How to Locate and Monitor Lucrative Crypto Whales? The Best 6 Blockchain Analysis Tools for Cryptocurrency: #1 ArbitrageScanner.io, #2 Dune, #3 Nansen, #4 Spot on chain, #5 Arkham, #6 Debank
No matter your expertise in the crypto field, this piece provides essential resources:
If you are a novice seeking current information on your preferred projects
A crypto trader in search of analytical tools to identify and execute profitable trades
Or an experienced investor looking for comprehensive analysis to enhance investment decisions
You will receive an introduction to the six finest crypto wallet analysis tools to aid you in navigating the intricate and ever-changing cryptocurrency realm.
Monitoring and searching wallets:
Each blockchain offers a public transaction tracker with search and filtering capabilities. Our focus lies in the ability to track crypto wallets based on their contents’ size. For the ETH blockchain, etherscan.io offers this feature, while other blockchains have their own tracking tools. These explorers can be challenging to interpret, hence the market’s need for user-friendly blockchain analysis tools that streamline the process of finding and comprehending crucial information. This simplification makes any form of research, be it token, smart contract, or blockchain, much more manageable.
By utilizing this method, a Twitter user managed to earn $25 million by monitoring influencers’ wallets.
They observed 14 wallets belonging to prominent individuals, including Vitalik Buterin (Ethereum’s founder), Justin Sun (Trom’s founder), and Arthur Hayes (former Bitmex co-founder), who earned an astounding $11.3 million in a month, translating to an incredible 6915% profit margin.
Today, we will evaluate the key players on five points:
Income potential with the product
Educational resources
Functionality and features
Uniqueness of the earning tools
Pricing
Each criterion will be rated on a 5-point scale, and an average will be calculated to determine the top tool.
ArbitrageScanner.io
Let’s commence with ArbitrageScanner, securing the top spot with an impressive 4.8 rating, showcasing remarkable performance in on-chain analysis.
This tool shines for its advanced wallet analysis features, incorporating AI and arbitrage capabilities, making it invaluable for cryptocurrency users at all levels. It proves ideal for both novices and seasoned traders, offering the ability to:
Arbitrage cryptocurrencies
Analyze/search wallets using ArbitrageScanner tools
Utilize the “Calculate metrics: Winrate, ROI, Volume, and PnL” feature for wallet analysis
A client analyzed transactions from Andre Cronje’s wallet, the successful investor and DeFi blockchain developer, utilizing ArbitrageScanner’s Wallet Analysis tool. By following Andre’s strategy, the client earned a substantial +270% in four months.
Wallet Search by Filters
The platform’s wallet analysis section offers the best functionality for profit-making, enabling users to set filters for any coin and find potential insiders’ wallets.
AI Similar Wallet Search
ArbitrageScanner’s AI Crypto Wallet Screener allows users to search for similar wallets using artificial intelligence, a feature unparalleled in the market.
Profit potential with the product: 5/5
Educational Resources: 5/5
Functionality and Features: 5/5
Uniqueness of the earning tools: 5/5
Price: 4/5
ArbitrageScanner empowers users with detailed wallet analysis, aiding in identifying profitable trading signals and strategies. By leveraging AI algorithms, the platform detects potential insider wallets, enhancing trading efficiency.
Dune Analytics
Securing the second spot with a 4.6 rating, Dune Analytics transforms complex blockchain data into digestible charts and metrics, simplifying analysis and decision-making.
Profit potential with the product: 4/5
Educational Resources: 5/5
Functionality and Features: 5/5
Uniqueness of the earning tools: 5/5
Price: 4/5
Dune Analytics provides users with tools to quickly find answers to unique questions, offering data in raw and decoded forms for personalized analysis.
Nansen
Claiming the third spot with a 4.0 rating, Nansen specializes in blockchain data analytics, enriching network information with data from millions of wallets.
Profit potential with the product: 3/5
Educational Resources: 5/5
Functionality and Features: 5/5
Uniqueness of the earning tools: 5/5
Price: 2/5
Nansen equips users with in-depth analytical tools to track and analyze blockchain activity, aiding in trend identification and informed investment decisions.
Spot on chain
With a score of 3.8, Spot On Chain is an advanced blockchain data analytics platform that combines AI and analytics tools to provide actionable information.
Profit potential with the product: 5/5
Educational Resources: 4/5
Functionality and Features: 4/5
Uniqueness of the earning tools: 3/5
Price: 3/5
Spot On Chain delivers valuable data for informed investment decisions and offers a news feed of blockchain signals for real-time updates.
Arkham and Debank
Both securing a rating of 3.6, Arkham and Debank offer unique tools for analyzing and forecasting the cryptocurrency market.
Profit potential with the product: 3/5
Educational Resources: 2/5
Functionality and Features: 4/5
Uniqueness of the earning tools: 4/5
Price: 5/5
Arkham focuses on security and fraud detection, while Debank enables real-time asset tracking and analysis for informed investment decisions.
In conclusion, blockchain analytics tools can be leveraged to maximize profits by tracking large funds’ wallets and copying successful strategies. These tools cater to beginners and experienced traders alike, offering valuable insights for navigating the cryptocurrency market. We recommend utilizing the tools analyzed in this article, with ArbitrageScanner emerging as the top choice.