Top 10 Crypto Tools Every New Investor Needs | Updated 2023

CRYPTO TOOLS

So you’re a newly initiated Crypto Bro or Gal, Class of 2023. Congratulations, and welcome to the most fast-paced, entertaining, and high-potential industry on Planet Earth.

You’re new around here, so you’ll need a few high quality resources on tap to keep you informed, grounded, and focused. And a few laughs along the way don’t hurt either. This industry will test you mentally and emotionally, so take everything that you can get.

And without any further adieu, I present to you the top 10 crypto tools that every new investor needs for 2023.

1. CoinMarketCap

Established in 2013, CoinMarketCap is the absolute go-to for cryptocurrency price-tracking. The website provides accurate, real-time pricing for over 22K currencies, along with macro metrics like total market cap, dominance, and trade volume.

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But if you dig into the website just a bit, you’ll soon realize the treasure-trove of information behind the surface. Cryptocurrency, NFT, blockchain, and exchange data is sliced up and served out in multiple ways. The website features an event and ICO calendar to help you keep track of major industry happenings. And the news, research, glossary, and “Alexandria” sections can help deepen your crypto knowledge.

2. lookintobitcoin.com

In case you haven’t figured it out by now, it all starts with the King.

The crypto OG. The most decentralized network on Earth. The baddest money ever invented. The highest market dominance. The unknown creator. I’m taking about Bitcoin.

Whether you like it or not, the rest of the crypto market revolves around bitcoin’s price action. And at a macro level, bitcoin’s price action revolves around its supply, demand, and halving events. So if you don’t want to miss the crypto forest for the trees, then it pays to have a quality eduction in bitcoin and bitcoin macro theory.

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lookintobitcoin.com is the place to do just that. This website makes “Bitcoin data more accessible to everyone.” Its bread and butter are the free, high quality, easy to understand, relevant bitcoin data charts.

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Seriously. This website kicks ass. Dive in.

3. CoinDesk

CoinDesk is crypto’s hardest-hitting and sophisticated news publication. CoinDesk covers the crypto-economy, Web3, financial innovation, and how broader economic, financial, and regulatory systems are effecting our industry.

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The publication houses over 50 journalists who are routinely featured in other major publications like Bloomberg, The Economist, and The Wall Street Journal. CoinDesk does excellent work, as evidenced by its 13 million monthly website visitors and 1.3 million Twitter followers. The publication gained serious mainstream respect after it first broke the news about the FTX debacle.

Whether you’re a crypto-newbie or expert, CoinDesk is required daily reading. You’ll learn a ton about how economics, finance, government, and regulatory agencies are impacting crypto. And if you’re not a reader, check out CoinDesk TV, the publication’s daily news show.

4. Crypto Twitter

CoinDesk is legit, but if you’re looking to mainline breaking news, analysis, speculation, conversation, outright conspiracy, and the funniest crypto memes, then allow me to proudly introduce to you, the rabbit hole known as Crypto Twitter.

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Crypto Twitter is… well it’s a blast. And like any other feed-style social media platform, it can be whatever you want it to be. It all depends on whom you follow. But make no mistake, Crypto Twitter is where the L1 conversations are happening. Everything else is an L2.

So get plugged in. And the best way to start is by following your boy Lark Davis, @TheCryptoLark. I also recommend following top industry accounts like CZ from Binance as well as top exchange accounts like the Binance account.

5. DeFiLlama

DeFiLlama is the best resource for all things decentralized finance (DeFi). The website primarily aggregates DeFi total value locked data across all available dApps and blockchains. In English, that means DeFiLlama will orient you to the most disruptive and innovative sub-industry in the World.

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Like CoinMarketCap, there’s a ton of rich data and resources on DeFiLlama. “Yields” tracks lender and borrower interest rates. “CEX Transparency” monitors the financial health of centralized exchanges. “Liquidations” shows real-time liquidation levels.

DefiLlama data is open-source, and the website is maintained by individuals and contributors from around the globe. If you’re into crypto, then DeFiLlama is a staple.

6. Messari

Messari is a crypto-focused data and markets analytics platform. In many ways, Messari strikes as a more sophisticated, white collar version of CoinMarketCap.

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Messari specializes in offering crypto-related data sets, tools, and in-depth research reports, primarily marketed to enterprises and institutions. However, their website offers a plethora of data and reports available to anyone for free. It’s high quality stuff. Check them out.

7. YouTube

Conceptually, Crypto YouTube is almost identical to Crypto Twitter, just in video format. I’m proud to say that there’s a strong, vibrant crypto community on YouTube. In fact, crypto and YouTube grew up together. And the latter has done the Lord’s work in spreading the message of monetary freedom and anti-authoritarianism to the end’s of the Earth.

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So dive in. There’s plenty of solid crypto content creators who will show you different perspectives with regards to crypto, economics, trading, and monetary policy. I recommend Coin Bureau and Altcoin Daily for great content.

And of course, if you’re not subscribed to the Lark Davis’ channel, then dude you’re out of your element!

8. Glassnode

Glassnode is an on-chain data analytics platform. In English, that means Glassnode pulls all the relevant data possible from blockchains, and then publishes that data in relevant ways. Remember that most blockchains are open source, transparent ledgers. So address activity, coin flows, network, miner, and fee statistics are available for anyone to see. Glassnode captures and publishes this data to interested parties.

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Glassnode might be the most sophisticated tool on this list. With regards to content, it’s similar to lookintobitcoin. Except that Glassnode’s net is much deeper and wider (it covers multiple blockchains). And it can be overwhelming for new users. So ease into it, and take advantage of the tutorials.

9. Block Explorers

Block Explorers are web-applications that read and publish blockchain block data. “Blocks” are batches of transactions verified on-chain and divided by specific time slots. Every block contains a list of transactions that occurred within that particular time slot. So blocks include information with regards to sending and receiving addresses and the amount of assets transferred. You can use a block explorer to inspect these specific transactions.

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There are many block explorers on the web. Nearly every public blockchain has one. My favorite is Blockchair. But I encourage you to check out a few different options, find one you like, and then begin to explore a blockchain that interests you. And like Glassnode, a block explorer can be overwhelming the first time you use it. So take your time.

10. Wealth Mastery

Last but not least… Wealth Mastery is your go-to website and newsletter for all things crypto. The Wealth Mastery newsletter covers cryptocurrencies, DeFi, NFTs, Lark’s portfolio, technical analysis, the broader economy, and other issues. It’s delivered to the inboxes of a global subscriber network twice per week. Currently, over 55K individuals and groups are subscribed.

The Wealth Mastery website hosts a crypto library of over 500 articles. It offers a Crypto Beginners Guide, great for those just getting started. And for those needing a more serious deep-dive, the website also provides a Bitcoin Investing Course and an Altcoin Investing Course.

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Time. Specifically, yours. That’s the value of Wealth Mastery. If you didn’t notice from #1 – 9, there’s a lot to keep track of in the crypto space. Well #10 tracks all of it, summarizes the important stuff, and delivers it straight to you.

So save yourself some time and join our network.

Final Thoughts

Crypto is a dynamic, complex, and interesting industry. Lark and the Wealth Mastery team believe that bitcoin, certain L1s and L2s, DeFi, and other innovations are and will continue to revolutionize the global economic order.

And if this is true, then you need some great resources to help you navigate the terrain. The list above is an excellent place to start. Good luck!

Top 10 Crypto Tools Every New Investor Needs | Updated 2023 - - 2024

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Top 10 Crypto Tools Every New Investor Needs | Updated 2023 - - 2024
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By Lark Davis

Combining cutting edge insider insights and done-for-you market analysis to deliver crypto investors the best opportunities to grow their wealth, stay ahead of the curve, and avoid costly mistakes! We cover DeFi, NFTs, Altcoins, Technical Analysis and more!