The Crypto market is full of potential but also full of risks, with a very high fluctuation of assets, so effective portfolio management will be the key to help you control and optimize profits and minimize risks. In this article, Allinstation will explore the top tools to help you manage your assets safely and effectively, protecting your portfolio from unpredictable fluctuations.
What is a portfolio?
A portfolio, also known as a Portfolio , is a collection of all the assets you are investing in, including real estate, stocks, and Crypto. For Crypto, a portfolio represents groups of assets and allows users to track and manage their growth in the DeFi space. A portfolio is also likened to a “basket of eggs,” in which assets (groups of Token, stablecoins, Non-Fungible Token, etc.) will be selected and stored.
The Crypto market has many coins/ Token, and investors usually choose and filter platform coins such as Layer 1, Layer 2. After identifying potential coins and Capital, investors will buy and store Token in their wallets, this action is called adding assets to the portfolio. Many users choose to store coins directly on the exchange instead of creating a portfolio on the wallet.
Most exchanges are CEX (centralized exchanges), so keeping money like that carries many risks (such as cyber attacks, damage due to security holes, user information leaks). To limit risks and facilitate better asset management, creating a portfolio on supporting applications is a good idea.
Why portfolio management?
The Crypto market, although considered a “fertile Shard ” with many opportunities to make money, also has many potential risks such as being attacked by hackers, revealing passwords or private keys. Most of these risks come from ineffective portfolio management.
Assuming you only buy Bitcoin, management will be simpler because you only need to track the BTC price. But if you own multiple assets such as ETH, Altcoins and participate in DeFi protocols, management will be more complicated because the value of assets is always fluctuating.
Previously, the portfolio mainly revolved around what price to buy the Token and the DCA price, but now the portfolio is more diversified with many factors such as:
- Providing liquidation on which protocol and blockchain? How much profit?
- Lending, collateralizing on which protocol? How much profit?
- What form of stablecoins are there (USDC, Dai, USDT)? On which blockchain?
- Which chain is the Non-Fungible Token on? Which Non-Fungible Token do you own?
Lack of control over your portfolio makes it difficult to achieve long-term success in the Crypto market. Therefore, portfolio monitoring is essential to better control your assets and personal investment information.
5 Crypto Portfolio Management Tools
CoinGecko
CoinGecko is not only a project information update website but also provides a Portfolio feature. To use:
- Register an account at CoinGecko.
- Set up your portfolio by adding Token information, purchase date, purchase price, buy/sell quantity.
- Non-Fungible Token portfolio management.
CoinGecko helps you track your profits/losses and adjust your investment strategy. The Portfolio feature uses the platform's own price database, making it easy to track the growth of assets.
Nansen Portfolio
Nansen Portfolio is a cross-chain dashboard with many features to support asset management across multiple wallets at the same time. This tool supports more than 392 protocols and 36 blockchains such as Ethereum, BNB Chain, Solana, Polygon, Avalanche, Fantom, Arbitrum. Users can track asset indicators such as net worth, total assets, total debt and more. Ape Board also supports Binance wallets, making asset management convenient.
Zapper
Zapper is a DeFi Aggregation Layer that makes it easier for users to interact with DeFi projects. It supports more than 14 EVM blockchains and many different coins/ Token . Zapper allows users to swap, convert and send Token right on the dashboard in addition to managing their wallet portfolio and XEM their assets, bringing more convenience to users. Zapper also provides Non-Fungible Token rewards when users complete tasks on the platform.
DeBank
DeBank is a protocol that provides a comprehensive wallet solution in DeFi with outstanding features such as Dex Aggregator, Data Analysis and Portfolio. DeBank Portfolio helps users manage assets on multiple chains and connect Metamask wallets/convert between multiple accounts flexibly. This tool supports more than 35 blockchains and allows users to customize profiles, track basic indicators such as ID, wallet address ranking and total asset value. Currently, DeBank supports more chains and interacts with more dApps, so all assets on Web3 are aggregated and tracked in 1 app to help users manage assets and portfolios more intuitively.
Zerion
Zerion is a DeFi investment tool in the Web 3 and Non-Fungible Token space, allowing users to track their assets in an overview. Zerion has integrated more than 10 EVM blockchains and many features such as swap, convert. Zerion has also developed a Non-Custodial wallet in its ecosystem, supporting multi-chain transactions and automatically scanning all DEXs to get the best deals.
