Resources for analyzing cryptoprojects p.1

Why is analysis important when investing?

Only through careful analysis can you assess the potential profitability of an investment. Proprietary analysis provides an in-depth understanding of the selected asset. This approach goes beyond simply studying numbers and statistics to analyze a wide range of factors that can influence the future value and market behavior of an asset.

During the in-depth analysis process, the investor evaluates fundamental aspects of the asset, such as the asset's capitalization, overall supply, tokenomics, the company's financial position, its development strategy, marketing, competitiveness, and other factors. This allows the investor to not only understand the current state of the asset, but also to forecast its long-term prospects.
It is definitely not worth investing in a project "on advice" without doing your own research. Since personal analysis increases investor's confidence in decisions.

In addition, personal analysis helps to reduce emotional reactions to market fluctuations. An investor who is aware of the fundamental aspects of his portfolio becomes less prone to panic and is able to make decisions even during periods of volatility. That's why below we will look at the most important and convenient platforms to conduct your own reserch before investing.

CoinMarketCap review

CoinMarketCap is an information aggregator in the form of a website and mobile app that provides information about cryptocurrencies and blockchain projects.
The site was founded in 2013 by Brandon Chaz and is one of the most popular sources of information about crypto assets in the world.

CoinMarketCap is the first service you should turn to if you decide to invest in some cryptocurrency.

It is here that you can find the most important information about the asset: current value, market capitalization, total supply, trading volumes, list of exchanges where the cryptocurrency is traded.

In addition, on the page of the selected asset you can find the most important links for further reserch: website, Twitter account, Reddit, project whitepaper. Also on CoinMarketCap, users can share their opinions on the market situation or the selected asset and talk to other crypto-enthusiasts. That is, here the user can not only track the numbers, but also read feedback from other community members.

The main objective of CoinMarketCap is to provide cryptans with the most up-to-date information about the current state of the market or a particular token.

The service provides the most important tools at the beginning of the research to make decisions about the asset.

In addition to information about the asset, the platform can tell you about different crypto exchanges: you can find a list of CEX and DEX exchanges (we wrote about the difference between CEX and DEX here), study on which exchanges you can trade futures contracts, and which ones have only spot and a lot of other useful information. CoinMarketCap also rates exchanges on a 10-point scale: the higher the rating, the more reliable the platform considers it.

In addition to information about cryptocurrency, the platform can track the NFT market: the general state, as well as information about individual collections.

CoinMarketCap also provides information about future important events for the crypto market. Although, of course, there is a separate platform for this, which we will talk about in the next section.

CoinMarketCal Overview

If you look closely, on the previous screenshot from the section about CoinMarketCap, you can see a link to the CoinMarketCal affiliate site near the calendar. It was indeed launched thanks to CoinMarketCap. This platform is focused specifically on events happening in the crypto world.

CoinMarketCal is, as the name already makes clear, a cryptocurrency calendar that has been successfully operating since 2017.

Here you can find information about all the key events in the world of cryptocurrencies, looking at each coin or token separately. CoinMarketCal cryptocurrency calendar has a number of important advantages.
In particular, it is characterized by its ease of use, in addition, the platform is free (paid features are optional) and provides information about upcoming events for each cryptocurrency that is informative and always up-to-date.

CoinMarketCal provides extensive information about upcoming (and past) events for almost every cryptocurrency.
Here you can learn about:

• Airdrop (free cryptocurrency distribution) or Snapshot a particular network for future token distribution.
• Listing on an exchange.
• The launch of the main network.
• Hardfork.
• Rebranding.
• A new partnership.
• Launch of a new fork.
• Conferences and other events.
• Release of new features.
• Change of roadmap (Whitepaper).
• Launch of Staking (Staking) or Farming (Farming).
• Launching a new website and more.

You can get data about all upcoming events or for a specific cryptocurrency on the main page of the site, using filters in the additional menu. Here you can sort by dates, specific cryptocurrencies, exchanges and other additional categories.

On each event card there is an opportunity to vote for the validity of the event, see links to sources of information and add certain events to your calendar, as well as create a reminder.

CoinMarketCal provides the ability to quickly learn about news and important events in the cryptosphere for years to come, allowing you to prepare in advance and consider earning opportunities.

CoinGecko review

CoinGecko is the closest competitor of CoinMarketCap. It is a CoinMarketCap-like data aggregator where you can find the most important information about the asset at the beginning of the analysis: price, capitalization, trading volume by currency pairs, total supply, exchanges traded on.

The site was founded in 2014 by Bobby Ong and TM Lee and is one of the most popular sources of information about cryptocurrencies in the world.

On the platform, you can group the list of coins by several parameters:

• Market Capitalization (stands by default)
• Trading volume
• Recently added
• Most increased or decreased in value
• Popular
• Positive outlook

In addition, you can open the "lists" tab on the site, where you can see an overview of coins sorted into groups: current, popular and new cryptocurrencies.

Like on CoinMarketCap, you can open full information about a particular asset.

Links to the most important web pages of the project will appear in front of you: website, Twitter account, Reddit, Facebook, Telegram, Project Whitepaper and so on.

Just like on CoinMarketCap, here you can see where a particular asset is trading.

On this aggregator you can find information about the crypto exchanges you are interested in - DEX or CEX, as well as the level of trust about a particular exchange.

In addition to learning about digital coins and the exchanges on which they are traded, you can find here information about the NFT market: the most popular NFT collections, their value, capitalization, trading volume and owners.

Defi Llama Review

DeFi Llama is another analytics service and data aggregator in the cryptocurrency market.

The website was launched in 2020 in response to similar onchain aggregators such as DeFi Pulse.
A wide range of analytics tools are available to users on the platform. Interestingly, the platform initially only offered statistics on total frozen funds (TVL) in the DeFi sector and a few additional dashboards.

Since 2020, DeFi Llama has grown into a full-fledged ecosystem. With the right knowledge and understanding of what to find, an experienced cryptan can find ways to profit in the short to medium term in a few hours spent on the platform.

Importantly, 95% of the information that can be found on DeFi Llama is collected by onchain - such data is virtually impossible to fake (you can read more about onchain analysis here).

Thanks to the aggregator, the life of cryptoanalysts becomes much easier, as all the necessary information is already collected in one place.

As the name makes clear, DeFi Llama focuses on the DeFi sector of the cryptoasset market. The user has access to many dashboards and tools on the site - all of which are interactive, meaning everyone can customize the space to suit their needs.

In addition, the platform makes it possible to track both the overall data of a particular partition and a specific blockchain. DeFi Llama supports most of the top blockchains.
The largest number of dashboards is in the DeFi section, which is not strange. This section brings together key data on the entire sector and individual blockchains and projects. Currently, there are 16 dashboards in this section, and their number is constantly increasing.

The most important dashboards to start working with DeFi may be these:

• Overwiev: the first dashboard where the platform started its existence. Here the user can study information about TVL funds on a particular site or network.

• Airdrops: a very interesting section dedicated to drops. You'd think that it would say what project you can make money on here and now, but in fact you'll find information about popular sites that don't have a native token yet, but may release one based on the popularity of the site. You won't find any information about upcoming drops or how to participate in them, but you can still get some useful information "to think about".

• Categories: in this dashboard you can find information about DeFi Protocols categories, description and market share.

• Top Protocols: Here are the top projects in each category on all supported blockchains. This is also very useful information when you are just starting out in the DeFi sector.

DeFi Llama is a platform that collects the most important information about dozens of blockchains and thousands of DeFi projects. Thanks to this resource, analysts can find all the information they need about projects, blockchains, NFTs and more. The service provides data useful for different types of activities and for users with different levels of experience in the cryptocurrency market. All this data is structured in the form of handy dashboards.

Vestlab Overview

Without going far away from aggregators, we want to review another one called Vestlab.

On this platform, you can find important information about projects. Here you can study the project description, find links to official websites as well as whitepaper, information about token distribution, lunchpad platforms where tokens are realized, dates of the first unlocks, percentage of locked and unlocked tokens, chronology of token issuance, as well as a countdown timer until the next unlock.

To get more information about a project, you just need to click on the project you are interested in.

In the Categories section you can filter projects by platform - CoinList, Tokensoft, Launchpad.
There is also an opportunity to view projects that are just about to announce their vesting (in the TBA section).

The platform also has a "Calendar" section where you can track information about upcoming token unlocks.

CryptoPanic review

If you want to learn about all the news from the crypto world faster than from Telegram channels, then this resource is definitely for you.

CryptoPanic is rightfully considered one of the best news sources in the crypto world, because here you can select news by categories: top news, blogs, regulation, events and so on.
In addition, the platform actually publishes the latest news with a frequency of literally a few minutes. Therefore, it is really convenient to monitor information about this or that project or the crypto market in general on this resource.

There is also an interesting tab - portfolio. Data about your portfolio can be added manually or automatically imported from exchanges.

In addition, a discussion board can be found on the platform where users can ask questions and write their ideas. This tab has a ranking of users in the form of a leaderboard based on their portfolios. These features help build a community where users can get information and support from other experts in the community.

The importance of reserch before investing: tips from the CRYPTOLOGY.KEY team

Investing in crypto projects, like any other, requires a thorough analysis and understanding of what you are investing in.

It is important to study the goals of the project. Understanding what the crypto project's long-term plans and strategy are can give you an idea of its potential and sustainability. Projects with a clear and realistic mission often have a better chance of success. Therefore, it is important to evaluate how well the project's vision and benefits are conceived and developed.

Project capitalization is also an important indicator. It helps in understanding the current market value and the total mass of investment in the project. A large capitalization can indicate broad acceptance of the project and investor confidence, but it is important to remember that this is not always a guarantee of stability or growth.

The white paper is another critical tool. This document provides detailed information about the project, including its technical aspects, development plan, and economic model. A well-written whitepaper can greatly increase your understanding of and confidence in the project.

However, if you notice any inconsistencies or errors in the WhitePaper, this is a red flag, as the project is most likely to be a scam project. You can read more about scam projects here.

The team behind the project also plays a very important role. The experience, qualifications and reputation of the team members can be good indicators of a project's potential. Projects led by experienced professionals with a proven history of success in technology or business often have great potential.

To analyze crypto projects, you should turn to aggregators like CoinMarketCap, CoinGecko or Vestlab: there you will find all the information you need and links to official social networks and WhitePaper - studying this information is the first step before investing.

If you decide to invest in a DeFi project, be sure to visit the DeFi Llama website: there you can find important information about the project collected in dashboards. However, it is very important that all the metrics you use are clear to you and you understand why you need this metric and how it can affect the price of the project in the future.

Thorough research before investing in a crypto project will not only help you avoid potential losses, but also help you identify projects that can generate significant returns. A conscious approach and a deep understanding of the project is the key to success.