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How to Become a Cryptocurrency Analyst
If you have a degree in economics, finance or a related field like blockchain technology or cryptocurrency and are looking to venture into a technology-related field, cryptocurrency Analytics may be the right path for you, as it has become important in the field of digital finance.
Over the past two years, cryptocurrencies have become more integrated into the global economy, and this has skyrocketed the demand for qualified analysts who can navigate this complex landscape. These analysts navigate this complex cryptocurrency market using their knowledge of business, finance, or blockchain technology.
To land a role in this field, most companies give priority to candidates with a solid foundation in economics, finance, or blockchain technology. Typically, a bachelor’s degree in one of these fields is required. However, some companies may consider candidates with relevant experience and a different degree, and may offer junior positions to those with advanced education. This means that there is still an opportunity for you to enter the field.
According to Glassdoor, cryptocurrency analysts earn between $112,000 and $205,000 per year. So if you’re interested in building a career in cryptocurrency analytics, this article delves into what the role entails and how you can prepare.
What does a cryptocurrency analyst do?
A cryptocurrency analyst is responsible for examining the cryptocurrency market. They must have a solid understanding of the cryptocurrency market and the ability to use various tools and techniques to make accurate predictions. These analysts work with different data sets to predict future cryptocurrency price movements based on market trends. A cryptocurrency analyst does the following;
- Market analysis: A cryptocurrency analyst constantly monitors market trends, studying price charts, trading volumes, and other key indicators. They carefully examine historical data and current market conditions to identify patterns and predict future movements. This meticulous analysis helps them understand the factors that drive the market, such as supply and demand dynamics, investor sentiment, and macroeconomic events.