This is a review of Token Metrics – a website with data analytics and metrics for all major cryptocurrencies.
Last month I decided to give Token Metrics a test-run after my friend and fellow influencer BitboyCrypto recommended it to me and I must say, I was a little reserved at first, so here’s my honest review and breakdown of what my experience with this service is so far.
To begin with, let me take you back to March, when Teeka Tiwari, the key analyst of the Palm Beach Group posted his infamous report called “5 Coins to 5 Million” – an email newsletter that came at the hefty cost of $2500 (or $5000 without the discount). In the report, Teeka outlined 5 coins that have the potential to grow exponentially and provided detailed fundamental analysis. He also talked about the technology of these coins but nothing about Technical Analysis or short-term price evaluation. This way, his subscribers were buying from an investment only point of view and none of them is aware of the price levels where they should look into selling. I reported about this and I made a super-popular video too, but that was taken down a week later by his lawyers, who contacted me with a Cease and Desist order straight away.
Fast forward to today and I can proudly say that I am about to review a much better service, one that gives you not only recommended coins to buy, but also an idea when it might be good to sell them too.
Interested? Keep reading.
The service is an all-round crypto analytics data aggregator, with very detailed technical, fundamental and price-based analysis.
For a start, you can see each coin’s summary and you have the option to go into detailed page for each of the categories: Fundamentals, Technology, Technical Analysis, Price Prediction for the month ahead and much more.
Let’s use Chainlink as an example:
Overall Grade is a combination of all three : Fundamentals, Technology and TA.
In Fundamental Analysis you are given an evaluation based on a number of factors including Screening, Scarcity, Market Standing, Development, Liquidity, Marketing, Reputation, Team and Security. There’s a detailed description about each of these and a rating given accordingly.
Technology is where you get details about the project’s tech innovation (if any) and the rating it gets according to factors like: Whitepaper, Resistance to various attacks, Complexity of its architecture, Quality of its code (now here’s a factor that very few of us can judge by ourselves); Usability and Development team also come into the picture.
Technical Analysis is the third component that makes the overall score and here you get a combination of various indicators and charting patterns detailed, with an overall “Bullish” or “Bearish” indication. These indicators include EMAs (9, 20, 50, 100), RSI, MACDs, candlestick formations, Ichimoku, TRIX, SMA and more.
This is a monthly projection and is updated all the time, so this is one that is very useful for picking up the right coins to trade each week or month.
In the next page we get performance metrics where you get to see how it compares to Bitcoin in terms of Investment returns (ROI) for a period of time (typically a year) and this is also a good one to use for the bigger picture, but not the most important tool in my opinion.
What I really liked and found to be the most useful and unique tool they have is “Price Prediction” – their outstanding machine-learning analytics tool that gives you very precise projections of where the price is going in the coming weeks (up to a month ahead).
This is by far the tool that makes everyone excited because it can be used not only for correct buy and sell entries, but also, combined with the other metrics, it gives you a very good idea if a particular coin should be in your portfolio at all or not.
If we use LINK again as an example, we see that the coin has a lot more growth in the near future. What I did, with the help of this tool, is I sold my stash of LINK last week when it topped above $8.30 and just bought it back around $7.20 and in the $7.50 range, seeing that we are heading back toward the $9 price. A trade that made me well-over $2000 in profit so far, so that single trade alone paid off my whole yearly subscription for the service.
As you see, the price prediction line (blue-dotted line) is a complete overlap with the actual price line (the red one) for the duration of this three-month period (since May till Aug) which is really remarkable when I compare it to other services that provide signals or price predctions. This is the power or AI and machine learning, which is the pride and joy of the Token Metrics team, headed by Ian Balina – a crypto investor since 2016 and one who made his millions during the ICO craze of 2017.
Since then Mr. Balina has invested a lot of his money into creating the best analytics platform for crypto and I must say, I am impressed with what’s on offer here with Token Metrics.
The best part is that it’s not just a website, once a member, you also get daily emails (sometimes more than one a day) where you see more coin analysis and market research, you get tips on which coins are really hot right now and professional opinion about their potential and current performance: all of this inclusive in your monthly membership.
About the membership, you have three tiers currently on offer. The most popular one being the investor plan, which is affordable and with most of the tools being accessible. I opted for the Pro plan because I wanted to have all the features unlocked, of course. As I mentioned, I made my money back from that Link trade already, so it’s all worth it in my opinion.
Join Token Metrics with this link and get 10% OFF
Furthermore, you can also get a customised portfolio suggestions based on your own preferences. For this week, I selected coins to be suggested by the following criteria:
Price Projection, Weekly Time Horizon, Trader evaluation (you can opt for Investor instead ad it will change the parameters and suggest different coins) and this is the selection we arrive at:
I have some of these in my portfolio already, so if I don’t really want to use this selection, I can also just go to their ratings page where I see the coins arranged by the Token Metrics Ranking evaluation and from these I would look for the ones that have a “Bullish” outlook to pick the ones I want to trade. I will also check the Price Prediction for each of these coins before I jump into a trade. If the price prediction for the coming weeks is bleak (or down), I wouldn’t bother with that coin and keep searching for a better one. This is ideal for swing trading or even position trading, where you would hold for a few days, weeks or longer, rather than close the trade on the same day, which I do not bother with. I do not have the time to do intra-day trading, so it is not really my style.
All in all, you can guess what I think of this service by now, I am totally sold. Especially after this super-accurate prediction on Link which made me well-over $2000 in pure profit… and that’s only one coin. The power of this tool is absolutely priceless.
I almost forgot to mention that you also get a thorough evaluation on loads of IEOs – for those who are keen to invest in Initial coin offerings, this is another priceless research tool. Each of these projects gets evaluated by the team of experts that Ian has put together and that has been very successful already in the past.
Needless to say that so many people have been jumping into all kinds of shady ICOs or IEOs, it really helps to have a professional research team give you their detailed evaluation of a new project. Like these two for instance, I just picked them by random, to illustrate how you can use this to your best advantage.
With that said, I think it’s pretty clear where I stand with Token Metrics: I just LOVE IT.
While there are many websites that provide data analytics and metrics for the crypto industry, this is by far the most useful one when it comes to choosing what to trade and when to trade.
What I’ve noticed from my conversations with friends and followers, is that most people are not very good at catching the top when it comes to selling their coins. It’s kinda easy to buy low and watch your investment grow as the coins get more popular and boom during a bull market, but if you miss the pumps and don’t take profits when the price is high, you end up losing these profits as the market corrects and prices dive down to previous lows. Such is the nature of this highly volatile crypto market.
As for my own portfolio, I’ve had quite a progress since I started using Token Metrics, which is why I am so confident in making this positive review. You can see what I’m currently trading (this is my altcoin portfolio of course, I hodl Bitcoin long term and it’s in fact 80% of my total portfolio).
What’s the cost?
As you can imagine, an all-round service like this cannot be cheap, but on the plus side, it provides the tools that enable you to make thousands of dollars’ worth in profits, so it easily pays off and if you use it as much as I do, it makes sense to go for the top plan. They have 3 plans in fact: “Hodler”, “Investor” and “Professional”.
The “Hodler” is priced at $29.99 a month (billed annually) or $39.99 (billed monthly) and it comes with a super-cheap trial priced at just $1.99
The second tier, “Investor”, is priced at $74.99 (billed annually) or $99.99 (billed monthly) and there’s a discounted trial at $4.99
The third tier, the one that unlocks all the features, is called “Professional” and would seem a bit pricey at $299.99 a month (billed annually) or $399.99 (billed monthly) and doesn’t have a trial version but it’s really the best one. Although it seems too steep a price, if you’re trading in bigger volumes like myself, this is really the one that gives you the best results, which is why it’s not a cheap one.
If I have to point out any negatives, I can’ think of many, except that as a “Hodler” – the cheapest plan on offer, you really don’t get too many coins and features, so for anyone who isn’t willing to pay the higher price, the service is quite limited. On the plus side though, once you are ready to work with higher amounts and make some serious money, the top two tiers are really going to give you everything you need. You only need one or two good trades and your subscription will be paid off (like mine), so it’s up to you to make this one a success.
Anyone who is still learning TA and doens’t quite now when it’s the time to sell… look no further. This is what you’ve been needing all this time. Grab the opportunity and post a comment, let me know how it goes.
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