2021 is not yet over and the crypto space has already had another eventful year. The overall return on Bitcoin so far is positive, despite potentially negative news such as China’s crackdown.
At the same time, a fast moving market like crypto can change quickly, and if you’re a trader it pays to be on top of the latest developments.This is where a crypto screener can be useful.
What is a Crypto Screener?
A crypto screener is an online tool traders can use to filter cryptocurrencies based on various metrics, timeframes and technical indicators. Some solutions in the markets are also allowing price alerts, templates, as well as multiple other features, the ultimate goal being to help traders spot the right cryptocurrencies to trade.
Back in the day, traders had to search manually through a list of assets, analyzing each one to see where there is more volatility and an established trend in place. With a crypto screener, a lot of the work is done by software, saving a lot of time and resources.
What Crypto Screener Can Traders Use?
Although there are some subscription-based solutions in the market, the majority of traders would like to see whether a free one can do the work. In this case, TradingView offers a reliable crypto screener available even for accounts that have not chosen one of the paid solutions. This is one of the most popular providers in the market, already featuring a broad range of brokerage houses.
Among the top brands, easyMarkets is one of the latest names that is offering TradingView integration, unlocking a broad range of benefits for its customers, including social trading, advanced charting capabilities and deep market insight.
Always on the cusp of innovation and an eager early adopter, easyMarkets shares the idea that a crypto screener can be a useful tool. At the time of writing, traders can trade CFDs based on some of the popular cryptocurrencies in the market including Bitcoin, Ether, XRP and Stellar.
Crypto Trading is Still Growing in Popularity
Even though crypto trading volumes have plunged earlier this year, they have since rebounded and continue to attract more participants into the market. This is also helped by the increasing mainstream integration of crypto and blockchain, particularly in the financial services field.
Volatility is expected to rise again at some point and when that happens, using a crypto screener can help traders spot the best-performing cryptocurrencies, based on volume, price movements and other relevant metrics. This tool can show what altcoins are outperforming the market, given there are tokens posting gains even during a bear market.