Top 6 Crypto Research Tools Every Investor Needs in 2023

Elizabeth Harper

In today’s dynamic world of blockchain technology and the crypto revolution, opportunities abound. However, these opportunities come with their fair share of risks. As individuals worldwide gear up to embrace the potential of cryptocurrencies, it’s crucial to have the right research tools at your disposal.

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In this article, we explore why research is vital and present five top-notch crypto research tools that are especially helpful for beginners.

Why Research is Important Before Investing in Cryptocurrencies?

DYOR (Doing Your Own Research) is a simple but effective measure to audit a protocol/project. Research helps us understand the risk associated with the project, better understand what the particular protocol or project is doing, and identify suspicious activity that could lead to rug pulls. It is also understandable that most general public has no time to look into such projects. Let us help you understand this concept better.

DYOR can be broadly categorized based on fundamental, technical, and sentimental factors.

i) Fundamental Analysis — It evaluates a project’s foundation all the way from the technology behind it to the real-world applications. Tokenomics, the market cap, volume, and Total Value Locked (TVL) are popular fundamental indicators. The idea of a project being backed by solid fundamentals is that it will grow over time, irrespective of the day-to-day market sentiment, making it appealing to traders with long-term vision.

ii) Technical Analysis — This method is preferred by traders who intend to capitalize on short-term market movements. Traders leverage indicators to predict the price action of assets. This would also require oversight into how markets perform and understanding technical indicators like Moving Averages, Relative Strength Index (RSI), MACD, support, and resistance.

iii) Sentimental Analysis — This refers to when investors choose to trade on market sentiment. They invest in news updates, market sentiments, fear and greed indicators. Social media monitoring to help understand the level of (FUD) fear, uncertainty, and doubt helps understand if there is positive/negative sentiment surrounding a project.

We have compiled a list of essential crypto tools to help you audit crypto projects/protocols. You are also encouraged to do your own research outside of these platforms.

Top 5 Crypto Research Tools for Beginners

Here are five essential crypto tools to aid your project and protocol assessments. Keep in mind that conducting your research outside of these platforms is also crucial.

1. DefiLlama

DeFiLlama is a very popular and easy-to-use crypto analysis tool for understanding the foundation of a project. There are visualization tools and data to help dispel uncertainty surrounding a project. Key data points like total value locked, volume, market cap, and supply information help you understand the project’s intrinsic value. To develop an advanced understanding, you can also compare chains to check the activity and fees. An essential evaluation of the website and a run-through of the whitepaper should also serve as factors to gauge the legitimacy of the protocol.


  • User-friendly interface for easy navigation.
  • Offers comprehensive data on DeFi projects.


  • Primarily focused on DeFi projects.
  • Should be used in conjunction with other tools for a well-rounded assessment.

2. Dune Analytics

Dune Analytics is another easy-to-use free crypto tool that helps novice investors get started. It lets anyone use analytics to publish their dashboards using blockchain data. Popular dashboards allow users to track activity using queries ranging from trending yield farms on BSC and NFT collections bought by top Opensea traders. Please remember that data reliability depends on the coder who created the query.


  • Customizable analytics dashboards tailored to your needs.
  • Access to a wide range of community-created data.


  • Data accuracy is contingent on the competence of query creators.
  • May require some familiarity with data analytics.

3. Bubblemaps

Bubblemaps is a supply auditing tool for DeFi tokens and NFTs. This tool enables you to investigate wallets to determine the concentration of supply and the flow of smart money. You can find this better explained if you were to check out some case studies on their platform.


  • Unique tool for analyzing supply-related aspects.
  • Aids in identifying potential market manipulations.


  • Limited to supply-related analysis.
  • Requires interpretation of supply data.

4. Fear and Greed Index

Fear and Greed Index, as the name suggests, shows the level of fear and greed in the crypto market. An intelligent investor would buy the fear and sell the greed. Historical data indicates that if you can discipline yourself to regularly buy at desired levels of fear and sell when the level of greed increases, you will profit. This is again based on tokens that have held through with their fundamentals.


  • Provides insights into market sentiment trends.
  • Facilitates the execution of contrarian trading strategies.


  • Sentiment indicators can exhibit volatility.
  • Should be employed alongside other analytical methods.

5. Cryptopanic

Cryptopanic is a news aggregator for traders and crypto enthusiasts focusing on price and market impact. You can track your favorite cryptocurrencies on the news and get real-time notifications. It acts as a one-stop source for all your crypto updates.


  • Offers comprehensive news coverage relevant to cryptocurrencies.
  • Provides real-time notifications for significant market events.


  • Relies on external news sources.
  • News sentiment may not always align with actual market movements.

Bonus Tool: TradingView

For those inclined towards technical analysis, TradingView is a well-known platform providing charting data and a wide array of indicators such as RSI, Moving Averages, and support/resistance levels. It is a valuable resource for predicting price patterns in both the crypto and traditional financial markets.


  • Widely recognized for technical analysis in various financial markets.
  • Features an extensive range of technical indicators.


  • Some advanced features may necessitate a subscription.
  • Learning curve for beginners in technical analysis.

Picking the Best CRYPTO Research Tool

Based on the information provided in the article, one tool that stands out as particularly valuable for beginners in cryptocurrency research is TradingView.

TradingView is a widely recognized platform for technical analysis in both traditional financial markets and the cryptocurrency space. It offers a user-friendly interface and a wide range of charting tools, indicators, and drawing features that can help users make more informed investment decisions.

By using TradingView, beginners can access real-time price data, perform technical analysis, and visualize market trends. This tool empowers users to identify potential entry and exit points for their investments, set up alerts for price movements, and develop a deeper understanding of market dynamics.

While all the tools mentioned in the article have their merits, TradingView’s versatility and popularity among traders and investors make it a strong choice for those looking to conduct in-depth research and analysis in the crypto market. However, it’s essential to explore and familiarize yourself with various tools to determine which one best suits your specific needs and preferences.

In Conclusion

These five crypto research tools empower beginners with data-driven insights, enabling them to make informed decisions, manage risks, and seize opportunities in the ever-evolving crypto landscape. Remember, if you find these tools too basic, there are more advanced options like footprint analytics and chain analysis to explore for data-driven decision-making.

In the realm of cryptocurrency investments, knowledge is power. Equip yourself with the right tools and information, and you’ll be better prepared to navigate this exciting and transformative space. Happy researching!

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