The internet is an abundant place. Every bit of information you need as far as a mouse click or a tap on the screen of your device. It’s the biggest library that has ever existed with more rooms than you can count. If you are wise enough, you’ll go to the ones where you can learn something.
Today BOI is going to talk about a place online where you can get all the latest information about any cryptocurrency in the market, and it’s called CoinMarketCap.
CoinMarketCap is the most popular website when it comes to cryptocurrency market data. Right now, there are more than 5000 different cryptos on the page. 5000! It’s a huge number if we compare them with fiat currencies, right?
The reason why this number is so big is because anyone is able to launch their own crypto. Even you and me. BUT the only way our crypto will survive is if it has enough users and if it offers some additional value to the society.
CoinMarketCap is in the 546th place in the Alexa ranking with an average user spending 3 minutes and 39 seconds on the site. It’s not much but it’s enough to check out everything you need.
How to use CoinMarketCap?
All the data you need in one place. You can find all the coins that are in the market and sort them any way you want. Create your own watchlist, use the filters you want and finally get your research done.
By default, you will always see the top 100 cryptocurrencies by market cap which is calculated by multiplying price with the circulating supply of the selected coin.
If you want to know more about what all terms in the chart mean, go to their FAQ page where everything is perfectly explained.
If you want to see more than 100 coins, press view all at the right corner of your screen and you’ll get 200 coins. If you want to see more than 200, scroll to the bottom and press load more.
Each time you will press load more – 200 more coins will load on your screen and you will be able to sort all of them by criteria you select.
If you click on a certain coin, you will see more information about that particular coin (website, block explorer, source code, etc.) and as you see in the gif below, you can add that coin to your personal list.
Creating your list doesn’t require registration of any sort. Your list will be saved in the browser you’re using.
Below you can see the list we made for this post. It includes Bitcoin, Ethereum, Uptrennd, and Hive. We think it’s worth following all of them because these coins have the community that supports them which means these coins are alive and well.
We know that there are many more promising coins but as long as our research is not done, we are not going to make any predictions of what may happen. Even if we do make them, don’t take our word for granted. We’re only sharing our opinion which can always be wrong.
You can also see price and market cap charts of any coin there is. With an option to choose your own time range, you can gain insights you need in order to succeed. No matter what you see on someone else’s posts, it’s always a good idea to check the information out for yourself.
There are always alternatives to things and today we chose CoinGecko as another exceptional tool for us. While it is really similar to CoinMarketCap, there are some differences and additional options you should know about.
What’s different on CoinGecko? First of all, there are data about more than 7000 cryptocurrencies which is a greater number than on CoinMarketCap.
The second difference is the ability to create your own account. It’s actually the only way you can create your own list on CoinGecko. We don’t know many people who are excited about creating new accounts but there must definitely be some who feel better.
Another difference is the ability to see coin prices in other fiat currencies like euros and rubles while on CoinMarketCap it was only dollars and top cryptos.
Like we said earlier, the internet is an abundant place. You can find anything you want to learn about and you can start doing it now. It’s the best way to reach your goals but you already know it.
We are here only to inform you about the endless possibilities and opportunities that arise along the way.
In the next post, we’ll talk more about where to buy your cryptos and why.