The crypto industry is steadily growing, and the sheer amount of new projects, tokens, and products is simply overwhelming. There’s no chance you can effectively analyze all that diversity manually, so you need a reliable tool to do all the menial work for you. Such tools are called screeners: they can scan the market automatically and gather the most valuable data for you. In this article, we explain how to use these screeners and how to find the right one for your crypto trading needs.
How screeners work
Screeners intended for crypto markets are very similar to stock screeners used by stock traders. Such apps automatically scan the market to find the best trading opportunities based on specific indicators like price movements, daily trading volumes, certain patterns, and so on. The majority of screeners on the market use artificial intelligence solutions to analyze colossal amounts of data. If you want to be a professional crypto trader, you definitely need an effective crypto screener.
Luckily, you don’t need to search for long or invent your own screeners. There are plenty of them now on the market, and all you need to do is choose the right one. We have selected the top 3 all-purpose options suitable for just about every novice trader to help you out with that.
The Crypto.com app allows you to track hundreds of different tokens through a single interface that is exceptionally user friendly. You can set alerts to notify you about good opportunities, and there’s also an option to trade crypto right from that same app. The app is free, which is good news for beginners who don’t want to spend too much on such tools.
While you have definitely used CoinMarketCap to get information about certain coins, there’s a good chance you haven’t heard about its advanced screening options. These tools allow you to filter coins by industry, price, algorithm, and so on. You can learn more about any token or add it to your list for further tracking. All in all, it’s a must-see for every novice trader.
Cryptolume is a great platform that allows you to receive all the important data about the market via a convenient interface. The tool generates thousands of alerts to help you find decent opportunities for trading, and you can set custom alerts. It’s suitable for both novices and experienced crypto traders.