Bankless: 5 Tools Worth Exploring to Ride the Meme Wave

“Master Memecoins with 5 Must-Have Crypto Tools”

We are back in the period of soaring bull market.

Token prices can rise rapidly, and trading volume can push the network to its market limit, which is hard to imagine in less optimistic market conditions.

To engage in cryptocurrency trading, whether it is altcoins or meme coins, you must stay ahead of the curve.

Retail investors need to master the right toolkit to find the right tokens at the right time and ensure they don’t miss out on opportunities.

In this article, we will outline 5 essential tools for readers to hunt for tokens.

Table of Contents
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1. Dexscreener
2. Arkham Intelligence
3. Zapper
4. DefiLlama
5. Coinglass

Conclusion

Dexscreener is favored by both newcomers and OGs and has become the platform of choice for hunting altcoins and meme coins.

Dexscreener provides real-time data streams, allowing users to view data charts every five minutes. It can discover just-released meme coins on 30 blockchains and track their dynamics.

In addition, Dexscreener’s iOS and Android applications can activate push notifications based on percentage changes, target prices, or price changes within a set time period. This means you can always stay on top of the market pulse. Whether you want to ride the wave of token issuance on Solana and Ethereum or simply grasp the pulse of DeFi, Dexscreener will be your “lifesaver.”

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Arkham Intelligence reveals the often opaque nature of blockchain transactions, allowing users to glimpse behind the scenes of anonymity.

Arkham has multiple features, allowing users to trade intelligence related to specific wallet addresses, displaying the current/historical holdings and overall profit and loss (PnL) of wallets.

Whether for investment or trading, these tools can help traders compile a list of holders with sufficient and effective information, providing references for token allocation. Like Dexscreener, Arkham also allows users to enable real-time push notifications to update the movements of specific wallets, with push options including Telegram, email, or even Slack (your choice).

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Zapper transforms the blockchain into a social media platform, helping you easily navigate popular DeFi applications and tokens, seasoned DAOs, and NFT collections.

This monitoring can be filtered through networks (such as Base, Arbitrum, ETH) or other limited conditions, including top token holders, recent buy/sell orders, or most profitable traders. This user-friendly interface allows both newcomers and experienced users to track their digital footprints on the network while enabling in-depth exploration, portfolio monitoring, and even asset exchanges or bridging between EVM chains. Additionally, it is a SocialFi platform that allows the creation or entry of token chats.

Overall, Zapper sees the blockchain as a social network (it can be said that it is a social network itself) and presents trending tokens, projects, and NFTs in a familiar and readable format, helping you keep up with its rapid development.

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In the ever-changing realm of DeFi,

DefiLlama

stands out as a tool to track its movements, monitoring the total value locked (TVL) of all DeFi, blockchains, and dApps built on them.

DefiLlama has an easy-to-use database, allowing users to have an overview of the overall DeFi situation, evaluate trends such as stablecoin liquidity and trading volume within specific time periods, and zoom in on specific ecosystems and protocols to analyze trends such as token price-TVl correlations or user growth within specific time periods. It can also track fundraising announcements of new protocols, categorized by type and supporters, helping you identify patterns.

Whether you are analyzing market capacity, exploring protocol revenue, or tracking trends in venture capital, DefiLlama ensures you have the latest and most comprehensive data at your fingertips.

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For those involved in the cryptocurrency derivatives field,

Coinglass

provides indispensable resources.

The platform stands out for its comprehensive data on cryptocurrency derivatives, such as futures trading volume, open interest (both of which are often used to identify market fear or greed), and the highly useful Bitcoin Rainbow Chart.

The Rainbow Chart helps users grasp the market cycle of Bitcoin volatility, gaining insight into whether the flagship cryptocurrency is currently overbought or undersold and what actions should be taken as a result. As shown in the chart above, it also depicts the decreasing volatility of Bitcoin as it matures, giving a sense of where Bitcoin may reach the peak of this cycle on the chart. With Coinglass, you can turn educated guesses into thoughtful decisions.

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In the current bull market, every second and every satoshi is crucial, making these tools not only convenient but also essential.

From Dexscreener’s real-time tracking and Coinglass’ market insights to Arkham’s sharp analysis, DefiLlama’s data aggregation, and Zapper’s familiar format, each tool adds unique functionalities to your cryptocurrency arsenal.

Whether you are a day trader, long-term investor, or somewhere in between, utilizing these tools can mean thriving, not just surviving, in the dynamic world of cryptocurrencies.

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