Cryptocurrency Tools: CoinMetrics

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The cryptocurrency markets move in vastly different ways every day, and it’s becoming more and more difficult to predict which way it’ll go, especially for novice traders. Expert traders already know how to use charts and tools to predict price action.

CoinMetrics presents an alternative – a user-friendly introduction for novice traders into the cryptocurrency world, as well as providing tools useful for experts. CoinMetrics provides crypto financial intelligence, network data, market data, and network risk solutions to the most prestigious institutions touching crypto assets.

The platform has over a decade of charted data and hundreds of metrics transparent to everyone.

CoinMetrics has many great features:

The site offers different frequencies, even giving users a timeframe for their metrics down to block-by-block, meaning data is updated once miners confirm a block.

CoinMetrics is also extremely comprehensive, giving access to over 100 assets and 300+ metrics for each one. Users will never miss a change to analyze nearly every important chart. Some of these metrics include market dominance, volatility, market cap, and more. CoinMetrics also has some unique metrics, like:

  • Supply, economic, usage, and miner metrics
  • Novel metrics like free float supply and realized cap
  • Cryptoasset flows metrics using clustered entities, such as exchange and mining pools.

Once a user adds metrics to their charts, the charts can be downloaded in CSV, Excel, or PNG. There are also options to import and export from/to the cloud.

CoinMetrics has a free plan that covers most features. There is a pro plan, but it works quite differently from other services. CoinMetrics generates an API key with access to pro features, and a pricing plan is made depending on your needs. However, the free plan will suit most users.

CoinMetrics has a lot to offer to newcomers and veterans. Due to their unique metrics, there is a lot of potential in analyzing and studying their charts.

CoinMetrics Pros

  • A huge number of metrics
  • Simple to use with a great UI
  • Beginner-friendly

CoinMetrics Cons

  • Can’t edit charts beyond adding metrics
  • No social metrics which are critical in the cryptocurrency space

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