CoinMarketCap: Cryptocurrency is one of the most trending chapters of the existing times, which is ruling the virtual finance market. This digital currency has given such an ease and convenience to people, that they can now transact funds without touching their bank accounts. Virtual currencies like Bitcoin, Ethereum, Litecoin, and Ripple has taken over the financial markets, and today people are adapted to this technique to send and receive money.
But still, there’s a fluctuation in the cryptocurrency market, i.e. changes in price, market capitalization, volume, etc. So how would you know which cryptocurrency has changed aspects and market rates? This is why platforms like Crypto CoinMarketCap is here to present useful live data at your fingertips.
What exactly is Cryptocurrency and how is it formed?
A cryptocurrency is a form of digital currency, which is designed in an order so that they work as a medium of exchange to secure transactions. In late 2008, Satoshi Nakamoto invented Bitcoin, the first ever cryptocurrency, which he stated as a ‘peer-to-peer electronic cash system’.
“Announcing the first release of Bitcoin, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It’s completely decentralized with no server or central authority. – Satoshi Nakamoto, 09 January 2009, announcing Bitcoin on SourceForge.”
Satoshi’s aim was to develop a decentralized digital cash system, which was even attempted to invent before Bitcoin, but the projects failed. And after seeing all these failed attempts, Satoshi tried building a virtual cash system without a central entity which would work like a peer-to-peer file sharing. Therefore, cryptocurrency came into origination after his successful attempt, in the form of Bitcoin.
What is Crypto CoinMarketCap?
Crypto CoinMarketCap is a platform that tracks the major and popular cryptocurrencies, including Bitcoin, and displays their current values for each coin. It shows the amount of coin which is presently in circulation, their volume, which is being traded in the last 24 hours, their percentage in value in last 24 hours, and the market cap which is the total value of the coins that are in circulation.
Crypto CoinMarketCap updates the site data on regular basis, depending on the feeds they receive from different cryptocurrency exchange sites and the crypto coin entrepreneurs. This is to get the possible accurate data and the correct figures of all times. The movement of the coin price in the graph keeps fluctuating, where you can easily see if the coin is receiving more or less value.
The Crypto CoinMarketCap site consists of four primary navigation panels, which includes Market Cap, Trade Volume, Trending, and Tools. The Market Cap includes the entire list of currencies and the top 100 currencies of the recent times.
It also displays the 24-hour volume currency rankings where you will find the latest ranking of the major cryptocurrencies. Along with, you can find the 24-hour volume exchange rankings with the markets with fees and without fees. Crypto CoinMarketCap supports exchanges like USD, BTC, ETH, AUD, BRL, CAD, CHF, CNY, EUR, GBP, HKD, IDR, INR, JPY, KRW, MXN, RUB, etc.
The site also flashes the biggest gainers and losers, i.e. the coins those are consistently uprising in volumes, price, and percentage. Not only this, you will also find the recently added coins and when they are added. Along with, you will find their Market Cap, Circulating supply, Price, Value, and Percentage.
Crypto CoinMarketCap also offers a number of tools where you can view the graphs and statistics of total market capitalization and the percentage of total market capitalization. You will also find the historical snapshots of the currencies and exchanges, which can be chosen by date or year. The site also offers a currency calculator where you can convert an amount to a different exchange rate. This is indeed a helpful tool for every trader and global finance.
Moreover, Crypto CoinMarketCap offers a cryptocurrency price ticker widget which can be embedded on your blog/website. You can configure it with the cryptocurrency, primary display currency, secondary display currency, primary ticker symbol, rank, market cap, 24h market volume, and currency display.
Why is Crypto CoinMarketCap used?
Being a virtual currency user and trader, you need to stay updated with the current exchange rates. In such a scenario, Crypto CoinMarketCap helps you track the movements of the smaller and bigger cryptocurrencies and check how many coins are mined on a regular basis. You can see the price movement in real-time and analyze them. The homepage of the site provides an overview of the currency data so that you can quickly navigate to the coins of your interest.
Crypto CoinMarketCap is an informative site where you can exchange coins or get tips and advice regarding the coins, and also use the information on third-party sites. The site helps you follow the market trends easily and make predictions on your next investment and gain some profit out of it.
How frequently are the new crypto currencies added?
Crypto CoinMarketCap is an active site that keeps a track of the newly circulated coins every day. The website admin keeps on checking the coins, their values, and other additional information and decides whether to add them or not. Because the coins with lesser value won’t be of any use to people. Generally, CoinMarketCap adds new coins on a weekly basis, meanwhile, the dead coins are removed from the site. In some cases, the currencies are updated more often, but you can expect for any changes in them every week.
Which major currencies are supported by Crypto CoinMarketCap?
Crypto CoinMarketCap is attentive towards the top ranked coins which are greater in value and in more focus to the public. You will find a list of the top 100 currencies in the site where the popular currencies are listed with their data. Few of the major currencies supported by the site are Bitcoin, Ethereum, Ripple, Litecoin, NEM, Dash, Ethereum Classic, IOTA, Monero, Stratis, BitConnect, NEO, BitShares, Zcash, Steem, Waves, Siacoin, Bytecoin, Lisk, Stellar Lumens, Dogecoin, Byteball, Factom, DigiByte, Decred, GameCredits, and lots more.
Crypto CoinMarketCap on your Mobile
Crypto CoinMarketCap is a web platform, but being on the go to a different location, you can access it on your mobile phone also. Though the website does not provide an official app of its own, there are third-party developers who have developed effective apps on the platform. The Crypto CoinMarketCap app for Android shows useful live data for digital currencies directly from CMK. You can access your favorite’s list, price and change rate data of digital coins from CoinMarketCap, prices in USD, BTC, EUR, CNY, GBP, CAD, RUB, HKD, AUD, BRL, CHF, IDR, INR, JPY, KRW, MXN, and sort coins by market cap, name, price, and change.
Another is the Crypto CoinMarketCap for iOS that lets you add your transactions to your real or virtual crypto portfolio and keeps a track of your investments with real-time prices. This app is capable of tracking over 700 coins, which includes Bitcoin, Ethereum, Ripple, Litecoin, Dash, Ethereum Classic, NEM, Monero, Golem, Augur, MaidSafeCoin, Zcash, Stratis, Gnosis, Dogecoin, PIVX and much more.
Crypto CoinMarketCap alternatives
Like Crypto CoinMarketCap, Blockchain is also a leading software platform for virtual currencies that offers the largest production block chain platform in the world. The tool analyzes the digital currencies and provides a simple and secure way to buy and sell them. It lets you store and transact your digital assets. Blockchain comes in the form of a Bitcoin wallet, which is also accessible on Android and iOS devices. You can send or receive Bitcoins instantly with anyone in the world with high security. The app also supports 20+ currency conversion rates and simplified backup and recovery with a 12-word passphrase.
Cesium is an online wallet that lets you explore almost all currencies, along with their additional details and analysis like monetary mass, money share, universal dividend, current growth, general growth, etc. It supports peer-to-peer transactions with your network, letting you secure your account with a protection phrase and a password.
CryptoCompare is an engaging platform where you can discuss and analyze the latest digital currencies and monitor the markets streaming in real-time. Here you can learn about cryptocurrencies, as well as understand the fundamental concepts behind the blockchain. The site supports the most popular coins and exchange in almost all currencies. Not only this, it also supports the popular Bitcoin wallets, mining, and includes coin discussion and exchange forums so that you can connect to other members of the community.
Changelly lets you convert cryptocurrencies at the best rate. It enables you to transfer currencies from one wallet to another in seconds. Changelly works in a fast and efficient way and charges a reasonable fee of 0.5% only. You can make unlimited transactions within the clear interface of the platform.
Coin Simple offers you all the Bitcoin e-commerce capabilities for your business with customer analytics and total control of your funds. The platform benefits you a Bitcoin payment processor and a secure and private wallet. You can make unlimited transactions to your clients and customers and view all invoices at a glance. Coin Simple integrates with existing wallet and accepts Bitcoin like using any other Bitcoin wallet. It gives you full control over your funds and privacy and lets you price your products and services in any currency. Coin Simple also gives you a rich analytics of your payments and invoices to evaluate your profitable business relationships.
Poloniex is a US-based digital asset exchange that provides you maximum security and trading benefits. The platform keeps hackers away and your deposits are stored offline in cold storage. Its auditing programs monitor exchange activity round the clock and block any suspicious activity before it attacks your account.
CoinGecko is similar to Crypto CoinMarketCap instead this platform is in beta. The platform keeps a track on the popular and trending cryptocurrencies and displays their current Market Cap, liquidity, public interest, and other details. Users can also add their favorite coins in case they are not listed on the site.
CoinMarketCap is a legitimate site which is safe for all age groups. It is one among the most used cryptocurrency analytic sites which is used by the global audience to make complete their digital transactions from third-party tools. The site displays the most possible and accurate data and the current values of the digital currencies. Most largely, the traffic comes from the USA, followed by the UK and then the other countries. This site incorporates the latest and trending data and displays the total number of currencies, assets, and markets it comprises of. You can also view the price graph of every single currency and their percentage of fluctuation within the last 24 hours.
People who are new to cryptocurrency or want to learn more about them can see which digital currencies are the best and popular in the market. Moreover, you can learn, which currencies are the best to trade in.
So if you are a keen trader and want to trade your financial assets, then CoinMarketCap is the best platform for you to analyze and track the popular cryptocurrencies.