Crypto screener is a robust digital tool assisting both novice and expert crypto traders in evaluating and selecting cryptocurrencies based on varying criteria like market cap, volume, exchange listings, and more. It simplifies the decision-making process and enables efficient trading in the fast-paced crypto market.
Recent data from CoinMarketCap evidences the rapid growth and adoption of the cryptocurrency industry. As of October 2021, there are over 12,000 cryptocurrencies listed, showing the need for tools like crypto screeners to manage and navigate this complex ecosystem effectively.
Background and History
With crypto trading’s genesis following Bitcoin’s launch in 2009, market complexity manifested primarily through the proliferation of blockchain technologies, tokens, and decentralized finance (DeFi) protocols. Handling this increasing complexity necessitated advanced tools, birthing crypto screeners as a significant solution for crypto-related data aggregation and analysis. Initially, these tools were basic with limited features, but they have expanded their functionalities over time, offering a more comprehensive and efficient screening process.
Functionality and Uses
Crypto screener’s primary function is to filter cryptocurrencies based on specific criteria. Traders can set multiple filters relating to performance indicators, price movements, trading volumes, market capitalization, and many other factors. These screeners save time and effort by isolating crypto assets most relevant to the trader’s strategy. They also help users stay updated with trending cryptos, recent listings, exchange platforms updates, and much more.
Impact on Market and Investments
Crypto screeners have transformed the digital asset trading landscape. They provide detailed insights about diverse cryptocurrencies, enabling traders to make data-driven decisions, maximizing their potential returns, mitigating risks, and generating robust investment strategies. Furthermore, with the application of Artificial Intelligence (AI) and Machine Learning (ML) in these tools, predictions and forecasts have become more accurate, influencing the investment activities positively.
Latest Trends: Integration and Automation
The recent trend in crypto screener technology includes further integration with other financial and investment tools and increased automation. Developers are continually innovating and enhancing their offerings for an adaptive, efficient, and intuitive user experience. Now, screeners support automatic alert systems, advanced data visualizations, one-click trading, and more.
Role on MEXC
On the MEXC platform, a crypto screener plays an integral role in aiding traders to refine their investment decisions. Users can manage and track their portfolio, set alerts on price movements, and get real-time updates on cryptocurrencies, thereby facilitating a seamless trading experience.
- Crypto screeners are vital in identifying trending cryptocurrencies.
- They provide detailed insights about different cryptos, driving data-driven decisions.
- Crypto screeners help set alerts on price movements and market updates.
| Year | Number of Cryptos Listed |
|---|---|
| 2017 | 1,335 |
| 2018 | 2,086 |
| 2019 | 2,312 |
| 2020 | 3,887 |
| 2021 | Over 12,000 |
Conclusion
In conclusion, a crypto screener is a game-changer in the dynamic world of crypto trading. This tool upgrades trading by saving time, providing insights, and assisting in decision-making. As cryptocurrencies continue to proliferate, the role of the crypto screener will only grow more crucial, shaping the future of digital asset trading.
Join MEXC and Start Trading Today!
