A Review of Tools That Are Useful for Cryptocurrency Investing

As we all know, cryptocurrency investment comes with risks. If you have opened an account with a cryptocurrency exchange and know how to store your crypto assets, you need to know how best to manage your investments. As the cryptocurrency industry is relatively young compared to traditional finance, some services may appear in need of improvement, but you can help yourself using a variety of tools. The following are some of the cryptocurrency resources recommended by BigONE.

CoinMarketCap’s portfolio tracker

It can be sometimes difficult for investors to keep an eye on their cryptocurrency portfolio, especially when you are using multiple cryptocurrency exchanges or wallets. In this case it is worth using CoinMarketCap’s portfolio tracker to follow the cryptocurrencies you buy. When you buy or sell cryptocurrencies, you only need to add this transaction to your portfolio, and you can do so easily at any time.

The portfolio tracker help you check the following:

⦁ The status of your investment portfolio by day, week, month, etc.

⦁ Cryptocurrency price analytics, including your profit and loss percentage and average purchase price

⦁ Compare the best and worst performing cryptocurrencies

Using CoinMarketCap’s tracker, you can also set up a monitoring list to follow interesting cryptocurrencies, with other tools available to research specific cryptocurrencies.

CoinMarketCal’s event tracker

For investors who often find themselves one step behind when it comes to important cryptocurrency events, CoinMarketCal’s event tracker is a useful tool. Please note CoinMarketCal is a totally separate service from CoinMarketCap.

To use it you only need to select a time period and filter by event type, coin, exchange, or keyword to find relevant event content with all the events added by community members. Suppose you want to know any major plans for a favorite cryptocurrency in the coming months, you need only select by tokens and filter by news to receive the desired results. For example, you can search by partnerships, team changes and white paper updates for a specific cryptocurrency project. In addition, you can also check for any new cryptocurrencies that will be listed on an exchange, or simply review the highlights to find out which cryptocurrencies the community thinks may have potential.

Brave browser

For online advertisers, people’s attention is valuable. Brave’s browser is a practical application of blockchain technology. It strips out the middlemen from Internet advertising, and instead everyone is rewarded for the advertisements they choose to see on the Internet. Browser users can earn according to the number of advertisements they watch every month, and rewards will be issued in the form of BAT tokens. In addition, the Brave browser can protect user privacy and speed up page loading times.

The disadvantage of the Brave browser is that it will actively remove ads from the pages you browse and replace them with their own paid ads. This which means that small content providers that rely on Google ads will not get compensated. Instead, you can support them by donating BAT to content providers every month.

Gas Now ETH fee tracker

The Ethereum (ETH) network supports a wide range of applications, including decentralized exchanges. When using its functions, users must pay for each transaction. Whether it is a transaction or a shareholding, the ‘gas’ or fee will rise as the transaction progresses. Unfortunately, success brings its own price as network congestion has resulted in users’ transaction fees steadily rising. For example, the average fee per transaction on the ETH network reached a high of more than $60 in May. Although these fees have recently decreased significantly, they are likely to rise in the future. As a result, you should make every effort to make transactions during off-peak hours, which can both significantly reduce waiting time and transaction costs.

Gas Now’s browser extension can assist you with this. Investors can use it to reduce their transaction costs.

CoinCheckUp development activity tracker

One of the challenges of cryptocurrency investment is that the industry is still new and there are too many digital currencies. It can be difficult to pick out cryptocurrencies with long-term potential. BigONE has emphasized more than once that for investing in cryptocurrency, research and learning are crucial, which requires you to pay attention to good sources of information.

If you want to get news faster than reviewing news and reports, it can be useful to check the developer’s record of activity. For example, GitHub is a repository of open-source codes used in cryptocurrencies. The number of updates made by developers to cryptocurrency codes is called ‘commits’. This data can indicate the currency’s activity and how many developers have participated.

Check CoinCheckUp to review the GitHub activity record of the token you are considering buying. If there are very few ‘submissions’ of a certain cryptocurrency, it may mean that there is not much happening behind the scenes. For example, starting in July, we can see:

⦁ Bitcoin developers have 51 ‘commits’ records

⦁ Ethereum developers have 16 ‘commits’ records

⦁ Dogecoin developers have no ‘submit’ records

At present, CoinCheckUp is not a perfect system, because when a cryptocurrency is divided into two, the numbers may be skewed. This is caused by the different direction of some GitHub communities. Nevertheless, it can still be used as a reference for you to understand the cryptocurrency you are about to buy.

These free resources that are suitable for you to use in running your BigONE account, are just some of the many cryptocurrency-related tools available. It doesn’t even matter if you don’t like these suggested online services. As there are hundreds of similar applications and websites in the entire cryptocurrency market that can help you, which may be more to your liking.

About BigONE

BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development.