Cryptocurrency prices are mostly all still plodding along through one of the longest, most frigid crypto winters yet. Crypto winter, as all veterans of the industry or exchange trade in coins know, is when the exchange market is in an extended and severe bear market. It doesn’t have anything to do with whether or not it’s literally winter in your latitudinal hemisphere.
Of course this is hardly the first or last cyclical downturn faced by crypto investors and businesses, though it is one of the most dramatically prolonged and devastating ones. While many coin businesses have gone out of business entirely this year (Press F for respects to $LUNA and $FTT!) or announced massive layoffs, the market isn’t dead and will eventually get around to rebounding whenever the time is right for the market and investors.
If you’re serious at all about trading cryptocurrencies on a regular basis, or investing in digital assets over the long term to hold some of your savings to protect and grow your wealth, using a crypto portfolio tracker is one of the most important things you can do to make your life easier.
If you’re not using one, read on for three reasons why you should get one, and why I recommend Coinstats App as the #1 crypto tracker.
View and Manage All Your Hodlings (and ‘Dry Powder’), All in One Place with A Cryptocurrency Portfolio Tracker
One of the biggest challenges facing beginning crypto investors is how spread out all of the applications, exchanges, and wallets are. They have to keep up with all these different accounts, all the passwords and keys for them, and how much they have in each account.
To do that, medium to long term hodlers and day traders alike have to hunt around everywhere to put their portfolio together, track it, and manage it. A proper portfolio tracker puts all this in one place for them, conveniently and securely, so they don’t waste valuable time, energy, and heartache flying around through multiple browser tabs, their phones, their wallets, and everywhere else to put together real time spot price quotes with their accounts and their plans.
This isn’t just a problem that affects ‘newbs’ either. Veteran crypto traders who were accustomed to checking one platform’s website or app to see their accounts and manage their holdings have found that they don’t carry some of the more exotic (and potentially high-reward along with the high-risk) new tokens out there in the DeFi, metaverse, and play to earn (P2E) spaces. They want to trade between different chain ecosystems to get more ROI.
But it’s a hassle without a good crypto tracker.
Use A Robust Digital Assets Tracker for Real Time Portfolio Tracking, Market Views, And Insights
What’s more— traders who are disorganized without an all-in-one-place portfolio tracking platform are costing themselves dear sums of money as well as time.
With markets as volatile in intraday trading as these, it’s absolutely insane not to get that leg up in the fierce competition for intraday ROI and gains at the one week and one month view. If you’re one of these disorganized day traders, you are leaving money on the table. It just doesn’t make any sense with the bevy of good portfolio trackers there are out there in 2022.
Access Metaverse, DeFi, and NFTs Along with (BTC) All in One Place with The Coinstats Crypto Tracker
While the old standard, durable store-of-value cryptos (like Bitcoin, Litecoin, Dogecoin, BCH, BSV, & etc.) have taken some devastating plunges in spot price at exchange this year, some of the newer decentralized finance products have weathered the winter a little better. Some have even come out on top with strong gains during some of the worst weeks for older coins in 2022.
The ability to quickly make all of those holdings in your portfolio liquid to trade with newer tokens can save you plenty of time if you’re a busy trader, and it can make it easy for you to jump on opportunities to buy or sell and trade your tokens for more gains moving forward.
Best Crypto Portfolio Tracker for 2023
My best recommendation for a good crypto tracker as we head into the new year is Inomma Coinstats App. Is Coinstats Portfolio Tracker worth it?
It’s one of the most comprehensive all in one suites for cryptographic coin traders. The app is highly supported with a very broad and diverse range of integrations. You can connect your Binance, MetaMask, Coinbase, and so many other kinds of accounts and wallets to Coinstats seamlessly and securely. It’s easy and friendly to use, with one dashboard for everything. It’s highly secure with military grade encryption, end-to-end cybersecurity, and advanced industry standards. That makes tracking your portfolio from one dashboard as safe as possible.
On top of all of that, the app’s support for smart contract chains, metaverse, and P2E has given it a reputation as the web’s number one door to DeFi for new and seasoned traders.