To begin with, we’ll kickstart this article by diving into our top tips for trading crypto. From there, we’re also going to briefly cover seven additional crypto trading tips. And lastly, to top things off, we’ll dive into the Moralis Money Pro plan and explain why this is the best source for daily tips on how to trade cryptocurrency!
3 Crypto Trading Tips (and Challenges You Can Avoid)
In the coming sections, we’ll give you our top three crypto trading tips and the challenges they help you overcome:
- Tip #1: Use Token Explorer to find coins before everyone else.
- Tip #2: Use Token Alerts to set up real-time alerts.
- Tip #3: Use Token Shield for quick and comprehensive security analysis.
Each of the tips for trading crypto above is connected to Moralis Money – the industry’s #1 crypto scanner. Moralis Money uses unbiased blockchain data in real-time to give your true marker alpha. And by leveraging blockchain analytics tools like Moralis Money, you’ll get a significant edge and can stay on top of the market.
Nonetheless, let’s dive into the first of our cryptocurrency trading tips and explore how to use Token Explorer to find coins before everyone else!
Tip #1: Use Token Explorer to Find Coins Before Everyone Else
Our first tip is that you start leveraging Moralis Money’s Token Explorer. With this feature, you can effortlessly find the most undervalued crypto before everyone else and maximize your gains!
So, how does this work?
The Token Explorer feature is equipped with 15+ filters. You can pick and choose among these to create unique strategies to target specific coins. We’ll demonstrate the accessibility of this tool by showing you how to find new and secure coins gaining interest from other experienced crypto traders in three steps:
- Step 1: You can start by applying the Coin Age metric, selecting a filter, inputting a value, and specifying a timeframe. In doing so, you’ll be able to generate a dynamic list of freshly minted altcoins:
- Step 2: The list generated from applying the Coin Age filter contains a bunch of strange tokens you may need to be wary about. As such, go ahead and combine the query above with the Security Score and Experienced Buyers metrics.
With the Security Score metric, you can filter for coins with high DEXT scores. Also, with Experienced Buyers, you only get coins gaining traction from other experienced crypto enthusiasts:
- Step 3: From here, you can now apply any other metrics and filters to make your query even more targeted.
That’s it; when working with Token Explorer, generating a comprehensive list of potential altcoin gems only takes a couple of clicks. From here, continue doing your own research to determine if any of the tokens are the right fit for your trading strategy. Moreover, with this crypto trading tip, you avoid FOMO, which is one of the most common challenges traders face. That said, let’s see how it actually helps with FOMO below!
Avoid the Fear of Missing Out with Token Explorer
In the cryptocurrency world, massive opportunities come and go daily. And most of us have heard or read about someone becoming a so-called ”Bitcoin millionaire.” These opportunities are great, but they’re also why the fear of missing out (FOMO) is one of three challenges 99% of crypto traders struggle with.
FOMO is an emotional response to the feeling of missing ample opportunities, and it makes people trade irrationally. As a result, they invest in assets based on hype, only to see them fall shortly after.
Fortunately, with Moralis Money’s Token Explorer feature, you can find new crypto projects before they break out. This means you don’t have to FOMO into an opportunity ever again, as you’ll be able to find them before whales, coin sites, and the masses!
Tip #2: Use Token Alerts to Set Up Real-Time Alerts
Our second tip is that you leverage Moralis Money’s Token Alerts feature to set up real-time alerts. In doing so, you can monitor both individual tokens and the market for new emerging opportunities, even when you aren’t in front of your computer.
So, how do you set up alerts with Token Alerts?
Option 1: Monitor Individual Tokens
If you’d like to monitor individual tokens and get real-time alerts whenever something of interest happens on-chain, then go to the ”Alerts” tab and click on ”+ Create Alert”:
From there, add the address of the token you wish to monitor, apply a filter, input your email address, and hit ”Save Alert”:
You can also set up an alert for a cryptocurrency directly from its token page. To do so, click on the ”Create Alert” button and follow the same instructions as above:
In return, you’ll now receive email notifications whenever something matching your filter occurs on-chain. This is what the response might look like:
Option 2: Monitor the Market
If you’d like to monitor the market for emerging opportunities, then start by creating a strategy with Token Explorer and save it:
From there, go to the ”Saved Strategies” tab, hit the bell button for the filter in question, add your email, and hit ”Start Monitoring”:
In return, you’ll receive frequent emails containing lists of tokens that have recently matched your filter. This is an example of what the email might look like:
Save Time with Token Alerts
In addition to FOMO, another challenge traders struggle with is time constraints. In the fast-paced cryptocurrency market, opportunities come and go in the blink of an eye. And to capitalize on the most promising opportunities, traders generally need to go full-time in crypto unless they have crypto trading tools like Token Alerts.
With Token Alerts, you can save time by setting up email notifications based on your filters. In doing so, you can find new tokens and great investment opportunities even when you aren’t actively trading!
Tip #3: Use Token Shield for Quick and Comprehensive Security Analysis
Lastly, our final tip is to leverage Moralis Money’s Token Shield feature. The Token Shield feature provides a comprehensive and easily understood security evaluation for all cryptocurrencies.
So, how does it work?
When using Token Explorer, you’ll notice that each token has a shield symbol attached to it. This symbol features the token’s DEXT score, which is used to measure the confidence of a project. As such, the higher the score, the less likely it is to be a scam:
In addition to the immediate look at each coin’s DEXT score, you can also visit the token pages for more in-depth security information:
Dodge Cryptocurrency Scams with Token Shield
As the cryptocurrency industry has been receiving an abundance of attention, it has unfortunately brought many scammers into the space. Moreover, the idea that you’re completely in control of your funds is revolutionary; however, it can also lead to inexperienced participants losing control of their assets. And many new traders fall for scams like rug pulls and exit scams.
Furthermore, in a fast-paced market like the crypto industry, not everyone has the time for complete due diligence. Fortunately, with a tool like Moralis Money’s Token Shield, you can now stay safe and protect yourself from scams. Look at each coin’s shield symbol and visit their token pages for more detailed information to dodge potential scams effortlessly.
Additional Tips for Trading Crypto
In addition to our top three main tips, here are seven other cryptocurrency trading tips worth considering:
- Familiarize Yourself with the Market: Before you even start trading, we highly recommend that you familiarize yourself with the market. You need to understand what the market is, how it works, the potential benefits, and the risks.
- Choose an Altcoin Trading Strategy: Don’t mindlessly buy crypto just because you want to. Start by selecting an altcoin trading strategy that suits you so you have a purpose for every trade.
- Transaction and Exchange Fees: The transaction and exchange fees for trading crypto can change drastically. As such, frequently check these fees so they don’t shoot up and you lose money on your trades.
- Keep Your Assets Safe: When investing in crypto, you need a safe and secure way to store your assets. Leaving coins on a centralized exchange can be risky, which is why you might want to set up and transfer your assets to a Web3 wallet.
- Manage Risk: You need to manage risk wisely across your portfolio. As such, never invest more than you can afford, especially in a volatile market like crypto.
- Do Your Own Research: Always do your own research. Don’t blindly trust random coin recommendations, as you don’t know if the people behind them are competent or maybe even have ulterior motives.
- Diversify Investments: Like with any asset class, it can be risky to put all your eggs in one basket when it comes to crypto. As such, diversify your holdings to spread out and minimize risk.
Sign Up with Moralis Money Pro – Receive Cryptocurrency Trading Tips from the Pro
Now, if you’d like to take your trading game to the next level, you might want to consider the Moralis Money Pro plan. As a Moralis Money Pro plan user, you’ll receive a monthly newsletter with valuable cryptocurrency trading tips from one of our pro traders. As such, by going Pro, you can stay updated with the latest Moralis Money features and trading strategies!
What’s more, in addition to the monthly newsletter with pro tips for trading crypto, you also get the following benefits:
- Access to a Private Discord Server: All Pro plan users are invited to a private Discord server. As such, by signing up with the Moralis Money Pro plan, you become part of a more extensive community where you can receive and share your daily crypto trading tips.
- Narrower Timeframes: The Moralis Money Pro plan provides access to narrower timeframes for all search parameters. This means you can query token data on an hourly and even ten-minute basis.
- Access to Token Alerts: The second of our main crypto trading tips was to leverage Token Alerts, a feature you can access as a Pro plan user. As such, if you want to use one of the industry’s best crypto monitoring tools, sign up with the Moralis Money Pro plan now!
The newsletter and the three benefits above are only a taste of what you get as a Moralis Money Pro plan user. You can also save up to ten custom queries, get access to premium education, and much more:
If you want to try it out, go to our pricing page and sign up for our seven-day trial:
You can also experience the accessibility of Moralis Money yourself right here using the widget below. Apply a premade filter or set up a custom query from scratch:
Summary: 3 Essential Cryptocurrency Trading Tips
In today’s article, we gave you our top three cryptocurrency trading tips:
- Tip #1: Use Token Explorer
- Tip #2: Use Token Alerts
- Tip #3: Use Token Shield
By using Token Explorer, you can find coins before everyone else and avoid FOMO. With Token Alerts, you can effortlessly set up alerts to monitor individual tokens and the market for emerging investment opportunities. Lastly, with Token Shield, you get a security evaluation for all coins so you can stay safe from scams.
Token Explorer, Token Alerts, and Token Shield are the three main features of Moralis Money, and you can supercharge them by signing up with the Moralis Money Pro plan. In doing so, you get more narrow timeframes for all search parameters, access to a private Discord server, can save up to ten queries, and much more!
Also, did you know that Moralis Money supports multiple networks? This means you can find new and exciting coins across various blockchains, including Ethereum, Optimism, BNB Chain, Polygon, and others.
