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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

Mastering REST APIs: Principles, Design, and Best Practices

Token Metrics Team
5
MIN

REST APIs power much of the modern web, mobile apps, and integrations between services. Whether you are building a backend for a product, connecting to external data sources, or composing AI agents that call external endpoints, understanding REST API fundamentals helps you design reliable, maintainable, and performant systems.

What is a REST API and why it matters

Representational State Transfer (REST) is an architectural style that uses simple HTTP verbs to operate on resources identified by URLs. A REST API exposes these resources over HTTP so clients can create, read, update, and delete state in a predictable way. Key benefits include:

  • Stateless interactions that simplify scaling and load balancing.
  • Uniform interface using standard HTTP verbs (GET, POST, PUT/PATCH, DELETE).
  • Human-readable endpoints and predictable behavior for developers and tools.

REST is not a strict protocol; it is a set of constraints that make APIs easier to consume and maintain. Understanding these constraints enables clearer contracts between services and smoother integration with libraries, SDKs, and API gateways.

Core principles and common HTTP methods

Designing a RESTful API starts with resources and consistent use of HTTP semantics. Typical patterns include:

  • Resource-oriented URLs: /users/123/orders/456 rather than RPC-style method names.
  • HTTP methods: GET for reads, POST for creation, PUT/PATCH for updates, DELETE for deletion.
  • Status codes: 200 OK, 201 Created, 204 No Content, 400 Bad Request, 401 Unauthorized, 403 Forbidden, 404 Not Found, 429 Too Many Requests, 500 Server Error.
  • Content negotiation: Use Accept and Content-Type headers (application/json, application/xml) to support clients.

Use idempotency for safety: GET, PUT, and DELETE should be safe to retry without causing unintended side effects. POST is commonly non-idempotent unless an idempotency key is provided.

Design patterns: pagination, filtering, and versioning

As APIs grow, practical patterns help keep them efficient and stable:

  • Pagination: Offer cursor-based or offset-based pagination for collections. Cursor pagination generally performs better at scale.
  • Filtering and sorting: Support query parameters (e.g., ?status=active&sort=-created_at) and document allowed fields.
  • Versioning: Avoid breaking changes by putting versions in the URL (/v1/) or in headers. Maintain clear deprecation policies and migration guides.
  • Hypermedia (HATEOAS): Optionally include links to related resources to help clients discover available actions.

Security, performance, and operational best practices

Security and reliability are essential for production APIs. Consider these practices:

  • Authentication & authorization: Prefer OAuth2, JWTs, or API keys depending on your use case. Use scopes and least-privilege access.
  • Transport security: Enforce TLS for all endpoints and disable deprecated TLS ciphers.
  • Rate limiting and quotas: Protect your backend and provide clear error responses (429) with retry headers.
  • Caching: Use HTTP caching headers (Cache-Control, ETag) and CDN fronting for read-heavy endpoints.
  • Monitoring and observability: Emit structured logs, metrics, and distributed traces so you can diagnose latency, errors, and bottlenecks.

These controls reduce downtime and make integration predictable for client teams and third-party developers.

Testing, documentation, and developer experience

Good testing and clear docs accelerate adoption and reduce bugs:

  • Automated tests: Unit test controllers and routes, and use integration tests against a staging environment or simulated backend.
  • Contract testing: Tools like OpenAPI/Swagger and schema validation ensure clients and servers agree on payloads and types.
  • Interactive docs and SDKs: Provide OpenAPI specs, example curl commands, and autogenerated client libraries for common languages.
  • Postman and CI: Use Postman collections or similar for exploratory testing and include API checks in CI pipelines.

These measures improve developer productivity and reduce the risk of downstream failures when APIs evolve.

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 the difference between REST and RESTful?

REST is the architectural style; RESTful typically describes APIs that follow REST constraints such as statelessness, resource orientation, and use of HTTP verbs. In practice the terms are often used interchangeably.

When should I use PUT vs PATCH?

PUT generally replaces a full resource and is idempotent; PATCH applies partial changes and may not be idempotent unless designed to be. Choose based on whether clients send full or partial resource representations.

How do I choose between URL versioning and header versioning?

URL versioning (/v1/) is simple and visible to clients, while header versioning is cleaner from a URL standpoint but harder for users to discover. Pick a strategy with a clear migration and deprecation plan.

What are common causes of REST API performance issues?

Typical causes include unoptimized database queries, chatty endpoints that require many requests, lack of caching, and large payloads. Use profiling, caching, and pagination to mitigate these issues.

How can REST APIs support AI agents?

AI agents often orchestrate multiple data sources and services via REST APIs. Well-documented, authenticated, and idempotent endpoints make it safer for agents to request data, trigger workflows, and integrate model outputs into applications.

What tools help with API design and documentation?

OpenAPI/Swagger, Postman, Redoc, and API gateways (e.g., Kong, Apigee) are common. They help standardize schemas, run automated tests, and generate SDKs for multiple languages.

Disclaimer

This article is educational and informational only. It does not constitute professional advice. Evaluate technical choices and platforms based on your project requirements and security needs.

Research

Mastering REST APIs: Design, Security, and Performance

Token Metrics Team
4
MIN

REST APIs are the connective tissue of modern software: from mobile apps to cloud services, they standardize how systems share data. This guide breaks down practical design patterns, security considerations, performance tuning, and testing strategies to help engineers build reliable, maintainable RESTful services.

API Design Principles

Good REST API design balances consistency, discoverability, and simplicity. Start with clear resource modeling — treat nouns as endpoints (e.g., /users, /orders) and use HTTP methods semantically: GET for retrieval, POST for creation, PUT/PATCH for updates, and DELETE for removals. Design predictable URIs, favor plural resource names, and use nested resources sparingly when relationships matter.

Other patterns to consider:

  • Use query parameters for filtering, sorting, and pagination (e.g., ?limit=50&offset=100&sort=-created_at).
  • Return consistent response shapes and error formats. Standardize on JSON with a clear schema and status codes.
  • Document your API with OpenAPI (formerly Swagger) to enable auto-generated docs, client SDKs, and validation.

Authentication & Security

Security is foundational. Choose an authentication model that matches your use case: token-based (OAuth 2.0, JWT) is common for user-facing APIs, while mutual TLS or API keys may suit machine-to-machine communication. Regardless of choice, follow these practices:

  • Enforce HTTPS everywhere to protect data-in-transit.
  • Implement short-lived tokens plus refresh mechanisms to reduce exposure from leaked credentials.
  • Validate and sanitize all inputs to prevent injection attacks; use rate limiting and quotas to mitigate abuse.
  • Log access events and monitor for anomalous patterns; retain minimal PII and follow data privacy standards.

Designate clear error codes and messages that avoid leaking sensitive information. Security reviews and threat modeling are essential parts of API lifecycle management.

Performance, Scalability & Reliability

Performance and scalability decisions often shape architecture. Key levers include caching, pagination, and efficient data modeling:

  • Use HTTP caching headers (ETag, Cache-Control) to reduce unnecessary payloads.
  • Offload heavy queries with background processing and asynchronous endpoints when appropriate.
  • Implement pagination for endpoints that return large collections; prefer cursor-based pagination for stable ordering.
  • Apply rate limiting and backpressure strategies at the edge to protect downstream systems.

Leverage observability: instrument APIs with metrics (latency, error rates, throughput), distributed tracing, and structured logs. These signals help locate bottlenecks and inform capacity planning. In distributed deployments, design for graceful degradation and retries with exponential backoff to improve resilience.

Testing, Versioning, and Tooling

Robust testing and tooling accelerate safe iteration. Adopt automated tests at multiple levels: unit tests for handlers, integration tests against staging environments, and contract tests to ensure backward compatibility. Use API mocking to validate client behavior early in development.

Versioning strategy matters: embed version in the URL (e.g., /v1/users) or the Accept header. Aim for backwards-compatible changes when possible; when breaking changes are unavoidable, document migration paths.

AI-enhanced tools can assist with schema discovery, test generation, and traffic analysis. For example, Token Metrics and similar platforms illustrate how analytics and automated signals can surface usage patterns and anomalies in request volumes — useful inputs when tuning rate limits or prioritizing endpoints for optimization.

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 a REST API?

A REST API (Representational State Transfer) is an architectural style for networked applications that uses stateless HTTP requests to manipulate resources represented by URLs and standard methods.

FAQ: How do I secure my REST API?

Secure your API by enforcing HTTPS, using robust authentication (OAuth 2.0, short-lived tokens), validating inputs, applying rate limits, and monitoring access logs for anomalies.

FAQ: When should I use POST vs PUT vs PATCH?

Use POST to create resources, PUT to replace a resource entirely, and PATCH to apply partial updates. Choose semantics that align with client expectations and document them clearly.

FAQ: How do I handle versioning?

Common approaches include URL versioning (/v1/...), header versioning (Accept header), or content negotiation. Prefer backward-compatible changes; when breaking changes are required, communicate deprecation timelines.

FAQ: What are best practices for error handling?

Return appropriate HTTP status codes, provide consistent error bodies with machine-readable codes and human-readable messages, and avoid exposing sensitive internals. Include correlation IDs to aid debugging.

FAQ: How can I test and monitor a production REST API?

Use synthetic monitoring, real-user metrics, health checks, distributed tracing, and automated alerting. Combine unit/integration tests with contract tests and post-deployment smoke checks.

Disclaimer

This article is educational and technical in nature. It does not provide financial, legal, or investment advice. Implementation choices depend on your specific context; consult qualified professionals for regulatory or security-sensitive decisions.

Research

Understanding REST APIs: Architecture, Security & Best Practices

Token Metrics Team
5
MIN

REST APIs power modern web services by defining a simple, uniform way to access and manipulate resources over HTTP. Whether you are designing an internal microservice, integrating third-party data, or building AI agents that call services programmatically, understanding REST API principles helps you build reliable, maintainable systems. This guide breaks down core concepts, design trade-offs, security controls, and practical patterns you can apply when evaluating or implementing RESTful interfaces.

What is a REST API and when to use it

REST (Representational State Transfer) is an architectural style that uses standard HTTP methods to operate on resources identified by URLs. A REST API typically returns structured representations—most commonly JSON—that describe resources such as users, transactions, or telemetry. REST is well suited for:

  • Stateless interactions where each request carries all necessary information.
  • CRUD-style access to resources using predictable verbs (GET, POST, PUT, PATCH, DELETE).
  • Public or internal APIs that benefit from caching, composability, and clear URL semantics.

REST is not a silver bullet: systems requiring real-time bidirectional streams, complex RPC semantics, or strict schema contracts may favor WebSockets, gRPC, or GraphQL depending on latency and payload requirements.

Core design principles and endpoint structure

Good REST design emphasizes simplicity, consistency, and discoverability. Key guidelines include:

  • Resource-oriented URLs: Use nouns for endpoints (e.g., /orders, /users/123) and avoid verbs in paths.
  • HTTP method semantics: Map CRUD to GET (read), POST (create), PUT/PATCH (update), DELETE (remove).
  • Use status codes consistently: 2xx for success, 4xx for client errors, 5xx for server errors. Provide machine-readable error bodies.
  • Pagination and filtering: For large collections, design cursor-based or offset pagination and allow filtering/sorting via query parameters.
  • Versioning: Plan for breaking changes via versioning strategies—URI versioning (/v1/...), header-based versioning, or content negotiation.

Consider API discoverability through hypermedia (HATEOAS) if you need clients to navigate available actions dynamically. Otherwise, well-documented OpenAPI (Swagger) specifications are essential for developer experience and tooling.

Security, authentication, and rate limiting

Security is critical for any publicly exposed REST API. Core controls include:

  • Authentication: Use standards like OAuth 2.0 or API keys depending on client types. Prefer token-based flows for third-party access.
  • Authorization: Enforce least privilege: ensure endpoints validate scope and role permissions server-side.
  • Transport security: Enforce TLS for all traffic; redirect HTTP to HTTPS and use strong TLS configurations.
  • Rate limiting and quotas: Protect services from abuse and ensure fair use. Provide informative headers (e.g., X-RateLimit-Remaining).
  • Input validation and output encoding: Defend against injection and serialization vulnerabilities by validating and sanitizing inputs and outputs.

For sensitive domains like crypto data feeds or identity, combine monitoring, anomaly detection, and clear incident response procedures. When aggregating external data, validate provenance and apply freshness checks.

Implementation patterns, testing, and observability

From implementation to production readiness, the following practical steps improve reliability:

  1. Schema-first development: Define OpenAPI/JSON Schema early to generate client/server stubs and ensure consistency.
  2. Automated testing: Implement contract tests, integration tests against staging environments, and fuzz tests for edge cases.
  3. Robust logging and tracing: Emit structured logs and distributed traces that include request IDs, latency, and error context.
  4. Backward compatibility: Adopt non-breaking change policies and use feature flags or deprecation windows for clients.
  5. Monitoring and SLIs: Track latency percentiles, error rates, and throughput. Define SLOs and alert thresholds.

When building data-driven applications or AI agents that call APIs, consider data quality checks and retry/backoff strategies to handle transient failures gracefully. For crypto and market-data integrations, specialized providers can simplify ingestion and normalization; for example, Token Metrics is often used as an analytics layer by teams that need standardized signals and ratings.

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 are the most important HTTP methods to know for REST APIs?

The primary methods are GET (retrieve), POST (create), PUT/PATCH (update), and DELETE (remove). Each has semantic expectations: GET should be safe and idempotent, while POST is typically non-idempotent. Use PATCH for partial updates and PUT for full replacements when appropriate.

How should I version a REST API without breaking clients?

Common strategies include URI versioning (e.g., /v1/resource), header-based versioning, or content negotiation. Regardless of approach, communicate deprecation timelines, provide migration guides, and support old versions during a transition window.

When is REST not the right choice?

REST may be suboptimal for low-latency bidirectional communication (use WebSockets), strict schema contracts and performance-sensitive RPCs (consider gRPC), or when clients need a single call to fetch heterogeneous nested resources (GraphQL can reduce over-/under-fetching).

How do I document and share an API effectively?

Maintain an OpenAPI specification, host interactive docs (Swagger UI, Redoc), and provide example requests, SDKs, and changelogs. Automated validation against the contract helps keep docs and runtime behavior aligned.

What are key observability metrics for REST APIs?

Track latency (P50/P95/P99), request throughput, error rates by endpoint and status code, database or downstream call latencies, and service saturation metrics (CPU, memory, connection counts). Combine logs, traces, and metrics for faster incident response.

Disclaimer

This article is for educational and informational purposes only. It provides technical analysis of REST API design and operational considerations and does not constitute investment, legal, or regulatory advice. Always perform your own due diligence when integrating external services or handling sensitive data.

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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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