Best Tools for Crypto Price Tracking

Tracking the prices of crypto assets is a basic component for playing in the crypto market, from casual investors to active traders and those just jumping in to see what it is all about. Crypto markets trade 24/7, are highly volatile, and we see a wide range of different tokens and assets. Also without tools that report real time pricing, historical trends, alerts, and performance of your portfolio, it is easy to get in over your head.

Over the past few years we have seen the introduction of a large variety of tools that range from basic price tickers to in depth analysis dashboards which in turn have helped people to stay current. In this article we look at what we feel are the best crypto price tracking tools available at present, we also put them into categories by type, what they do best and which audience they do it for.

Why Crypto Price Tracking Matters?

Before jumping into the specific tools, we should cover why effective price tracking is important at all.

Cryptocurrency markets trade differently from what we see in traditional finance:

24/7 trading: Unlike traditional stock markets which have set trading hours crypto markets are open 24/7. Also price changes may occur at any time.

High volatility: Large fluctuation in prices is typical, especially for smaller tokens and early stage projects.

Fragmented market data: In the world there is a very large number of exchanges and we see that the prices at which they trade vary.

Diverse assets: From Alt coins and Crypto currencies in the range of Digital assets to watch out for the spectrum is large.

A good price tracker which is at your service to aggregate live price data, present trends to you, and also to issue alerts. Also it may put in portfolio management in the same package. The result  improved access to info on your investments and the market.

Broad Market Trackers: CoinMarketCap and CoinGecko.

CoinMarketCap

CoinMarketCap a well known name in crypto data is what many go to first when they check prices. They aggregate pricing, volume and market capitalization data from hundreds of exchanges and thousands of tokens which they present in a clean and search friendly format.

Key features include: 

• Live price data and past price charts.
• Market cap and volume statistics.
• Watchlists and customizable price alerts.
• Mobile app for on-the-go tracking.
• Educational content and news.

Who it’s for: For the new to investment, the occasional trader, and any person that is interested in a trustworthy overview of the large crypto market.

Pros: Easy to use, reliable data sources, wide range of coins covered.

Cons: Does not provide in depth analysis tools which more specialized charting platforms do.

CoinGecko

CoinGecko is a major player in the crypto tracking field. It does what CoinMarketCap does which is aggregate prices from many exchanges but also includes additional metrics like that of developer activity, community growth, liquidity, and DeFi insights.

Highlights include: 

• Prices for thousands of cryptocurrencies.
• Metrics which go beyond price — like social engagement and developer contributions.
• Portfolio tracking and price alerts.
• Clean, intuitive charts.

Who it’s for: Users looking for a little more in depth information beyond the basic price lists but at the same time value simplicity.

Pros: Great variety of data points, for research.

Cons: Automatic sync of portfolios may be limited in some cases as compared to dedicated apps.

Advanced Charting & Analysis: Trading Platform.

For traders who look at technical analysis or prefer to see price movements in a visual way, TradingView is the stand out platform. Although it does not focus solely on crypto we at large see it as an invaluable tool for very active traders.

Key capabilities include: 

• Wide range of chart tools which include over 100 technical indicators.
• Personalized alerts for price levels and technical conditions.
• Community scripts and strategy backtesting.
• Multi-asset class tracking (crypto and stocks, foreign exchange, etc..

Who it’s for: Traders which use technical analysis and custom indicators for their crypto price tracking.

Pros: Industry pioneer in charting, large community of users, and wide asset coverage.

Cons: For beginners it may be too much and we charge for many of the advanced features.

Portfolio Watchers for Mobile Desktop.

As the crypto space grows we see that many are looking for more from their tools  they are interested in tracking their full portfolio across exchanges and wallets. Here are some of the best that do that:

Delta

Delta is a go to portfolio tracking tool that reports real time prices as well as performance analysis. We also see it to do auto sync with exchange accounts (for some providers), custom price alerts, and in depth performance reports.

Features include: 

Syncs with exchanges and wallets.

In certain plans we support multi-asset portfolio which includes stocks and ETFs.

Historical performance tracking and allocation views.

Who it’s for: Investors that have holdings on many platforms which is a pain point.

Pros: Strong analytics and multi-exchange sync.

Cons: Some exclusive features are behind paywall.

CoinStats

CoinStats is a one stop shop for all your tracking and wallet needs. We connect to over a hundred exchanges and wallets which in turn we present to you on a single dashboard that includes your crypto values, price action and also DeFi positions.

Key points:

Supports 300+ exchanges and wallets.

Real-time price alerts and analytics.

Built into some plans are tax reporting tools.

Who it’s for: Users that have a full picture of their whole crypto portfolio.

Pros: Extremely wide range of features, great UI.

Cons: Free version is a limited one.

Features and Niches of Unique Tools.

Beyond the large generalists some tracking tools do better at certain tasks.

CryptoCompare

CryptoCompare provides in depth market insights and aggregate price data which includes exchange specific volume, liquidity analysis, and institutional grade indices.

Who it’s for: Researchers, analysts, and users that require in depth market context.

Pros: In depth analysis and past data sets.

Cons: Less geared toward mobile.

LiveCoinWatch

A simple to use price tracker which also in real time updates a large set of tokens.

Who it’s for: Users looking for a lighter option to CoinMarketCap/CoinGecko.

Pros: Clean design and reliable price feeds.

Cons: Less in depth features.

Zerion

For those that are into DeFi, Zerion reports wallet balances across many Ethereum based chains and also gives price info with DeFi positions.

Who it’s for: Decentralized Finance users and wallet focused traders.

Pros: Strong on block chain wallet analysis.

Cons: Less broad crypto focus.

Mobile Applications to Check Out.

There is a large set of mobile first crypto price trackers which have varying philosophies:.

Crypto Pro: Centers on privacy and personalized alerts.

MarketGod & SwissBorg: Present exclusive analytics layers.

Exchange Apps (like Binance): Exchanges see a lot of price action which also includes price alerts and charts.

Many of which also have push notifications for price changes and customized watch lists which is great for mobile tracking.

Which tool is best for you?

With a wide range of choices, which is the best for you depends on your goals. Here are some questions to guide your decision:

Do you a casual watchman or active player?

Casual users go for sites like CoinMarketCap and CoinGecko which present a simpler interface, and active traders prefer TradingView.

Do you prefer portfolio management or just prices?

If you are looking to see the full picture of your portfolio’s performance then you will do better with tools like Delta or CoinStats which outperform basic price trackers.

Do you need automatic syncing?

Some applications are able to access API keys which in turn allows them to automatically pull balance and trade info  this is useful if you hold assets across many platforms.

How much analysis do you need?

For basic price alerts simple trackers do the job. For in depth insights and trend analysis we recommend using advanced tools and charting platforms.

Final Thoughts

The crypto space has a large variety of price tracking tools that cater to all types of users. We have trusted players like CoinMarketCap and CoinGecko, we have in depth analysis from sites like TradingView, as well as full service portfolio platforms that do it all for you like Delta and CoinStats, in terms of staying informed with what is going on in the market we are very well covered.

What is of great importance is to choose a tool which fits your goals and enhances your investment style. As you are checking prices before lunch or in in depth research of multi exchange portfolios at your desk the right tool will improve your crypto experience to be more efficient, informational and in the end more profitable.

Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.