Top Tools for Monitoring Altcoin Prices and Trends

Introduction:

As the cryptocurrency market continues to gain growth and evolution, it's becoming highly important for investors and traders to make a lot of tracking of altcoin prices and trends. Though Bitcoins are the most recognized and have the most transactions, recent focus has been more towards alternative currencies such as Ethereum, Litecoin, and Ripple. However, with numerous altcoins in existence, it has become hard to keep track and make sense of the vast amounts of data generated. In this blog post, we'll go over what we consider to be the best altcoin price tracking tools, ready to share valuable information about investment decisions and staying ahead of market trends.

1. CoinMarketCap:

CoinMarketCap is one of the most trending and popular price tracking sites for cryptocurrencies. It presents real-time prices, market capitalization, and trading volume for thousands of altcoins. It also offers customizable charts to view how a specific altcoin performed within any given range. Another cool feature is its "top 100" page, highlighting the top and most profitable altcoins.

2. CoinGecko:

Another very popular cryptocurrency tracking site is CoinGecko. It gives real-time prices and charts and market data on altcoins, giving a "weighted average" price for altcoins, which reduces the incidence of price manipulation. CoinGecko also gives an "altcoin explorer" feature to peruse and study the performance of individual altcoins.

3. TradingView:

TradingView is one such social trading platform that enables users to follow and analyze performance, including altcoins' performance. This features real-time charts and technical indicators coupled with actual market analysis from the community traders and analysts. Moreover, this site gives alerts and notifications such that one will not miss any fluctuation or trend in the market.

4. CryptoSpectator:

CryptoSpectator is an engine which uses machine learning algorithms, analyzes the performance of altcoins, and predicts upcoming trends. The service also includes actual-time prices, charts, and market data along with predictive analytics and alerts. An additional offering by CryptoSpectator is a "risk score" that allows assessing the volatility and risk capacity of specific altcoins.

5. Alpha Vantage:

Alpha Vantage is your one-stop platform in case you need up-to-date and live information about crypto prices, charts, and market data for altcoins. The user-friendly wide range of APIs and programming languages makes the integration of this data into custom applications or trading platforms a painless process. Alpha Vantage also has predictive analytics and a variant of machine learning algorithms that can find all trends necessary to make the best investment decisions.

Conclusion:

As such, the tracking of altcoin price and trends would require real-time data besides technical and predictive analytics. All the tools above that have been discussed in this blog would integrate into a comprehensive solution enabling investors and traders in getting relevant information that would enable them make the best decision possible. Whether a beginner or an investor is experienced, these tools can guide as well as work with you to navigate the complexities of the altcoin market so that you work towards realizing the best possible returns for your investments. Remember, tracking altcoins is a round-the-clock activity and hence, you would also have to update about what's new in the market at any given time.