The cryptocurrency market is always changing.
It’s a struggle to keep up with the trends when every week or day brings new information and fresh analysis.
In actuality, achieving it right the first time is nearly impossible, but you may boost your chances of success by using the suitable crypto tools.
That’s why, today, I’m going to discuss some of the greatest crypto tools I’ve encountered and how to employ them to their full potential.
The great crypto tool to add to your belt is a couple of Telegram bots specifically the Ether Drops bot and the Token Unlocks bot the Ether Drops bot makes it possible to receive a Telegram message about changes to specific crypto prices when a specific coin token or NFT is sent, when there’s a change in a coin or token’s liquidity whenever a coin or token is being swapped on a Dex and even lets you track specific wallets.
The Ether Drops bot has been around since 2018 and it supports popular EVM chains such as Ethereum, Polygon, Phantom, Arbitram, Avalanche and BSC.
I suspect that the Ether Drops bot will add additional EVM chains as time goes on.
What’s amazing is that the Ether Drops bot has a free version and though there’s a limit to how many items you can track and how many messages you can receive.
For most of you the free version should be more than enough and if it’s not then the annual subscription options are very affordable.
The only downside to Ether Drops Bot is that it can take some time to set up due to all the options it offers.
Luckily Ether Drops published a detailed tutorial on Medium.
It should go without saying that having the ability to closely track whatever coin token wallet or trade you want is very valuable and there’s no limit to what you could do with Ether Drops bot.
I personally use it to keep track of the largest holders of my favorite coins and tokens the whales, if you will this relates to the token unlock spot which lets you see when coins and tokens allocated to investors like early investors and the team are about to vest aka unlock.
This is important because a large unlock almost always results in a lot of cell pressure for that coin or token as insiders sell at a huge profit.
Whereas the Ether Drop bot can take some time to set up, the token unlock spot shouldn’t take more than two seconds to get, sorted that’s because there’s only two options: “unlock info” which lets you see all the coins and tokens the bot supports and “alert” which lets you set alerts for said coins and tokens.
If you’re not a fan of Telegram you can stick to using the Token Unlocks website which also gives more information about tokenomics including the total supply, the circulating supply, what percentage of the total supply is still waiting to be unlocked and when clicking on a coin or token provides even more detailed information about tokenomics, including the initial distribution of the coin or token, the vesting schedule and how much cell pressure the next unlock is going to create for the coin or token based on its current value.
If you scroll down you can even see how much of that coin or token is waiting to vest to specific entities be it early investors the team or the foundation that legally owns the project.
This can help you get a better sense of how much cell pressure could occur when the next unlock comes around.
If you are a fan of Telegram, I strongly suggest using the bots to set alerts for these unlocks.