What is the best way to accurately value cryptocurrency assets?
This is a question that you hear people asking nearly every day, and everyone has a different opinion on the subject. But everyone agrees that an accurate appraisal requires looking below the surface at what’s underneath.
“This is kind of a charade, because most people are really just looking to profit in terms of converting back into fiat currencies”
Most new crypto investors will look at things like trading price, market cap, rankings, trading volume, etc., but these do not really get to the fundamental value of a cryptocurrency.
Properly evaluating a cryptocurrency means going deeper!
Veteran crypto-enthusiasts look at things that are less open to manipulation, such as chain traffic volume, transaction fees, hash rates, number of active addresses, blockchain size, mining difficulty.
BCtrend.io provides Global Long and Short Data for Crypto Markets for the Previous 24-hour Period
The browser also allows users to view data on the activities of the top-100 largest crypto holders, of market activity, pending transactions, and transaction volumes—all the things that veteran traders require to make informed decisions.
EOSex has put together a list of the most useful blockchain-related websites, to help you more easily navigate out of the fog of the sometimes confusing blockchain world.
Websites Geared towards Short-term Trading
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CoinMarketCap
The World’s most visited blockchain-related website
The site lists over 2,600 different cryptocurrencies, has between 500,000 to 1,000,000 unique visits every day, and is routinely cited by media reports as the go-to reference for pricing information. All trading data on the site is provided directly from the various exchanges. Token prices are readily available and reliable.
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OnchainFX
https://messari.io/onchainfxOne of the most popular cryptocurrency ranking websites around.
The site has only been up and running for about six months but is a collaboration between Bloomberg and heavyweight investment fund, Galaxy Digital. The site ranks data by market cap, blockchain, indexes, daily losses and gains, potential frauds, etc.
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BCtrend.io
https://bctrend.io/Provides insightful data on 8 critical data points on both primary and secondary markets in a graphical format.
A personal favorite for reference data, proprietary data, long and short data from the world’s three largest futures exchanges, internet traffic data, and trading volume data—can all be found here. Over one year of historical data is available. The site has also partnered with international rating agency, Tokeninsight, making the data provided quite reliable.
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Bitcoinity
https://bitcoinity.org/Provides trading and market data in easy-to-grasp bar charts
Website contains bitcoin trading volume data, trading rankings, 1-minute trading volume data, bid-ask spreads, as well as blockchain information, such as has rate, mining difficulty, and transaction volume. But the data is not overwhelming and is presented in a visually digestible manner.
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Coin360
https://coin360.comOriginally CryptoMaps, this site show market volatility in a visual format
This site shows market caps and trading volume for all major coins in a visual format with time intervals customizable by the user. Many media outlets like to use images from this website when reporting on movements in the crypto markets.
Sites useful for mid-term and long-term crypto market data
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Bitinfocharts
https://bitinfocharts.comCharts and comparison tools for the major cryptocurrencies
Over five years of historical data is available for the major cryptocurrencies, including BTC, BCH, ETH, Litecoin, Zcash, Monero, etc. Comparisons can be made between two cryptocurrencies based on hash rate, transaction volume, transaction fees, active addresses, Google search index, etc.
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Etherscan
https://etherscan.ioA browser and databased for the Ethereum blockchain
The official Ethereum browser, it allows users to look up the transfer path, number of holders, transaction volume, etc., for any ERC-20 token. This site allows the user to view increases in new ETH addresses, increases in supply, increases in hash rate, etc., in either graphical or simple data format.
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Eosflare
https://eosflare.ioReal-time transactions-per-second (TPS) EOS browser
The official EOS browser that updates TPS data every two seconds, allowing for a clear and instant picture of the status of the EOS blockchain. The user can also view, in graphical format, total staked tokens, repurchases, RAM, total supply, voting, as well as new blocks, whales, proxies, name bids, etc.
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Blockchain
www.blockchains.com/The classic bitcoin browser
This is a Bitcoin browser that provides information on blocks, mining, network and wallet activity, etc. Over ten years of historical data is available in either graph or bar chart format. The browser allows you to view all facets of wallet activity.
Data sources include: Coingecko, Nomics, etc.
EOSex has also put together a list of the following other useful sites that aggregate key blockchain information in a visual format.
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Tokenview
https://tokenview.comA brand-new website that provides a browser for all main blockchains
Tokenview is a one-stop shop for searchable blockchain data, with information on over 10,000 types of major wallet addresses, transactions, new blocks, block sizes, hash rates, etc. The site also provides graphical rankings of whales, abnormal market actions, token holding breakdowns. The website supports both iOS and Android.
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Coin Metrics
https://coinmetrics.io/Provides more detailed information
This site provides information on price, market cap, trading volumes, NVT ratios, total market cap, as well as daily blockchain transaction ratios, daily volatility, and daily investor returns. It also provides more detailed information, such as transaction value, value of on-chain transactions, transaction difficulty, etc.
Other similar websites include: Bitcoin Visuals, Bloxy, Blockchair, Johoe’s Bitcoin Mempool statistics, Amberdata, Blockspur, DappRadar, Blockpath, CryptoID Blockchain Explorers, Blockseer, 0x tracker, Transactionfee.info, Trivial, Coin Dance, etc.
Websites that provide data in a visual format
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TX Highway Cash
https://txhighway.comA very intelligent visual blockchain data website
The site uses a simulated roadway to visually represent real-time Bitcoin and Bitcoin cash transactions. The size and speed of blockchain transactions is directly represented by the cars in the animation.
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Coinlib
https://coinlib.ioA Clean visual representation of market and blockchain activity
The site provides 24-hour, global fiat and crypto market data in a visual format.
Other similar websites include: Satoshi’s Place, Bitnodes, Bitforce5, Visual Blockchain, Real Time Bitcoin, Globe, Poketoshi, etc.
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This information contained herein is intended for references purposes only and is not intended as investment advice. You are responsible for your own investment decisions!
The author retains all rights to this work, with the exception of any images or trademarks presented that belong to the respective website authors.
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