If you’re a student who wants to learn about crypto, you may struggle to keep up with the field as it grows. Crypto is riddled with slang, acronyms, and unpredictable market movements. But figuring out what the newest trends are can be extremely beneficial, both for your money and for your research and your personal growth. Here are 5 tips for learning about cryptocurrency trends while you’re in school.
1. Follow Reliable Crypto News Sources
Follow popular media sources for crypto news. There are countless crypto news sites, but not all of them are legit. Keep up with reliable sites such as CoinDesk, CoinTelegraph, and Decrypt to receive real-time, independent market news, regulations, and projects. Don’t overwhelm yourself; choose two to three places you visit daily and sign up for email alerts for crypto-related content. This can help you stay on top of important information without having to scroll your feed all the time.
2. Use Social Media to Your Advantage
Twitter, Reddit, and other crypto-related social networks are huge and can keep you updated with what’s going on. Some of the most prominent crypto bloggers share knowledge and perspectives that you can use to make sense of the market. But please do remember that not everything online is accurate, so do your due diligence and research before relying on it.
Here are some tips for using social media to research crypto trends:
- Follow the main influencers and professionals: Search for established crypto experts, developers, analysts, and investors.
- Register on crypto Reddit communities: Reddits like r/CryptoCurrency and r/Bitcoin can provide valuable discussions and up-to-date news.
- Meetups on Telegram or Discord: There are plenty of crypto projects that have communities where you can ask questions and get valuable information.
- Track trending hashtags: This helps you to find hot topics right in your inbox.
- Be wary of hype: Don’t trust every “fact” because there is so much false information on social media.
3. Analyze Historical Data and Market Charts
You need to read history and market analysis to understand the crypto industry. You can also utilize tools like CoinMarketCap and TradingView to monitor price movements, volume, etc. You do not have to be a mathematical whiz, but you can figure out how the market works using data like price movements and market cap movements in the past.
Search for recurrences that indicate larger trends, such as large volume spikes or longer-term increases over months. You can use this kind of analysis to make better decisions on a research project or your investment.
4. Keep Up with Regulatory Changes
The regulation is a key component of the crypto market. National laws are different, and new rules can create market change. Know about crypto regulatory developments, especially in major markets like the U.S., the European Union, and China.
When you are aware of the implications that regulatory changes can have on certain cryptocurrencies or the market as a whole, you will have a better understanding of the risks and rewards. It’s a fun topic to study in academic papers on finance, law, or economics, too. You can also hire Academized, an online college paper writing service, to help with tricky crypto-related assignments. Its experts can deal with any topic you throw at them.
5. Use Crypto Analysis Tools
There are many software applications available to analyze cryptocurrency data and trends. Wallets like Glassnode, Messari, and LunarCRUSH provide access to market activity, on-chain data, and even social media posts about specific coins. As a student, you can utilize these tools to get a better feel for how various variables affect the price of different coins and tokens. Most of these are free, or students get a discounted version, so you don’t have to shell out a ton of cash to get valuable data. Hands-on use of these tools can help you do better research and make your analysis deeper.
Start Small, But Think Big!
As a student, finding out what is happening with crypto may seem overwhelming. Still, with good news sources, social media, data analysis, compliance, and tools, you can learn much without being overwhelmed. Always start small and keep studying, and you’ll never get bored since the crypto world is so dynamic.
