WHAT IS A CRYPTO SCREENER?
With over 405 exchanges and more than 10,000 cryptos actively trading over these exchanges and increasing each day. How do you figure out cryptos that could be worth investing in? There are tools to help you out that ease the process of finding the best crypto per your needs.
A crypto screener is a tool that allows you to sort and filter out thousands of cryptocurrencies based on the metrics entered by the user. There are various metrics you can use to filter out the cryptos. If you’re into investing or trading in crypto, you should understand various metrics used to filter out search results.
If you google ‘crypto screeners’, you will find many. And every tool is designed for a specific purpose.
Let’s discuss two of the best tools available in the market right now.
Quite unpopular, but one of the best crypto screeners available in the market right now. It is a powerful tool that can analyze Binance and KuCoin spot markets on BTC and USDT pairs by analyzing each symbol. This tool can also help you spot common chart patterns and save time.
It allows you to track and create alerts of your favorite cryptocurrency. You can even look out on indicators like oversold currencies on RSI and Stoch RSI, MACD signals, volume monitoring, and so much more!
With the premium version of the tool, you get one step ahead. You can save your searches for quick and re-use and even make multi-line searches to define your strategy with extreme precision.
LunarCrush is a social intelligence-based crypto screener to help you make informed investment decisions by harnessing the power of real-time social insights and market metrics. This amazing tool can help you understand crypto movements in the most depth possible by analyzing data from social channels to uncover valuable insights.
It provides metrics like Galaxy Score, where you can measure a coin’s performance against itself, AltRank to measure coin’s performance against the market, and many more exclusive metrics!
In investing, one approach or strategy can never fit all. LunarCrush provides you with access to data and information that professionals have. And this helps you create your very own strategies to help you find and invest in cryptocurrencies more strategically.
DYOR and LunarCrush are both crypto screener platforms, but both differ in their functioning and features. LunarCrush predicts market movement based on social insights by looking for cryptocurrencies that influencers are currently promoting. DYOR is more about perpetual futures and tokenized equity analysis from FTX exchanges.