If you are a person who has been investing in virtual money, at least you have heard of CoinMarketCap (CMC). Today let’s find out what Bitcoin MarketCap is with 100Startupideas.com and how to read data on CoinMarketCap.
What is CoinMarketCap?
CoinMarketCap is a place to store all digital currency information, where data is updated daily, hourly, even up to the minute.
CoinMarketCap helps investors track the rates of coins, price fluctuations, reserves, real-time trading volumes …
There are more than 1,400 coins in CoinMarketCap. To master the features of CoinMarketCap, you need to know some of the following basic concepts:
- Cryptocurrency : The term for electronic money or digital money
- Market Cap : The total market capitalization of a coin
- Currencies : collectively referred to as currency units
- Assets : Electronic money developed based on algorithms from the open source of major coins
- Dominance : Advantages in today’s market
- Circulating Supply : The supply is circulating
- Volume : Volume of transactions in 24 hours
- % Change (24h) : This is the symbol of the coin change in 24h in%.
- Price Graph (7d) : This chart shows how the coin changed in the last 7 days.
- Price : This is the current price of the coin in USD
- Not Mineable : This coin has been released and coin dancers will not be able to dig.
- Significantly Premined : Here shows the special event that took place before that coin was announced.
- Market Cap : Includes all coins that are being traded on the market at the exchanges.
- Trade Volume : The trading volume of each coin will be aggregated on the floor.
- Gainers and Losers : Rankings increase in percentages decrease every hour like 1H, 4H, 7D.
- Recently Added : New updates
- Tool : Useful utilities include:
- Global Charts : Graph of total capitalization of the entire virtual money market
- Historcal Snapshots : This is a tool to help you review the history of coins since 2013
- Curency Converter Calculator : Tool to exchange exchange rates for foreign currency currencies such as USD and EUR
- Website Widgets : You can use this application to get the price of each coin on your website, blog.
Main Page of CoinMarketCap Platform
When users visit CoinMarketCap.com, you’ll first see a list of the top 100 electronic currencies based on market capitalization.
The table will display the name of Coin or Token, market price, price, volume, 24-hour change and Price chart of Coin in 7 days. What are they and how can you use these data?
Base Currency (Base Currency)
By default, the website uses USD to evaluate each electronic currency. You can change to Bitcoin (BTC), Ethereum (ETH) , Ripple (XRP) , Bitcoin Cash (BCH) and Litecoin (LTC) . However, to better understand the data listed in the table, you should choose USD.
Coin and Token
The first column in the table displays the name of the electronic currency. This list by default includes Coin as well as Token .
The difference between them is: Coin is electronic money that has its own Blockchain and runs independently. On the other hand, Tokens are built depending on other platforms or blockchain.
On CoinMarketCap, you can choose to exclude Coin / Token from the list. Users can choose to display only the coins that can be dug and you can also list all electronic coins that are in their database. Just click on the Cryptocurrencies tab and you will see different options for electronic money filtering.
Market Cap (Market Cap)
Users can list tables based on different criteria such as ranking, market limit, price, volume and change. However, this site by default will rank each Coin and Token based on market capitalization.
As we see Bitcoin ranked No. 1 in the market, followed by Ethereum, Ripple, Bitcoin Cash, EOS and Litecoin. Market limits are the total value of each Crypto and this is one of the most important units to consider when evaluating each electronic currency.
Price, 24h Volume and Circulating Supply
Price is the current value of a Coin or Token. It simply helps the reader understand the value of each Coin type and Token.
Transaction volume (Volume) is the total value of the amount of money traded in the last 24 hours. Specifically, in the picture below, you can see that in the past 24 hours 3,883,520,000 US is the value of Bitcoin traded.
Just select the Volume section and it will list all exchanges that each specific currency has been traded.
Circulating Supply is the total amount of Coin being circulated in the market. Also, if you see a few coins will have a “*” next to it, which means that these coins cannot be dug .
Changes (24 hours) and Price Chart (7 days)
24-hour value changes show that the value of Coin has increased or decreased in the last 24 hours. You can use this column to see which Coin has increased or decreased in 1 day.
The price chart shows the price movement of Coin or Token in 7 days. Clicking on the chart will take you to the price chart of each Coin and the specific Token.
In addition, you will find some other useful information on the homepage and there are some additional features to note.
Features of CoinMarketCap
CoinMarketCap has multilingual support, in addition to USD there are many other Fiat currencies to choose from. In addition, you can also switch to Day / Night mode . All these features can be found on the top of the home page.
On the same line, you will also find an information bar displaying the total market capitalization of electronic money in general. In addition, the total electronic amount listed on the CoinMarketCap website so far will also be displayed.
At the time of writing, there are more than 2000 coins listed on the platform with a total market capitalization of 286,519,510,124 USD. In which, BTC accounted for 40.1%.
Large Trading Floors
CoinMarketCap not only displays top- notch electronic currencies, the platform also displays Featured exchanges based on 24-hour volume charts.
Just below the title, you will see a toolbar named Transaction Volume. Just click on Trading volume and select “24-hour weight chart (Trading floor)” . The platform will display the top Trading Platforms based on the trading volume.
You can choose Crypto or Crypto, or Crypto transaction pairs with Fiat currency. In addition, you can also arrange Trading Platforms. The table will show the currencies, on the trading pair of the platform and the total trading volume in 24 hours. Coin Market Cap automatically retrieves price data from these markets to provide users.
Currently, there are more than 200 exchanges listed on CoinMarketCap page. Among them, the trading floor Binance currently tops the list with 24-hour trading volume of 1.2 billion USD.
The Recently Integrated Coin
Every day, new Coins and Tokens will be added to CoinMarketCap. If you want to find a new electronic currency, you can find out the recently added list of CoinMarketCap. Pull down the trend and select the Recently Added section to see all new currencies listed on the CoinMarketCap page.
Most Coin’s are new to the market, so the supply details and market costs will be inaccurate. In addition, you will find a “?” Next to these coins, which means that CoinMarketCap has not found the correct information about Coin. On the Trending section , you will see Gainers and Losers displaying the currencies that have risen and lost great value.
With all this information you can choose a Coin and start doing research. To conduct in-depth studies and find some useful links about the Coin you need to go to the page of each particular Coin.
Links, Charts, Markets and Historical data
To conduct an in-depth study of each Coin, you need to find Coin’s link and find out what the project is. You need to observe general price trends and see how Coin prices have changed over time, as well as historical data and market analysis. All information will link price charts, markets and historical data that can be found on a specific Coin page.
Just find your favorite electronic currency or choose Coin from the ranking and the platform will take you to the personal page of each particular Coin.
Information displayed on the chart such as price, market limit, trading volume and circulating supply is also displayed on this page.
On the left hand side, this is where you will find all the useful links about each specific electronic currency.
For most Coin, you will find the Bitcoin Talk link website link, Block explorer link and other social links.
Along with these links, the platform also indicates whether this is Coin or Token, and if it is a Coin, it can be exploited. All these important links will make things easier and will get you started with the project.
Price List on CoinMarketCap
On each Coin page, you will find a chart showing Coin’s performance over time. The X- axis of the graph indicates time , while the Y- axis shows the total market value and the price of the electronic money.
Users can find explanations on the same page below the chart. The green line represents the price in USD, the blue line is the market capitalization, the orange is the BTC price and the gray is the 24-hour volume. You can hover over this chart to see the price or limit of Coin market at any particular date.
Alternatively, you can use the slider below the chart or zoom in to the right to see this chart at specific times.
So 100StartupIdeas.com presents what basic information about CoinMarketCap is to you. We hope that with this information will help you better understand it and use this tool best to apply to investment more effectively.
Remember that Coinmarketcap only provides an overview and is a general tool to explore the electronic money world.
If you find this article useful, please share it with everyone. You can also find business knowledge, how to get rich, what business is an effective start-up idea, how to make money with other products or ideas in the 100Startupideas.com search section.