ZoneBitcoin EditorialYou are constantly told the same expression "Do Your Own Research" ( DYER). In French, nothing could be simpler to understand: Do your own research. However, it's not that easy to do your research, especially when you're starting out. To make a fundamental analysis, you still need to have the right data and know how to read the tokenomics.
You know, those of us who write articles have to do a lot of work up front to analyze trends, discover new projects, estimate potential and measure reliability, for example. Some specialized sites help us sort through the countless information that we have to process.
It is important to do your own research and DYOR because in reality, few people do it… Most of the time, we repeat what others have said. The world of cryptocurrencies is “complex” and sometimes irrational, we prefer to follow trends rather than analyze them. However, this is how you will lose money. By following what the crowd is doing, you ensure that you are on the wrong side…
Here is a non-exhaustive list of 5 useful sites for doing your DYOR.
CoinGecko and CoinMarketCap
I'll start with the sites you all know. The essential sites, essential for DYOR. Some will prefer Coinmarketcap and others CoinGecko, but frankly they are equivalent. It's a matter of personal taste, I would say. We usually start our days by looking at these sites. There you can find everything and above all the prices of all the cryptocurrencies, the addresses, the networks used, the tokenomics and all the indicators we need.
On these platforms you can be kept informed of future project developments. We can also list the projects will be certain factors, such as the market cap or the price variation in the last 7 days for example, or even by categories.
TokenMetrics : The site for professional investors
Personnellement, TokenMetrics is one of the best sites for those who want to complete their fundamental crypto analysis. This is the reference site used by the media and financial institutions. The site is nevertheless aimed at more "professional" investors and it goes further than DYOR, I want to say. However, many individual investors use it.
TokenMetrics has been carrying out relevant analyzes on cryptocurrencies for years. Of course, the service is chargeable and depending on the packages chosen, prices vary.
In the same way, the site is then paid for via a monthly subscription. The TokenMetrics team also uses Artificial Intelligence tools to read the data. This contributes to the fact that the data analyzed is also detailed.
CoinMarketCal: Know the token launch dates
So, on Coinmarketcap, we also have the ICO calendar. That said, we used to use CoinMarketCal. The word "Cal" for calendar, huh.
The difference with CoinMarketCap is the fact that it is also the crypto community that can post events. They can also vote for the event. It is therefore a site including a social element. We can therefore perceive thesocial engagement of a project. When carrying out a DYOR, the social component is inevitable. You need to know if the project has a "good" community that supports it.
There are all events listed in order of importance. You can see updates to protocols and projects. The site also indicates which airdrops to follow.
You know, some have a big impact on a project. Typically listings often influence prices. This will then depend on the project and the owners.
Sometimes, VCs will take advantage of this to sell their tokens en masse. On the other hand, a listing can be a way to push up/purchase a token.
This was the case recently with the token ApecoinCoin For example. The latter with a first listing on Binance made the token climb over 1000%! Of course, you had to know how to sell before the token dropped…
Messari: The most complete site for a DYOR worthy of the name
This is the reference site for in-depth research. Here too, we go beyond the strict framework of the DYOR. Indeed, Messaria is certainly the most complete site that exists. These are experienced and excellent researchers who are behind the research.
Financial institutions use Messari to know the details of the operations taking place on the different blockchains. You can filter in several ways to find the tokens you are looking for.
To tell you frankly, most of the time what you read in articles is just a commentary on Messari's research. We ourselves on Zonebitcoin read Messari daily.
We also use Messari to know where investment funds are invested.
That said, to access more precise data on the site, you will need to take out a subscription. However, the free version may be more than sufficient for a beginner.
This is one of the last sites we discovered. Honestly, we were seduced by the concept and the platform. The interface is easy to understand and you can directly target what you are looking for. Even better than basic DYOR, Lunarcrush gives us very relevant insights. This one is dedicated to market sentiments and especially tosocial engagement. You will be able to see the mentions and popularity of a crypto. The platform gives us access to signals also regarding NFTs, something that few platforms do.
We can then easily see the public perception of a project and its enthusiasm. As you know, the social commitment of a project says a lot about it.
However, social engagement is not an ultimate indicator. You must add it to other indicators before making your choice.
The site is also paid. You will need to purchase the LUNR token to have access to it. We can criticize the site for having chosen such an option...This does not prevent us from appreciating the general quality of the information.
Note on the criterion of social commitment
We are not "experts" in social engagement. In fact, we know too well that behind a good social engagement often hides a big marketing campaign that is not always "fair" and honest. This itself leads to unhealthy behaviors on the markets....
Behind big accounts on Twitter are bots and subscriber purchases. The same goes for YouTubers talking about a project. Very often they were paid to do so. The project then experiences a hype and this runs out of steam some time later, once you have invested, thanks to your favorite YouTuber, your token will lose its value.
Very clearly, there are limits to social commitment... We are not (at all) in favor of this criterion even if unfortunately it is becoming more and more widespread...
GlassNode: The tool for professional traders
We couldn't decently write an article on sites for doing DYOR without mentioning a useful site for trading. You are certainly familiar with GlassNode or an equivalent like Trading View. These are tools very popular with investors to a lesser extent but especially with crypto traders. We don't all do automated trading and sometimes it is good to use your own technical analyzes
We use a lot GlassNode and this might interest you if you are looking for crypto nuggets in the making. The free version of the site is perfectly sufficient for a beginner. That said, you will need to take out a subscription to take optimal advantage of it.
Conclusion and final word on DYOR
When you do your DYOR searches, you end up getting used to specific tools. You should know that even if some of the sites mentioned in this article seem "complex" to you, it's normal if you're a beginner.
There needs to be an adoption time for each tool. It's time to familiarize yourself with the data and the interface, for example. Some sites like TokenMetrics makes your job much easier.
The more diverse information you combine on a project, the clearer and more precise you will have of the project in question.
Also, you should know that this list is not exhaustive. We have not included all the sites that we use as a crypto journalist for example.
Likewise, you must of course take the time to do your research and analysis. You won't find the ready-made answers at a glance. You have to be aware of that. You will know which measurement and which signals to choose over time.
It is essential – depending on how you want to invest – to establish your own strategies. We will address this point in future articles.
🤓 Finally, depending on your goals, you can choose to browse sites that give you predictions on cryptocurrency prices. You can also choose to use sites that give you the best rates of returns (useful for Yield farming, for example).
🔖 Additional articles:
- Know how to do crypto fundamental analysis
- Here's what tokenomics means and how to read it
- What is TVL in crypto?
- Understand the market cap (market capitalization)
Note: No financial advice is given in this or any other article on this blog. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
To buy cryptocurrencies (simple way):
- Public chat Binance (Get 10% off)
- Registration on the ByBit platform
Generate interest on your cryptocurrencies:
Secure your cryptocurrencies:
To have fun and play
- The best for bitcoin sports betting
- Discover the bitcoin casinos
