We came across this fantastic tool this morning called “CryptoMap“.
For those familiar with standard share trading, the big bank’s IRESS platforms generally include a “heat map” for the ASX market, showing the big movers in the market.
This tool is no different, except that it does the same for the entire Cryptocurrency market.
This tool shows you the winners and losers in the past month or 24 hours.
Depending on your trading strategy, you might buy into a rising market (such as $ZEC, Zcash, shown above with a 31.99% hourly gain), or use this as an indicator to sell your holding. On the other side of the flip coin, you might use a similar tactic by buying into a down trending coin such as $NEO.
What’s obviously of most value with this tool is the whole of market view. Coins, ICOs and other tradables which you may have no knowledge, are suddenly highlighted on this heat map based on activity, and you can quickly leverage these movements.