Retail investors need to have the right toolset to find the right tokens at the right time, ensuring they don’t miss out on opportunities. This article outlines 5 essential tools for hunting memecoins. The article is sourced from an article titled “Master Memecoins with 5 Must-Have Crypto Tools” by Bankless, compiled, translated, and written by PANews.
Table of Contents:
Dexscreener
ArkhamIntelligence
Zapper
DefiLlama
Coingla
Conclusion
We are back in a bull market surge. Token prices can skyrocket, and trading volumes can push the network to its limits, something unimaginable in less optimistic markets. Whether trading cryptocurrencies, including altcoins and meme coins, you need to stay ahead of the curve.
Retail investors need to have the right toolset to find the right tokens at the right time, ensuring they don’t miss out on opportunities.
In this article, we will outline 5 indispensable tools for readers to hunt for tokens.
Dexscreener is favored by both beginners and OGs, and has become the go-to platform for hunting altcoins and meme coins.
Dexscreener provides real-time data streams, allowing users to view data charts every five minutes. It can discover just-released memecoins across 30 blockchains and track their dynamics.
Additionally, Dexscreener’s iOS and Android apps enable push notifications based on percentage changes, target prices, or price changes within a set time period. This means you can always stay on top of the market pulse. Whether you want to ride the wave of token issuance on Solana and Ethereum or just want to grasp the pulse of DeFi, Dexscreener will be your lifesaver.
ArkhamIntelligence reveals the often opaque nature of blockchain transactions, allowing users to peek behind the curtain of anonymity.
Arkham offers various functions, allowing users to trade intelligence related to specific wallet addresses, displaying the current/historical holdings and overall profit and loss (PnL) of wallets.
Whether for investment or trading, these tools can help traders compile a well-informed list of holders, providing reference for token allocation. Like Dexscreener, Arkham also allows users to enable real-time push notifications to update the movements of specific wallets, with notifications available through Telegram, email, or even Slack (your choice).
Another powerful feature of Arkham is its ability to identify top token holders, gaining insights into whether they are experienced blockchain risers (identified through Ethereum Name Service (ENS) or as active users on OpenSea) or if they are just one-time wallets.
Overall, whether your goal is to discover the next big event, prevent fraud, or simply track the movements of influential wallets, Arkham’s AI platform provides a full suite of tools to help you delve into the blockchain.
Zapper turns the 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 networks (such as Base, Arbitrum, ETH) or other limited criteria, including top token holders, recent buy/sell orders, or profitable traders. This user-friendly interface allows both beginners and veterans to track their digital footprints in the network while also allowing in-depth exploration, portfolio monitoring, and even asset swapping or bridging between EVM chains. Additionally, it serves as a SocialFi platform, enabling token chats and creating or joining communities.
Overall, Zapper views the blockchain as a social network (it is essentially a social network itself) and presents trending tokens, projects, and NFTs in a familiar, readable format, helping you keep up with its rapid development.
In the ever-changing world of DeFi, 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.
DefiLlama has a user-friendly database that allows users to gain an overview of DeFi, assess trends such as stablecoin liquidity and trading volume within specific time periods, and zoom in on specific ecosystems and protocols to analyze trends such as token price correlations with TVL or user growth within specific time periods. Additionally, it tracks fundraising announcements for new protocols, categorized by type and supporters, helping you identify patterns.
Whether analyzing market capacity, examining protocol revenue, or tracking the trends of venture capital, DefiLlama ensures you have the latest and most comprehensive data at your fingertips.
For those involved in cryptocurrency derivatives, Coingla provides essential resources.
The platform stands out for its comprehensive data on cryptocurrency derivatives, such as futures trading volume, open interest (both often used to identify market fear or greed), and the highly useful Bitcoin Rainbow Chart.
The Rainbow Chart helps users grasp the market cycles of Bitcoin volatility, insight into whether the flagship cryptocurrency is currently overbought or underbought, and the actions that should be taken as a result. As shown in the chart above, it also depicts how Bitcoin’s volatility gradually decreases as it matures, giving a sense of where Bitcoin might reach the peak of this cycle on the chart and at what price. With Coingla, you can turn informed guesses into thoughtful decisions.
In the current bull market, every second and every satoshi is crucial, making these tools not just convenient but essential.
From Dexscreener’s real-time tracking and Coingla’s market insights to Arkham’s keen analysis, DefiLlama’s data aggregation, and Zapper’s familiar format, each tool adds unique functionality to your cryptocurrency arsenal.
Whether you are a day trader, long-term investor, or somewhere in between, utilizing these tools can mean thriving in the vibrant world of cryptocurrencies rather than just surviving.
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