In today’s times, when the generation is so enthusiastic about cryptocurrency trading, traders are looking for options that give them direct access to Blockchains, and Dexscreener is one such platform, helping cryptocurrency traders to analyze the market and keep track to generate updates about the tokens availability. Moreover, it keeps a check on the tokens mentioned on social media, thus enabling traders to find the available tokens in demand and on top of the Dexscreener trending list, allowing them to harness various market opportunities. Irrespective of the objectives such as short-term speculation or investing money for the long term, it offers traders various benefits to flourish in the cryptocurrency market.
Curious to know more about this? Get into this blog to get detailed information about the Dexscreener, its features, benefits, downsides, and much more.
Understanding DEXSCREENER
In the cryptocurrency world, there is an ardent requirement for traders to engage in trading with no backing of any middleman or intermediary, and using Dexscreener allows them to skip the kind of fraudulent activities through direct access and thus garner more profit. DEX is referred to as a decentralized exchange, empowering users to not rely on intermediaries and thus can directly do cryptocurrency trading with each other.
What makes DEXSCREENER Unique:
This platform is equipped with a variety of features that are listed below:
- Filters: By using filters, users look for tokens catering to particular factors such as market cap, liquidity, and token age, among others. Filters can be stepped up through the buttons, available on the right, above the token list, which allows users to do research by focusing on the factors. Besides, it runs most tokens listings on the Solana blockchain, providing users with a simple process to launch new meme tokens.
- Watchlist: Users can add the tokens in which they are interested into the watchlist and moreover, can create many watchlists. To add tokens to the watch list, users are required to enter the Watchlist section and then find the token through the search section, and then tap on the star icon. Besides, they can click on the Watchlist star icon on the panel, located on the right of the chart.
- Alerts and charts: It generates alerts as the current price of a token attains the value users set up and to activate this, users are required to tap on the Alert bell icon, available on the panel to the right of the chart. Additionally, users can work with the price chart of the desired token, one of the exclusive features of the platform.
- Screener: A screener is a popular tool, used in financial markets to make searches and filter various financial assets through analyzing various factors such as price, price changes, or trading volume. Thus, DEX Screener serves as an effective platform, keeps notes, and makes analyses about real-time data on tokens not much known across varied decentralized exchanges (DEX).
- Dexscreener Trending Score: As users open DEX Screener, its homepage will feature tokens that are on trends from the past 6 hours, organizing them through the Dexscreener Trending Score. Platform notes the Dexscreener trending Score by considering market activity and social media platforms, mentioning particular tokens. Talking about the algorithm that runs behind Trending Score, it remains hidden, however, criteria that are utilized can be predicted, which are trading volumes, liquidity, number of transactions, unique holders, user interest in the token on the application, and the official pages of projects, and security aspects of the project.
- Dexscreener icon: The Platform has an icon, showcasing an eagle, symbolizing the vast perspectives, precision, and meticulousness, connecting with the platform’s objectives to analyze and keep a check on decentralized exchanges (DEX) data.
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Maximize the use of DEXSCREENER for Blockchain Trading
Discussing the working process of the platform, tracked blockchains and open resources like CoinGecko are used by it to collect the data, and gather this data gets analyzed to give ranks to tokens. Following this, the list gets prepared and charts get formed. Additionally, Data processing gets done in real-time mechanically, without any mediation of humans.
Beginners who are not familiar with using the platform can delve into the step-by-step process given below:
- First, users are required to visit the official website or, they can use another alternative of installing the Dexscreener app from the app store. For getting more features like setting up a price alert bot, a telegram application can be used.
- Now, on the Dexscreener Trending channel: https://t.me/TrendingOnDS; track the tokens that are on trend. Besides, other official DEX Screener resources exist on the messenger, that can be utilized to remain updated about trends.
Why use DEXSCREENER ?
There are numerous benefits this platform is integrated with, mentioned below:
- Immediate purchase: It allows users to buy their preferred tokens instantly after the launch. Thus, for traders, searching for “Next 100x token”, this platform acts as a useful tool to stay ahead of the game. The value of these assets is not comparable to Bitcoin.
- Effective monitoring: This platform is an invaluable tool for traders to track tokens possessing a high scope of generating profits. Moreover, it keeps an eye on the latest occurrences in the market.
- Tabs creation: Through this platform, tabs can be made and each tab features up to 16 charts. For adding charts, users are required to click on the plus icon.
- Technical Analysis: Users can execute various technical activities such as choosing timeframes and others.
- Market Analysis: For Delevelops, it is a significant platform, examining the market data and doing research around tokens in varied Blockchains.
- Direct Link: It enables traders to not depend upon the intermediaries and gives them direct access to the blockchains, thus ensuring they get the most out of their trading.
- Promotion: For marketers, it’s a beneficial platform to promote crypto projects and maintain the demand for tokens.
HOW DOES DEXSCREENER Generate Revenues?
Here, you can find the earning sources of this platform used to make money:
- Advertisements: Advertising activities are one of the prominent revenue-generating sources of this platform. By Featuring Reviews, crypto casino advertisements, it persuades the target audience of this platform to make purchases by catering to their requirements.
- Launch services: Through the Dexscreener Moonshot token launch services, it gains income.
- Enhance the sales: It increases the sales of packages by enabling users to grow their token’s Trending Score for their token. Besides, it marks the tokens with a lightning bolt to enhance their trustworthiness.
Limitations of DEX SCREENER Platform
No doubt, the platform is highly useful for an extensive range of professionals such as traders, marketers, developers, etc., however, there are some downsides attached to it like, users are not allowed to associate indicators such as Depth of Market, Volume Profile, DOM Levels, Delta, etc, unlike ATAS platform.