Welcome to my review of TokenMetrics.com where I will review my experience with Token Metrics. I will walk you step by step on my journey through trading and investing in crypto using Token Metrics. Then you can decide if this is the right tool for you to use in your investing/trading strategy. Note, I am not a financial advisor and none of the content on this website is to be used as financial advice.
If you are interested in checking out Token Metrics, but not quite ready to pay for a subscription, there is a FREE option for you to get a taste of the services offered. Follow these instructions below to get setup.
First you will need to create an account here (click here)
Enter your email, create a password, and input your first & last name.
Enter your email, create a password, and input your first & last name.
Next, you will receive a verification email sent to the email you just entered.
In the email, click on "Activate Account"
A window will pop up saying "Activation Successful"
In the email, click on "Activate Account"
A window will pop up saying "Activation Successful"
Click on Login using the email and password you created.
Once you sign in, you will see the site looks blurred out. That is perfectly fine. You will be prompted to "upgrade to see more details." That means you cannot see this information with a FREE account.
Once you sign in, you will see the site looks blurred out. That is perfectly fine. You will be prompted to "upgrade to see more details." That means you cannot see this information with a FREE account.
Congratulations, you have created a FREE account. The information that you can access at this point will be limited, but there are still some very useful tools available to you even without paying.
What will be available with a FREE account?
Tutorials Section:
There is a lot of information in this tutorial section and it's totally free for you to use. Learn a lot about crypto and Token Metrics in this section all for free. Click here to see the Tutorials.
General Overview:
Start with the general overview of the crypto market by checking the overall Crypto Marketcap, 24 hour volume, and Bitcoin dominance percent. (The Bitcoin Dominance is the percent of Bitcoin's market cap in relation to the entire Crypto Marketcap. People look at this indicator when determining if it's better to buy Bitcoin versus an altcoin. It helps investor determine if we're in an altcoin season.)
Portfolio Account tool:
You can use this tool to automatically track your portfolio.
Or you can even use this to track your paper trades and paper crypto. Once you set the coin that you are holding and the date acquired, Token Metrics will continuously track the prices, ROI, and gains. There is also a section for notes. This is very useful to remind yourself of when you want to sell.
Overall Grade: (Best FREE tool available)
Since Token Metrics has so many different indicators, they had to summarize the token into one score to give you a quick snapshot of the coin.
So you can get the overall grade for free when you add coins into your FREE portfolio. Once you have added the coins, you will be able to toggle between "Trader" and "Value Investor."
The Trader number allows you to select "Daily" "Weekly" or "Monthly". These number represents how well the coin is expected to perform in the next day, week or month. You can even use this number for day or swing trading. The higher the Grade percent, the more likely the price is expected to increase in the very near future (day, week, month).
The Value Investor number is the Monthly, Quarterly, or Yearly Value Investor number. This number will give you a good indicator on deciding when you want to buy and hodl for the month, quarter, or year. Let's take Chainlink as an example from the above graph. On a monthly basis, it has a score of 78.6%, which is OK. Then for Chainlink on a Quarterly basis, it has a score of 54.5%, which is Horrible. But the final yearly score is 88.2%, which is good. I read this as the price will spike up in the next month, probably hover around for a few more months, then shoot up throughout the rest of the year. It would be a good idea to check back on your portfolio periodically to see if these numbers change and then you can adjust accordingly.
The percents are graded as follows:
Excellent - 90-100%
Good - 80-89%
Okay - 70-79%
Poor - 60-69%
Horrible - 0-59%
An overall grade between Excellent and Good is what I would be looking for. Anything under that means it is not expected to do well in the short term or long term, depending on which view you are looking at.
Coin Specific Details:
After you have added some coins into your portfolio, it's time to get into some more details. You can open each coin in a new tab, so your portfolio does not go away. (Right click>open link in new window)
If you go to the bottom of this post, you will find the top 100 coins and links to those coins in Token Metrics.
Each coin has 7 tabs of information. Let's take a look at each tab and what information is available to you for FREE.
Summary Tab:
This TAB is a great place to start when you want to learn more about a specific coin. Let's take a look at Uniswap (UNI) as an example.
Price Prediction Tab:
This is by far one of my favorite tools on Token Metrics. It is a 30 day future price prediction. Talk about crystal ball for crypto. Fortunately as a FREE account holder, you can see the exact details on this tool on the Summary Tab. This Price Prediction tool gives you a glimpse of the power of Token Metrics and how it can help you trade/invest in crypto. The dotted line is the future price prediction for the next 30 days. It's not 100% accurate, but a lot of the price predictions for many of the coins are VERY accurate.
Fundamentals, Technology, Technical Analysis Tabs:
The following 3 tabs also have loads of information that you can do a deep dive on. Normally this type of information would take you hours and hours to put together, but Token Metrics very neatly gives you all the data and summarizes each section into a score. So you have one score for Fundamentals, one for Technology, and one for Technical Analysis. For the FREE account, all this information is blurred out. If you are a Fundamental junkie or a TA junkie, these tabs have all the data you need to compare to your own charts or data you can research. For Technical Analysis fans, you can save yourself some time from the charts on TradingView, by taking a quick look at the Token Metrics Technical Analysis score. The overall score comes from data like Oscillators (MACD, RSI, etc etc), EMAs (EMA9, 20, 50, 100, 200), Trends, Candlestick patterns, and much much more. So even if you are not a TA guy, all this data is summarized very nicely for you to make a decision on your trading and investing in crypto.
Performance Metrics Tab:
Under this tab you will find hundreds of metrics, including cumulative returns, volatility, etc etc. Token Metrics has gathered all this data and put it under one tab for you to dive into.
Correlation Tab:
This tab lists all the cryptocurrencies that are closely correlated (that means the price fluctuates closely to the specific coin) versus the coins that are not correlated. The idea is that people normally will have a mixed portfolio between correlated and non-correlated coins. This helps diversify your portfolio in case one coin and related coins go down, the non-correlated coin will hopefully not follow in the same direction as strongly.
Even with a FREE account, Token Metrics is a huge win when it comes to your trading and investing in crypto. Test out the FREE account and see if it's a good fit for you. There are monthly and yearly plans to fit your needs. Take Token Metrics for a test run. If you like what you see, and want to see more. Upgrade your account to one of these plans. Sign up today using this link and get 10% off.
(UPDATE: See how I'm using the Token Metrics monthly index to grow $10,000 into $1,000,000 in about 10 months with minimal work without getting rekt. Follow along on my trades here: $10k to $1Million Challenge.
Token Metrics Coin Ratings: Top 100 Shortcuts