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Stop Guessing, Start Trading: The Token Metrics API Advantage

Announcements

Big news: We’re cranking up the heat on AI-driven crypto analytics with the launch of the Token Metrics API and our official SDK (Software Development Kit). This isn’t just an upgrade – it's a quantum leap, giving traders, hedge funds, developers, and institutions direct access to cutting-edge market intelligence, trading signals, and predictive analytics.

Crypto markets move fast, and having real-time, AI-powered insights can be the difference between catching the next big trend or getting left behind. Until now, traders and quants have been wrestling with scattered data, delayed reporting, and a lack of truly predictive analytics. Not anymore.

The Token Metrics API delivers 32+ high-performance endpoints packed with powerful AI-driven insights right into your lap, including:

  • Trading Signals: AI-driven buy/sell recommendations based on real-time market conditions.
  • Investor & Trader Grades: Our proprietary risk-adjusted scoring for assessing crypto assets.
  • Price Predictions: Machine learning-powered forecasts for multiple time frames.
  • Sentiment Analysis: Aggregated insights from social media, news, and market data.
  • Market Indicators: Advanced metrics, including correlation analysis, volatility trends, and macro-level market insights.

Getting started with the Token Metrics API is simple:

  1. Sign up at www.tokenmetrics.com/api
  2. Generate an API key and explore sample requests.
  3. Choose a tier–start with 50 free API calls/month, or stake TMAI tokens for premium access.
  4. Optionally–download the SDK, install it for your preferred programming language, and follow the provided setup guide.

At Token Metrics, we believe data should be decentralized, predictive, and actionable. 

The Token Metrics API & SDK bring next-gen AI-powered crypto intelligence to anyone looking to trade smarter, build better, and stay ahead of the curve. With our official SDK, developers can plug these insights into their own trading bots, dashboards, and research tools – no need to reinvent the wheel.

Research

How API Calls Power Modern Apps

Token Metrics Team
5
MIN

APIs are the lingua franca of modern software: when one system needs data or services from another, it issues an API call. For developers and analysts working in crypto and AI, understanding the anatomy, constraints, and best practices around api calls is essential to building resilient integrations and reliable research pipelines.

What is an API call and why it matters

An API call is a request sent from a client to a server to perform an action or retrieve information. The request specifies an endpoint, method (GET, POST, etc.), headers (for authentication or metadata), and often a body (JSON or other payloads). The server processes the request and returns a response with a status code and data. In distributed systems, api calls enable modularity: microservices, exchange endpoints, data providers, and AI agents all communicate via these standardized exchanges.

For teams integrating market data, on-chain analytics, or AI models, api calls are the mechanism that moves structured data from providers to models and dashboards. Latency, reliability, and data integrity of those calls directly affect downstream analysis, model training, and user experience.

Protocols and common patterns for api calls

There are several common protocols and patterns you will encounter:

  • REST (HTTP/HTTPS): Resource-based endpoints with methods like GET, POST, PUT, DELETE and JSON payloads. It is simple and ubiquitous for public data APIs.
  • RPC (Remote Procedure Call): Calls invoke functions on a remote server (examples include JSON-RPC used by many blockchain nodes).
  • WebSocket / Streaming: Persistent connections for real-time updates, frequently used for trade feeds and live on-chain events.
  • Webhooks: Server-initiated HTTP callbacks that push events to your endpoint, useful for asynchronous notifications.

Choosing the right pattern depends on the use case: low-latency trading systems favor streaming, while periodic snapshots and historical queries are often served over REST.

Anatomy of an api call: headers, payloads, and responses

Understanding the pieces of a typical API request helps with debugging and design:

  1. Endpoint URL: The path identifying the resource or action (e.g., /v1/price or /rpc).
  2. HTTP method: GET for retrieval, POST for creation or complex queries, etc.
  3. Headers: Include authentication tokens (Bearer, API-Key), content-type, and rate-limit metadata.
  4. Body / Payload: JSON, form-encoded data, or binary blobs depending on the API.
  5. Response: Status code (200, 404, 429, 500), response body with data or error details, and headers with metadata.

Familiarity with these elements reduces time-to-diagnosis when an integration fails or returns unexpected values.

Security, authentication, and safe key management

APIs that provide privileged data or actions require robust authentication and careful key management. Common approaches include API keys, OAuth tokens, and HMAC signatures. Best practices include:

  • Use least-privilege API keys: limit scopes and rotate credentials regularly.
  • Avoid embedding keys in client-side code; store them in secure vaults or server-side environments.
  • Require HTTPS for all api calls to protect payloads in transit.
  • Log access events and monitor for anomalous usage patterns that indicate leaked keys.

These practices help prevent unauthorized access and reduce blast radius if credentials are compromised.

Rate limits, pagination, and observability for robust integrations

Service providers protect infrastructure with rate limits and pagination. Common patterns to handle these include exponential backoff for 429 responses, caching frequently requested data, and using pagination or cursor-based requests for large datasets. Observability is critical:

  • Track latency, error rates, and throughput per endpoint.
  • Implement alerting on rising error ratios or slow responses.
  • Use tracing and request IDs to correlate client logs with provider logs during investigations.

Monitoring trends in api call performance allows teams to proactively adjust retry strategies, request batching, or move to streaming alternatives when appropriate.

Testing, debugging, and staging strategies

Reliable integrations require systematic testing at multiple levels:

  • Unit tests: Mock API responses to validate client logic.
  • Integration tests: Run against staging endpoints or recorded fixtures to validate end-to-end behavior.
  • Load tests: Simulate traffic patterns to surface rate-limit issues and resource constraints.
  • Replay and sandboxing: For financial and on-chain data, use historical replays to validate processing pipelines without hitting production rate limits.

Tools like Postman, HTTP clients with built-in retries, and API schema validators (OpenAPI/Swagger) speed up development and reduce runtime surprises.

Build Smarter Crypto Apps & AI Agents with Token Metrics

Token Metrics provides real-time prices, trading signals, and on-chain insights all from one powerful API. Grab a Free API Key

What is an API call?

An api call is a client request to a server asking for data or to perform an action. It includes an endpoint, method, headers, and sometimes a payload; the server returns a status and response data.

REST vs RPC: which model should I use?

REST is resource-oriented and easy to cache and inspect; RPC is procedural and can be simpler for calling node functions (for example, blockchain RPC endpoints). Choose based on the data shape, latency needs, and provider options.

How do I handle rate limits and 429 errors?

Implement exponential backoff, respect Retry-After headers when provided, batch requests where possible, and use caching to reduce repeated queries. Monitoring helps you adapt request rates before limits are hit.

How should I secure API keys?

Store keys in server-side environments or secrets managers, rotate keys regularly, limit scopes, and never commit them to source control. Use environment variables and access controls to minimize exposure.

What tools help test and debug api calls?

Postman, curl, HTTP client libraries, OpenAPI validators, and request-tracing tools are useful. Unit and integration tests with mocked responses catch regressions early.

Disclaimer

This article is for educational and informational purposes only. It explains technical concepts related to api calls and integration practices and does not provide financial, investment, or trading advice. Readers should conduct their own research and consult appropriate professionals before acting on technical or market-related information.

Research

APIs Explained: How Interfaces Power Modern Apps

Token Metrics Team
5
MIN

Every modern app, website, or AI agent depends on a set of invisible connectors that move data and commands between systems. These connectors—APIs—define how software talks to software. This post breaks down what an API is, how different API styles work, why they matter in crypto and AI, and practical steps to evaluate and use APIs responsibly.

What is an API?

An API (application programming interface) is a formalized set of rules and specifications that lets one software component interact with another. Rather than exposing internal code or databases, an API provides a defined surface: endpoints, request formats, response schemas, and error codes. Think of it as a contract between systems: you ask for data or an action in a specified way, and the provider responds in a predictable format.

APIs reduce friction when integrating services. They standardize access to functionality (like payment processing, identity verification, or market data) so developers can build on top of existing systems instead of reinventing core features. Because APIs abstract complexity, they enable modular design, encourage reusability, and accelerate development cycles.

How APIs work — technical overview

At a technical level, APIs expose endpoints over transport protocols (commonly HTTPS). Clients send requests—often with authentication tokens, query parameters, and request bodies—and servers return structured responses (JSON or XML). Key architectural patterns include:

  • REST: Resource-oriented, uses standard HTTP verbs (GET, POST, PUT, DELETE), and typically returns JSON. It's simple and cache-friendly.
  • GraphQL: A query language that lets clients request exactly the fields they need, minimizing over-fetching.
  • WebSocket / Streaming APIs: Persistent connections for real-time data push, useful for live feeds and low-latency updates.
  • RPC / gRPC: Procedure-call style with strong typing and high performance, common in internal microservices.

Operationally, important supporting features include rate limits, API keys or OAuth for authentication, versioning strategies, and standardized error handling. Observability—metrics, logging, and tracing—is critical to diagnose integration issues and ensure reliability.

APIs in crypto and AI — practical examples

In crypto ecosystems, APIs provide price feeds, historical market data, on-chain metrics, wallet services, and order execution. For AI-driven agents, APIs enable access to compute, models, and third-party signals. Example uses:

  • Fetching real-time and historical price data to power dashboards and analytics.
  • Querying on-chain explorers for transaction and address activity for compliance or research.
  • Integrating identity or KYC providers to verify users without handling sensitive documents directly.
  • Calling AI model APIs to generate embeddings, summaries, or predictions used by downstream workflows.

Tools that combine market data, on-chain insights, and AI-driven analysis can streamline research workflows. For example, AI research platforms and data APIs help synthesize signals and surface trends faster. When referencing such platforms in research or product development, it is best practice to evaluate their documentation, data sources, and rate limits carefully. One example of an AI research offering is Token Metrics, which illustrates how analytics and model-driven insights can be presented via a service interface.

Choosing & using APIs: a research checklist

When evaluating an API for a project, consider these practical criteria:

  1. Documentation quality: Clear examples, SDKs, response schemas, and error cases reduce integration time.
  2. Data provenance: Understand sources, update frequency, and any aggregation or normalization applied.
  3. Authentication & permissions: Which auth methods are supported? Can access be scoped and rotated?
  4. Rate limits & pricing: Are limits suitable for your expected throughput, and is pricing predictable?
  5. Latency & uptime SLAs: Critical for real-time systems; check historical status and monitoring APIs.
  6. Security practices: Encryption in transit, secure storage of keys, and breach disclosure policies.
  7. Versioning & backward compatibility: How does the provider manage breaking changes?

Implementation tips: sandbox first, validate edge cases (timeouts, partial responses), and build exponential backoff for retries. For production systems, segregate API keys by environment and rotate credentials regularly.

Build Smarter Crypto Apps & AI Agents with Token Metrics

Token Metrics provides real-time prices, trading signals, and on-chain insights all from one powerful API. Grab a Free API Key

FAQ: What is an API?

Q: What is the difference between an API and a web service?
A: A web service is a type of API accessed over a network using web protocols. APIs can be broader, including libraries and OS-level interfaces; web services are specifically networked services.

FAQ: How do APIs secure communication?

Q: How are APIs secured?
A: Common methods include HTTPS for encryption, API keys or OAuth for authentication, scopes to limit access, and rate limiting to reduce abuse. Proper key management and least-privilege access are essential.

FAQ: REST vs GraphQL — when to use which?

Q: When is REST preferable to GraphQL?
A: REST is simple and widely supported—good for standardized CRUD operations and caching. GraphQL excels when clients need flexible queries and want to minimize over-fetching, but it adds complexity on the server side.

FAQ: Can APIs be used for crypto trading?

Q: Are APIs used to place trades?
A: Many exchange APIs allow programmatic order placement, market data retrieval, and account management. Using them requires careful handling of authentication, error states, and adherence to exchange rate limits and terms of service.

FAQ: How to evaluate an API for a project?

Q: What steps help evaluate an API?
A: Review docs, test a sandbox, verify data lineage and SLA, estimate costs at scale, and ensure the provider follows security and versioning best practices before integrating.

Disclaimer

This article is educational and informational only. It does not constitute investment advice, trading recommendations, or endorsements of any specific products or services. Always perform your own due diligence and comply with applicable laws and platform terms when using APIs or building systems that interact with financial markets.

Research

APIs Explained: How They Work and Why They Matter

Token Metrics Team
5
MIN

APIs power modern software: they let apps talk to each other, enable data sharing, and underpin many AI and crypto services. Whether you use a weather widget, connect to a payment gateway, or build an AI agent that queries market data, understanding what an API is will make you a smarter builder and researcher.

What is an API? A concise definition

An API, or application programming interface, is a set of rules and contracts that lets one software component request services or data from another. Think of an API as a menu at a restaurant: it lists operations you can ask for (endpoints), the inputs required (parameters), and the outputs you’ll receive (responses). The menu hides the kitchen’s complexity while enabling reliable interactions.

At a technical level, APIs define:

  • Endpoints: addressable paths (e.g., /v1/price) that expose functionality.
  • Methods: actions (GET, POST, PUT, DELETE) that describe intent.
  • Payloads and formats: how data is sent and returned (JSON, XML, protobuf).
  • Authentication and rate limits: controls that protect providers and consumers.

How APIs work: protocols, formats, and patterns

APIs come in many flavors, but several common patterns and technologies recur. HTTP-based REST APIs are ubiquitous: clients send HTTP requests to endpoints, and servers return structured responses. GraphQL provides a flexible query language so clients request exactly the data they need. gRPC and protobuf offer high-performance binary protocols suited for internal systems.

Key technical considerations include:

  • Authentication: API keys, OAuth 2.0, and signed requests verify identity.
  • Data formats: JSON is common for public APIs; compact formats (protobuf) are used for efficiency.
  • Versioning: /v1/, /v2/ patterns prevent breaking changes for consumers.
  • Error handling: HTTP status codes and descriptive error bodies aid debugging.

From a user perspective, well-designed APIs are predictable, documented, and testable. Tools like Postman, curl, and OpenAPI (Swagger) specs help developers explore capabilities and simulate workflows before writing production code.

Types of APIs and common use cases

APIs fall into categories by audience and purpose: public (open) APIs available to external developers, partner APIs for trusted integrations, and private/internal APIs for microservices inside an organization. Use cases span virtually every industry:

  • Web and mobile apps: fetch user data, manage authentication, or render dynamic content.
  • Payments and identity: integrate payment processors or single-sign-on providers.
  • AI and data services: call model inference endpoints, fetch embeddings, or retrieve labeled datasets.
  • Crypto and Web3: query blockchain state, streaming market data, or execute on-chain reads via node and indexer APIs.

For crypto developers, specialized endpoints like on-chain transaction lookups, token metadata, and real-time price feeds are common. Choosing the right API type and provider depends on latency, data freshness, cost, and reliability requirements.

How to evaluate and use an API effectively

Selecting an API is a mix of technical and operational checks. Use a framework to compare candidates across functionality, quality, and governance:

  1. Functional fit: Does the API expose the endpoints and data shapes you need? Can it filter, paginate, or aggregate appropriately?
  2. Performance: Measure latency, throughput, and SLA guarantees. For real-time systems, prefer providers with streaming or websocket options.
  3. Data quality & provenance: Verify how data is sourced and updated. For analytical work, consistent timestamps and clear versioning are critical.
  4. Security & compliance: Check authentication methods, encryption in transit, and data-handling policies.
  5. Cost & rate limits: Understand pricing tiers, request quotas, and backoff strategies.
  6. Documentation & community: Good docs, SDKs, and examples reduce integration time and maintenance risk.

When building prototypes, use sandbox or free tiers to validate assumptions. Instrument usage with logging and observability so you can detect schema changes or degraded data quality quickly. For AI agents, prefer APIs that return structured, consistent responses to reduce post-processing needs.

Build Smarter Crypto Apps & AI Agents with Token Metrics

Token Metrics provides real-time prices, trading signals, and on-chain insights all from one powerful API. Grab a Free API Key

FAQ — What is an API?

An API is a contract that allows software components to interact. It specifies endpoints, request formats, authentication, and expected responses so different systems can communicate reliably.

How do I start using an API?

Begin by reading the provider’s documentation, obtain any required credentials (API key or OAuth token), and make simple test calls with curl or Postman. Use SDKs if available to accelerate development.

What’s the difference between REST and GraphQL?

REST exposes fixed endpoints returning predefined data structures, while GraphQL lets clients query for exactly the fields they need. REST is simple and cache-friendly; GraphQL provides flexibility at the cost of more complex server logic.

Are APIs secure to use for sensitive data?

APIs can be secure if they use strong authentication (OAuth, signed requests), TLS encryption, access controls, and proper rate limiting. Review the provider’s security practices and compliance certifications for sensitive use cases.

How are APIs used with AI and agents?

AI systems call APIs to fetch data, request model inferences, or enrich contexts. Stable, well-documented APIs with predictable schemas reduce the need for complex parsing and improve reliability of AI agents.

Disclaimer

This article is for educational purposes only. It explains technical concepts and evaluation frameworks but is not investment advice or a recommendation to use any specific API for financial decisions. Always review terms of service and data governance policies before integrating third-party APIs.

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Crypto Basics

Cardano (ADA) Crypto – What It Is and How It Works?

Token Metrics Team
8 minutes
MIN

Cardano (ADA) can be described as a blockchain platform that’s designed to enable the development of decentralized applications and smart contracts. It is the first blockchain platform to be built on a scientific philosophy and to be developed through peer-reviewed research and scientific rigor. Developed by a global team of leading researchers and engineers, Cardano is set to revolutionize the way we use and interact with blockchain technology. 

This beginner's guide to Cardano will provide you with all the information you need to understand the platform, its features, and how to use it. From its unique consensus algorithm to its native token ADA, this guide will provide you with a comprehensive overview of Cardano. Whether you're a beginner interested in learning more about Cardano or a blockchain expert looking for the latest information, this guide has you covered from end-to-end. 

History of Cardano

Cardano was founded by Charles Hoskinson, who also co-founded Ethereum. However, Cardano is a very different platform from Ethereum regarding its design and goals. Whereas Ethereum is a decentralized application ("dapp") platform designed to power all sorts of different decentralized applications, Cardano is designed to be a "first generation" blockchain platform that can be used to build decentralized applications, as well as other things.

The Cardano Foundation, IOHK, and Emurgo are developing the Cardano platform. The three groups are working together to build the Cardano platform and will hold a stake in the Cardano ecosystem. 

The first phase of Cardano's development began in 2015. At the time, a company called Input-Output (IOHK) was contracted to build the platform. In 2017, IOHK decided to hand over control of the project to the Cardano Foundation and Emurgo. The three partners are now working together to bring Cardano to market. The next development phase has been completed sometime between 2020 and 2021. After that, Cardano emerged as a fully decentralized blockchain.

How Does Cardano Work?

The Cardano platform uses a proof of stake (PoS) consensus algorithm to manage its decentralized network. Proof of stake is a consensus algorithm where the right to add new blocks to the blockchain is determined not by computing power but by coin ownership. In PoS-based blockchains, users must "stake" or "deposit" their coins to add new blocks to the blockchain for a certain amount of time. The more coins a user stakes, the greater the chance that the user will be selected to add a new block. Cardano uses the Ouroboros proof of stake algorithm. 

Ouroboros is the first proof of stake algorithm to be proven secure in a peer-reviewed paper. This unique algorithm uses a "random selection of a catch-up fellow" to create a network with no central authority. In other words, no single person or group can control the network. The algorithm works by randomly selecting a "follower" who can "catch up" with the "leader."

The leader is the person responsible for adding new blocks to the blockchain. The follower has one job: to predict what the leader will do. If the follower is correct, they are promoted to the leader and given a chance to add a new block. If the follower is incorrect, they remain a follower, and another random person is selected to catch up. The Ouroboros algorithm was expected to be completed by June 2020. But, according to recent reports, Charles Hoskinson said that the Ouroboros Genesis implementation will be in 2023.

Cardano's Development and Governance

The development and governance of Cardano are handled by three large organizations:

The Cardano Foundation: The Cardano Foundation maintains Cardano's core. This group promotes the platform, manages its marketing and communications, and defends the brand.

IOHK: IOHK leads the team behind Cardano's core. This group is responsible for developing and maintaining the platform's core software and bringing new features to the market.

Emurgo: The third group, Emurgo, brings businesses and investments to the Cardano ecosystem. Emurgo helps businesses integrate with the Cardano network and encourages others to build projects on the Cardano platform.

The functioning of Cardano stands tall because of the highly secured and powerful ecosystem as mentioned above. Now, what is Cardano’s native token ADA?

Cardano's Native Token - ADA

Cardano's native token, ADA, sends money on the Cardano blockchain. It also rewards people who help maintain and build the network. The team behind Cardano has stated that ADA is more than just a token: it also serves as "the fuel that drives the Cardano ecosystem." Cardano’s development team has stated that the platform will be fully decentralized once the network has been around for a few years. Until then, the platform will be maintained by a group of stakeholders who have a vested interest in the platform's success. These stakeholders have a stake in the system and are rewarded with ADA for helping maintain the platform. 

There are 3-easy ways to earn ADA

  • Hosting a node, 
  • Providing software assurance, or 
  • Contributing to the development of Cardano's software or research.

Apart from these, Cardano’s powerful 3-layered ecosystem makes it reliable and trustworthy. 

The 3-Layered Cardano's Ecosystem

Here are the three secured-layers that constitute Cardano (ADA): 

The Cardano Network: The Cardano network is the blockchain that runs the ADA token and smart contracts. It is maintained by the stakeholders, who receive ADA for their work.

Cardano's core technology: The Cardano core represents the core software that powers the Cardano network. This includes the programming languages used to build decentralized applications and the virtual machine that runs those apps.

All the projects built on top of the Cardano platform: The Cardano projects layer lists all the decentralized applications built on top of the Cardano network.
To top it all, you can also enjoy the benefit of smart contracts on Cardano. 

Smart Contracts On Cardano

Although Cardano is designed to be a dapp platform, it can also be used to build smart contracts. The programming language used to build smart contracts on Cardano is called Haskell and Cardano's virtual machine, called the "Computing Resources And Dispatcher" (CRDD), can execute many programming languages.

Any decentralized application built in any programming language can be hosted on the Cardano network. Cardano's smart contracts are unique because they are the first to be verified by a formal verification tool called the "Industrial Strength Verification" (ISV). This tool will help you confirm whether or not a smart contract is safe to use.

Cardano's Use Cases

Use Case #1: The first use case for Cardano is a decentralized application platform. This means that developers can build apps on top of the Cardano blockchain. These dapps will be able to send and receive ADA and use other features like the ability to create a wallet or sign a transaction. 

Use Case #2: The second use case for Cardano is as a financial asset. Investors can buy and sell ADA on cryptocurrency exchanges, and the token could also represent ownership in a company.

Now, let’s see the security measures that Cardano aims to offer.

Security on Cardano

One of the most common questions about Cardano is how secure it is compared to other blockchains. Cardano does not claim to be more secure than other blockchains but seeks to be as secure as possible. The team behind Cardano has said that one of their goals is to be the "safest and most reliable blockchain." 

One way Cardano strives to be more secure is through its unique design. While other blockchains are designed to do one thing well, Cardano is designed to do many different things less well. Cardano's design means no single platform part is crucial to its operation. If one part of the platform fails, many other parts can take its place. This indicates safety at its best.

Is Cardano a Worthy Investment?

There we are swinging again to whether or not Cardano is a good investment. Let’s check out the latest updates before we decide, shall we?

According to the Cryptoglobe’s Report, ADA’s price might soar up to 100% by 31st January, 2023. Major upgrades are being anticipated by investors to improve DeFi’s significance through its oracles.

So, Cardano is something to look forward to owing to its upcoming features. 

Future of Cardano

Let’s dive a bit further into the future. Cryptopolitan thinks the price of ADA will soar up to $21.35 on an average, with a minimum price of $20.55. Changelly also believes that ADA price will rise, but the website thinks the coin price will only peak at $15.69, with an average of $13.92, similar to the data from Price Prediction. The website’s analysts predict that the coin’s maximum price will be $15.69 with a minimum of $13.55.

Most experts predict that Cardano might see a bright future in 2023. With persistent developments Cardano’s ecosystem has been witnessing, and in the crypto asset market as a whole, Cardano can potentially reach a new high.

The Bottom Line

Cardano aims to be a "first generation" blockchain technology. The platform is being built by a group of organizations, each with a specific role in the project.

The team hopes this design will help Cardano achieve its goal of being the most secure blockchain. The platform uses a unique consensus algorithm, and its native token is storable in various wallets. The token can be used to represent ownership in a company. 

Crypto Basics

Dogecoin (DOGE) Crypto - What It Is and How It Works?

Token Metrics Team
7 minutes
MIN

Dogecoin (DOGE) has been making headlines lately as cryptocurrency continues to gain mainstream attention. But what exactly is Dogecoin, and should you consider investing in it? This article aims to explain Dogecoin's basics, how it works, and what you should consider before investing. 

Dogecoin is a cryptocurrency created in 2013 as a joke but has since become a serious player in the cryptocurrency market. At its core, Dogecoin is a decentralized, open-source, peer-to-peer digital currency that allows users to send and receive money with low transaction fees. It is based on the Litecoin protocol, a modified version of Bitcoin. 

Dogecoin has recently gained popularity due to its rapidly-growing user base, low transaction fees, and fast transaction speeds. Despite its novelty, Dogecoin is a legitimate cryptocurrency with many advantages over other currencies, including its security, low costs, and ease of use. Whether or not you choose to invest in Dogecoin is ultimately up to you. But by understanding the basics of the currency and doing your research, you can make an informed decision about whether or not Dogecoin is right for you.

A Quick Overview Of Dogecoin

Dogecoin is a decentralized, open-source, peer-to-peer digital currency that uses Litecoin's Scrypt algorithm as proof of work. Users can send and receive DOGE, while miners can also produce new Dogecoin as a reward for verifying transactions. As of December 2022, there are over 132 billion DOGE tokens in circulation, with a total supply expected to be in the trillions. 

Dogecoin's supply has no limit, meaning it can be mined infinitely. The maximum number of coins that can be mined per day is 100,000,000, while the maximum number of coins that can be mined per hour is 6,000,000. Dogecoin is traded on an average of 50 exchanges, with the highest daily volume being over $560 million. Bitcoin's market capitalization is $320 billion, while Dogecoin stands at $11.96 billion.

How Does Dogecoin Work?

As mentioned above, Dogecoin is a decentralized, open-source, peer-to-peer digital currency that uses Litecoin's Scrypt algorithm as proof of work. The Scrypt algorithm is based on the SHA-256 algorithm, which is used by cryptocurrencies like Bitcoin. The SHA-256 algorithm is parallelized, meaning it can be divided into independent sections and computed simultaneously.

The Scrypt algorithm, on the other hand, is designed to be less predictable. This makes it more difficult for people to calculate a mining reward and for ASICs to be used for mining. This makes mining Dogecoins more decentralized, with users across the globe contributing to the mining process.

Advantages of Dogecoin

The top three advantages of Dogecoin are stated below for your best understanding:

  1. Security: Dogecoin's proof-of-work algorithm is much less susceptible to hacking than centralized, third-party payment providers. 
  1. Low costs: Dogecoin's low transaction fees and high supply make it a cheaper alternative to services like PayPal. 
  1. Fast transaction speeds: Dogecoin's block time of one-and-a-half minutes makes it one of the fastest cryptocurrencies regarding transaction speed.

Disadvantages of Dogecoin

On the other hand, there are a couple of disadvantages that might need your attention, especially if you are looking for an active investment in Dogecoin:

  • No proper accountability: While no entity owns or controls Dogecoin, there is no accountability if the cryptocurrency is hacked. This means that no one can reimburse you if your Dogecoins are stolen. 
  • Fraud risk: Because Dogecoin is not monitored by a central authority, there is a risk of fraud. This means you need to be extra cautious when investing in Dogecoin and always double-check the legitimacy of any exchange or company you plan to do business with.

Dogecoin's Market Performance

Dogecoin's market performance since its inception has been impressive. In 2022 alone, Dogecoin experienced a 350% increase in value, making it one of the top-performing cryptocurrencies in the last year. While it is difficult to determine what exactly caused this surge in value, there are a few things we can point to.

Dogecoin recently announced that it would partner with a company called Dogewallet to release a new cryptocurrency wallet. This news likely drove Dogecoin's value up, allowing the currency to become even more accessible to its growing user base. Dogecoin has also made headlines due to its sponsorship of a NASCAR race car and a social media tipping campaign.

Now that you know the performance of Dogecoin over the years, let’s look at the simple process of buying and owning it.

How to buy Dogecoin?

Buying Dogecoin is not difficult. Just follow four basic steps:

  1. Account Creation: Create an account on a cryptocurrency exchange that lists Dogecoin.
  2. Finish your KYC: Complete the identity verification process. Exchanges typically require a scan of an identity document such as a driver's license or passport.
  3. Do the Money Transfer: Transfer money from your bank account to the cryptocurrency exchange. The exchange may accept other payment methods, but bank account transfers generally have the lowest fees.
  4. Just Click on “Buy”: Once the money is available in your account with the exchange, select the "buy" option to purchase Dogecoin.

Right there, you have it all ready to trade or store Dogecoin. 

The Controversy Around Dogecoin

If you are aware of Dogecoin, then you might know the controversy surrounding it. When Elon Musk first tweeted about it - supporting it - its prices soared to the sky but came down crashing. There is also a $258 million lawsuit against him for this that states:

According to an amended complaint filed in the Manhattan court, Elon, his companies, Tesla and SpaceX, Boring and others intentionally drove up the price of the Dogecoin to more than 36,000% over two years and then let it crash. As a result, the defendants made tens of billions of dollars which came at the expense of other Dogecoin’s investors, while knowing that it has less intrinsic value and will rise up or go down only by marketing. 

This might make you worry about the future of Dogecoin and make you think if you should invest in DOGE or not.

Should You Invest in Dogecoin?

Dogecoin is a cryptocurrency that has experienced impressive growth since its inception. It has several advantages over other cryptocurrencies, including its security, low costs, and ease of use. These advantages make Dogecoin a viable investment option for those who want to try their hand at cryptocurrency but do not want to start with Bitcoin. That said, cryptocurrency trading is risky, and investing in Dogecoin can come with risks. 

There is no guarantee that Dogecoin's value will continue to rise, meaning that there is a risk that you could lose money. Additionally, investing in Dogecoin means you must be comfortable keeping your money in a digital wallet. If you are interested in investing in Dogecoin, be sure to do your research, make an informed decision, and invest only what you can afford to lose.

The Bottom Line

Dogecoin has seen exponential growth followed by a drastic fall due to the fact that its value depends on the market sentiment. One tweet from Musk can spike its price overnight, and, in the long-run it might be a risky investment.

This is just our opinion as per data. Having said that, we would suggest you to always have a complete analysis of the market response to Dogecoin and how it keeps changing with times. This way you will be able to make an informed or rather a wise decision.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your own due diligence and consult your financial advisor before making any investment decisions.

Research

12 (Upcoming) Best Cryptocurrencies To Invest In 2023

Token Metrics Team
6 minutes
MIN

Investing in crypto can be intimidating, especially when a bear market is set in. And if you want to kickstart your 2023, here are a few projects you can look forward to. Note that some of these are not launched yet while some are trading.

Remember, the idea behind this is to Buy Low & Sell High; i.e., you have to get in early, accumulate, and, once you see the risk on you, start taking profitable steps to yield good returns.

Best Crypto Projects to Invest in 2023

Let's see what cryptocurrency projects you might need to look out for investment in 2023.

1. Airstack

Airstack provides data infrastructure for web3. Their APIs enable easy querying across projects and blockchains — powering a new world of data-aware experiences. It’s founded in 2014 by Ariel Seidman and Ben Wong, which now stands at a total funding of $23M - so, it's worth looking into.

2. Airchains

Airchains is a popular middleware SaaS platform that allows you to build and deploy your own dApp on any of the chains below:

  • Avalanche
  • Cosmos
  • Polygon Edge
  • Polkadot
  • Celestia 
  • Ethereum

Founded by Ankur Rakhi Sinha in 2021, it stands at a total funding of over $638M as of now. If you are a developer, who doesn’t like building tons of services all by yourself, then this is for you. The inbuilt features are something to look forward to.

3. Nolus

Nolus is the world's first DeFi Lease platform. It might sound risky at first, but let's say you borrow collateral that's more capital efficient; you can borrow 150% of your collateral but is locked in their ecosystem, and you can't get out until it's repaid. It does take a while to get it, but it's worth it.

The aim is to combine the leverage of Tradfi and DeFi with the advantages that decentralization brings to the table. With the Nolus DeFi Lease, users will hold the complete authority of customizing the parameters of the on-chain contractual agreement.

4. Nibiru Chain

Nibiru is an open-sourced platform and a member of the interconnected family of Cosmos Ecosystem. It's a competitor for dYdX; it can unify leveraged derivatives trading, staking, and bonded liquidity provision into a seamless user experience. It enables users with over 40 blockchains to trade with leverage using a suite of composable dApps.

5. Nillion

Nillion is a secure processing layer for web3 which is equipped with new capabilities and use cases for blockchain and the real world. It focuses on quick decentralized computation. Andrew Masanto, a serial entrepreneur and investor, is the Co-founder of Nillion and as of Jan 2023, it has a standing funding of over $20M. And it can be positive choice to invest in the near future.

6. Blockless

Blockless helps you launch your project on a decentralized global network. It is a WASM-based verifiable serverless functions platform that can ensures top-class security and reliability. They recently introduced Blockless ZK, a prover as a service solution powered by zkWASM. This is an added feature to guarantee the execution correctness to your WASM apps with just a single click.

7. Hivemapper

Hivemapper is the world's first crypto-enabled dashcam representing a fundamental shift in how maps are built by enabling people using dashcams to mine their cryptocurrency, HONEY.

It's yet to be launched, but you can earn tokens to drive. The dashcam costs around 600 bucks, and it's a no-brainer to get started. This has a good potential of 100x because if you are already driving, you might as well get paid for it.

8. Canto

Canto is a cutting-edge Layer-1 blockchain solution that aims to bring the benefits of decentralized finance (DeFi) to a wider audience. By leveraging the power of free public infrastructure, Canto aims to create a new type of digital commons where individuals can take control of their financial assets and engage in a wide range of financial transactions without having to rely on traditional financial intermediaries.

9. Moonbeam

Moonbeam is a multi-chain platform that bridges dApps from Polkadot and Cosmos. It is an Ethereum-compatible smart contract parachain on Polkadot with minimal configuration changes and pre-built integrations.

10. Mina Protocol

Mina Protocol is the world’s lightest blockchain powered by participants. Mina is building a low-tech infrastructure for the secure, democratic future - as we all anticipate. There is no risk of your personal information being hacked or sold. You are the only one who owns your data, and it never leaves your device.

11. Harmony (ONE)

Harmony is an open-sourced fast blockchain; running the transactions of Ethereum applications in as little as 2 seconds. It is also 100x cheaper compared to others in the market. The average cost per transaction lies at around $0.0001.

The three pillars that Harmony thrives to balance are: scalability, security, and decentralization.

It encourages random state sharding with a guaranteed security of offering 250 nodes per shard and cryptographic randomness to re-shard regularly.

12. GMX

GMX is a platform that offers up to 50x leverage directly from your wallet for trading BTC, ETH, AVAX and other top crypto currencies. This reduces liquidation risks, saves on costs, and offers a simple swap interface.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Research

How to Make Money with Cryptocurrency in 2024 - Best Strategies

Token Metrics Team
5 minutes
MIN

Cryptocurrency has been around for over a decade, and it's quickly becoming a popular way to make money online. With the recent rise in the value of Bitcoin, Ethereum, and other cryptocurrencies, more and more people are looking for ways to capitalize on this new digital asset. This article will look at eight proven methods for making money with crypto in 2024 and beyond. 

Whether a beginner or a seasoned investor, you'll find something here that you can use to make money with your cryptocurrency investments. Let’s dive in.

How to Start Making Money with Crypto?

If you're interested in making money with crypto, the first step is to do your research. It would be best if you understood the different types of cryptocurrency, the various methods of making money with crypto, and the pros and cons of each. Once you have a good understanding, you can start investing.

Finding a reliable and secure way to store your cryptocurrency is equally significant. You can use a hardware wallet, a software wallet, or an online exchange. Whichever you choose, make sure it's secure, and you can trust it with your money.

8 Proven Ways for Making Money with Crypto

Following are the ways to make money with crypto in 2024.

1. Mining

The most common way to make money with crypto is through mining. Mining verifies transactions on the blockchain and adds new blocks of data to the chain. By doing this, miners are rewarded with cryptocurrency for their effort. Mining can be done with specialized hardware or with cloud mining services.

You don't need to purchase or maintain hardware with cloud mining, but the rewards are usually lower than with hardware mining. It's important to note that mining cryptocurrency is not easy and requires a lot of electricity, so it's essential to do your research before getting started.

2. Staking

Crypto staking is a method of investing in cryptocurrency that involves holding a certain amount of coins in your wallet for a certain period. By doing this, you are rewarded with a slight interest in your investment. So, you can earn passive income from your crypto investments.

The interest you can earn depends on the cryptocurrency and the number of coins you are staking. Some cryptocurrencies offer higher rewards than others, so it's crucial to do your research first.

3. Trading

Trading cryptocurrency is another popular way to make money with crypto. This method involves buying and selling cryptocurrency on a crypto exchange. You can take advantage of the price fluctuations and profit by doing so.

Note that trading cryptocurrency is risky and can result in losses. Therefore, learn your basics before you start trading. 

4. Investing

Investing in cryptocurrency is a great way to make money with crypto. You can invest in individual coins, such as Bitcoin and Ethereum, or you can invest in a cryptocurrency index fund. This is a great way to diversify your portfolio and spread your risk.

When investing in cryptocurrency, make it a point to research and understand the risks you will take. 

5. Lending

Cryptocurrency lending is another way to monetize crypto. It involves lending your cryptocurrency to someone else in exchange for interest. The interest rate you receive will depend on the type of cryptocurrency you are lending and the amount you are lending.

6. Earning Interest

Cryptocurrency can help you earn interest on your investments. It is done through a " yield farming process," where you lend your cryptocurrency to a platform in exchange for interest. The amount of interest you gain will solely depend on the platform and the type of cryptocurrency you are lending.

There are many platforms offering yield farming opportunities, but not all of them are safe or reliable. So, pick the trustworthy ones. 

7. Affiliate Programs

Many cryptocurrency exchanges offer affiliate programs allowing you to earn commissions on referred customers. By referring customers to an exchange, you can earn a percentage of the transaction fees they pay. It is a great way to make money with crypto without having to do any trading or investing.

Affiliate programs can be very competitive, so list out your best finds. Many great affiliate programs are available in the market, so research and find the most profitable ones.

8. ICOs

Initial Coin Offerings (ICOs) are a type of investment involving buying a company's token issued in exchange for cryptocurrency. ICOs are a great way to make money with crypto, as they can offer high returns on your investment.

However, it's essential to be aware of the risks involved. Many ICOs are scams and can result in losses, so ensure the ICO is legitimate before investing.

Research, as mentioned, is the goldmine for your crypto investment. It’s that unavoidable prerequisite that can help you predict and decide your crypto strategy. But, as you know, there are so many research platforms available up and live in the market and it’s quite challenging to pick the best one for you.
So, we made it easy for you.

We, at Token Metrics, offer comprehensive crypto data which can help you make an informed investment decision. Based on the data our AI tool articulates, you can find the best coins for your portfolio, a complete end-to-end analysis, touch points and everything else you need to make the final call.

The Bottom Line

Making money with crypto is a great way to generate passive income and grow your wealth. Be it any method, before getting started; it's essential to do thorough research and understand the risk as well as the potential. You can make money with your crypto investments in 2024 and beyond with the right analytical approach.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other advice, and you should not treat any of the website's content as such.

Token Metrics does not recommend buying, selling, or holding any cryptocurrency. Conduct your due diligence and consult your financial advisor before making investment decisions.

Crypto Basics

Solana (SOL) Crypto - What It Is and How It Works?

Token Metrics Team
5 minutes
MIN

Solana (SOL) is a high-performance blockchain platform that aims to provide scalability and speed for decentralized applications (dApps) and token transactions. Solana was founded in 2017 by Anatoly Yakovenko and since then, it has attracted a growing community of developers and users.

History of Solana

Solana was first introduced in 2017 by Anatoly Yakovenko, a software engineer with over 20 years of experience in the industry. Yakovenko had previously worked on high-performance systems at companies such as Qualcomm and Intel. In 2018, Solana raised $20 million in a private token sale. Since then, the Solana project has grown significantly, with a number of decentralized applications and platforms built on top of the Solana blockchain.

How Does Solana (SOL) Crypto Work?

Solana's unique consensus algorithm, called "Proof of Stake Time" (PoST), enables the network to process over 65,000 transactions per second (TPS) while maintaining a high level of security. This is a significant improvement over other blockchain platforms such as Ethereum and Bitcoin, which are limited to around 15 and 7 TPS respectively. 

In contrast to traditional proof of work (PoW) algorithms, where miners compete to solve mathematical problems, Solana's PoST algorithm allows validators to stake their tokens to secure the network. These validators are then chosen randomly to create new blocks and validate transactions. This results in a more energy-efficient and scalable network compared to other blockchain platforms.

Now, let’s see how Solana can benefit you.

Advantages & Disadvantages Of Solana

There are several benefits to using Solana as a blockchain platform for dApps and token transactions. Here are a few of the key advantages:

  • High scalability: Solana can handle large numbers of transactions per second, which is important for applications that need to process a large number of transactions in real-time.
  • Low latency: Solana has low latency, which means that transactions are confirmed quickly. This is necessary for dApps that require real-time updates, such as games and prediction markets.
  • Decentralization: Solana is highly decentralized, which means that no single entity controls the network. This is significant for maintaining the integrity and security of the network.
  • Low fees: Solana has low transaction fees compared to other blockchain platforms, which makes it more accessible to a wider range of users.
  • Energy-efficient: Solana consensus algorithm, PoST, is more energy-efficient than other algorithms like PoW, which is essential for reducing the environmental impact of the network.
  • Disadvantages: There is only one disadvantage of Solana - as it’s a relatively new blockchain platform, which means that there is still a lack of developer tools and resources compared to more established platforms like Ethereum. Additionally, Solana's PoST consensus algorithm is still untested at a large scale and its long term success is uncertain.

Use Cases of Solana

Solana has a wide range of potential use cases, from decentralized finance (DeFi) to gaming and prediction markets.

In the DeFi space, Solana has become an important player, with several projects building on the Solana blockchain. Some of the popular DeFi projects on Solana include Serum, a decentralized exchange (DEX) built on Solana, and Jupiter Aggregator, a swap aggregator and infrastructure for Solana.

Solana's high performance and low latency also make it well-suited for gaming and other high-throughput applications. The Solana blockchain has already been used to launch a number of games, including STEPN, a run-to-earn game.

Additionally, many projects are being built on Solana for other industries such as real estate, identity verification, supply chain management, logistics, and many more.

Is Solana (SOL) Crypto a Good Investment?

Like any investment, the value of Solana (SOL) can be highly volatile and is subject to market conditions. Some experts have highlighted Solana's high scalability, low fees and energy efficiency as factors that could drive its crypto future growth. However, it's important to do your own research and consider your own risk tolerance before making any investment decisions.

How to Buy Solana Crypto?

Solana can be purchased on a variety of cryptocurrency exchanges such as Binance, Serum, and Bitmax. To purchase Solana, you will first need to set up a digital wallet that supports Solana, such as a Ledger hardware wallet. Once you have a wallet, you can deposit funds onto the exchange and then use those funds to purchase Solana.

The Future of Solana(SOL)

The future of Solana (SOL) is highly dependent on the continued development and adoption of the Solana platform. As more developers and users become attracted to the platform's high scalability and low fees, Solana's value could continue to grow. Additionally, Solana's PoST consensus algorithm is still untested at a large scale, and its long term success is uncertain.

In conclusion Solana has a lot of potential and it has been on a steady rise but still a lot of uncertainty in the long term. It's important to do your own research and consider your own risk tolerance before making any investment.

Conclusion

Solana is a high-performance blockchain platform that is well-suited for a wide range of decentralized applications. Its unique consensus algorithm, "Proof of Stake Time" (PoST), enables the network to process large numbers of transactions per second, with low latency and low fees. The Solana network is also highly decentralized, providing security and integrity for the network. With its growing community of developers and users, Solana is well-positioned to become a major player in the blockchain space

Crypto Basics

What is Polygon (MATIC) - How it Works, Benefits and Use Cases

Token Metrics Team
7 minutes
MIN

Polygon (formerly known as Matic Network) is a protocol for building and connecting Ethereum-compatible blockchain networks. It is designed to provide faster and cheaper transactions on the Ethereum network by using side chains and an adapted version of the Plasma framework.

It also offers a wide range of:

  • Smart contract solutions 
  • Secure identity solutions, and 
  • Wallet solutions. 

History of Polygon (MATIC) Crypto

The history of Polygon Matic dates back to 2017 when the project was founded by Jaynti Kanani and Sandeep Nailwal. In 2021, the project took up a rebranding and went from Matic Network to Polygon. This was done in the light of reflecting a broader focus on providing infrastructure for a wide range of blockchain use cases.   

With Polygon MATIC, users can easily create and manage their own decentralized applications, securely store and transfer assets, and even trade digital assets. With its powerful features and benefits, Polygon MATIC can be a great tool for you to leverage the power of the blockchain. Find out how it can benefit you in the best ways possible below.

Benefits of Polygon

Polygon MATIC has several benefits that make it a great blockchain solution. Here are a few of its top benefits that you need to be aware of: 

  • Scalability - Polygon MATIC has high scalability and can support millions of users and transactions. It can also scale at a very low cost. This means that it can handle high transaction volumes and can support a large user base.
  • Security - Polygon MATIC is a secure platform with state-of-the-art security features. You can easily secure your data and transactions on the platform through the use of the platform’s security features. 
  • Wide range of services and tools - Polygon MATIC offers a wide range of services and tools that can benefit different types of users. Whether you are a developer, an individual, or a business, Polygon MATIC can help you with your decentralized applications and smart contracts.
  • Cost-effective and scalable solutions - With Polygon MATIC, you can easily and cost-effectively deploy various decentralized applications. It also offers scalable solutions that can grow and evolve with your business.

Polygon Use Cases

  • E-commerce and Online Retail - The Polygon MATIC blockchain can help improve e-commerce and online retail. This is because distributed ledger technology can significantly reduce the cost of transactions and make it easier for businesses to manage their supply chain. 
  • Supply chain management - The Polygon MATIC blockchain can also help in supply chain management. It can help track shipments and provide transparency and security across the supply chain.
  • Gaming - The Polygon MATIC blockchain can help improve gaming through tokenization. It can also help gamers exchange their digital assets.
  • Healthcare - The Polygon MATIC blockchain can help in healthcare by enabling secure and immutable record storage. It can also help in improving the efficiency of health-related apps and services.
  • ICO and Crowdfunding - The Polygon MATIC blockchain can help improve the ICO and crowdfunding experience. It can also help in improving the tokenization process and provide transparency.

Polygon Security Features

The Polygon MATIC blockchain is a secure and reliable blockchain solution. It uses a distributed ledger technology that is decentralized and peer-to-peer. This means that there is no single point of failure and it is not controlled by a single entity. This makes it secure and reliable. When it comes to security, the Polygon MATIC blockchain has many features. 

Some of these features are discussed below

  • Advanced consensus algorithms - The Polygon MATIC blockchain uses advanced consensus algorithms to verify transactions. This makes it secure and reliable. These algorithms include PBFT (Practical Byzantine Fault Tolerance), VRF (Variable Resonance), and EOS consensus. 
  • Strong authentication method - The Polygon MATIC blockchain has a strong authentication method that makes it difficult to hack or spoof. Even if someone is able to hack into the network, they can only hack a single node and not the entire network. 
  • Encrypted communication - The communication between the nodes on the Polygon MATIC blockchain is encrypted. This makes it difficult to hack or spoof.

Polygon (MATIC) Cost

The cost of using Polygon MATIC will depend on your usage. The more you use the platform, the higher the cost will be. You can also choose to outsource your needs and use Polygon MATIC as a service. 

Here are a few things you should know about the Polygon MATIC cost: 

  • The cost of using the Polygon MATIC blockchain platform for deploying DApps is $1499.
  • The cost of deploying a smart contract is $599. 
  • The cost of deploying wallets is $499. 
  • The cost of deploying an identity and security solution is $1199. 
  • The cost of deploying a trading platform is $1499.

Note: These prices may have changed due to change in MATIC's price.

These are the costs of using Polygon MATIC as a service. For more details on the cost, visit their website.

Polygon Crypto Alternatives

  • Ethereum - Ethereum is a popular blockchain platform used for developing decentralized applications and smart contracts. It is also used for ICOs and crowdfunding. 
  • Hyperledger - Hyperledger is another popular blockchain platform used for developing decentralized applications and smart contracts.
  • EOS - EOS is also a blockchain platform used for developing decentralized applications and smart contracts. 
  • Cardano - Cardano is a scalable blockchain platform that can support large volumes of transactions.

Is Polygon (MATIC) a Good Investment?

As for whether Polygon is a good investment, it's important to remember that the cryptocurrency market is highly volatile and that investing in any cryptocurrency carries a high level of risk. It's important to do your own research and carefully consider your investment options before making any decisions.

How to Buy Polygon (MATIC) Crypto?

If you're interested in buying MATIC, you can do so on a number of cryptocurrency exchanges that offer it. Some popular options include Binance, Coinbase, and Kraken. Be sure to carefully compare the fees and features of different exchanges before choosing one to use. Below are the 5 simple steps that you can follow to get your own Polygon:

  1. Choose a Crypto Exchange Broker 
  2. Create your account (Crypto Wallet)
  3. Link your Bank Account to your wallet 
  4. Pick the Cryptocurrency you want to invest in
  5. Choose your storage method

Great, but, do we know where Polygon is headed in the future?  

Future of Polygon (MATIC)

It's difficult to predict the future of Polygon with certainty, but the project has gained significant traction in the cryptocurrency community and has the potential to continue growing and gaining adoption in the future. However, as with any investment, it's important to be aware of the risks and to carefully consider your options before making any decisions.

The Bottom Line

Token Metrics is happy to provide you with AI-driven market updates and information regarding the crypto world but it is you who needs to be the decision maker when it comes to your crypto investments. 

Polygon (formerly Matic Network) offers innovative technology that could potentially democratize blockchain through the creation of customized, interoperable networks. While it's difficult to predict the future performance of MATIC, the project has a strong team and partnerships with well-known companies.

However, as with any cryptocurrency investment, there is a high level of risk and it's important to carefully consider all options before making any decisions. Blockchain technology is still in its early stages and it may be more profitable to invest in the technology itself rather than just the hype. It's also important to exercise caution when building a cryptocurrency portfolio.

Disclaimer: The information provided on this website does not constitute  investment/trading/financial advice and you should not treat any of the website’s content as such. Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.  We only offer comprehensive information which may change according to time. 

Research

10 Best Indicators for Crypto Trading and Analysis in 2024

Token Metrics Team
6 minutes
MIN

Your search for best crypto indicators to trade ends here. But before we start, let's briefly cover the overview of indicators.

Indicators are mathematical calculations based on the price and/or volume of an asset. They can be used to identify trends, measure volatility, and provide signals for trades.

With the help of indicators, traders can:

  • Identify potential entry and exit points
  • Track price movements and 
  • Create custom alerts to act fast

Trading View is one of the most popular platforms that offers a range of charting and analysis tools, or indicators, to help traders gain an edge in the cryptocurrency market.

Whether you are a beginner or an experienced trader, these crypto indicators can help you maximize your profits and minimize your risks.

By taking the time, one can understand how these crypto indicators work, and how you can set up your trading strategies to maximize profits accordingly.

That said, there are hundreds of pre-built indicators available, but sometimes you may want to create your own custom indicator to fit your specific crypto trading strategy.

Trading View Strategies

For Beginners - New crypto traders can benefit from the built-in trading strategies, which are readily available and are designed to help them identify trading opportunities. 

For Experts - Experienced crypto traders can use Trading View to create their own trading strategies and take advantage of market trends on a deeper level.

Here at Token Metrics, we worked hard to create a Trading View Indicator that powers your trading decisions by removing emotions, saving time, and improving risk-adjusted returns.

Top 10 Crypto Trading Indicators for 2024

If you are someone looking for the best crypto trading indicators to use this year, we did the research for you.

Here are top crypto indicators you can use today.

1. Moving Averages

A moving average is a simple yet effective indicator that helps smooth out price action by filtering out noise and highlighting the overall trend. There are various types of moving averages, including simple, exponential, and weighted, each with its own characteristics and uses.

This indicator uses the average price of the stock over a specified number of periods. It is an extremely popular technical analysis tool used to identify trend direction and forecast future price movements.

2. Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator that uses the speed and direction of price movements to determine the health of an asset.

3. Bollinger Bands

Bollinger Bands are one of the most trusted indicators used by traders. It is a momentum indicator that uses standard deviation to determine the price trend. The indicator includes two lines: a moving average and a standard deviation band. The moving average line acts as a trend indicator. The standard deviation band acts as a volatility indicator.

4. On-Balance-Volume (OBV)

The OBV is a volume-based indicator that reflects the relationship between price and volume. It can be used to identify buying and selling pressure, as well as potential trend changes. 

5. Ichimoku Cloud

The Ichimoku Cloud, also known as the Ichimoku Kinko Hyo, is a comprehensive technical analysis tool that includes several indicators, such as the kumo (cloud), senkou span (leading span), and kijun sen (baseline). It helps identify trend direction, strength, and potential areas of support and resistance in the market. 

6. Moving Average Convergence Divergence (MACD)

The MACD is a trend-following momentum indicator that uses the difference between two moving averages to identify buying and selling opportunities. It is often used in conjunction with the MACD histogram, which helps visualize the relationship between the MACD line and the signal line.

7. Fibonacci Retracement

Based on the work of Leonardo Fibonacci, the Fibonacci retracement tool is used to identify potential support and resistance levels by plotting horizontal lines at key Fibonacci levels. It is often used in conjunction with trend lines and other technical indicators to confirm trade signals.

8. Stochastic Oscillator

The stochastic oscillator is a momentum indicator that uses the closing price of an asset to identify overbought and oversold conditions. It is often used in conjunction with the moving average to filter out the noise and improve the accuracy of the signal.

9. Aroon Indicator

The Aroon indicator is a trend-following tool that uses the time between the highest high and the lowest low to identify the trend direction and strength. It is often used in conjunction with other technical indicators to confirm trade signals.

10. On-Chain Metrics

On-chain metrics are data points that provide insights into the underlying health and activity of a cryptocurrency or token. Examples of on-chain metrics include network value to transaction ratio (NVT), miners' revenue, daily active addresses and more.

Conclusion:

There are many indicators to help you make more money when trading cryptocurrencies. But to be certain of the price movement of an asset, is is advised to use multiple indicators to find if they're all hinting at the same outcome.

This is why we worked hard to create our own Token Metrics Trading View Indicator that takes into account multiple factors to minimze risks and maximize potential returns.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Research

12 Best Cryptocurrency APIs - Real-time Prices, On-Chain Crypto Data, AI Crypto Trading Signals

Token Metrics Team
8 minutes
MIN

Cryptocurrencies have revolutionized the way people make payments and investments. With the rise of digital assets, Cryptocurrency APIs have become essential tools for developers to build applications that can interact with the blockchain. An API allows you to connect to a third-party service and retrieve or submit data in a standardized format to a website or application.

Token Metrics Crypto API is the best cryptocurrency API currently available. Use Token Metrics crypto API for real-time prices, on-chain data, and AI crypto trading signals from one powerful crypto API. This crypto API is built for speed and accuracy to help you trade smarter instantly.We will look into the features and advantages, discuss the different types of APIs, and learn how to use them to create powerful applications. We will also cover the pros and cons of using these APIs, and provide examples of how they can be used. Last but not least, we will discuss the pricing of these APIs and provide some best practices for using them.

Introduction to Crypto APIs

Cryptocurrency APIs are Application Programming Interfaces (APIs) that allow developers to access and integrate cryptocurrency data into their applications. APIs provide access to a variety of data such as prices, transactions, and blockchains. With the help of these APIs, developers can create powerful applications that can interact with the crypto world.

Benefits of Using Crypto APIs

The most obvious benefit of using cryptocurrency APIs is that they provide access to a wealth of data that can be used to build powerful applications. The APIs provide access to real-time data. This data can be used to create applications that can monitor the market, track transactions, and even make predictions about the future of the crypto world.

Another benefit of using cryptocurrency APIs is that they are easy to use and provide a consistent and reliable source of data. The APIs are designed to be user friendly, so developers don’t have to worry about getting bogged down in technical details. The APIs also provide reliable, up-to-date data that can be used to create accurate and reliable applications.

Cryptocurrency APIs can also save developers a lot of time and effort. Instead of having to manually gather data, developers can simply use the APIs and get the data they need. This can save developers a lot of time and effort, allowing them to focus on other aspects of their applications.

Types of Cryptocurrency APIs

There are a variety of cryptocurrency APIs available, each with its own set of features and advantages. The most common types of APIs are:

  • Price APIs provide access to real-time price data for a variety of cryptocurrencies. These APIs can be used to monitor the market and make predictions about the future of the crypto world.
  • Transaction APIs provide access to data about transactions that have occurred in the blockchain. This data can be used to track transactions and determine the current state of the blockchain.
  • Blockchain APIs provide access to the blockchain itself. These APIs are used to interact directly with the blockchain, allowing developers to create applications that can interact with the blockchain.

List of 12 Best Cryptocurrency APIs You Can Count On

Now that we’ve discussed the benefits and types of crypto APIs, let’s look at the best APIs to get crypto data today.

1. Token Metrics: Token Metrics crypto API offers  real-time prices, on-chain data, and AI trading signals from one powerful crypto API.  It is the best crypto API built for speed and accuracy to help you trade smarter instantly. Token Metrics is an AI driven platform which enables its users research thousands of cryptocurrencies in an automated way, without manually going through coins individually. Use Token Metrics crypto API for fast and most accurate crypto data.

What’s inside the $TMAI API?

AI-Powered Trading Signals – Bullish and bearish calls backed by over 80 data points
Real-Time Grades – Instantly assess token momentum with Trader & Investor Grades
Curated Indices – Plug into ready-to-use crypto portfolios by sector or market cap
Lightning-Fast Performance – Built for bots, dashboards, dApps, and next-gen trading tools

Whether you’re building a DeFi dashboard, an alpha-sniping bot, or your own crypto terminal — this is your edge.

Price: Free

2. CoinMarketCapCoinMarketCap offers one of the most popular APIs for retrieving real-time cryptocurrency market data, including prices, volume, and market capitalization for over 8,000 coins and tokens. It also offers endpoints for historical data and global averages.

Price Range: $0-$700 a month

3. CoinGeckoCoinGecko has an API that provides a comprehensive set of cryptocurrency data, including market data, developer activity, and community metrics for more than 10,000 coins and tokens. API is both paid and free, depending on your needs.

Price Range: Starting from $129 per month

4. CryptoCompare: CryptoCompare offers endpoints for news articles, social media activity, and mining data. It strives to find the best places to store, trade and mine cryptocurrencies.

Price Range: Free

5. BitMEX: BitMEX is a cryptocurrency derivatives exchange that provides access to real-time prices and historical data. Their API provides instant access to a variety of market data such as trading volumes and market caps.

Price & Plans: Custom 

6. CoinDesk: CoinDesk is a platform for media, events, data and indices for the cryptocurrency market. CoinDesk Indices is a product of CoinDesk that offers access to cryptocurrency data with ease.

Price: Free

7. Bitstamp: Bitstamp is a cryptocurrency exchange that provides access to real-time prices and historical data. It provides premium access to crypto trading for both individuals and institutions through high liquidity, reliable order execution and constant uptime. 

Price: 0.50% for those with under $10,000 in 30-day trading volume

8. CoinMarketCal: CoinMarketCal is a database of upcoming events related to cryptocurrencies, allowing you to track things like unlocks, giveaways, and more. Their API can be used to track your favourite coins.

Price: Free

9. Poloniex: Poloniex is a cryptocurrency exchange that provides access to real-time prices and historical data. The API also provides access to a variety of market data such as trading volumes and market caps.

Price: The Maker and Taker fee rates for trading USDT-collateralized perpetual contracts on Poloniex are 0.01% and 0.04% respectively, and the changes apply to all customers regardless of their trade volume.

10. Binance: Binance is one of the largest cryptocurrency exchanges and provides access to a variety of data such as prices, transactions, and blockchains. The API also allows developers to interact with the Binance platform, allowing them to buy, sell, and store cryptocurrencies. 

Price: Free

 11. Kraken: Kraken is a cryptocurrency exchange and also provides access to crypto data such as prices, transactions, and blockchains. Like Binance, their API also allows you to interact with Kraken through code.

Price: 0.2-0.3% of the 30-day trade volume

12. CCXT: CCXT is a library for cryptocurrency trading and e-commerce with support for many bitcoin/ether/altcoin exchange markets and merchant APIs.

Price: $0-$29

Note: The prices are subject to change or may have already changed.

How to Choose the Best Crypto API

Choosing the best cryptocurrency API for your application can be a daunting task. There are a variety of APIs available, each with its own set of features and advantages. So, it’s important to take the time to research the different APIs and determine which one is right for your application.

When choosing a Cryptocurrency API, it’s important to consider the features it provides. 

Here are a few questions you need answers to:

  • Does the API provide access to real-time price data? 
  • Does it provide access to the blockchain? 
  • Does it provide access to a variety of market data? 

It’s also important to consider the pricing of the API. As mentioned above, some APIs are free, while others require a subscription fee. It’s important to consider the cost of the API and make sure it fits within your budget. 

Best Practices for Using Crypto APIs

Using crypto APIs can be a great way to access data and create powerful applications. However, there are a few best practices to keep in mind when using these APIs.

  • The first best practice is to make sure the API is reliable. The API you use should be up-to-date and provide accurate data.
  • The second best practice is to make sure the API is secure. Make sure the API you are using is secure and provides the necessary security measures.
  • The third best practice is to use the API responsibly. This API has to be used responsibly and avoid being abused.
  • Finally, make sure the API is easy to use and quick to understand.

 To explore our FREE Token Metrics crypto API, click here.

Announcements

Introducing Token Metrics Investor Grade

Token Metrics Team
5 minutes
MIN

Token Metrics is proud to launch the "TM Investor Grade" to help investors identify promising long-term investments in the world of cryptocurrency. The grade is comprised of three subsets: 

  • The Fundamental Grade
  • The Technology Grade, and 
  • The Valuation Grade. 

Our statistical analysis and machine learning techniques help calculate these grades. They account for many data points to provide a strong indication of the relative strength of each crypto asset or a project.

The TM Investor Grade is intended for use by investors looking to hold onto investments for a longer period of time, created by combining the Fundamental Grade with the Technology Grade and Valuation Grade.

Fundamental Grade

Fundamental analysis has always been a crucial part of the research process at Token Metrics. Before considering any potential long-term investments, we conduct a thorough fundamental analysis to understand an asset's underlying strengths and weaknesses. Our use of fundamental analysis is how we discovered the promising investment opportunity in Helium back in 2018.

However, manually performing fundamental analysis on every token in the market is not feasible. This is why our research and data science teams automated the process. The result is our Automated Long-term Investor Grade. This grade considers a wide range of data points and applies statistical analysis to provide scores in various categories, including valuation, investors, tokenomics, community, and more. 

Technology Grade

Token Metrics is also known for conducting code reviews on cryptocurrency projects. This is how we discovered that MATIC was a particularly strong project. Similar to fundamental analysis, our blockchain engineers carried out these reviews manually. However, we have now automated the entire process. Using open source data, we are able to provide technology scores for nearly all crypto assets. This is extremely valuable for investors, as it allows them to assess the long-term security and feasibility of different investments. Our technology scoring is based on three main categories: development activity, security and audit, and code quality.

The development activity category takes into account the contributions of the development community and tracks various community metrics. The security and audit category looks at the security of a project and tries to determine its resilience to hacks and other vulnerabilities. The code quality category measures how well the project's code is written, by evaluating the number of bugs and violations it has and how well it adheres to best coding practices and standards.

We are thrilled that our data science team, in collaboration with our engineering team, has been able to use statistical analysis to scale up our powerful technology scoring to cover almost all assets in the market.

Valuation Grade

The valuation grade compares a project's fully diluted value, or FDV, with the average FDV of different sectors that project belongs to.

Consider this example:

  • CRV belongs to sector A and B
  • CRV's FDV = 10
  • Average FDV in sector A = 20
  • Average FDV in sector B = 50

This will show a high valuation grade because the project is undervalued compared to its sectors.

By combining these grades, we get the TM Investor Grade which is much more powerful in determining the strength of the project in the long run.

How To Access

To view the Investor Grade, you can go to the individual token details page. Click on the 'Investor' tab on the left of the screen, and then click on the 'Fundamentals' tab. Then, you will be able to see how the asset is performing in each of the 9 categories we use . All these categories are combined to create the overall Fundamental grade. To generate this grade, we use a wide variety of data sources to gather all the necessary information.

In the same tab, you will find the 'Technology' grade. This grade comprises many different data points. These data points combine into three major categories:

  • Development Activity
  • Security and Audit, and 
  • Code Quality.

You can also access the newly-launched feature on the Rating page by pressing the Investor switch next to Trader. This will help you sort all crypto assets by our Long-term Investor Grade.

If you look at the Ratings page - sorted by Investor Grade in descending order [highest to lowest] - these are assets that Token Metrics believes have strong potential in the future.

The TM Investor Grade is a powerful tool for evaluating the long-term potential of cryptocurrency projects. By considering various data points, including fundamental analysis, technology scoring, and valuation grades, the grade provides a comprehensive assessment of a project's strengths and weaknesses.

The grade updates regularly to reflect changing market conditions, making it an essential tool for anyone looking to invest in the cryptocurrency space.

FAQs

1. How does the Investor Grade differ from the Trader Grade?

The Investor Grade is intended for long-term investing, while the Trader Grade is geared toward short-term trading. The data points used to calculate the Investor Grade differ from those used for the Trader Grade.

2. Which grade should I pay more attention to - the Investor Grade or Trader Grade?

If you are interested in short-term trades based on price action, such as swing or day trades, you should consider the Trader Grade. On the other hand, the Investor Grade is more suitable for customers who want to invest long-term and hold on to their assets for the potential of significant returns or to discover undervalued assets.

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