What is CoinmarketCap ? Tips to look up information about cryptocurrencies

What is CoinmarketCap – What is the expected coinmarketcap

What is CoinmarketCap – For today’s virtual currency investors, it is extremely important to track and capture detailed information about cryptocurrencies as well as market fluctuations. Coinmarketcap is currently being chosen by many investors to look up and find out information. So What is Coinmarketcap?? The secret to finding information for crypto investors. Please refer to the following article.

CoinmarketCap and things you don’t know

What is Coinmarketcap?

Coinmarketcap is a website that provides reference information on prices, market capitalization… for almost all cryptocurrencies in the world. Coinmarketcap is committed to providing transparent, continuous and accurate information to users. Currently, Coinmarketcap is considered the world’s largest “cryptocurrency dictionary” in terms of credibility, especially since it’s completely free.

As provided by Coinmarketcap: Coinmarketcap founded by Brandon Chez in May 2013, it has rapidly grown to become the most trusted data source by users, institutions and media to compare thousands of currencies electronic money. And also used by CNBC, Bloomberg and other major news agencies to quote information. (Even the US government uses CoinMarketCap data for research and reporting)

What is Coinmarketcap?What is Coinmarketcap?

On April 2, 2020, Coinmarketcap was acquired by Binance – the world’s largest cryptocurrency exchange, Cointelegraph reported. The head of Binance is Changpeng Zhao (commonly known as CZ): Binance and CoinMarketCap are very similar. Because, both provide users with information and share the vision of cryptocurrencies, making it easier for people around the globe to access the crypto market. Therefore, they are very suitable to go together.

If you need to find a website to look up all the basic information about the crypto market and coin or token, the most logical answer is Coinmarketcap.Official website of Coinmarketcap: https://coinmarketcap.com/

Coinmarketcap PC versionCoinmarketCap PC version

Coinmarketcap is not only useful for longtime traders, but newbies should get into the habit of using it. Remember, in the crypto market, information is very important. In addition, to invest in cryptocurrencies, an overview of the market, information about coins, will help you have a basis for careful analysis, before making money. Not only that, Coinmarketcap also has many attractive airdrop programs to receive free coins and new utilities for users.

How to register a Coinmarketcap account

Normally, just clicking on the link above can be used immediately. However, you should create a Coinmarketcap account, to:

    Update information regularly Receive many attractive offers.Use the utilities that Coinmarketcap provides

Red frame: customize language, currency, display on website

Sign up for an account CoinmarketCapAccount registration interface

HOW TO CREATE COINMARKETCAP ACCOUNT:

Go to the link Coinmarketcap.com

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Choose Sign up => fill Email, password => choose Create an account If you want to receive daily newsletter from Coinmarketcap to your inbox, then stick in the white box.

Enter registration informationEnter information to complete registration

So that’s it!

Instructions on how to view information on Coinmarketcap

View general information

New update on Coinmarketcap

The latest information (latest news) on Coinmarketcap about the airdrop program, knowledge, … has recently been updated by Coinmarketcap, helping users to grasp information quickly.

New update on CoinmarketcapNew update on Coinmarketcap

Highlights:

New feature: Coin price update, biggest gainer token, biggest gainers, new tokens added to Coinmarketcap. Therefore, viewers miss the hottest information from the channel.

Row No. 1:

Illustration: Row No. 1

Cryptos

    • is the total number of tokens and coins on Coinmarketcap

: 11,178Exchanges

    • is the total number of cryptocurrency exchanges (including centralized exchange (CEX) and decentralized exchange (DEX):

391Market cap (

    • Market Capitalization) is the total capitalization of the cryptocurrency market: $1,759,317,690,028

24h Vol

    • is Cryptocurrency Trading Volume in 24h: $101,057,073,202

Dominance BTC (abbreviated as BTC.D) is

    • percent of Bitcoin’s market capitalization of the total market capitalization of the entire cryptocurrency market:

46.2% Dominance ETH

    • is the percentage capitalization that Ethereum accounts for of the total capitalization of the entire Cryptocurrency market: 19.4%

ETH Gas:

    • Gas fees are used to mine 1 ETH on Ethereum blockchain

: 35 Gwei

Row No. 2:

Row No. 2Illustration: Row No. 2

Cryptocurrencies:

    • Types cryptocurrencies, including:

Ranking:

      • Rating of Cryptocurrencies

Recently Added:

      • New coins and tokens added to Coinmarketcap

Legal Tender Country:

      • Information of Countries that accept cryptocurrencies is legal. In June 2021, El Savador was the first country to allow BTC payments

Global Chart:

      • Global Cap Chart, including Global Crypto Chart, Total Market Cap (Except Bitcoin) and Percent of Total Market Cap (Dominant)

Fiats/Companies Ranking:

      • Compare the market capitalization of Bitcoin with the world’s major fiat currencies, such as USD, EUR…

Spotlight:

      • Update the latest ranking, cryptocurrencies according to different criteria such as Trending (Trend), Biggest Gainers (Cryptocurrency with the most increase in price)…

Gainers/Losers:

      • Ranking of cryptocurrencies with the most gain/loss in 24 hours

Historical Snapshot:

    • View market volatility history (Coin and token) from 2013 to present

CryptocurrenciesArtwork: Cryptocurrencies

Exchanges:

    • Cryptocurrency exchanges, including:

Spot:

      • Spot trading, such as Binance…

Derivatives:

      • Derivatives trading

DEX:

      • Decentralized exchanges, such as Pancakeswap, Uniswap…

Where to Buy:

      • Where to buy cryptocurrency. You can consult

Top 5 most reputable cryptocurrency exchanges in the world

    • now, to create accounts and trade cryptocurrencies.

ExchangesArtwork: Exchanges

NFT (

    • Non-fungible token): where to list the top projects of NFT protocols and tokens
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Portfolio:

    • Monitor your investment portfolio. This feature is pretty cool. Users will be able to track their investments over time. Choose

Add new

    • => Enter coin/token name, buy or sell quantity, transaction fee. The system will produce the user’s cryptocurrency trading chart

Watchlist:

    • This list helps users keep track of the currencies they want. Click on the star icon (shown in yellow) before each coin or token. That you have added them to your watchlist. Quite convenient.

CalendarsFree Airdrops:

      • Join the program to get free tokens from Coinmarketcap. There are many programs, the requirements of these airdrops are quite simple, but you must have a Coinmarketcap account

ICO Calendar:

      • ICO schedule

(

      • Initial Coin Offering – Initial Coin Offering)

Polkadot Parachains:

      • New feature of Coinmarketcap. Auction of Parachains on the Polkadot . network

Event Calendar:

    • history of most notable events in the crypto market

CalendarsArtwork: Calendars

Products:

    other features on coinmarketcap

ProductsIllustration: Products

Swap: new feature

      • Meanwhile, users search for coins and tokens on Coinmarketcap. They want to convert (Swap) to the token they want. Instead of wasting time on the exchange, now, users will do it right on Coinmarketcap. They only need to connect an e-wallet with Coinmarketcap to use this Swap feature. Advantages: convenient and easy to do. This feature is available in the lower right corner of the screen.

Converter:

      • Convert cryptocurrency prices to fiat currency. For example, how many VND is 1 BTC?

Mobile Apps:

      • Coinmarketcap application information on smartphones

Blockchain Explorer:

      • learn knowledge about blockchain network

Interests:

      • deposit or save cryptocurrency to multiply interest, or borrow coins, tokens

JobsBoard

      • : job opportunity

Crypto APISite Widgets:

      • optional search utilities

Learn: learn knowledge, market information

      • Including the item

Earn

    • , with the purpose of Learn Crypto, Earn Crypto. Watch the video to learn about the project, token. Then answer the question and get the reward. Usually the content of these videos is in English. You can read and understand or use google.This is an opportunity to make money, with a capital of 0 dong. So, everyone, remember to regularly follow this item to make it happen.

LearnIllustration: Learn

Coin and Token Information

I take a specific example is Bitcoin (BTC). In addition to the information noted in the picture, there are also:

Circulating Supply: Current supply of BTC is 18,778,768.00 BTC

Max Supply: BTC max supply is 21,000,000

Low: the lowest BTC price in 24 hours is $40,362.48

High: 24h highest BTC price is $43,767.61

Scroll down, there is a chart of Bitcoin and information about price changes in the next column.

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Information about exchanges that support buying and selling coins (Bitocoin).

The exchange supports buying and selling BitcoinThe exchange supports buying and selling Bitcoin

Bitcoin chartBitcoin chart

Information to note on Coinmarket should learn

Usually, new investors will not pay much attention to important indicators of the cryptocurrency market such as: Total market Cap (Total market capitalization), Volume 24h and BTC Dominance. However, new players should take the time to learn, it will help you have a clearer view and be safer when investing.

Total market Cap (Total market cap) at the time of writing this is $1,772,487,900,035.

You will wonder why investing in coins to find out what market capitalization do?

The answer is: You try to search the market capitalization of gold, stocks, land… even Amazon, Microsoft… Then compare the data with each other. From there, you will see the potential of the digital currency market and future investment opportunities in this market.

Volume 24h (trading volume in 24 hours) of the whole market or each coin. In simple words, the 24h volume of the coin, you will know the liquidity of the coin in the last 24 hours.

Note: The market capitalization and Volume of the coin must be HUGE, then it is advisable to invest. A coin can increase 300% but the volume (or Vol for short) is low (less than 1-2 BTC), the risk is HIGH. That coin can’t even be sold, because there are few buyers.

On Coinmarketcap, there is a feature to view the Vol of the coin, you should practice watching to analyze the top coins, such as Bitcoin (BTC), Binance coin (BNB) … with new coins for comparison.

BTC Dominance (abbreviated as BTC.D) represents the position, as well as the influence of Bitcoin on the entire crypto market. In addition, looking at the BTC.D index, investors will know the movement of money in the market is pouring into Bitcoin or altcoins. Knowing this, investors will have the most effective investment direction.

For example, at the time of this writing, BTC.D is 46%, meaning money is flowing into altcoins

Ending

Hope the above sharing will help you to effectively use Coinmarketcap, to get the right analysis, when investing in cryptocurrencies. Good luck!

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