🔥OPEN! We’ve Curated Something for you

Good Morning Switchers 🤗

👋Welcome to Switch Daily.

How was your weekend? Or should we ask, how was your Web3 meetup hopping 😛?

Bengaluru’s Web3 scene was like a continental buffet—ETH India being the main course, you could find all kinds of side Web3 events for developers, non-developers, Women in Web3, etc, etc,. And if you ever wanted to spot the Web3 OG’s, ‘luru was the place to be this weekend. Wow, the level of energy was just MAD. 🔥

But it’s Monday again and this time we’re back with a SPECIAL EDITION. So…

BTW, if you like reading this newsletter, give us a shout out on Twitter and get your friends to subscribe. It will mean a great deal to us!

Market pulse 📈

The market is throwing some positive vibes 🌞

The last week ended on a positive note with bitcoin successfully holding above the $17K level. Favorable US economic indicators and improved investor confidence helped the market to stay positive.

MATIC and ETH gained the most among top 10 coins last week, rising by 13.64% and 10.50% respectively. Crypto Fear & Greed index remained at 26/100 level, suggesting investors are in wait-and-see mode.

⚒️15 tools to nail your crypto research 🧰

POV: You want to become a crypto pro, but dunno where to start. 

We’ve all been there—a point where we are into crypto, want to learn more about the asset class, want to make trades and be profitable. But, starting trouble right?

Which is why, we took the combined experience of all the OG crypto traders at CoinSwitch and curated a list of tools that can help you get started with DYOR (Do Your Own Research) for crypto trades. Check it out!

Here are 15 free tools to help you ace your crypto research. And oh! Watch out for the bonus we’ve added to the list too.

1. Messari

Messari is a platform that provides you with a “Factbook” of sorts, which covers all the significant aspects of the crypto market. This includes data on every coin, ICOs, and more. The data on Messari is sourced from CoinMarketCap and other 3rd party APIs and is updated in real-time to produce accurate information for investors.

With this tool, you can:

• Read historical prices.

• Add a watchlist of your favorite cryptos.

• Access research materials on the crypto and Web3 industry.

• Access the latest news in the industry.

2. Glassnode

Glassnode is an on-chain data and intelligence platform. Meaning it collects data from multiple blockchains to measure crypto network activity accurately and then reports metrics and insights to investors.

Using the free plan of this tool, you can:

• Access data such as crypto wallet details, on-chain metrics, supply and scarcity of a token, etc.

• Compare data between any two tokens.

• Create your dashboards, access historical charts, and set price alerts for your favorite crypto

FYI: They also have a tutorial button to help you navigate the tool.

3. Lunar Crush

Know how there is a price swing in Dogecoin every time Elon posts a related tweet? That’s the kind of thing Lunar Crush captures. It analyses the market movement based on influencers mentioning a particular coin on Social media platforms like Twitter, Instagram, Linkedin, etc.

Using Lunar Crush, you can:

• Get an idea of the social media mentions and engagements of major crypto assets.

• Filter the data based on a particular ecosystem. For example, you can check the social media engagement for the Polygon ecosystem, Tron ecosystem, etc.

• Access the social media sentiments of crypto exchanges.

• Access insights on the US stock market.

4. Trading view

TradingView is a powerful trading valuable tool for both novice and experienced investors and traders. It is dependable, comprehensive, and contains most of what you need for day-to-day trading. You can easily switch between all of the exchanges and coins.

You can use Trading View to

• Conduct technical analysis with charts, historical data, etc., for any crypto.

• View coin data using 12 different charts.

• Use pre-built and community-built indicators to track the market.

Tidbit: If you are using the free version, constant ads asking you to upgrade can be annoying.

5. Chainalysis

Chainalysis produces the most accurate and advanced tools for Bitcoin transactions and blockchain analysis. Their software can analyze any Bitcoin address and provide insights into the cryptocurrency's payments, balances, movements, and associated entities.

This tool enables you to access endless yet insightful research reports on crypto and DeFi trends. Although most of their features can only be accessed through paid subscriptions, they regularly post insights and data openly on their Twitter handle. You can follow them and use these insights to conduct research.

6. CoinMarketcap

This tool is like a crypto encyclopedia. You can find everything you need to know about the crypto market on this website, including the total crypto market cap, the percentage change in market cap, over 2000+ coins and their price movements, Bitcoin dominance, news related to each coin, coin descriptions, etc.

Using CoinMarketcap, you can:

• Study each crypto and its utility.

• Get updated news regarding specific tokens.

• Access historical prices using line and candlestick charts.

• Trading volume in CEX and DEX.

7. Nansen

Nansen tool is a blockchain-based exchange and trading platform for crypto. The service was created to eliminate problems traders faced, such as high fees, complicated interfaces, and a limited number of trades.

Nansen features include

• NFT analytics

• DeFi analytics

• Wallet analytics

8. CryptoMiso

Crypto projects need to be developed, maintained, and improved consistently. If a project’s development is slow or dead, investing in it may not be a great idea. You can track the development of crypto projects via Github, but you may have to do an individual search for each project.

Crypto Miso is one tool that gathers all the data from GitHub and provides a database for tracking the progress of all crypto projects in one place. It ranks crypto based on its Github activity.

9. Coin Dance

This one is for Bitcoin lovers in the house. This community-driven tool tracks all metrics related to Bitcoin and other cryptos in the Bitcoin ecosystem, such as Bitcoin Cash, e-Cash, and Bitcoin SV. Coin Dance monitors various metrics, such as hash rates, network nodes, fees, block sizes, and mining breakdowns.

10. Dune Analytics

Dune is a blockchain analytics platform that enables you to create your dashboard or borrow from one of the pre-created ones. It provides data on topics such as NFT markets, DeFi markets, blockchain ecosystems, decentralized exchanges, etc. The platform enables you to backtest trading strategies and find the optimal one to increase profitability.

11. DeFi Llama

It is a Total Value Locked (TVL) aggregation platform. This tool measures the total value of all assets locked into DeFi protocols. It includes money locked in Defi protocols that offer lending, staking, and liquidity pools.

DeFiLlama offers features such as

• Coins ranked by fees and revenue,

• Liquidation levels in cross-chain bridges,

• Tokenless projects that may airdrop, etc.

12. Coindar

Coindar is a unique tool that tracks all the major events and happenings in the crypto space a.k.a a crypto calendar. The calendar captures all things such as forks, NFT launches, system updates, Airdrops, Twitter AMAs, giveaways, community events, Web3 meetups, and more. You can use this information to predict the markets and to improve your trading strategy.

13. Token Unlocks

Unlocks are some of the most important events for a crypto token, but tracking them down manually can take time and effort.

Token Unlocks provides you with insights like Total Locked Value and percentage, when the next unlock event happens, what percentage of the tokens will be unlocked, etc. The platform also offers intense tokenomics data to help you decide which projects are worth investing in.

14. Etherscan

Etherscan provides a search engine for the Ethereum blockchain. It fetches data from all the smart contracts within Ethereum and displays them on a webpage. The Etherscan database is not tied to any block explorer; thus, it can be used by all other explorers and even other projects that use Ethereum.

15. Ultrasound Money

This is another Ethereum-focused tool. Using Ultrasound Money, you can learn the supply data, burn rate, burn leaderboard, gas fees, etc., around the Ethereum ecosystem. This tool can also tell you the inflation rate of ETH and show projections of what the supply, burn, and inflation rate will be in the future.

Bonus tools

1. CRE8 Index by CoinSwitch

CRE8 stands for Crypto Rupee Index—a list of eight top crypto assets by market cap. These cryptos have performed well in the past, are liquid, and are fundamentally strong. It is a broad-based index to measure the performance of the Indian onshore crypto market. CRE8 covers over 85% of the crypto market.

It is the benchmark index of the Indian crypto market that helps you with building passive investing strategies and managing the market volatility in a better way.

2. CoinSwitch Pro

CoinSwitch Pro is like a farmer’s market: a single interface for you to buy and sell crypto from across multiple exchanges. You only need a single account to access the Indian Rupee-denominated crypto market.

You also get advanced charts and analytical tools by TradingView and a unified portfolio to manage all your crypto investments across exchanges.

Meme of the day

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See you tomorrow, folks. 👋

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