In April of 2011, Bitcoin was valued at $1 USD. Today, it is worth well over $20,000 USD. The unfortunate truth is that the Bitcoin train has already left and today if you'd like to get the
most of your cryptocurrency investment you’re better off screening for new opportunities
Talking about screening, this is where we get to talk about some of the best crypto
screeners available currently. The idea behind these tools is to help you sift through the
thousands of opportunities that are available at any given time in the digital currency world.
Top Rated Screeners For Cryptocurrencies 2024
This is a cryptocurrency screener and price tracking site that has been in existence since 2013. It has a huge database of digital currencies among them Ethereum, Shiba Inu, Terra Classic, Bitcoin, Safemoon, Cardano, Zcash, Ziliqa, and Dogecoin among others.
In total, this screener has got more than 11,000 cryptocurrencies in its database adding up to a market cap of over $1.924 trillion (USD). It’s, therefore, no surprise that CoinMarketCap is often referred to as the Wiki of crypto (wiki is short for Wikipedia).
To help you make good selections, CoinMarketCap includes a myriad of filtering tools among them volume, market capitalization, 24-hour highs/lows, price change, and price among others.
What’s more, historical data is also provided enabling you to gauge how different coins have been performing over the years.
This is yet another popular crypto screener that’s often touted as a good alternative to CoinMarketCap. The independent digital currency tracker has over 9000 cryptos among them BNB, Cardano, and Polkadot. Avalanche and even ApeCoin (the list is virtually endless).
It is worth noting, however, that all that CoinGecko does is provide you with a means to track and filter cryptos and it is not a trading platform.
As a filter, this tool contains a wide variety of tabs that you can use to “cut to the chase.” For instance, you can use the “markets” filter to narrow down to different currency exchanges. You can also narrow down your search on the basis of volume, market capitalization, gainers/losers, new cryptocurrencies, volume, and dominance among other factors.
What’s more, they have a mobile application available (iOS and Android) giving you a perfect way to track the markets on-the-go.
The strange name DYOR comes from the words "Do Your Own Research". It's the name associated with a cryptocurrency analysis tool that's so far quite popular out there.
Its database is made up of hundreds of coins which obviously is a smaller number than you’ll find in CoinGecko or CoinMarketCap.
What sets DYOR apart, however, is that it specializes in just a few coins that have the highest volume. Volume normally goes hand in hand with volatility and volatility presents lots of opportunities to trade profitably.
Other than having such a highly laser-focused screener, DYOR contains over 150 technical indicators that you can use to spruce up your research. In other words, whatever this tool lacks in terms of the number of coins it tracks, it makes up for it by providing superior analysis tools.
Using its advanced tools, you can sort out different digital currencies on factors such as Bollinger Band breakout, hidden divergence, golden crossover, and so forth.
And the best part is that you can customize DYOR so it scans the entire market for you and sends you alerts whenever coins that match your criteria show up. The alerts are sent via web-push notifications and Telegram messaging.
TradingView is a huge and well-known charting and stock analysis software set up in 2011. But did you know that TradingView also has a built-in cryptocurrency screener?
This screener is so well such that you can use it to filter your favorite digital currencies based on metrics, technical indicators, and even timeframes.
And that’s not all, you can fine-tune your search criteria based on your preferences e.g. through market capitalization, volume, percentage change, etc.
What’s more, the tool comes fully fitted with the ability to send alerts based on your preferred trading criteria.
This tool is available free of charge but this version of it contains ads. If you would like to use the tool without the annoying ads, you’re better off opting for the Pro plan that goes for $15 per month.
In total, the TradingView crypto screener tracks more than 10,000 digital currencies. Therefore, you can use it to gather as much information as you would like especially if you’re interested in discovering new or undervalued cryptocurrencies.
Trading digital coins can be daunting because there are always multiple factors to be considered in order to make the right decision. Luckily Lunarcrush, a platform marketed as a social intelligence platform, might be able to help.
Founded in 2018, Lunarcrush analyzes thousands of coins at any given minute. And so, all you need to do is select your preferred filters to narrow down your search. You can also create your watchlist and select to be receiving alerts at any given time.
As for the filter, you get options such as market capitalization, price, social mentions, market dominance, and even market volume as tools you can use for your analysis.
A unique selling point of Lunarcrush is that their algorithm is capable of tapping into social media activity and detecting when there's a buildup of activity on particular coins. As you probably already know, a single tweet from Elon Musk (among other influencers) is capable of significantly shifting market activity.
And in that case, you need to count on tools like Lunarcrush to maintain a bird’s eye-view of the markets.
When Cryptolume was launched, it was dubbed “a tool that breathes new life into the crypto sector.” So, does it live up to expectations? Well, if you are looking for a good data visualization tool, you have got to love what this one has in store for you.
What’s more, they have thousands of coins in their database thanks to the fact that they link up to most major crypto exchanges including Binance, Huobi, KuCoin, Poloniex, CoinMarketCap, BitMex, Bittrex among others.
On top of that, the scanner is beginner-friendly thereby reducing the amount of time you need to learn the dos and don'ts of the game.
One unique aspect of Cryptolume is that it scans opportunities on timeframes as low as 5M while its competitors are mainly limited to 15-minutes and above.
And in case you’re the busy type, you can always turn on your custom alerts and receive alerts on-the-go.
Home to over 180 cryptocurrencies, the Crypto.com exchange also doubles up as a superb crypto screener. One thing we particularly like about this tool is its mobile-first design. With more and more of us preferring to use our mobile devices, it makes perfect sense to invest in a mobile-first analytics tool like this one.
A spot check of Crypto.com’s mobile applications on both the Google Playstore and Apple's App Store confirms that the service has high star ratings from its customers.
And as far as customer support is concerned, this is one of the few platforms we have reviewed that offer excellent chat-based support. This helps them to respond to queries promptly in order to maintain high levels of client satisfaction at all times.
Their crypto screener is available free of charge and it enables you to filter trades based on factors like volume, market capitalization, and percentage change.
On top of that, this platform boasts some of the best crypto charting tools in the game. Whether you’re looking for drawing tools or trendlines, Crypto.com has got all that taken care of for you.
What is a Crypto Screener?
A cryptocurrency screener is a tool that enables you to filter digital currencies from a multitude of available cryptos using just a few clicks. This is a process (filtering) that would, otherwise, take weeks or even months if it were to be done manually.
One unique thing about these screeners is that they enable you to find currencies based on parameters of your preference. Normally, the more the preferences you have, the higher the number of filters you’ll need to apply and the smaller the number of cryptos that will be on your final list.
Benefits of Using Crypto Screeners
If you are still wondering whether to use a screener or not, the following list of benefits might help you make an informed decision. Here are some benefits of using a crypto screener.
1. Saving Time
As of June 2022, CNBC reported that there were more than 19,000 cryptos in the world. So, as you can imagine, manually sifting through all these digital currencies can be tiresome if not impossible.
This is where a crypto screener comes in handy. It eliminates the hassle by introducing key parameters that you can use to zero-in on currencies that align perfectly to your investment goals.
You just need to key-in your metrics on the provided boxes and the tool will do the rest for you.
2. Eliminating Bias
If you were to try and filter out cryptocurrency manually, chances are that you would end up making some errors due to behavioral biases. We all do! It’s easy to get carried away by emotions and to end up investing in cryptos that ruin your ROI (return on investment).
Luckily, screeners are non-emotional and only make decisions based on logic. By removing behavioral biases from the decision-making process, you’ll be able to lower the risk of making losses.
Quick Way to Identify Investment Opportunities
Oftentimes, investment opportunities come dressed up in rags meaning they are difficult to spot. A major benefit that comes with using a cryptocurrency screener is that it can help you uncover hidden opportunities.
A typical crypto screener’s database contains thousands of stocks. And with that kind of potential, it can easily uncover digital currencies that you’ve never seen or heard of.
Usually, the undervalued currencies are the ones that hold the greatest potential to grow.
Crypto screeners are almost similar to stock screeners only that they are built specifically for digital currencies. You might want to take advantage of them so you can identify emerging opportunities with ease and also be able to know when to exit positions.
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