But what sets LUKRUM apart from other applications? The LUKRUM app allows auto-sync with all of the trader’s exchange accounts & blockchain wallets and gives the trader access to real-time prices, the latest market charts, and advanced crypto portfolio analytics based on market benchmarks to help the trader make the right decisions. In addition, it provides powerful, analytical tools for determining the most profitable investment strategies.
Key highlights of LUKRUM include real-time data and portfolio insights based on snapshots, which are extremely valuable to strategies. Unlike many other portfolio apps where trades have to be added in manually, LUKRUM allows the users to manage their cryptocurrency portfolio with all crypto exchanges and wallet assets within one app, replacing the need to track and consolidate trades manually. This provides the single most accurate, automatic cryptocurrency portfolio tracker which works by having the user provide API keys from the exchanges to be imported into the app to allow it to automatically sync up the portfolio. Support covers all major exchanges including Binance, Bitfinex, Bitmex, Bittrex, Cryptopia, HitBTC, Huboi, Kraken, and KuCoin among others.
An innovative feature is the Custom Portfolio Simulator. This allows the users to model a sample portfolio across a number of assets that they may not necessarily hold to track the investment over time and thus test and analyse how a “Custom Portfolio” is doing before actually investing in it. This lends itself well to the Crypto Watchlist feature which allows a user to keep an eye on a number of cryptocurrencies that come with complete listings and global market data. This feature covers real-time changes to over 2000 cryptocurrency coins, with all popular coins being covered thoroughly.
As with any application, a huge dataset gives rise to some interesting potential with performing underlying analytics. Here LUKRUM does not disappoint. Its Advanced Analytics engine allows the users to keep up with their cryptocurrency portfolio value and its performance over time by conducting cross-portfolio analysis to give insights on what strategies were most profitable. Data points such as highs and lows of coins, depth charts, holdings, profits and losses, fee breakdowns and most used exchanges all contribute towards giving the user the power to make such a decision. In conjunction with the analytics element the app also allows for easy benchmarking that analyses a portfolio against a benchmark index to see how the assets in a portfolio compare to market performance.
With the increase in cryptocurrencies and tokens brought along by the ICO booms in recent years and with more tokens on the way in the form of STOs, keeping track of a portfolio has never been more confusing. Yet with apps like LUKRUM, this can become seamlessly simple and secure.