5 Free Crypto Fundamental Analysis Tools for 2024

Crypto fundamental analysis assesses a digital asset’s intrinsic value by examining external events, financial statements, and industry trends that can influence its future price.

Written by: Anatol Antonovici   |  Updated December 20, 2023

Reviewed by: Mike Martin

Fact checked by: Ryan Grace

crypto chart

To make well-informed investment choices, it’s crucial to utilize cryptocurrency fundamental analysis to gauge market sentiment. Fundamental analysis focuses on the underlying factors impacting the value of a crypto asset, including demand and supply, adoption rate, features, roadmap, regulation, and investor sentiment, among others.

In this article, we explore the top 5 crypto analysis tools for 2024.

Table of Contents

🍒 tasty takeaways

  • Fundamental analysis focuses on the underlying factors impacting the value of a crypto asset, including demand and supply, adoption rate, features, roadmap, regulation, and investor sentiment, among others.

  • The best free crypto analysis tools are 
    • Coinmarketcap 
    • Token Terminal
    • TradingView
    • DappRadar
    • DefiLlama

  • More advanced paid crypto analysis tools include Messari, CryptoQuant, IntoTheBlock, and Glassnode.

Summary

Tools Description
Coinmarketcap Tracks crypto prices, market caps, and volumes.
Token Terminal Provides metrics for blockchain projects.
TradingView Charting tools for crypto analysis.
DappRadar Analyzes decentralized applications.
DefiLlama Data on DeFi projects and protocols.

What Is Fundamental Analysis in Crypto?

Traders and investors typically employ two primary methods for evaluating financial assets: fundamental analysis and technical analysis. 

  • Technical analysis concentrates on price movements and employs intricate indicators like moving averages, the Relative Strength Index (RSI), and the Stochastic Oscillator. 

  • Fundamental analysis seeks to determine an asset’s intrinsic value by examining market sentiment and overall health.

     

These methodologies, long-standing in traditional finance, are equally applicable to digital assets. In conducting fundamental analysis of cryptocurrencies, investors assess whether a crypto’s price is overvalued or undervalued by considering factors such as supply/demand dynamics, adoption rates, regulatory changes, tokenomics, key news updates, and broader macroeconomic events that could influence the crypto market.

🍒 Explore the full list here! 23 Free Crypto Tools

Free Fundamental Analysis Crypto Tools

Several free tools are available to assist in conducting quality fundamental analysis. 

It’s important to mention that top crypto analysis platforms such as Messari, Glassnode, Dune, Nansen, IntoTheBlock, and CryptoQuant offer comprehensive tools. However, this article focuses elsewhere, as their most advanced analytics are primarily behind a paywall. Yet, it’s worth checking out their free indicators, which can be quite helpful.

🍒 5 Best Crypto Portfolio Trackers

That being said, here are the top free crypto analysis tools to watch in 2024:

1. CoinMarketCap

CoinMarketCap is the go-to platform to check the current price of all crypto assets, plus some basic but valuable indicators, such as market capitalization, trading volume, and circulating supply, among others.

By default, the platform ranks cryptocurrencies by market cap, listing the price of each crypto coin and its main indicators on the home page.

Source: CoinMarketCap

By clicking on each coin, you can access a more detailed analysis. This includes:

  • Price chart across various timeframes
  • Market cap dynamics 
  • List of exchanges where the coin is traded.

You’ll also find the latest relevant news, a brief overview of the crypto project, along with several analytical tools such as the number of addresses, the share of whales (large investors), transaction fees, and others. Additionally, there are links to the project’s official website, social media pages, and whitepaper.

Source: CoinMarketCap

2. Token Terminal

Token Terminal is a blockchain data platform that offers key metrics across major chains, including Bitcoin, Ethereum, Avalanche, Solana, Cardano, and others.

There is a search bar at the top of the terminal page where you can type any blockchain or crypto project you’re interested in. This will lead you to a dedicated page that includes a short description of the project on the right side and a list of key metrics, including the price, market cap, trading volume, total value locked (TVL), active users, fees, revenue, and more.