Monitoring cryptocurrencies involves tracking the prices of digital currencies and their fluctuations, as well as analyzing the market and trends. There are many tools and platforms that help monitor cryptocurrencies, such as:

1. CryptoWatch: A platform that provides real-time market data, technical analysis tools, and customizable dashboards.

2. CoinMarketCap: A popular platform that offers data on cryptocurrency prices, trading volume, and market capitalization.

3. CoinGecko: A platform that provides data on cryptocurrency prices, trading volume, and market capitalization, along with technical analysis tools.

1. Mobile applications: Apps like Blockfolio and Delta allow for monitoring cryptocurrency prices and provide alerts when prices change.

2. Dashboards: Customizable dashboards on platforms like CryptoWatch enable real-time monitoring of prices and trends.

3. Technical analysis tools: Tools like charts and technical indicators assist in analyzing trends and predicting future prices.

1. Capitalizing on fluctuations: Monitoring prices and their fluctuations can help take advantage of trading opportunities.

2. Market analysis: Monitoring trends and prices can assist in market analysis and informed investment decisions.

3. Reducing risks: Monitoring prices and their fluctuations can help reduce risks and enhance investment strategies.