What is Crypto Screener, and Which of Them is the Best?

Introduction

To succeed in the world of cryptocurrencies, whether it be through investing or trading, it is essential to stay up-to-date with the latest developments in the digital asset market. Traders and investors can certainly do this on their own, but to make the process simpler, cryptocurrency screeners have been developed. These powerful tools provide detailed data and allow users to quickly filter and compare digital assets, keeping them informed of any changes in the market.

These tools are called cryptography screeners. They help all fans of digital assets that earn money to track cryptocurrencies and look at other changes to define a good moment of making a deal. Screeners are also known as scanners. They work not only as a collection of statistical information, but also use different indicators for their work and tools of the financial market.

Otherwise, such scanners are not anyhow different from regular sites that offer statistical data and that could not be called screeners. To make analysis of information more informative, screeners use such indicators as trading volume, trends, relative strength index (RSI) and other tools of technical analysis.

Later we will tell you what cryptocurrency screeners we consider the best and why it is worth paying attention to them if you are going to explore the world of cryptography and succeed in trading and investment.

What you need to know about screeners

Automatization of screeners helps to save traders and investors from a great deal of work, enabling them to quickly compare metrics and select the most valid digital assets for their activity. Rather than having to manually compare metrics, screeners take care of the hard work, allowing investors and traders to simply monitor indicators and make decisions as needed.

Cryptocurrency screeners provide investors and traders with vital data regarding volume, market capitalization, price, and changes in these metrics for better or for worse. This data can then be sorted and filtered, enabling traders and investors to make more informed decisions when selecting digital assets.

WIth the help of these scanners even those who have no prior experience in trading can make informed decisions when selecting digital assets. Advanced traders can also use the data collected by these scanners to identify new coins to add to their portfolios. With this data, traders can make more informed decisions when selecting digital assets, whether they are looking for high-risk, high-reward assets or those with lower levels of risk. Screeners make it easier to identify and compare digital assets, allowing traders to find the best coins for their needs apart from Bitcoin or Ethereum.

Due to the fact that scanners can show so-called winners and losers, there are coins that have gained the most in price in a particular period of time or have lost most of all, these functions will be immensely helpful for traders who are looking to make mid- and short-term investments. Thanks to it, traders can identify opportunities to seize the moment and make profitable trades against the trend.

Therefore, we see that the tools will be able to help to diversify the portfolio both in active trading and while making the portfolio for the first time. Also we should point out that such screeners can help traders to make decisions regarding how much money to invest and the expected returns on their investments.

In addition to the features already mentioned, screeners also provide access to news related to the asset. If Investors are looking for inspiration or need help making a decision, they can use screeners to view the opinions of the community, analyze graphical data with technical analysis, and draw their own conclusions. With this information, investors can make informed decisions and develop an effective strategy for their investments.

Screeners can be beneficial for people with physical disabilities or poor vision as they provide additional navigation options such as voice commands, special key combinations, and hotkeys. By using these tools, traders and investors with disabilities can improve their user experience while dealing with cryptocurrencies, ensuring safety and making profitable trades.

Cryptocurrency scanners may seem like an optional tool when it comes to trading and investing in the cryptocurrency world, but they are essential for those looking to take their activities to the next level. As the cryptocurrency market continues to evolve, these scanners can become an invaluable asset, offering far more detailed features and expanded capabilities when compared to traditional cryptocurrency exchanges and digital asset aggregators.

Cryptocurrency screeners provide powerful filtering capabilities that enable users to select the safest digital assets. This can be achieved by filtering for specific algorithms, consensus mechanisms, and block lengths. While these features may be too advanced for novice traders, those who are willing to take the time to understand them can use them to protect their investments.

When it comes to historic data, cryptocurrency screeners provide users with a comprehensive overview of the past performance of digital assets, including prices, market capitalization, trading volume, and more. This is something that many cryptocurrency exchanges and aggregators lack. For real-time analysis, screeners offer the same data in a live format, allowing traders to stay up to date with the latest developments in the market.

Cryptocurrency screeners can keep users informed of all market developments by sending notifications of any changes in digital assets. Users can customize the notifications they receive, choosing to be alerted only about digital assets in their portfolios or to receive notifications about general market changes that may indicate new opportunities for trading or long-term investments.

Cryptocurrency screeners can provide various sources of news and research reports, including news from authoritative publications, official documents, and messages from crypto startups. These features can be extremely valuable for traders who use news-based trading strategies, enabling them to quickly and easily stay up to date with the latest developments in the market.

One of the latest cases that exemplifies the importance of staying abreast of news in the cryptocurrency market is the SEC's action against Paxos. The SEC reported that the company had listed BUSD, an unregistered asset, in violation of securities laws. This action sent BNB, the token of the Binance exchange related to BUSD, tumbling from $320 to $290, allowing savvy day-traders to take advantage of the 6% gap and make a tidy profit through a short trade. To make sure you don't miss out on similar news, cryptocurrency traders should make use of screeners.

Most scanners have various tools for technical analysis that help traders to find better entry points to the market. This function suits those who prefer short- and long-term trading due to its specifics. To simplify the work of traders, screeners offer such famous indicators for technical analysis as moving averages (MA), Bollinger Bands (BB), relative strength index (RSI), Fibonacci levels and others. The latter will be immensely helpful for defining the point to enter a deal of traders who expect a reversal of the trend.

Types of cryptography screeners

Screeners in the cryptocurrency world vary in their functions and the ways in which traders can utilize them.

Fundamental screeners

This type of scanner can be used to analyze market data and fundamental indicators. With this information, investors can select various digital assets and pay attention to fundamental data such as pricing, volume, and liquidity.

The factors that screeners look into are circulating supply of the token, total market value of the coin, trading volume and other indicators that could be found on the aggregators of cryptocurrencies. However, as we said before, functionality of such screeners will be wider, otherwise they would be useless.

Technical screeners

Such scanners mainly focus on tools of technical analysis, making them particularly useful for day-traders and swing-traders who rely heavily on technical analysis. To get the most out of these screeners, some training may be required. However, when used properly, they can help traders identify potentially profitable trading opportunities and signal when to enter the market. Additionally, these screeners use historical data to identify similar situations and provide great signals for entering the market.

Scanners that use technical tools have numerous indicators including various moving averages, detecting levels of support and resistance, Bollinger Bands, RSI, different oscillators and many other tools that will allow traders to succeed in trading.

Safety check screeners

Scanners that focus on assessing the safety of money are essential for cryptocurrency investors, as there have been many projects that attempt to take advantage of investors and leave them without their deposits. To avoid such situations, investors can use safety screeners to protect their money from scam projects and other suspicious activities. These screeners will help them identify any potential risks or red flags, allowing them to make informed decisions and avoid any potential losses. Additionally, these screeners can also be used to assess the reputation of a cryptocurrency project, helping investors determine if it is a worthwhile investment.

Scanners can be used to check exchanges, wallets, decentralized exchanges, and smart contracts for safety breaches. It is important to note that while there are many projects with noble goals that have the potential to bring something new and innovative to the world of cryptocurrency, the investments are still subject to significant risks.

We also want to emphasize the importance of smart contracts. These contracts enable transactions from one wallet to another, and can be specifically designed with artifacts that allow users to deposit their money but not withdraw it. This type of manipulation and scam is commonly seen on the platform PancakeSwap, as anyone can list their tokens on the platform.

Screeners of the mood on the market

These scanners help users identify current market developments and make informed decisions about their next actions. The market sentiment displayed on these screeners will provide an overview of the entire cryptocurrency market, as well as allow users to focus on individual currencies.

It is remarkable that, apart from the data collected on exchanges, scanners can analyze the sentiment of the market by analyzing user posts on social media. Specifically, algorithms can analyze different sources such as Twitter and online forums to gauge how people are feeling towards a particular digital asset.

Regulation screeners

In addition to the other types of screeners, it is also important to use scanners that track laws and regulations in different countries. The regulatory environment in the world of cryptocurrency works in much the same way as regular news. Depending on the news that is released, the cryptocurrency market can be affected not only by Bitcoin, but also by other digital assets, including non-fungible tokens.

Having information about the jurisdiction and regulation of cryptocurrencies is invaluable knowledge in the world of cryptocurrency. For those who don't have the time to track news and events, or don't do it properly, these scanners can be a great source of support.

Furthermore, tracking the legal information about the world of digital assets properly can help investors avoid potential fines. This is especially important for investors who live in countries with strict rules regarding digital assets.

Screeners of evaluation

Scanners with the evaluation of cryptocurrencies aim to show investors an accurate market value of digital assets. To ensure accurate analysis for algorithms, the software considers such indicators as price to earnings ratio, selling proposition, and other financial historical figures. Additionally, the software may also consider current market trends to provide more accurate data.

This way, investors can define if the token is underrated or overrated. In the case of an overvalued asset, investors should consider selling their asset to protect their money. For traders, this presents an opportunity to take short-term positions and potentially gain a nice income. On the other hand, if the asset is undervalued, it's a great opportunity to buy the asset which can lead to great profits. Traders can also open a long trade with leverage, thus further increasing their profits.

Cryptography and screeners

Recently, the world of cryptography has seen a surge in the number of screeners available, allowing traders and investors to make better informed decisions and identify market trends. Screeners offer investors the opportunity to diversify their investments more easily, as well as identify safe coins which can be trusted with confidence. Traders, meanwhile, can use screeners to identify optimum entry points into the market.

We want to emphasize that scanners are continuously improving and providing market participants with new tools for accurate analysis. Developers of scanners are constantly adding new tools for users to explore the market and stay competitive. In addition to personal strategies, traders and investors can now use pre-set strategies that are available on screeners.

Such flexible opportunities give traders and investors a lot of room for creative and strategic approaches to investing and trading, as screeners provide a range of decision-making options. Moreover, scanners usually have a simple user interface that makes it easier for newcomers to get acquainted with the cryptocurrency world.

Cryptography scanners can help with the analysis of data, to detect suspicious activities, and to secure the safety of digital assets. Furthermore, they can be used to carry out automated trading, to detect arbitrage opportunities, and to monitor the market in real-time. Thus, cryptography scanners can help companies and organizations to keep track of their investments, to detect potential threats, and to ensure the security of their digital assets.

Screeners are used by not only finance-related establishments, but also by regular companies looking to expand their investment activity. With these tools, businesses can quickly identify and evaluate potential investments, allowing them to make informed decisions and capitalize on new opportunities.

Crypto scanning services are essential for developers of cryptocurrency apps and crypto tokens. Through these services, developers can gain access to important information about API interfaces that can be used to create various services such as blockchain or decentralized apps. Moreover, crypto scanning services provide developers with real-time data on the activity of different blockchain networks, giving them a better understanding of how these networks operate.

Finally, we should mention the role of media that do not disdain using information from screeners. Various sources can use these scanners to become the first people to learn about interesting events and quickly post news on their portals. Screeners are mainly used by market scanners and other services that analyze and track social media. This allows them to gain a competitive edge in terms of being the first to report news.

What are the advantages of using crypto scanners?

If we say yes to using scanners, we will notice a few important pluses. Even though investors and traders can have an approximate understanding of the market, keeping all information in your head is a real challenge. Cryptocurrency screeners allow users to simplify their work and look at their crypto portfolio in a new way.

Thanks to screeners, they can understand if they have promising coins or if they have assets that should be discarded in the nearest future. We should note that such screeners help to make important decisions fast which is very important in the sphere of cryptocurrencies.

Another important advantage of using cryptocurrency scanners is that the whole process is automated and does not require control. Users can adjust settings only once and then just take a look at what the scanners show. Nevertheless, sometimes making changes to the parameters can be useful, especially when it comes to trading and displaying good signals. However, when it comes to investments, everything works more easily.

Cryptography screens come in many different types, but they don't just do one thing. For example, a market scanner takes in data from a variety of social media sources to gauge the sentiment of investors and traders when it comes to buying and selling assets. Fundamental screens use fundamental analysis to provide a comprehensive picture of the market. Security screens review all technical components to help traders and investors stay away from broken smart contracts and suspicious projects.

In other words, a suite of sophisticated cryptographic screening tools can provide users with the necessary tool, enabling them to confidently take steps towards trading and investing.

It's worth noting that, thanks to crypto screeners, crypto enthusiasts can save plenty of time by adjusting their settings. Instead of manually tracking the data, they will be able to work with existing data - making the saying "time is money" all the more relevant.

Last but not least, the use of cryptocurrency scanners can lead to a better understanding of the digital asset world. By using these screeners, investors can gain insight into the specifics of digital assets, such as their value, capitalization, and other factors. This knowledge can help them make more informed decisions when investing in digital assets.

How to use a cryptography screener?

To choose a cryptography screen correctly, you need you understand the most important — what you want to achieve from using this tool. If you are a trader that trades all the time, you have to pay attention to screeners of technical analysis where you can adjust the settings and find the right trading signals that help in opening trades.

If you are not a day trader, but rather a trader in the mid- and long-term, you will need either technical or fundamental scanners that are linked to market sentiment.

In case you are an investor working in the long-term, you should look at a spectrum of market sentiment and fundamental analysis. Therefore, you will be able to not only find a great entry point but get a better understanding of the world of cryptocurrencies. Buying when everyone is selling and selling when everyone is buying is the main weapon in the hands of a successful investor. The market sentiment will give us the best insight into the market if we are not keeping abreast of the news.

Despite the fact that we appraise cryptography scanners and the complex of their decisions and help in trading and investment, most of them can fail to operate properly or the price may not match what the developers can offer. To make your way in the cryptocurrency world as smooth as possible, you need to get familiar with screeners and gauge reviews and complaints about the services.

Services can vary in price and type. If users require a set of services rather than just some of them, they can use a free version. Alternatively, cryptography screeners may charge a monthly fee for a range of functions or for a single service.

Usually the average cost of a basic cryptography screener is around $10 a month. More advanced users can require services with great tools whose price ranges from $20 to $100. The price of the secrets depends on how many tools that user will want to choose and how many sources of information the screener will scan. It concerns social media, cryptocurrency exchanges, indicators of technical analysis and many others. To ensure you don't pay extra money and don't overload the system, it's important to identify which features are most relevant for your needs.

It is remarkable that cryptocurrency screeners can be integrated into various exchanges and accessed via API keys, simplifying work with cryptocurrencies and opening up new opportunities for working with bots. The software doesn't just stop at cryptocurrency exchanges; for example, Bloomberg Terminal and Eikon also provide tools for technical analysis of cryptocurrency assets and tracking their performance in the markets. Moreover, Coinbase Pro and Binance Exchange give users access to global markets for buying and selling digital assets. By linking accounts on these exchanges to cryptocurrency screeners, investors can evaluate the potential success of investing in digital assets.

We should understand that there are numerous cryptocurrency scanners that vary in price, subscription modes, and features. Here, we will help you identify which ones are the best, worth your attention, and which ones to avoid to ensure you get the best value for your money.

Best screeners and other cryptography services

AltSignals

This service provides users an opportunity to get an insight into the best coins to enter the market with. This tool will be great for those users who are already trading but want to expand their activity and scale up. The service refers to cryptography screeners from the technical category, so it is based on technical analysis.

It was developed by a group of crypto enthusiasts, and has its own tool for conducting technical analysis. AltSignals works on the famous technical analysis portal TradingView. The developers of AltSignals made a few modes in which the service can operate. The first of them is the indicator. Its functionality is to read charts and present interesting ideas that will be useful for traders. It uses different financial tools, makes conclusions, shows the direction the assets might take in the future, and gives warnings. It is noteworthy that it works not only in the world of digital assets but also with the classic forex market.

The second mode on AltSignals is signals of several kinds. The first works with the Forex market, as we have already mentioned. The second works with Binance Futures, offering leverage of up to 3x, 5x, and 10x. The signals work in the same way as indicators. It's worth noting that signals from the developers of AltSignals offer quality, not quantity. While many "experts" give hundreds of signals a day, AltSignals gave only 13 in January.

The platform has received plenty of positive reviews. Although there have been some negative ones, it has received an overall rating of between 4.7 and 4.9 out of 5 from various aggregators.

It is noteworthy that the company is fair and transparent about its signal performance, providing detailed monthly statistics that can be downloaded in a PDF document. AltSignals does not hide negative results, for example in May 2021 they had a negative value. However, they have not had months like this since then. The subscription fee is $120 a month and more if you want to get a quarter subscription or lifetime subscription. In the second and third cases there will be great discounts.

AltFins

Good platform that has all kinds of tools. Due to its diversity, it could not be put in one type of screeners, as it has other tools as well. It has got tools for traders like pattern charts of technical analysis, tools for technical analysis, signal and also things that will immensely useful for cryptocurrency investors. Investors will need on-chain information, cryptography screener, research snow, crypto education, news and event, crypto portfolio, news and events, database and others.

It will not make sense to examine each point as all the functions of the website have all the functions as we can imagine them.

Another big advantage of this platform is that you don’t have to pay for all these functions. Considering the opportunities provided by AltFins, we can call it a killer feature of this cryptocurrency screener. You may come across the question “What’s the point of providing these tools for free and how will authors monetize their work?”. This question was answered by AFINS, a cryptocurrency token that can be purchased to support the authors of the project, as well as to gain profit in case this coin rises in value. At the time of writing this article, the value of one AFINS is $0.20. Purchasing of the token is available on the site altfins.com, and Avalanche was chosen as the blockchain for the most functional screeners in the world.

Another great advantage of AltFins is the presence of mobile versions of its cryptocurrency screener. This makes it incredibly convenient to keep track of the world of cryptocurrency even while on the go, using your smartphone or other mobile device and its corresponding apps.

Overall, AltFins is an amazing portal that can satisfy all needs of cryptocurrency enthusiasts looking to expand their opportunities. Its only disadvantage is that hypothetically its functions could lose out to more specialized, paid competitors. Nonetheless, it is an excellent option for newcomers and those who have never dealt with screeners, as its features are well-suited for researching the world of digital assets. We highly recommend AltFins for anyone looking to start their journey in the world of cryptocurrency trading or investing.

DYOR.net

DYOR is another good screener with the name that speaks for itself. For those who don’t know what the abbreviation DYOR stands for we should say it is Do Your Own Research, meaning that each cryptocurrency trader and investor has to do their own research before they start acting. Following tips from influencers that provide information that is sold by cryptocurrency representatives is a dubious decision. Listening to tips from your friends makes some sense, but doing your own research and basing your actions on it is even better.

We should point out that DYOR.net supports such cryptocurrency exchanges like Binance, KuCoin and Gate.io. Consequently, users of the mentioned exchanges can find functions of this cryptography screener quite convenient.

Thanks to DYOR.net, users can find interesting opportunities to understand the sentiment of the market. It is done not only through social media but also analytics of trading activities. You can select tools that are linked to sentiment scanning and tracking cryptocurrencies, as well as some things that will help with conducting technical analysis. The latter includes discovering horizontal lines (levels of support and resistance and the appearance of a price channel), relative strength indicator (RSI), on-balance volume (OBV), ascending levels indicator and charts of technical analysis patterns.

We should point out that DYOR.net offers an opportunity to set alerts that will come to your phone, so you stay tuned to the current state of events. It will also help traders to get signals that will be useful for trading.

Access to all opportunities costs $15 per month. The resource provides a chance to get a free trial period of 6 hours. It is noteworthy that basic free functions include signals on three exchanges and technical analysis. Professional plan gives you the rest: tracking important events, a search engine for more complex work on the screener, notifications on Telegram about all important signals, a scanner of charts, a scanner of horizontal lines, advanced analysis of RSI and OBV, and also analytics of the level of the ascending volume and many other features.

Analysis of the crypto market on DYOR.net is convenient. You just need to find a panel in the analysis section and find any cryptocurrency of your interest; then the analytics will show factors that will indicate the upcoming bullish movement and the reason why the coin might decline in the future. The interface is user-friendly, and the free functions will be enough to start going deeper in your knowledge of the world of digital assets. We recommend this resource to those who have never worked with screeners and want to find out what it is. The subscription that provides other great opportunities costs only $15 a month, which is in contrast with AltSignal that we have already mentioned above.