Crypto can be a little overwhelming.

Scratch that – crypto can be extremely overwhelming. There’s a lot of information to take in, and with fake news and on-the-take influencers abound, it can be difficult to get a sense of how the market is actually doing and what to base your long-term investment strategy on.

While technical analysis is great for short-term trading, it’s important to be able to get a sense of the direction things are heading in overall. Here are some of the top crypto trends that will allow you to keep your finger on the pulse of the crypto market.

Google Trends

Yale University economists recently published a study stating that cryptocurrency price action was positively correlated with social media and Google search volume. The more mentions on Twitter and search inputs processed by Google, the more public interest there is in a particular cryptocurrency.

You can check Google Trends to get a sense of how often people are searching for the word “Bitcoin”, for example.

Here’s the BTC Google trend chart for the last week:

And the CoinMarket weekly chart with some recent correlation:

You can also check Google search volume on Coin Dance, and even examine the different demographics searching on Google.

Twitter and other Social Media

Bitinfocharts has a comprehensive web activity section for all major cryptocurrencies. You can check BTC-related Tweets per day along with number of Bitcoin subreddit subscribers, GitHub commits, mining difficulty, TX volume, hasrate, and other interesting and relevant stats.

Trade Volume By Exchanges

Trading is the lifeblood of any cryptocurrency, and the daily exchange volume across multiple exchanges is a key piece of information that not only lets you know overall trading activity, but allows you to navigate potentially inflated figures by seeing how BTC is doing on multiple exchanges. Of course, not all trading is done on exchanges!

LocalBitcoins

LocalBitcoins is a service that coordinates people looking to meet up in person and buy or sell BTC. This article gives a great breakdown of LocalBitcoins trading volume by country, giving further insight into where and how BTC is being traded, and among which demographics.

 Lightning Network Progress

BTC supporters and traders would also do well to carefully monitor LN activity to see how the scaling solution is coming along – significant progress could quickly and drastically influence price action.

DApp Radar

Of course, it’s not all about Bitcoin. With the increasing number of decentralized application and smart contract platforms, DApp Radar is a great tool worth keeping an eye on. It allows users to check up on the all-important adoption of decentralized applications by monitoring daily active users, number of new DApps being created, volume, transactions, and more.

DYOR

There are simply too many crypto resources to list, but there are two ways to stay up to date. One is to DYOR – do your own research and keep looking for those hidden gems of information, whether they be a trustworthy influencer, a useful news site, or a statistics aggregator that lets you look under the hood of different cryptocurrencies.

The second way is to keep on reading Crypto Is Coming.

Obviously.

There’s a lot of information to take in out there, but the above resources should be enough to give you a solid insight into the state of the market and make an informed decision when trading. Good luck!