Steemit Crypto Academy Contest Season 7 Week 5 - Cryptocurrency Tools

Introduction

It's the 5th week of season 7 of the Steemit engagement challenge. We appreciate you for being part of us from the beginning and here is another time to join us on another great topic as you share with us on crypto tools.

Cryptocurrency Tools

Monitoring the crypto assets' performance in the crypto ecosystem can be extremely hard sometimes in the absence of crypto tools. Users would be limited on the information they get especially if they have based their research on exploring an exchange alone, mostly you would only see the information about assets listed on the platform while others would be missing, in fact, the little you get would be shallow.

That said, users tend to miss some very great opportunities if only a platform with less information has been explored. That's where crypto tools come in, they enable users to weigh the performance of some assets against other thousands, gain insights into the price behavior over time, see important information about projects, new tokens in the ecosystem, and so on.

Some of these tools are CoinMarketCap, CoinGecko, TradingView, and lots more. Most of them have a lot of features that make it easy for users to interact with the crypto ecosystem and also position themselves for better profitability. We know you have favorites and we would like to learn from you while you explore different features of these tools.

What is Expected in the Contest?

• What is your understanding of cryptocurrency tools? Mention some of the tools you know in the crypto ecosystem.

• Which of the tools mentioned above is your favorite and why do you prefer it above others? Include how long you have been using it.

• Prepare a step-by-step guide on how to use your favorite tool in a way that new users can utilize it to have an overview of the market. Do include different features of the tool. (Screenshots required).

• Highlight the advantages of crypto tools. Do you think the tools available at the moment are efficient? Would you like to see another one that serves a different purpose?

Contest Guidelines

• Post your articles in the Steemit Crypto Academy community. The participation time is between Monday, February 6th, 2023, 00:00 UTC to Sunday, February 12th, 2023, 23:59 UTC.

• The article should be at a minimum of 500 words. You can write more. Your article must be free of any form of plagiarism.

• Your article title should be Steemit Crypto Academy Contest / S7W5 - Cryptocurrency Tools. Add the tag #cryptoacademy-s7w5 and other relevant tags.

• Participants must be appropriately following #club5050 or #club75 or #club100.

• Participants must be verified and active users on the platform.

• The community moderators would be leaving quality assessments on your articles and probable upvotes.

• In addition, your article must get at least 10 upvotes and 5 valid comments to count as valid in the contest, so ensure you interact with other users' entries. Do not be involved in vote-buying.

Rewards

• SC01 would be checking on the entire 7 participating communities and upvoting outstanding content. Upvote is not guaranteed for all articles. Kindly take note.

• At the end of the week, we would nominate top 3 users that had performed well in the contest and they would be eligible for votes from SC01/SC02.

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Important Notice: The nomination of the top 3 users in our community is not based on good grades alone, it includes their general engagements (quality and quantity of their interactions with other users' articles) to measure the overall performance. Also note that generally, you can only make one post per day in the Steemit Engagement Challenge.

Conclusion

In conclusion, crypto tools have been part of every crypto enthusiast because you can hardly make anything out of the ecosystem if you have not learned how to use them to maximize profitability. Apart from profitability, they are good for research purposes, as a crypto writer you would find a lot of clues from these tools. Let's hear your side of crypto tools. Good luck.