Keeping up with the fast paced action of the cryptocurrency world can seem like a daunting task.
In my early days of learning about cryptocurrency and trading, I would dedicate an hour each day to searching for information, reading articles, and watching videos to try to keep up with what is going on in the cryptocurrency market.
That can seem overwhelming at times, especially when other things in life are competing for our time and attention. Tools have been used throughout the ages to make tasks easier for us and require less effort.
Having tools for keeping up with the cryptocurrency market, your portfolio, and all the things related to that has been very fragmented into numerous resources. That is, until now, with the Newscrypto app that allows you to manage all this data from the palm of your hand and take with you wherever you go in your pocket. Below we will take a look at all the great tools housed within one powerful app and why they are important.
The Newscrypto app can be found on the Apple App Store and the Google Play Store.
Once you download the app, you simply create a profile within the app, upload your profile picture, and also save your recovery code the same way you save your seed phrases for your cryptocurrency wallets.
From the main screen in the app you can see your balance, your favorites, and answer questions from the community predictions section. On the bottom of the screen, you have a News button that allows you to scroll through the most recent cryptocurrency related news. Keeping up with what is happening in the market news is crucial to helping you make better trading decisions.
Positive or negative news can impact price movements so it is important to have your finger on the pulse of this. The bottom menu also includes a markets tab, prediction tab, and a profile tab. The markets tab allows you to look up current market information on most of the cryptocurrencies in the market, along with historical data, charts, and even market pairs. Market pairs allows you to find out what exchanges a selected cryptocurrency can be traded on.
This is your best resource for that. Predictions tab allows you to gamify your experience in the app by answering prediction questions and earning points for your answers. Points can be used in several ways within the app, including swapping for NWC tokens and purchasing TA and Fundamental reports.
As you navigate through the app, when you click on the menu in the top right corner, a menu pops out that gives you quick access to the tools mentioned above, plus more.
The Sentiment tab will show you buy and sell sentiment, represented by green and red based on the timeframe you select. The referral tab allows you to copy your referral code and share with friends so that you earn points each time you refer someone to the Newscrypto app.
The Games section gives you two games, Doodle Pump and Newscrypto Slot Machine, where you can earn points while having some fun in the app. Sometimes you need a break from business and these two games give you that opportunity.
The Alerts tab can be a traders best friend as you can set alerts for price, meaning if a certain price is hit for a selected cryptocurrency, you will get an alert.
This can help you identify either a time to buy or a time to sell without having to watch the charts constantly. You can also set alerts for moving averages, which means when price crosses a certain moving average price, you will get an alert.
Moving averages can help to confirm either a trend reversal or a trend continuation depending on price movement in respect to a moving average. Alerts can also be set for Exchange listings of a cryptocurrency and ETH gas fee alerts.
ETH gas fees have been relatively high for those trading on Uniswap and other ETH based decentralized exchanges. Gas fees correlate with network congestion so you can set alerts to find the best time to trade with the lowest available gas fees.
Below the Alerts tab is the Crypto Analysis tab, which gives you access to Technical Analysis Reports and Fundamental Analysis reports. These can be purchased with the points you earn in the app.
These reports help you to better understand how technical analysis and fundamental analysis are used and better equips you to identify how this can impact your future trading.
Tools are vital to enhancing your ability to maximize your profits from investing and trading. Tools allow you to sharpen your skills and at the same time be more efficient in where you focus your energies.
Since most of the world always has their smartphone on them, having the Newscrypto app installed and used daily can be a huge help to you in your journey. But reading this blog is not enough. A mentor of mine says all the time, “To know and not to do, is not to know.” This means you need to not just read this, but download the app, use it and learn from it. Then you must apply those learnings to your investing and trading.
We have a huge opportunity ahead of us with cryptocurrency adoption and Newscrypto has the tools to help you position yourselves in front of this giant wave of adoption that is beginning to grow.
Content written by Blockchain Wayne and NewsCrypto Team
