Discovering and monitoring profitable crypto whales is essential for anyone involved in the cryptocurrency industry. Whether you’re a beginner seeking information on your favorite projects, a trader looking for analytical tools, or an experienced investor making informed decisions, having access to the right resources is crucial. In this article, we will explore the top six crypto tools for blockchain analytics that can help you navigate the complex world of cryptocurrencies.
Finding and tracking wallets is a fundamental aspect of blockchain analysis. Every blockchain has its own public transaction tracker with search and filtering capabilities. However, these explorers can be difficult to read and understand. That’s why there is a need for convenient blockchain analysis tools that simplify the process of finding and interpreting the right information.
One Twitter user managed to earn an impressive $25 million by tracking the wallets of influencers. By monitoring 14 wallets of famous individuals, including Vitalik Buterin, Justin Sun, and Arthur Hayes, this user achieved a remarkable 6915% profit margin in just one month.
Now, let’s evaluate the top six crypto wallet analysis tools based on five key points:
1. ArbitrageScanner.io: This tool takes the top spot with a high score of 4.8. It offers advanced wallet analysis features with AI and arbitrage capabilities, making it valuable for users of all levels. With ArbitrageScanner, you can arbitrage cryptocurrencies and analyze/search wallets using various tools. It also provides metrics like Winrate, ROI, Volume, and PnL for evaluating wallet strategies.
2. Dune Analytics: With a score of 4.6, Dune Analytics transforms complex blockchain data into easily understandable charts and metrics. It allows users to create their own tables and query for information using SQL. The platform offers extensive tutorials and guides, making it a valuable resource for blockchain analysis.
3. Nansen: Ranking third with a score of 4.0, Nansen specializes in blockchain data analytics and provides users with in-depth analytical tools. It offers analysis of transactions, tokens, NFTs, and stablecoins, helping investors and traders identify trends and make informed decisions. Nansen also allows users to analyze anonymous addresses, offering unique tools for secure wallet movement.
4. Spot on Chain: With a score of 3.8, Spot on Chain combines AI and advanced analytics tools to provide relevant and actionable information. It processes massive amounts of blockchain data quickly and accurately, providing valuable data for investment decisions. The platform offers a news feed of blockchain signals, visualization of multichain tokens, and tracking of smart traders and updated wallets.
5. Arkham: Arkham, with a score of 3.6, is a decentralized platform for analyzing and forecasting the cryptocurrency market. It provides users with a comprehensive toolkit for fundamental, technical, and on-chain analysis. While it focuses on security and detecting fraudulent schemes rather than profiting from wallet tracking, it offers features like blockchain activity visualization, personal wallet tags, token analysis, and more.
6. Debank: Also scoring 3.6, Debank started as a universal tool for tracking crypto network activity. It allows users to check wallet balances, transactions, and NFT presence. Debank has evolved into a social web3 platform that offers asset management, risk analysis, and mobile app functionality. It also introduced DeBank Chain, a second-tier blockchain with lower gas costs and improved asset security.
In conclusion, these six tools offer valuable resources for analyzing and tracking crypto wallets. Whether you’re a beginner or an experienced trader, using these tools can help you make informed investment decisions. Among them, ArbitrageScanner stands out as the top choice. So start exploring these tools and maximize your profit potential in the cryptocurrency market.
