Grasp the Meme coin trend: 5 essential encryption tools

The cryptocurrency market has entered a bull market phase again. Token prices are rising rapidly, trading volume has surged, and network load has reached its limit. Whether trading altcoins or meme coins, investors need to stay ahead of the market curve.

To seize the opportunity, retail investors need to master the right tools to find the right tokens at the right time. This article will introduce 5 essential token trading tools.

1. Dexscreener

Dexscreener has become the preferred platform for both beginners and veterans to track altcoins and meme coins. It provides real-time data streams, allowing users to view price charts at 5-minute intervals, discover newly issued tokens across more than 30 blockchains, and track their dynamics.

Dexscreener also offers a mobile application that supports push notifications based on price changes, target prices, or time periods, helping users stay updated on market trends at all times. For investors looking to capitalize on the token issuance boom on public chains like Solana and Ethereum, Dexscreener is an indispensable tool.

2. Arkham Intelligence

Arkham Intelligence is dedicated to revealing the opacity of blockchain transactions, allowing users to glimpse the information behind anonymous transactions.

The platform offers various features, including viewing transaction intelligence for specific wallet addresses, current and historical holdings, and overall profit and loss status. This information can help traders compile a valuable list of coin holders, providing a reference for token allocation.

Arkham also supports setting up real-time push notifications to update the movements of specific wallets through Telegram, email, or Slack. Another powerful feature is identifying the top holders of tokens and analyzing whether they are experienced on-chain users like ( using ENS domain names or active in NFT trading ), or one-time wallets.

Whether you're looking for the next hot project, preventing fraud, or tracking influential wallets, Arkham's AI smart platform provides comprehensive blockchain insight tools.

3. Zapper

Zapper turns the blockchain into a social media platform, making it easy for users to browse popular DeFi applications, tokens, DAOs, and NFT projects.

Users can filter according to different public chains ( such as Base, Arbitrum, ETH) or other criteria, including the top holders of tokens, the latest trading orders, or the highest-earning traders. This user-friendly interface is suitable for beginners as well as meeting the needs of experienced users to track their digital assets.

In addition, Zapper also supports in-depth analysis, portfolio monitoring, and even asset swaps or cross-chain transactions between EVM-compatible chains. It also has SocialFi features that allow users to create or join token chat groups.

Overall, Zapper views the blockchain as a social network, presenting popular coins, projects, and NFTs in an easily readable format, helping users keep up with the rapidly evolving encryption market.

4. DefiLlama

In the rapidly changing DeFi space, DefiLlama stands out as an important tool for tracking industry trends. It monitors the total locked value ( TVL ) of all DeFi projects, blockchains, and the dApps built on them.

DefiLlama provides an easy-to-use database that allows users to gain a comprehensive understanding of the DeFi ecosystem. Users can evaluate trends such as the liquidity and trading volume of stablecoins over specific periods, and they can also conduct in-depth analyses of specific ecosystems and protocols, such as studying the relationship between token prices and TVL or user growth during a certain time frame.

In addition, DefiLlama also tracks financing announcements for new protocols, categorized by type and investor, helping users identify market patterns. Whether analyzing market size, researching protocol revenue, or tracking venture capital trends, DefiLlama ensures users have access to the latest and most comprehensive data.

5. Coinglass

For investors involved in the cryptocurrency derivatives market, Coinglass is an indispensable resource.

The platform is known for its comprehensive encryption currency derivatives data, including futures trading volume, open contracts ( often used to gauge market fear or greed sentiment ), as well as the popular Bitcoin rainbow chart.

The rainbow chart helps users grasp the market cycle of Bitcoin, gaining insights into whether it is currently in an overbought or oversold state, thus formulating corresponding strategies. The chart also shows the trend of decreasing volatility as the Bitcoin market matures, suggesting the potential peak area and price level that this bull market may reach. By utilizing Coinglass, investors can turn intuitive judgments into data-supported decisions.

Conclusion

In the current rapidly changing bull market, every second and every satoshi is crucial. These tools not only provide convenience but are also essential gear for traders.

From Dexscreener's real-time tracking to Coinglass's market insights, from Arkham's in-depth analysis to DefiLlama's data aggregation, and to Zapper's intuitive display, each tool provides unique and valuable features for cryptocurrency investors.

Whether you are a short-term trader or a long-term investor, making good use of these tools can help you seize opportunities in the vibrant world of encryption currency and achieve asset appreciation.