Although you sit in front of your computer or hold your cell phones for hours opening 10 to 15 tabs for the latest news and updates in the Crypto industry, but you still feel like you haven’t covered it all.
I am sure you have experienced it!!
Every day, there are so many updates going on in the Crypto world that it has become very hard to cover them all.
There are plenty of Crypto news sources available in the market and there are multiple apps that aggregate Cryptocurrency news from the market.
on the other hand, It is obvious that several queries might strike your mind, like :
- Are they providing valid news?
- Is there any option to filter out fake news that misdirects investors?
- Do they provide insightful news to make informed buy/sell Crypto decisions?
Personally, I browse multiple websites for different information. I have started building my own list of favorites with maximum time spent reading news and analyzing different coins.
One such platform in my favorite list is CryptoPanic
What is CryptoPanic?
CryptoPanic is a News aggregator platform that helps users and traders understand price movements for the cryptocurrencies they hold or are trading. It is common knowledge that prices change every day for cryptocurrencies and it could take time to understand why they are falling or rising. Indeed, it would take you to for instance carry out research by scrolling through many crypto news sites and/or social media.
CyptoPanic crawls through reliable news websites and other sources like social media (Twitter, Reddit, YouTube etc.)
Their tagline is “If You’re Going To Panic, Panic Early.”
Besides news, you also receive an update on prices for major cryptocurrencies. This shows on the right border of the page. This feature allows you to track news for each of the cryptocurrencies. Thus you can use CryptoPanic to avoid the panic in the general crypto market but also in individual crypto markets and community.
It comes in hardy because news affects cryptocurrency markets as a whole or as individual cryptocurrencies.
“I Got Tired Of Running Around Cryptocurrency News And Subreddits To Understand Why Prices Are Suddenly Skyrocketing Or Falling”,
says the developer of this website.
How CryptoPanic works?
Sections of CryptoPanic
Their website interface divides the screen into two parts. A feed of news from different sources appears on the left side. On the right side, there are details about the news that a user clicks on from the left.
The first section on the website is the news section. Similar to every Aggregator, CryptoPanic crawls through crypto news portals and lists the recently updated news under one section. You can find popular news portals like Cointelegraph, dailyhodl, newsbtc listed here. The News section also allows categorizing news based on recent updated or top news amongst updated ones. I feel this feature to be useful as one can easily search for intended news. It is also possible to sort news items as “All News,” “Trending,” or Positive and Negative. A user can also cycle through the news items by pressing on the J or K keys. A basic write-up about the topic accompanies each of the news items and there is a link to the original source of the news.
With the advent of time, audio and video news have gained popularity. CryptoPanic takes a note of this and the media section lists all the audio/video news for the crypto users. Even podcasts are listed here. The same bifurcation News section follows can be found here.
Then comes the Polls section. All the recent polls can be found here. It is very useful as we understand the crypto sentiment of traders as well as end-users.
CryptoPanic Resources is a catalog of cryptocurrency resources. Users can submit their company resources, discuss crypto projects, etc.
CryptoPanic Portfolio is a crypto performance tracker. One can integrate API of the exchanges to their profile and track each crypto performance.
Develop and Region
The develop section lists resources to develop API, bots or widgets and keep the crypto news at your fingertips.
More about the right section
It also allows a user to log in and vote if the information in any news feed is positive, negative or important to the markets. This means that its users give feedback about the impact of the news feed on the website. Those feeds that score positive votes from most users show as green while those that users deem to have a negative impact will show as red. White is for neutral-impact news.
The right section of the website shows price of top cryptos like BTC, ETH, BCH, etc. It is a useful tool as we get to know the prices of all these cryptos for 1hr, 24 hr and 7 days all in one tab. you can click on each of them to reveal the news relating to that specific crypto chosen.
Also, read on CryptFolio Portfolio Tracking
You can also select the cryptocurrencies for which you want to be receiving news and articles. They are sent to your favorite messaging application. The platform currently supports Telegram, Discord, and Slack.
CryptoPanic provides its users with mobile apps for two of the most popular platforms, Android and iOS.
It is possible to become a CryptoPanic Pro using the premium features of the app. On a premium feature sign up, you have the chance to benefit from future pro features. A premium account with CryptoPanic costs only $9 per month or $99 per year.
Benefits of Pro signup –
- Configure instant alerts for currencies of your high interest and receive news immediately in your email or get notified on mobile.
- Add any custom RSS/Atom feeds, Reddit and Twitter sources.
- Disable/enable any existing default news sources.
- Metadata fields availability in API.
- A PRO badge that appears near username and on your profile showing your support for CryptoPanic.
Pros and Cons
- Saves loads of time scouring sites for news
- Simple user interface
- all relevant news
- since there are all relevant news, many news are double posted by many news sites
- It is a free tool to use, but if you want advanced features like integration of Reddit and Twitter channels and other feeds, you have to opt for its Pro version
Verdict – CryptoPanic Review
CryptoPanic includes a bunch of unique features that make a good option for many serious crypto traders. Although it’s one of the oldest crypto news aggregators in the industry, it has never stopped updating. What’s most attractive is the platform doesn’t limit any basic features. Thus, it doesn’t force users to get the PRO version.