“Master Memecoins with 5 Must-Have Crypto Tools”
We are back in the booming period of the bull market.
Token prices can skyrocket, and trading volumes can push the network to its limits, which is hard to imagine in less optimistic times.
To engage in cryptocurrency trading, whether it’s altcoins or memecoins, you need to stay ahead of the curve.
Retail investors need to have the right toolkit to find the right tokens at the right time and ensure they don’t miss out on opportunities.
In this article, we will outline 5 essential tools for readers to hunt for tokens.
Table of Contents
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1. Dexscreener
2. Arkham Intelligence
3. Zapper
4. DefiLlama
5. Coinglass
Conclusion
Dexscreener is favored by both newcomers and OGs, and it has become the platform of choice for hunting altcoins and memecoins.
Dexscreener provides real-time data streams, allowing users to view data charts every five minutes. It can detect newly released memecoins across 30 blockchains and track their movements.
Additionally, Dexscreener’s iOS and Android applications can enable push notifications based on percentage changes, target prices, or price movements within a set time period. This means you can always stay on top of the market. Whether you want to ride the wave of token issuance in Solana and Ethereum or simply grasp the pulse of DeFi, Dexscreener will be your lifesaver.
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Arkham Intelligence reveals the often opaque nature of blockchain transactions, allowing users to glimpse behind the anonymous scenes.
Arkham offers various functionalities, 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 list of holders with sufficient and relevant information, providing references for token allocation. Like Dexscreener, Arkham also allows users to enable real-time push notifications to update movements of specific wallets, with options including Telegram, email, or even Slack.
Another powerful feature of Arkham is the ability to identify top holders of tokens, gaining insights into whether they are experienced on-chain actors (identified through the use of Ethereum Name Service (ENS) domains or as active OpenSea users) or whether they are just one-time wallets.
In summary, whether your goal is to discover the next big event, prevent fraud, or simply track influential wallet movements, Arkham’s AI-powered platform provides a full suite of tools to help you gain a deep understanding of the blockchain.
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Zapper turns the blockchain into a social media platform, helping you easily navigate popular DeFi apps and tokens, veteran DAOs, and NFT collections.
This monitoring can be filtered through networks (such as Base, Arbitrum, ETH) or other specific conditions, including top token holders, recent buy/sell orders, or top traders. This user-friendly interface allows both newcomers and veterans to track their digital footprint on the network while also delving into portfolio exploration, monitoring, and even asset swapping or bridging between EVM chains. Additionally, it serves as a SocialFi platform, enabling token chats creation or entry.
Overall, Zapper views the blockchain as a social network (it can be considered one), listing trending tokens, projects, and NFTs in a familiar and readable format, helping you keep up with their rapid development.
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In the ever-changing DeFi landscape, DefiLlama stands out as a tool to track its movements, monitoring the total value locked (TVL) of all DeFi, blockchains, and dApps built upon them.
DefiLlama has a user-friendly database that allows users to gain an overview of the overall DeFi landscape, assess trends such as stablecoin liquidity and trading volumes within specific time periods, and zoom in on specific ecosystems and protocols for trend analysis, such as token price correlations with TVL or user growth within specific time periods. Additionally, it tracks fundraising announcements for new protocols, categorizing them by type and supporters, helping you identify patterns.
Whether you’re analyzing market capacity, peering into protocol revenues, or tracking venture capital trends, DefiLlama ensures you have the latest and most comprehensive data at your fingertips.
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For those venturing into the realm of cryptocurrency derivatives, Coinglass offers indispensable resources.
The platform stands out for its comprehensive data on cryptocurrency derivatives, such as futures trading volume, open interest (both often used to gauge 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 therefore what action should be taken. As depicted in the chart above, it also illustrates how Bitcoin’s volatility decreases as it matures, giving a sense of where Bitcoin may peak in the chart’s areas and at what price during this cycle. With Coinglass, you can turn informed guesses into thoughtful decisions.
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In the current bull market, every second and every satoshi is crucial, making these tools not just conveniences but necessities.
From Dexscreener’s real-time tracking and Coinglass’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’re a day trader, long-term investor, or somewhere in between, utilizing these tools can mean thriving in the dynamic world of cryptocurrencies rather than just surviving.
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