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DYOR- Some tools to be considered for new hodlers?

DYOR is the common sentiment shared by nearly everyone here either as a disclaimer or a sincere advise. I’ve just started to get back into the Cryptocurrency world after being in a hiatus since 2017.

These are some of the tools that I use when I’m see a coin being shilled that would help me into making a decision on my bi-monthly DCA/Coins consolidation.

Here’s my bookmark to check what a coin is doing-

1. **Understanding Market Sentiment:** [https://www.tradingview.com/markets/cryptocurrencies/prices-all/](https://www.tradingview.com/markets/cryptocurrencies/prices-all/)
The purpose of understanding market sentiment is understand how the market is either Strongly Selling/Strongly Buying. Some folks find it better to sell when the market is Strongly Buying to fetch a good return on spot trade, but everyone does have their own strategy. I’m keeping tabs on this one just for my amusement and taking notes how the market is reaction during this turbulence period.

2. **Understanding The Job Done (Partial) Through GitHub (Some are outdated)**
[https://www.cryptomiso.com](https://www.cryptomiso.com)
A good project goes a long way, but not all work done are made equal. It’s important to have a project in the works. This is one of the possible indicators you could use to make sure the team you’re hodling for are doing something relevant to their promised road-map. However, it is important to highlight that some information are outdated, and it is best to do your own desktop research and triangulate your findings. Some of the work done on GitHub are not reflected here on CryptoMiso.

3. **Understanding the Hypothetical Situation of (If X Coin is at Y Coin’s Market Cap…)**
[https://thecoinperspective.com/?c=XRP](https://thecoinperspective.com/?c=XRP)
This is suitable to understand the feasibility of a coin reaching X USD in value. The parabolic run certain coins had that saw its value increasing by tenfold or more last year drove the FOMO mentality. However, there are some realistic projects that does not have the branding nor marketing – and this site would help you to evaluate the possibility and scale of a coin based on their key indicators such as market cap, and coins circulations.

4. **Understanding the Whale’s Concentration, and other indicators**
[https://app.intotheblock.com](https://app.intotheblock.com)
Amongst other indicators available on this website, I find the Whale’s concentration to be rather interesting. I was searching for a site that highlighted the ratio of transaction sizes, and this is as close as I could get so far. I am still looking for a site (Paid or Free) that would show the size of transactions through (Big, Median, Small) transaction sizes. There are other indicators that you might find useful here too, I bet.

If there’s other sites/tools that you guys could recommend, would appreciate some input. If there’s a better tool in comparison to what I just outlined, would appreciate comments on those too.



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