6 Best Crypto Portfolio Trackers to Use in 2022 Managing well your cryptocurrency portfolio is essential for making money in the world of cryptocurrencies. Investors may be able to optimize returns, reduce risks, and remain on top of the unpredictable cryptocurrency market by using a well-managed crypto portfolio.
Investors can utilize a variety of tactics and techniques for managing their cryptocurrency portfolios. These tactics are designed to aid investors in making knowledgeable investing decisions and to make sure they are in a position to take advantage of opportunities and stay clear of potential traps.
Diversification is one of the most important methods for managing a cryptocurrency portfolio. This entails investing in numerous cryptocurrencies as opposed to just one or two.
Investors can spread their risk over a variety of assets and reduce the risk associated to any individual token on their whole portfolio by diversifying. Rebalancing is a vital component of managing a cryptocurrency portfolio. To keep a portfolio's asset mix in line with an investor's investing objectives and risk tolerance, this entails monitoring and making adjustments to it on a regular basis.
So, how can I track my portfolio? There are many tools to do so, we are listing the 7 main ones:
1. Blockfolio: Users of this well-known app can monitor the performance of their bitcoin portfolio in real time and get alerts about changes in the market. Additionally, it provides news and analysis on other cryptocurrencies.
2. CoinTracking: With this in-depth tracker, users may import information from many exchanges and monitor the success of their portfolios across different currencies. Additionally, it provides customers in the US and EU with tax reporting capabilities.
3. CryptoCompare: This website provides news and market analysis along with real-time price tracking for a variety of cryptocurrencies. Additionally, a portfolio tracker is available, allowing users to see their holdings and historical performance.
4. CoinGecko: This website gives in-depth market analysis and real-time price tracking for more than 5,000 cryptocurrencies. Additionally, a portfolio tracker is available, allowing users to see their holdings and historical performance. In addition, it has capabilities for tracking DEX data.
5. CoinTracker: This comprehensive tracker offers tax reporting features for users in the US and EU, as well as real-time price tracking for a variety of cryptocurrencies. Additionally, a portfolio tracker is available, allowing users to see their holdings and historical performance.
6. CoinFolio: This software enables users to receive alerts on market changes and follow the success of their cryptocurrency portfolio in real time. Additionally, it provides a variety of tools and analytics to aid consumers in making wise financial choices.
7. Coin Market Cap: Keeps track on the valuations and prices of different cryptocurrencies. Users may compare and follow the success of various coins thanks to its description of the current situation of the crypto market. CMC is a helpful resource for cryptocurrency lovers and investors to remain up to date with the newest market trends and developments.
