Best Crypto Screeners and Where to Find Them

Utilizing the best crypto screener is the most efficient way to help you find trading opportunities. The question is, which screener fits your needs?

A lot of people would agree that cryptocurrency is a great investment. After all, the market is highly volatile and you can find a lot of opportunities there. Not to mention, there are a lot of cryptocurrencies right now so there are more options to choose from. However, that also means it will be hard to find which digital assets have great potential and which one would flop. Sure, you can check it manually but it will feel like finding a needle in a haystack.

Fortunately, it is not impossible at all since you can utilize crypto screeners to find out which coins have the best trading opportunities for you. Understandably, not everyone is familiar with a crypto screener. So let's dig deeper into these useful tools for crypto traders.

What is a Crypto Screener?

Have you ever heard of a stock screener? If you are a stock trader or investor, surely this tool sounds familiar. A crypto screener is similar to that. Basically, the crypto screener is specialized to help you sort through investment or trading opportunities among the crypto markets. You can customize it to fit your desired criteria and parameters for better market analysis.

Each crypto screener offers a different mechanism on how to create market predictions and analyze trends. All you need to do is just set specific parameters to narrow down and sort through hundreds of crypto projects. There are different filters you can set for your crypto screener, but the most common are market cap, average trading volume, price change, specific chart pattern, and volatility.

See also: Top 10 Cryptocurrencies by Market Cap

Once you decide which filters fit your criteria, your crypto screener will do the job for you. The best crypto screener can filter through thousands of cryptocurrency projects and help you find out those that match your needs. Considering that there are more than 2000 cryptocurrencies right now, surely using this tool is the best choice to save time. Some screeners might allow you to apply more than one filter to shorten your options even further.

Should You Use It?

Besides narrowing down your cryptocurrency investment opportunities, there are other benefits a crypto screener offers. Here are some of them:

Identifying Charting Patterns

Aside from volume trading and volatility, the best crypto screeners also allow you to identify coins that are forming charting patterns. This might be an easy way to find the best entry position for you. For example, you are looking for entry opportunities that are showing a MACD crossover with an upward trend. You can definitely use the filters to find out which coins are showing this pattern. A lot of crypto screeners support charting identification for a time-efficient analysis. This feature is very essential if you are still learning about charts and other technical indicators.

Helping You See the Overall Market

Some crypto screeners offer a heatmap that shows you how the overall market is doing with a single glance. You can even customize it to show how your largest holdings are performing in the last 24 hours. This is beneficial if you are an active trader. This feature can help you see which coins and tokens are undervalued and when is the ideal time to enter the markets. This is great if you like to diversify your crypto assets.

How Does it Work?

Most crypto screeners use AI-powered technology to provide you with the best way of identifying cryptocurrency trading opportunities. The AI will be responsible to help you narrow down all the coins that fit your desired needs. That way you don't have to scroll endlessly through pages trying to look for the next best trading opportunity.

However, the way you can use a crypto screener will vary according to your unique trading strategy and the parameters offered by the company that builds your screener. For example, if you are a long-term trader, you might want to search cryptocurrencies based on their volume or total market capitalization over a certain period of time. But, if you are a short-term investor, you might want to look at cryptocurrencies with the lowest fees and unusual volume trading.

The strategies above are not the only way you can utilize a crypto screener. If you are still new to technology, don't be afraid to explore more. It's perfectly alright to cultivate more trading strategies before you settle down to the best crypto screener of your choice. Remember that even the best screener won't have all the scanning criteria that can possibly be used to detect opportunities. Make sure you know what you are looking for before you start searching for which screener is the best for you.

Best Crypto Screeners to Try

There are countless crypto screeners out there, so the question is how are you going to pick one that suits your needs the best. Here are some of the best crypto screeners for you to consider.

1. CoinMarketCap

Whether you are a newbie crypto trader or a seasoned player, you must be familiar with CoinMarketCap. This is the most referenced price tracking resource for cryptocurrencies on the internet. It has a great set of basic features as well as a simple user interface, which makes it perfect for newbies. Aside from that, CoinMarkertCap also has great crypto scanning features with a lot of functionalities. This allows you to sort coins based on price, algorithms, market cap, volume, and many more.

What really makes them the best crypto screener is that it has the largest coin index. It has more than 16,000 crypto coins along with complete information about each coin's fundamentals, price history, and many more. That being said, CoinMarketCaps is probably not the best choice for experienced traders as it doesn't have advanced parameters to sort out coins.

See also: List of Crypto Top Gainers

2. Yahoo! Finance

Who would have thought that Yahoo! Finance has one of the best crypto screeners in the form of heatmap? It is actually a tool that you can use to instantly analyze how an entire sector of the market is doing as a whole, including crypto. It is very rare to find a crypto screener like Yahoo! Finance that provides a holistic view of the cryptocurrency market using its tile heatmap. It also provides a straightforward and simple screener which makes it ideal for new traders. Unfortunately, Yahoo! Finance, doesn't offer advanced charting options for the more experienced crypto enthusiasts.

3. Messari

Messari is a great crypto screening tool that works for both newbies and professionals. This crypto screener presents detailed information that is easy to read and full of advanced filters. With Messari, you can access charts along with key metrics like one-hour range, 24-hour range, volume, market cap, and many more. You can also get complete information about coin history and the fundamental backing of each coin. Unfortunately, Messari only has 842 coins in its index, which is less than other crypto screeners. But these coins are carefully picked and are the top moneymakers in the market with reasonable trading volume.

4. TradingView

It is widely known that TradingView is one of the best market chart providers. But, do you know that TradingView is also a great crypto screener? In fact, some might say that TradingView is one of the most comprehensive crypto screening tools. First of all, it includes more than 7,700 individual asset pairs, which range from crypto/crypto pairs to crypto/fiat pairs. In addition to that, it offers real-time data and browser-based charting options. That means you can use their tools without downloading any software to your device.

5. LunarCrush

Unlike others, LunarCrush filters coins based on their social engagements. This makes it much easier to predict the next pump in a coin. Another unique aspect of LunarCrush is that this screener focus on technical analysis. It also uses AI and a learning machine to identify trends on social media for a particular coin to predict a coin's next move.

Don't Waste Your Time, Use Crypto Screener

There are a lot of cryptocurrencies in the market right now. Understandably, you might want to keep searching for the next best thing in order to secure the perfect trading opportunities. In this case, you can always use a crypto screener to make sure you can find the best coins to trade without actually having to spend hours researching them. This tool allows you to apply filters in order to narrow down coins according to your desire. However, you need to understand that each crypto screener might have a different filter to offer, so it's important to find the best crypto screener that covers all of your needs.

Besides comparing the coins, traders need to be smart in finding the best crypto exchanges since they come with different specs to suit many types of traders. One way to do it is by comparing them side by side.