Retail investors need to possess the correct toolkit and find the right tokens at the right time in order to ensure they don’t miss out on opportunities. This article will outline five essential tools for hunting down tokens. The article is sourced from an article titled “Master Memecoins with 5 Must-Have Crypto Tools” by Bankless and compiled, translated, and written by PANews.
Table of Contents:
1. Dexscreener
2. ArkhamIntelligence
3. Zapper
4. DefiLlama
5. Coingla
Conclusion:
We are now in the midst of a bull market surge. Token prices can skyrocket quickly, and trading volumes can push the network to its market limit, which is hard to imagine in less optimistic market conditions. To engage in cryptocurrency trading, whether it’s for altcoins or meme coins, you must stay ahead of the curve.
Retail investors need to possess the right toolkit and find the right tokens at the right time to ensure they don’t miss out on opportunities.
In this article, we will outline five indispensable tools for hunting down tokens.
Dexscreener is favored by both beginners and OGs, and it has become the preferred platform for hunting down altcoins and meme coins.
Dexscreener provides real-time data streams, allowing users to view data charts every five minutes. It can discover just-released meme coins across 30 blockchains and track their movements.
Additionally, Dexscreener’s iOS and Android apps can enable push notifications based on percentage changes, target prices, or price movements within a set time frame. 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 simply grasp the pulse of DeFi, Dexscreener will be your lifesaver.
ArkhamIntelligence reveals the often opaque nature of blockchain transactions and allows users to glimpse behind the scenes of anonymity.
Arkham offers various functions, allowing users to trade information related to specific wallet addresses, displaying current/historical holdings and overall profit and loss (PnL).
Whether for investment or trading, these tools can help traders compile a well-informed list of holders, providing references for token allocation. Like Dexscreener, Arkham also allows users to enable real-time push notifications for updates on specific wallets, with options including Telegram, email, or even Slack.
Another powerful feature of Arkham is its ability to identify top holders of tokens, gaining insights into whether they are experienced chain risers (identifiable through Ethereum Name Service (ENS) usage or as OpenSea users) or just one-time wallets.
In conclusion, whether your goal is to discover the next big event, prevent fraud, or simply track influential wallet movements, Arkham’s AI platform provides a suite of tools to help you gain a deeper understanding of the blockchain.
Zapper transforms the blockchain into a social media platform, helping you easily navigate popular DeFi applications, tokens, seasoned DAOs, and NFT collections.
This monitoring can be filtered by network (e.g., Base, Arbitrum, ETH) or other criteria, including top token holders, recent buy/sell orders, or the most profitable traders. This user-friendly interface allows both newcomers and veterans to track their digital footprints in the network, while also enabling in-depth exploration, portfolio monitoring, and even asset swapping or bridging between EVM chains. Additionally, it serves as a SocialFi platform, allowing for token chats and the creation or entry of communities.
Overall, Zapper sees the blockchain as a social network (one might say it is a social network itself), listing trending tokens, projects, and NFTs in a familiar, readable format to help you keep up with their rapid development.
In the ever-changing DeFi landscape, DefiLlama stands out as a tool for tracking its movements and monitoring the total value locked (TVL) in all DeFi, blockchains, and dApps built on them.
DefiLlama has an easy-to-use database where users can gain an overview of the overall DeFi landscape, assess trends such as stablecoin liquidity and trading volumes within specific time frames, and zoom in on specific ecosystems and protocols to analyze trends like token price-to-TVL correlations or user growth within specific time frames. Additionally, it can track new protocol fundraising announcements, categorizing them by type and supporters to help you identify patterns.
Whether you are analyzing market capacity, peeking into protocol revenue, or tracking venture capital trends, DefiLlama ensures you have access to the latest and most comprehensive data at all times.
For those involved in cryptocurrency derivatives, Coinglass provides essential resources.
The platform stands out for its comprehensive data on cryptocurrency derivatives, such as futures trading volumes, open interest (both of which are often used to identify market fear or greed), and the highly useful Bitcoin Rainbow Chart.
The Rainbow Chart helps users grasp the market cycle of Bitcoin volatility, providing insights into whether the flagship cryptocurrency is currently overbought or undersold and what actions should be taken accordingly. 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 Coinglass, you can turn educated guesses into thoughtful decisions.
In the current bull market, every second and every satoshi is crucial, making these tools not only convenient but also essential.
From Dexscreener’s real-time tracking and Coinglass’s market insights to Arkham’s sharp 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 cryptocurrency rather than just surviving.