Although most cryptocurrency investors are familiar with large projects such as Bitcoin and Ethereum, new investors may not be aware that there are thousands of cryptocurrencies traded 24 hours a day and 7 days a week.
Although manual sorting of all these investment opportunities is almost impossible, a comprehensive crypto screener can make it easier to find your next addition to the portfolio. Our guide to the best crypto screeners will help you choose the best tool for your skill level and investment needs.
Table of Contents:
1. Best for New Users: CoinMarketCap
It doesn’t matter if you’re a new cryptocurrency investor or an experienced professional, you’ve probably used CoinMarketCap to check the prices of various cryptocurrencies at least once. However, many users are not aware that they can also create a free wallet to access more advanced screening tools through CoinMarketCap. Sort by industry, platform, price, algorithm, and more with a single click.
In addition to sifting the market for new investment opportunities, CoinMarketCap also provides a comprehensive explanation of the technology behind all the most popular coins and tokens on its scanner.
Just click on a resource to learn more and add it to your watchlist. This feature can be both convenient and exceptionally useful for investors who are still familiarizing themselves with crypto technology.
2. Best for cryptographic analysis: altFINS
A crypto trading and analysis platform, you can use altFINS to manage your crypto portfolio, review 60 analytical tools, and review your portfolio as it changes. The platform also offers customizable settings and a crypto trading course that gives you even more information about your current and future investments.
The Coins Screener is an excellent feature that allows investors like you to measure the performance of coins and when you should buy or sell. The screener helps you choose the price you want to reach, when to buy or sell, and notifies you using many other filters that help you keep track of what a heavy wallet might be. Also, filters include things like a review of certain charting techniques that could trigger a buy or sell decision.
3. Best for Heatmaps: Yahoo! Finance
A heatmap is a tool that you can use to instantly analyze how an entire industry of the market as a whole is doing. While heatmaps are common tools for stock screeners and other types of investments, Yahoo Finance is among the only crypto screeners we’ve come across that offers a holistic view of the cryptocurrency market using its tile heatmap.
In addition to heatmap views, Yahoo Finance also offers users a simple and straightforward screener ideal for new investors. Sort by price, market cap, volume, and more with a single click.
Although Yahoo Finance doesn’t offer any of the advanced charting options like other platforms, it does provide a free and easy-to-use choice that anyone can use.
4. Best for Asset Choice: TradingView
If you are looking for the most comprehensive cryptocurrency screening tool, look no further than TradingView. The platform’s all-inclusive crypto screener includes over 7,700 individual asset pairs, ranging from crypto/crypto pairs (e.g., LINK/BTC) to crypto/fiat pairs.
In addition to one of the most comprehensive screeners we’ve come across, TradingView also offers real-time data and browser-based charting options. These features can allow more advanced users to access the graphical tools they need without downloading specialized software.
5. Best for Professionals: Cryptolume
If you are a professional or very experienced cryptocurrency investor and are looking for an all-in-1 platform to improve your trading, Cryptolume could be the right choice for you.
With shielding and scanning functions, more than 1,000 algorithmic alerts are produced every 5 minutes. You can also set custom alerts, which are sent to the desktop when a particular change in volume or motion is triggered.
Although Cryptolume only offers paid account options right now, its wealth of tools and data updated per minute could be worth the price for advanced investors.
6. The best for a unified experience: Quadency
Quadency allows you to trade on all high-level trades from a single fast and intuitive interface with various types of orders for each trader. You can choose from predefined popular strategies, customize and go live in minutes.
It allows you to monitor all your assets from exchanges and even offline wallets to monitor your performance over time. And Quadency offers advanced charts so you can go beyond market cap rankings with built-in screeners and market charts paired with high-quality streaming data.
Skip the noise of social media and advertising-covered news sites with market insights from respected industry insiders with Quadency. With a free service that helps you centralize your finances, you can make the switch and grow your portfolio today.
7. Best for extra features: Crypto.com
If you want to track hundreds of cryptocurrencies and set alerts via the mobile app, Crypto.com offers this service for free. In addition, the platform allows users to buy and sell cryptocurrency at real cost, saving investors money on the spread. Not looking to download different apps to manage your encryption? Crypto.com allows you to trade, track, earn interest, and even spend your digital assets through its platform.
The Crypto.com visa card allows you to earn cryptocurrency rewards on every purchase made using your debit card. Since the Crypto.com card is a VISA card, many companies will be able to accept your debit card Crypto.com. Also, while your funds are in Crypto.com, you can earn interest on your digital assets. Create an account Crypto.com today and start earning up to 14% annual interest on your cryptocurrency tokens.
What is a Crypto Screener?
A cryptocurrency screener is a specialized tool that can help you select investment opportunities in the crypto sphere. When you use a crypto screener, you will set specific parameters that you will use to narrow down and sort investments.
Some examples of categories you might want to search for include:
- price
- volatility
- Total market capitalization
- Average daily trading volume
- Percentage change in price over the last 24 hours
- Specific graphic models and formations
After setting the search criteria, your crypto screener will filter thousands of cryptocurrency projects and show you only the ones that match what you are looking for. This can help save time and effort when looking for new opportunities.
Advantages of Crypto Screeners
Working with the right crypto screener can improve your trading and help you narrow down cryptocurrency investment opportunities. Let’s take a look at some of the benefits you’ll get when you use a crypto screener before making a trade.
Crypto Screeners help you identify new Crypto projects
There are thousands of cryptocurrency, coin and token projects available for purchase and sale on major exchanges. New projects are also introduced to the market every day. It is impossible to manually order every coin and token available for trading on your own, especially if you are a short-term investor who needs to do recurring due diligence on a daily basis.
When using a crypto screener, you can narrow down your investments based on specific factors and entry points. For example, if you are a frequent trader, you might look at which projects are showing unusual volatility that day to plan where and how you want to earn incremental returns on your investment.
Crypto Screeners Instantly Identifies Chart Patterns
In addition to the standard types of price and volatility screeners, you can also use crypto screeners to instantly identify coins and tokens that are forming chart patterns that can mean an entry position.
For example, you may want to look for investment opportunities that show a MACD crossover or that have an SMA that is starting to tend upwards. If you’re still learning how to track and are looking for AI-powered assistance, a comprehensive crypto screener with chart identification support can be a time-efficient way to find patterns that coordinate with your trading strategy.
Your Crypto Screener can provide you with a holistic view of the market
Select crypto screeners (like Yahoo Finance’s crypto screener) provides you with a heatmap that shows you how the overall market is doing with a single glance. Some crypto screeners may even allow you to customize your tiles to show you how your biggest holdings are performing over the past 24 hours.
This can be a big plus for frequent cryptocurrency investors, as instant market oversight can help you decide which coins and tokens are undervalued and when is the ideal time to enter the market.
How do Crypto Screeners work?
If you’ve ever used a stock screener in the past, you’re probably already familiar with how cryptocurrency screeners work. Crypto screeners use AI-powered technology to provide you with an easier way to identify cryptocurrency trading opportunities.
After specifying what types of coins and tokens interest you, your crypto screener will search the market and show you only crypto pairs that match what you are looking for. This means you no longer have to endlessly scroll through pages of thousands of unique coins and tokens to spot your next trading or investment opportunity.
How you will use your crypto screener will vary depending on your unique trading strategy and the parameters offered by the company issuing your screener. For example, if you are a long-term trader, you could use your cryptocurrency screener to narrow down investments based on its volume or total market capitalization growth over a period of months or years. If you are a short-term investor, scalper or swing trader, you may want to look for cryptocurrencies available on exchanges with the lowest fees and that show unusual volume or price activity.
Don’t be afraid to spend some time cultivating your trading strategy before selecting the ideal screener for your needs. Even the best cryptocurrency screener will not include all the scanning criteria that can be used to detect trading opportunities. Knowing what you’re looking for before you start researching and using demo accounts can ensure you don’t end up paying for a screener that doesn’t fit your trading needs.
Using a Crypto Screener to Improve Your Trading
If you’re familiar with using stock screeners, you probably already know that you’ll need to set search parameters before you can start using your crypto screener to its full extent.
You may want to spend some time monitoring the current market and using a crypto chart platform before investing in a screening tool. Becoming more familiar with market volatility and how the coins and tokens you want to trade move frequently can be crucial when it comes to selecting the right screener for your trading style and preferences.
Frequently asked questions
How can I detect crypto opportunities with a crypto screener?
Before you can use a cryptocurrency screener to detect trading opportunities, you’ll need to know what features you’re looking for when comparing trading opportunities. Once you’ve defined the technical indicators you’re looking for, use your screener to apply them and filter out trading opportunities in less time.
Your screener will only show you cryptocurrencies that match your pre-specified conditions, and you can apply multiple filters to narrow your search to an even more specific level.
