Coinmarketcap: review of the service with useful recommendations

The site, which in RuNet is called CoinMarketCap (from the English Cryptocurrency Market Capitalization), is popular among beginners and experienced users. They offer convenient tools for checking the value of coins and tokens when choosing an investment strategy. Using the information provided, they quickly and profitably carry out exchange and trading operations. It’s especially nice that there is no need to register or pay for the data received. Despite the ease of access, you should carefully study the features of this service to improve the efficiency of work operations.

Step-by-step instructions for beginners: general rules, definitions, settings

Coinmarketcap publishes up-to-date information about the two assets. Coins are Bitcoin (BTC) and other cryptocurrencies. Tokens are derivatives of base coins. They perform more than just basic functions. They are released at the start of a project (ICO) to attract participants as access identifiers. Both funds are suitable for short-term financial investments and long-term investments.

Fig, 1. Main page.

In the main table, cryptocurrencies are initially placed by market capitalization, which is calculated automatically by multiplying the price by the circulating supply. It should be emphasized that this service uses the approximate number of coins available to the owners for evaluation. The value is less compared to the general supply, which contains “frozen” long-term assets. Taking them into account will be erroneous for calculating the current capitalization of a certain cryptocurrency.

Rice. 2. To add an item to the list, you must fill out a special application

At the top of the main page there is general information about the current state of the market. In the example for September 2022 it is noted:

• number of cryptocurrencies/markets – 2003/14247;
• total market capitalization in rub. – 14 254 120 414 018;
• trading volume per day, rub. – 995 175 842 808;
• Bitcoin share,% – 52.1.

In the upper right corner there are settings:

• language interface;
• displaying value in acceptable fiat currency (USD, EUR, RUB, etc.);
• day/night display mode for ease of reading data and reducing eye strain.

Coinmarketcap website interface

How to use CoinMarketCap
The CoinMarketCap service is presented in the form of a fairly simple website with a user-friendly interface that can be understood within a few minutes (provided that the user is familiar with the basics of the cryptocurrency market).

When you first visit the site, the English version is loaded by default, and all exchange rates, trading volumes, capitalization, etc. are displayed in US dollars. Users have the opportunity to change the service language at any time to one of 15 available options, including Russian.

Changing the CoinMarketCap interface language to Russian

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When using CoinMarketCap in Russian, in addition to Russification of the text part of the interface, CoinMarketCap will automatically switch to displaying all financial information in rubles.

If you wish, you can again return the display of the cryptocurrency rate in dollars or choose another more convenient currency from more than 30 options offered by the service.

Changing the currency for displaying financial information on CoinMarketCap

In addition, CoinMarketCap users have the opportunity to influence the visualization of the website by using the “Night Mode” option, the button for which is available next to the drop-down menus for changing the language and currency, as well as in the footer (the block at the bottom of the site). On repeated visits, the service will be displayed taking into account the last settings specified by the user (if the same device and browser are used, in which cookies have not been cleared).

Enabling the night mode of the Coinmarketcap interface

Prices, chat and other services Coinmarketcap

How to use Coinmarketcap is very simple. To go to detailed data, you need to write the name of the cryptocurrency in English in the search box. Automatic correction, as in standard browsers, does not work in this case. Therefore, the Russian font and errors should be excluded.

Rice. 3. Search result for Stellar cryptocurrency

Each item is presented on a separate page. In addition to the full name, the official abbreviation (ХLM) is given. It can be searched on the Internet, on exchanges and in the Coinmarketcap database. It is used in records of completed transactions, in service messages of wallets and specialized service programs, on graphs and charts. The indicated rank (6 in the example) indicates the current position in the ranking by market capitalization.

Rice. 4 The following is a direct link to the official website of the project

This transition will be useful for a detailed study of cryptocurrency. Here you can get acquainted with the development team, their experience and plans. In addition to useful information, they publish links to thematic forums and groups on social networks.

In the “Explorer” section there are transitions to service sites. With their help, you can monitor the status of transactions online. This is necessary when performing transactions with counterparties. In particular, users quickly receive information about the number of confirmations received to complete individual operations.

Rice. 5. Live information from dashboard.stellar.org

The following sections have a message board and chat. The special mark “Coin” indicates that the cryptocurrency belongs to coins.

The central part of the page is reserved for general financial indicators. The cost, market capitalization and sales volume of stellar per day are given in rubles and bitcoins. In brackets there is data on changes in the corresponding rates per day. It is necessary to understand that to prepare digital indicators, only exchange platforms connected to the system and other sources of reliable data are taken into account. In addition to the circulating indicator, the total number of coins is indicated. This proportion matters to miners. Investors take it into account when choosing tokens and promising IPOs.

For your information! For a correct analysis, you should pay attention to the value of coins in relation to fiat currency and BTC at the same time. This solution allows you to adjust the incoming information taking into account general trends in the cryptocurrency market segment.

At the bottom of the page there are the following thematic tabs:

• graphs showing the dynamics of exchange rates over different time periods;
• current information on trading from exchange platforms;
• news from social networks;
• API widgets and tickers;
• averaged (historical) data on cryptocurrency value levels (at the opening and closing of trading, maximum and minimum), information on the achieved market capitalization by date is also provided.

Rice.
6. Additional tools and data In this figure, the following positions are marked with numbers:

1. resources for purchasing cryptocurrency;
2. trading platforms;
3. wallets;
4. generated link for transferring (saving) the page address;
5. a flag button that adds the coin to the permanent watch list;
6. list of related cryptocurrencies.

Coinmarketcap is a platform for tracking prices of crypto assets

What is CoinMarketcap? CoinMarketCap is the most popular resource for tracking cryptocurrency prices. This is a widely known site all over the world, including among Russians.

Coinmarketcap

The goal of the site is to transform cryptocurrency into an accessible and effective currency, which is achieved by providing users with all the necessary information about it. Such information is unbiased, accurate and of high quality. This in turn allows users to draw their own informed conclusions.

The CoinMarketCap platform was founded by Brandon Chez. The resource became available in May 2013. Soon, the web resource became a reliable source of information that allows you to compare thousands of crypto assets. The platform turned out to be accessible to both users and organizations. It is also used by numerous media outlets. These resources are often quoted by major news agencies such as CNBC, Bloomberg and others. These platforms are also used by the US Government.

In the spring of 2022, CoinMarketCap was acquired by Binance Capital Mgmt, a global blockchain company that founded the world's largest digital asset exchange. This exchange is the largest both in terms of trading volume and number of users. Its mission is to make cryptocurrency accessible and systemically important throughout the world. Over 25 products, projects and initiatives are helping to accelerate the global adoption of cryptocurrencies.

Binance

Following its acquisition by Binance, CoinMarketcap's plans include leveraging its parent company's vast resources to gain more granular data on projects and provide the best possible information to hundreds of millions of users. At the same time, this acquisition allows CoinMarketCap to continue operating as an independent company. CoinMarketCap and Binance are separate entities that maintain a strict policy of independence from each other. Although cryptocurrency exchange Binance, as well as its native token BNB, are listed on CoinMarketCap, the companies maintain a strict independence policy. Binance has no relation to CoinMarketCap ratings, in turn, the latter does not influence the activities of Binance.

CoinMarketCap is a platform that adheres to the principles of accuracy, timeliness and impartiality of information. The Company strictly follows and enforces its own independent listing criteria, circulating supply calculation methods, and liquidity assessments when ranking cryptocurrency assets.

Coinmarketcap reaches hundreds of millions of users every year. Reach is not only through the website, but also through the mobile app, blog and social media. CoinMarketCap is represented on social networks such as Twitter, Telegram, Facebook and Instagram. In addition, there is a newsletter and an annual conference.

Official Facebook group

To get a complete understanding of what CoinMarketCap is, you should refer to the official CoinMarketCap resource. There are sections dedicated to cryptocurrencies, exchanges, and non-fungible tokens (NFTs). The portfolio, watch list, calendars and products are also presented here. It is possible to obtain more detailed information, as well as register and log in to the system.

It is important to note that CoinMarketCap provides a wealth of information related to trading on thousands of markets, but the platform does not sell cryptocurrency. The best way to find where to buy is to look in the cryptocurrency markets section. CoinMarketCap and the company's employees do not hold public positions that relate to any particular cryptocurrency asset. They also do not publicly support specific crypto assets or blockchain projects. All crypto assets and projects supported by CoinMarketCap and Binance are not associated with the CoinMarketCap brand or activities.

In order to find answers to frequently asked questions regarding the site, you should refer to the “FAQ” section, which is presented on the web resource.

FAQ section

You must register to access additional features such as watchlist and portfolio tracking. To do this, in turn, you will need to use the appropriate button, after which you will be asked to specify your email address and password. It is important that the password contains at least 8 characters and includes letters and numbers. If you wish, you can subscribe to the daily newsletter, which will be sent to the e-mail specified during registration.

In the future, to enter your personal account, you will need to provide the email address and password that were provided during registration. If necessary, the password can be restored. To do this, you will need to use the “Forgot your password?” link. on the login page and fill in the necessary data to restore access.

Login

To obtain more detailed information directly about the company, you will need to refer to the section of the same name presented on the CoinMarketCap website. General information, terms of use, privacy policy, disclaimer, methodology and vacancies are available here.

If necessary, you can contact the support service, for which a special request form is provided. To send a request, you will need to select a subject, provide an email address, and provide other necessary information.

Support

To obtain the necessary information, you can contact not only the CoinMarketCap website, but also the official CoinMarketCap groups represented on various social networks. Also available is a mobile app, which is a free cryptocurrency app that allows users to track cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, XRP, EOS, Tron, and over 2,000 altcoins and crypto tokens. This is an app with market cap and ranking, price alerts, portfolio tracker, currency converter, cryptocurrency comparison tools and more. The application is available both in the App Store and Google Play. It allows you to keep track of your holdings, make detailed comparisons, and stay up to date with the latest cryptocurrency news as it relates to your digital asset portfolio.

The rating is presented directly on the website in the “Cryptocurrencies” section. This displays information about the top 100 cryptocurrencies by market capitalization. Newly added ones are also available. These are new cryptocurrencies that have been added to CoinMarketCap in the last 30 days. Legal Tender Countries are also represented. Global cryptocurrency charts are also reflected here. The “winners and losers” are also presented, that is, the top crypto leaders and anti-leaders for the current day.

Cryptocurrency rating

In addition to cryptocurrencies, information about exchanges is available. This is Spot, derivatives, DEX and where to buy. Spot is the best cryptocurrency spot exchanges. CoinMarketCap ranks and evaluates exchanges based on indicators such as traffic, liquidity, trading volume, and a confidence indicator of reported trading volume. Derivatives are the best cryptocurrency derivatives exchanges by trading volume. DEXs are leading decentralized cryptocurrency exchanges that are ranked based on trading volume and market share of DeFi markets. The “Where to buy” link provides information for beginners that allows them to answer the main questions regarding cryptocurrency.

The Non-Fungible Tokens (NFT) section lists the major NFT protocols and tokens. They are listed according to sales volume for 7 days, starting from the most valuable in descending order.

Coinmarketcap is also a crypto portfolio tracker that allows you to track your profits, losses and portfolio value on a simple and user-friendly platform. To gain access to the opportunities, you will need to create a portfolio (account). Access is also possible on iOS and Android, which will require synchronizing data between a desktop device and a mobile application. This will allow you to track your crypto assets, regardless of location.

Mobile app

Among other things, a watch list is provided. Access to it is opened through an account, to create which, in turn, you need to register. Login to your account using your login (email address) and password.

Also available are calendars: ICO, Free Airdrops, event calendar. The first is a complete initial coin offering calendar in chronological order. Thanks to the latter, you can keep abreast of major developments in the cryptography and blockchain ecosystems.

Particular attention is paid to products. Here are swaps, converter, mobile applications, blockchain explorer, interest and vacancies. There are also APIs for cryptocurrency trading and widgets for the site.

Work on the Coinmarketcap markets, profitable purchase of coins, exchange bonuses

The summary table presents data on operating sites with key indicators. This information is enough to choose the best rate, taking into account the direction, trading volume and other important data.

Rice. 7. Trading platforms for working with XLM

Drop-down tabs are designed for customization based on the following criteria:

• currency pairs;
• categories – all, spot, derivatives, OTC;
• type of commission fees – interest, none, unknown;
• direction of conversion.

The direct link takes you directly to the exchange you like. When working with them, use several useful recommendations:

• long-term storage of significant funds on the trading platform is unsafe;
• the choice of the best option must be accompanied by a comprehensive check of the course, reputation, additional payments, and interface complexity;
• in order not to pay excessive commissions when purchasing, indicate the address of an exchange wallet, not an individual wallet;
• With a larger volume of trading operations, the likelihood of a quick execution of a trading operation increases.

Important! Please remember that prices in USD are approximate. This is due to the fact that many trading platforms with a cryptocurrency specialization do not work with fiat currencies.

Direct links to a user's exchange website with Coinmarketcap are not just convenient. This method eliminates fraudulent activities using phishing technology. They are not excluded if you use standard browser tools to search for a trading platform with a specific name.

Separately, we need to remind you about the possibility of receiving lucrative bonuses. They are offered not only by new, but also by well-known exchange platforms to attract new visitors and retain regular users. As a first purchase, it is recommended to purchase internal coins. The presence of these funds allows you to become a full participant in this resource with the opportunity to receive a distributed share of the profit. Founders provide discounts on commissions and other benefits.

Overview of Coinmarketcap functionality

How to use CoinMarketCap
The first thing a user sees when visiting the main page of the CoinMarketCap website is an information line that displays summary data on the cryptocurrency market:

The number of cryptocurrencies and trading pairs tracked by the service.

Total capitalization.

Daily trading volume.

Bitcoin Dominance Index.

CoinMarketCap info line

A little lower is the main feature of CoinMarketCap - the TOP-100 rating, in which Bitcoin invariably holds the lead, and the remaining positions are distributed based on constantly changing data on the market capitalization of cryptocurrencies.

Organized as a table, this list shows each cryptocurrency's current price, 24-hour trading volume, circulating market supply, 24-hour percentage change, and a miniature weekly chart.

Rating of TOP 100 cryptocurrencies on Coinmarketcap

Interaction with rating lists

With the help of simple manipulations, the table with the CoinMarketCap ranking list can be modified, giving users access to various options for organizing statistical data. For example, you can sort rows not by capitalization, but by trading volume, price and other displayed parameters - to do this, you just need to click on the heading of the desired column.

Sort the CoinMarketCap rating by the desired parameter

In addition, you can see information on the next hundred positions in the ranking or the entire list by clicking the corresponding buttons - “Next 100” and “View all”. Next to them there is a menu for selecting a currency in which price, capitalization and volumes are displayed (in addition to the dollar, BTC, ETH, XRP, BCH and LTC are available).

Changing the currency for displaying financial parameters in the Coinmarketcap rating

It is also worth paying attention to the “Cryptocurrencies” menu, which gives access to a selection of variations of the CoinMarketCap rating list - “TOP 100”, “Full list”, “Market capitalization” (based on total and circulating supply).

Ranking according to the last parameter can only be performed for tokens and coins separately. Also for the latter, a special item “Filter unmined” is available, which removes from the rating cryptocurrencies that cannot be mined (in the general list they are indicated with the “*” icon).

Excluding unmined coins from the rating through the “Cryptocurrencies” menu

If you click on the icon with three dots at the end of any line of the list, a menu will open through which you can add the coin to your personal watch list, as well as view its detailed chart, trading pairs present on exchanges and historical data.

Additional menu for actions with cryptocurrencies from the CoinMarketCap rating

View Cryptocurrency Summary Information

Clicking on the name of any cryptocurrency in the Coinmarketcap rating lists opens access to detailed data about it. The same thing will happen if you find the desired cryptocurrency through the search bar in the site header. In the general title section of a page dedicated to a specific cryptocurrency, you can see:

Logo, name and common ticker symbol.

Price (in dollars and BTC) and its change per day in percentage.

Market capitalization, 24-hour volume, total and circulating supply of coins.

Current position in the cryptocurrency ranking.

Links to the official web resources of the project - website, section on Bitcointalk, blockchain explorers, message boards, sources and technical documentation).

Features of the technology (coin or token, mined or not).

General information on Coinmarketcap

Next is the interactive area of ​​the page, which displays the cryptocurrency rate chart by default.

Chart on CoinMarketCap

There are also buttons that allow you to switch to the following information blocks

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Market Pairs - rating of trading pairs on various exchanges by volume.

Social networks - a feed of the latest news from the official Twitter and Reddit of the project.

Tools - creating a cryptocurrency widget for the site (emblem, price, rank, capitalization, etc.).

Historical data - viewing the main market indicators of a coin (capitalization, volume, opening/closing price, etc.) for a selected period of time.

Ratings - get acquainted with the indicator of the popularity and viability of the project in comparison with competitors.

Cryptocurrency rating on Coinmarketcap

Below are sections with general information about the project in question and the features of its technology (in English only), as well as various statistical information on the coin.

Project information and cryptocurrency statistics

Navigation menu Coinmarketcap

In addition to rating lists and pages dedicated to cryptocurrencies, the viewing of which is most often limited to the bulk of service visitors, CoinMarketCap offers a number of other equally useful tools, links to which are located in the main menu in the site header.

Ratings

Contents of the Ratings menu on CoinMarketCap
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We recommend reading: Cryptocurrency rating

This menu contains all the rating tools available to the CoinMarketCap service, grouped into the following categories:

• Market capitalization is a section that offers you to view the already mentioned ranking of the TOP 100 cryptocurrencies displayed on the main page of CoinMarketCap, as well as its variations for coins and tokens separately.

TOP 100 tokens according to Coinmarketcap
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We recommend reading: Capitalization of cryptocurrencies and its importance in the digital space

• Cryptocurrencies is a chart in which the ranking indicator is trading volumes (daily or monthly).

Rating of cryptocurrencies by monthly volume

• Trends - here you can see several interesting lists at once. The Winners and Losers page contains two opposing rankings containing data on the cryptocurrencies that have gained and lost the most in price (over the hour, day or week). "Recently Added" is a list of coins and tokens that have appeared on CoinMarketcap over the past month.

List of the most expensive and most expensive cryptocurrencies

• Exchanges - in this section, ratings of platforms for trading cryptocurrencies are available, compiled according to three key parameters - by reported and adjusted volume, as well as by liquidity. The latter metric takes into account the statistics of orders in order books (order books), thereby eliminating the problem of manipulating trading volumes. So far, this solution has been launched in beta test mode
  and is supported by a very small number of cryptocurrency exchanges, but in the future it should become the main Coinmarketcap ranking tool. By the way, access to the same functionality is also possible through the “Exchanges” drop-down menu located above any rating list available in CoinMarketCap.

Rating of exchanges by liquidity - a new metric from CoinMarketCap
By the way, if you click on the name of any exchange in these charts, a page will open containing detailed data about it:

Name and logo of the site.

Adjusted trading volume in dollars and BTC.

Links to the official website, blog and Twitter account, as well as documentation with the exchange’s fee policy.

Complete list of active trading pairs on the site.

Exchange page on CoinMarketcap

Tools

Contents of the “Tools” menu on CoinMarketCap
This section contains links to all additional CoinMarketCap tools:

• Global graphs - here are graphs of market capitalization (with and without Bitcoin) and the percentage dominance of cryptocurrencies present on the market. These and all other charts presented on the CoinMarketCap pages are interactive
  - the user can change the size of the time period in question and the time frame, as well as switch between a logarithmic and linear scale. In addition, you can find out the value of the parameters displayed on the graph at any time in the past by moving the cursor along the timeline.

Global charts Coinmarketcap

• Widgets for websites - using this tool, you can generate a code to insert a widget with a ticker, rate, rating, capitalization and other data on any cryptocurrency present on Coinmarketcap onto a website.

CoinMarketCap tool for creating widgets

• Currency calculator is a simple and convenient functionality for converting any fiat and cryptocurrency.

Coinmarketcap calculator

• Watchlist - a rating formed from coins selected by the user. In addition to the link in the main menu, it is available through the button of the same name, which is present next to the “Cryptocurrencies” and “Exchanges” menus at the top of any chart. You can add new positions to it either through the “Add to watchlist” field or through the button with three dots at the end of the rows of the rating tables.

Watchlist on CoinMarketCap

• Historical snapshots - this section allows you to look back in time and view the details of the cryptocurrency rating (rate, capitalization, circulating supply and price change) for any day since the launch of the CoinMarketCap service, that is, since May 2013.

Historical photos on Coinmarketcap

• Blockchain Explorer is Coinmarketcap's own block explorer. It doesn’t stand out as anything special, but it copes with its responsibilities of displaying the contents of blocks, wallets and transactions quite well. So far it only works with Bitcoin, Ethereum and Litecoin networks.

Blockchain explorer CoinMarketCap
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We recommend reading: Block explorer for Bitcoin, Ethereum and other cryptocurrencies

Resources

Contents of the “Resources” menu on CoinMarketCap
This menu contains tools for developers and information resources that CoinMarketCap offers its visitors to use:

• API for cryptocurrency trading - functionality that allows you to create your own trading strategies based on historical data on exchanges and cryptocurrencies collected by the service. In addition, the CoinMarketCap API will be useful to developers of wallets, exchanges, exchangers and other cryptocurrency projects. This tool is free for trial personal use, but in other cases it will cost from $30 to $700;
• CoinMarketCap Index is a set of investment grade benchmark indices created based on an analysis of the capitalization of the TOP 200 cryptocurrencies traded on the market;
• Information sheet - this section contains articles, cryptocurrency news and interviews for traders, investors, developers and other participants in the crypto community;
• Cryptoglossary - an alphabetically organized dictionary of terms related to the topic of cryptocurrencies and blockchain technologies (in English only);
• Event calendar - a schedule of significant events for the world of cryptocurrencies, indicating their brief description, date and location, as well as links to the official source;
• Introduction to cryptocurrencies - FAQ section containing introductory information for beginners both on working directly with the CoinMarketcap service and on general questions about cryptocurrency investing.

We also recommend that you look at a detailed review of CoinMarketCap:

CoinMarketCap Review

Useful features

This service is constantly being improved, so you should personally familiarize yourself with its full current functionality. Thus, in a special list you can get information about the newest projects in the field of cryptocurrencies. The Tools tab provides access to global graphs, specialized calculators, and other useful applications.

Rice. 8. This transition is useful for quickly purchasing coins with payment through a regular bank card

Trust level

It should be noted that there are high ratings from users of this resource, long-term specialized activity without significant comments. Nevertheless, we must be aware of the possible distortions that excessive advertising provokes. As noted above, individual positions can be significantly influenced by using specialized software. Social media marketing efforts produce similar results. To thoroughly check the information and develop the right trading strategy, a comprehensive analysis of the data discussed above will be useful.

Competitors CoinMarketCap

Competitors of CoinMarketCap
There are many services on the Internet that, by the nature of their activities, are direct competitors of CoinMarketCap.

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CoinMarketCap still manages to easily maintain its leadership for the reason that most of its competitors are either its clones or are simply significantly inferior to it in terms of the number and quality of tools provided.

But some decent options for sites with statistics, analytics and infographics on the topic of cryptocurrencies still exist.

CoinCap

A project by ShapeShift founder Eric Voorhees. In general, it offers data on the crypto market online similar to CoinMarketCap, but its usability is a little better, in particular due to its minimalist design, lack of advertising and such features as viewing cryptocurrency charts directly within the rating list (in a pop-up window). In addition, if you wish, you can go to more detailed interactive charts pulled up from the TradingView website.

At the same time, CoinCap is inferior to the CoinMarketCap service in terms of the range of additional functions - there are almost none, it all comes down to building a rating of cryptocurrencies and exchanges, which, by the way, are not very many supported (1500 and 70, respectively).

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CoinCap official website

CoinCodex

Cryptocurrency ratings
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A more interesting site that, with proper marketing, may well supplant CoinMarketCap.

This service has a nice, easy-to-use interface, up-to-date crypto market statistics, detailed data on coins, global charts, a currency calculator and a watch list.

In addition, CoinCodex has functionality that CoinMarketcap does not have - tools for maintaining a portfolio and creating alarms that follow the course, as well as sections with the latest news and data on ICO, IEO and other token sales.

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Official CoinCodex website

CoinGecko

CoinGecko
Another excellent cryptocurrency statistics service, which, like CoinMarketCap, offers visitors a rating of cryptocurrencies (by market capitalization) and trading platforms, a calendar of events, as well as a list of coins that have risen and fallen in price the most.

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However, the functionality of CoinGecko does not end there - here you will find a rating of exchanges based on trading volume and Trust Score (trust index), and a chart of crypto derivatives (by the amount of open positions) and even a timer until the next Bitcoin halving.

In addition there are:

• Tools for comparing several cryptocurrencies according to multiple parameters, as well as on price and capitalization charts by overlaying them on each other;
• A list with the number of subscribers of cryptocurrency projects on social networks (Reddit, Twitter, Telegram, Facebook), allowing one to judge their popularity in the community;
• A table with data from cryptocurrency networks about the mining algorithm, transaction speed, number of blocks, nodes and coins in circulation;
• Statistics on the decline in prices of cryptocurrencies since they reach ATH (absolute price maximum);
• Several indices calculated based on a set of 50+ cryptocurrencies.

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Official website of CoinGecko

CryptoCompare

Cryptocurrency ratings
A fairly convenient and informative service that has existed since 2015 and, in addition to standard ratings, offers a wide range of useful tools, to which CoinMarketCap has no alternative. The main advantages of CryptoCompare are:

• Mining calculator;
• List of ICOs, crypto wallets and cards;
• Reports on exchanges’ own research and ratings based on them;
• Guides on trading, mining and other types of earnings on cryptocurrencies;
• A forum for thematic communication between users.

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Official website of CryptoCompare

Coinlib

Visually, the website of this service resembles a slightly modified CoinMarketcap with night mode enabled - on the main page there is a similar rating list and data on market capitalization and Bitcoin dominance.

However, studying the main menu of Coinlib makes it clear that its functionality is much wider and more interesting. Just look at the statistics on trading volumes and the flow of funds between trading pairs on exchanges, presented in the form of diagrams. And on the pages with information on individual cryptocurrencies there are metrics for assessing them based on social indicators and developer activity, as well as recommendations for buying/selling based on the analysis of technical indicators.

In addition, Coinlib boasts a price tracking service with alarms to notify users, as well as tools for maintaining a portfolio and comparing cryptocurrencies on a variety of parameters.

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Coinlib official website

Cryptocurrency rating

Charts and other tools are discussed in detail in the following sections of the publication. Below are the basic principles of creating a database:

• coins/tokens that are in open circulation on a reputable exchange are added to the list;
• the following limitation is mandatory transactions on all controlled trading platforms to correctly determine the current price;
• service employees check the circulating offer;
• transactions without commissions are not taken into account in statistical data in order to exclude “cheating by bots” and other artificial influences on the exchange rate;
• if the data is not reliable enough, or there was a processing failure, the “?” sign is displayed in the corresponding column.

The main criterion for rating is market capitalization. However, if you wish, you can sort the data by any other evaluation parameter.

Application of charts for technical and fundamental analysis

For user convenience, in the appropriate section you can select a linear or logarithmic presentation of information. You can resize the picture up to the borders of the screen. This function is useful for studying images on small displays of smartphones and other mobile devices. If necessary, upload an image in the form of a graphic file with a jpeg (png) extension or a standard PDF document.

Rice. 9. XLM Charts

This figure shows an example with complete information on indicators from the beginning of the project. The primary interest in the new product and the increase in value in relation to Bitcoin, which is due to the good consumer characteristics of the cryptocurrency, are clearly visible. In mid-2022 and early 2022, there is an increase in all positions, correlating with general trends in the corresponding market segment. The increased demand, in particular, was accompanied by a significant volume of trading transactions.

For your information! In addition to standard time intervals (24 hours, week, month, etc.), we can select a custom range. To do this, use the virtual “slider”, which is located at the bottom of the screen.

Rice.
10. Changes in rates from January to September 2022. This interval clearly reflects the importance of a comprehensive assessment of data. In the interval marked “1” in the figure, the cost of stellar in dollars is higher compared to its counterpart in bitcoins. In May the situation changes - “2”. It is clearly visible how the rate of the XLM-BTC pair is growing, although it does not reach the record values ​​of the beginning of the year. The data presented confirm a significant difference in profitability when choosing a specific investment strategy. Of course, we are talking about relative values. The actual profit depends on the amount of commissions paid.

For a more accurate assessment, experienced experts advise paying attention to the attitude towards Bitcoin. This will be useful when mining coins, as well as for profitable investments in IPOs. Based on the chart, it is not difficult to correctly conclude that in some periods you can get big profits without risk by investing in BTC. Before purchasing a farm or other equipment, you need to make a payback calculation taking into account prices in one cryptocurrency.

What is CoinMarketCap

CoinMarketCap
CoinMarketCap is the largest information and statistical portal about cryptocurrencies traded on exchanges. Most traders and investors know the address of his website by heart, since this is where they go first when they need to quickly find out the rate, number of coins, position in the ranking and other detailed data about any cryptocurrency project.

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Coinmarketcap's birthday is May 1, 2013, and its creator is American programmer Brandon Chez.

According to him, the idea to create such a service developed from the understanding that the crypto market at that moment did not have a single ready-made tool for comparing trading volumes, not to mention any global ratings. Chaz decided to fill this gap by enlisting the support of a small group of like-minded people.

Over the 6 years of its existence, CoinMarketCap has acquired a mass of additional tools for studying and analyzing the crypto market (graphs of market capitalization and dominance, currency converter, blockchain explorer, etc.). This service is also now available as an application for mobile gadgets on iOS and Android, which is a slightly simplified version of the site.

The developers of CoinMarketcap call it their mission to provide users with the most accurate and up-to-date information about cryptocurrencies, to ensure the reliability of which they have to adhere to a position of anti-censorship and neutrality.

They also claim that they do not charge for adding new coins to CoinMarketCap, and transfers to wallets listed at the bottom of the service’s website are regarded solely as donations

, which in no way can affect the ranking results of cryptocurrencies.

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Official website of CoinMarketCap

Global graphs

In this section, you can evaluate the general trends of the cryptocurrency market.

Rice. 11. Total market capitalization for the entire period

Rice. 12. Graph of changes in the total capitalization of cryptocurrencies excluding data on Bitcoin (BTC)

Fig 13. Weight ratio of different coins on the market (capitalization levels) in relation to Bitcoin for the period from 04/28/2013 to 09/27/2018

Additional Information

The following examples demonstrate the convenience of obtaining detailed market information.

Rice. 14. Cryptocurrencies with the best performance per day

Rice. 15. List of coins with the worst results

Rice. 16. Recently added items