they don’t miss out.
In this article, we will outline 5 indispensable tools for readers to use to hunt for coins.
1.Dexscreener
Popular with both newbies and OGs alike, Dexscreener has become the go-to platform for altcoin and meme coin hunters.
Dexscreener provides a real-time data stream, users can view data charts every five minutes, it can discover just released meme coins in 30 blockchains and track their movements.
Additionally, Dexscreener’s iOS and Android apps enable push notifications based on percentage changes, target prices, or price movements over a set time period, meaning you can always have your finger on the pulse of the market. If you want to ride the token issuance wave of Solana and Ethereum, or just want to keep your finger on the pulse of DeFi, Dexscreener will be your lifesaver.
2.Arkham Intelligence
Arkham Intelligence reveals the often opaque nature of blockchain transactions, allowing users to peek behind the anonymity curtain.
Arkham has a variety of features that allow users to trade intelligence related to specific wallet addresses, display current/historical holdings of the wallet, and overall Profit and Loss (PnL).
Whether investing or trading, these tools can help traders compile a valid and informative holder list to provide a reference for token allocation. Like Dexscreener, Arkham also allows users to enable real-time push notifications to update specific wallets via Telegram, email, or even Slack (it’s your choice).
Another powerful feature of Arkham is the ability to identify top holders of tokens, providing insight into whether they are experienced on-chain actors (identifiable through the use of Ethereum Name Service Domains (ENS) or their activity as OpenSea users ), or identify if they are just disposable wallets.
In summary, whether your goal is to discover the next big thing, prevent fraud, or simply track the movements of influential wallets, Arkham’s AI intelligence platform provides a comprehensive set of tools to help you gain insights into the blockchain.
3. Zapper
Zapper turns blockchain into a social media platform, helping you easily browse popular DeFi apps and tokens, veteran DAOs, and NFT collections.
This monitoring can be filtered by network (i.e. Base, Arbitrum, ETH) or some other qualifier, including the top holders of the token, the most recent buy and sell orders, or the most profitable traders. This user-friendly interface allows both newbies and veterans to track their digital footprint on the network, while also enabling you to dig deeper, monitor portfolios, and even exchange or bridge assets between EVM chains. Additionally, it is a SocialFi platform that allows creating or entering token chats.
Overall, Zapper treats blockchain as a social network (as it were), and it lists trending tokens, projects, and NFTs in a familiar, easy-to-read format to help you keep up with its rapid growth pace of.
4. DefiLlama
In a DeFi space that is changing almost every day, DefiLlama stands out as a tool to track its movements, monitoring the Total Value Locked (TVL) of all DeFi, blockchains, and dApps built on top of them.
DefiLlama has an easy-to-use database that allows users to get a bird’s eye view of DeFi as a whole, assessing trends such as stablecoin flows and transaction volumes over a specific time period, while also zooming in on specific ecosystems and protocols to analyze trends such as token prices Correspondence to TVL or user growth within a specific time period. Additionally, it can track fundraising announcements for new protocols, sorting them by type and backer, helping you with pattern matching.
Whether you’re analyzing market capacity, peering into protocol revenue, or tracking venture capital movements, DefiLlama ensures you always have the latest, most comprehensive data at your fingertips.
5.Coinglass
For those venturing into the world of cryptocurrency derivatives, Coinglass provides an indispensable resource.
The platform stands out for its comprehensive data on cryptocurrency derivatives, such as futures volume and open interest (both of which are often used to identify fear or greed in the market), as well as the very useful Bitcoin rainbow chart ( Bitcoin Rainbow Chart).
Rainbow charts can help users navigate Bitcoins volatile market cycles, providing insight into whether the flagship cryptocurrency is currently overbought or underbought, and what actions should be taken as a result. As shown in the chart above, it also depicts Bitcoins decreasing volatility as it matures, giving a sense of where on the chart and at which price Bitcoin may peak this cycle. With Coinglass, you can turn educated guesses into well-thought-out decisions.
Conclusion
In the current bull market, every second and every satoshi counts, so these tools are not just a convenience, they’re a necessity.
From Dexscreeners real-time tracking and Coinglass market insights, to Arkhams sharp analytics, DefiLlamas data aggregation and Zappers familiar formats, each tool adds unique capabilities to your crypto arsenal.
Whether youre a day trader, a long-term investor, or somewhere in between, taking advantage of these tools can mean thriving, not just surviving, in the dynamic world of cryptocurrency.
