The fact that our world as we know it keeps on growing digitally day-by-day, cryptocurrencies are now what most people use for making digital payments without the need for bank verifications, with that being said there is a need for crypto data aggregators which would satisfy crypto users in their navigation of the crypto space on a daily basis. And CoinMarketCap has come to be one of those tools and an exceptional one.
As a whole, crypto data aggregators like CoinMarketCap are highly important in the crypto space. They play a big role in the crypto space by providing insights to real-time analysis like trade volume, market capitalization and so many more. This assists your crypto research and helps you understand more about the crypto market.
CoinMarketCap
CoinMarketCap Website Homepage Photo
This is the world’s most referenced price-tracking website for crypto assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high-quality, and accurate information for drawing their own informed conclusions.
With the motive of expanding crypto, as cryptocurrencies have become what most people trade on a daily basis, having as of the year 2023 an estimated global crypto ownership rate at an average of 4.2%, with over 420 million crypto users worldwide, CoinMarketCap was founded by Brandon Chez in May 2013. CoinMarketCap has grown to be a global success as it has become the most trusted source by users for keeping track of the price of cryptocurrencies like Bitcoin which was worth about $6500 in 2018 and has reached a whopping sum of $28000 in the year 2023 with increase of 343.07% making its mark as the highest ranked cryptocurrency in the world.
Hence with the recorded data of having over hundreds of millions of users each year, they seek to break boundaries and limits giving nothing but high-quality and accurate information so as to make crypto not only discoverable but also accessible all over the world and perhaps with them reaching billions of users a year. After the acquisition of CoinMarketCap in early 2020 by Binance Capital Mgnt which is the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, CoinMarketCap has been unmatched on its accuracy, timely and unbiased information. Between 2013 from the time of which CoinMarketCap was founded to 2023, the total crypto market capitalization increased from $1.649 billion to over $1.22 trillion, recording a staggering 73,882% increase. In June 2022 CoinMarketCap page view broke over 340 million views a month.
How to Use CoinMarketCap
With a user friendly interface on both app and website, CoinMarketCap has been made easy to use for its users. Here I will guide you ultimately on how to use CoinMarketCap, and not just the use of this amazing crypto aggregator but also showing you its alluring benefits.
With the cryptocurrencies displayed clearly from the highest market ranking to the lowest market ranking and their price list right next to them, we can easily keep track of the price of any cryptocurrency of our choice and see how the price has appreciated or depreciated in the last 24 hours to the last 7 days, in the sense users can see at what percentage a cryptocurrency has gained or lost value within a specific time frame which is between the last 24 hours to the last 7 days. The call to action buttons on the CoinMarketCap homepage as shown in the above image will be explained in detail for more understanding on how to use them;
- Cryptocurrencies:
- CRYPTOCURRENCIES; Ranking, Recently Added, Categories, Spotlight, Gainers and Losers, Global Charts, Historical Snapshots.
- NFT; Overall NFT Stats, Top Collections, Upcoming Sales, DEX Pairs, Chain Ranking.
- Exchange: Spot, Derivatives, DEX.
- Community:Feeds, Topic, live Articles.
- Product:
- PRODUCT: Converter, Blockchain Explorer, Telegram Bot.
- CAMPAIGNS: Airdrops, Diamond Rewards, Learn and Earn.
- CALENDARS: ICO Calendar, Event Calendar.
- LEARN:News, Academy, Research, Videos, Glossary.
- Watchlist
- Portfolio
- Login
- Sign up
- Search
Cryptocurrencies
- CRYPTOCURRENCIES
By clicking on the cryptocurrency button on the homepage users can choose in which order they want the cryptocurrencies to be listed, either by ranking, recently added (These are cryptocurrencies that were recently added to the crypto market), categories and so on. We can equally view a cryptocurrency live chart by clicking on the desired cryptocurrency shown on the homepage. Tapping on the Gainer and Losers lets you see the cryptocurrencies whose prices are increasing and also those whose prices are reducing within a given time frame.
Note: You can always return to the homepage by clicking on the CoinMarketCap logo at the top left corner.
- NFT
Still on the Cryptocurrencies call-to-action bar which is hosting NFT ( Non-fungible token ), as one of its components, and we can view it by clicking on it. Users can see the various differences in NFTs collections and the total volume and also the highest ranking NFTs by volume. By viewing the Upcoming Sales we can see the new NFTs that are about to hit the market and their release dates.
Exchange
Next to the cryptocurrencies button, we have the Exchange button. CoinMarketCap ranks the top currency derivatives exchanges using an algorithm based on liquidity, volume and other factors; we can see this when we click the Derivatives under Exchange. So basically the Exchange button shows the ranking of the top cryptocurrency spot exchanges, DEX (Decentralized Exchanges) and Derivatives all based on volumes and other factors.
Community
Just how to post tweets on X formerly known as Twitter about our feelings and other activities and all that, well here on CoinMarketCap we can also share our thoughts on how the crypto market is moving and also share our ideas on a certain cryptocurrency or token by posting it all on our Feeds and we can equally see other peoples thoughts and ideas as well, this is a really great way of knowing more about the crypto market. We can go ahead and view Topics and see the most trending topics on the crypto market.
Products
- PRODUCTS
Clearly all cryptocurrencies are not of the same value just like the US dollar bill having a higher value than the Turkish lira. So in this case showing price tracking of hundreds of cryptocurrencies there is definitely a need for a cryptocurrency converter, and this which CoinMarketCap has made available to its users by clicking on the Product bar. With this, we can see how much of what cryptocurrency will equal to another cryptocurrency. The Product bar has other components like the blockchain explorers and telegram bots. You can explore blocks, transactions, and addresses on BSC (Binance Smart Chain) using the Blockchain Explorer. The Telegram bot gives you access to a highly fast and accurate telegram bot that shows real-time market data used for crypto price-tracking.
You can also see this article on Blockchain Explorer to understand more about it
- CAMPAIGNS
This section is made up of the airdrops, diamond rewards, and learn & earn. We can know and be updated on when the airdrops are coming by using the airdrops button. CoinMarketCap has made it easy for its users to earn rewards for free which can be redeemed to Gift cards, travel discounts, and many more. You can also earn more by completing some tasks, and all you have to do is log into your CoinMarketCap account daily to claim these rewards. By using the Learn & Earn option you can earn BNB smart chain by watching video lessons and answering a quiz on BNB smart chain, which you can redeem afterward into money.
- CALENDARS
Calendars show the different airdrops, IOC (Initial coin offering calendar), and other features. So basically users can see which coins are going to be listed soon, their upcoming projects, ongoing projects etc by clicking on IOC. The Event calendar helps users stay up-to-date on major events in the crypto and blockchain ecosystems.
Learn
Moving along we have the Learn button. Here users are capable of learning and acquiring more knowledge on cryptocurrencies, in fact having Academy as one of its many options users can learn crypto and know more about crypto from scratch. We can also learn the differences in terminology used among the crypto community. Of course every good trader and investor knows that the News is a big deal in the crypto market or industry, we can get the latest news on any cryptocurrency by using the news section. Users can also do research on any cryptocurrency of their choice. Watching videos on cryptocurrencies makes you understand them even better.
Watchlist
By clicking the Watchlist button users can look up any coin they want to by searching them up in the search bar and selecting them which automatically adds the coins to their watchlist or by clicking the star icon next to the cryptocurrencies either ranked by MarketCap in the home page.
Portfolio
Next to the NFT we have the Portfolio, now this has a really cool and interesting component. Users can clearly name their portfolio whatever they like. The portfolio is used to keep track of the cryptocurrencies bought or sold by a user and it also shows a user how much profit or loss they have had at a given period of time.
Login
This is for users who already have a CoinMarketCap account, here they will need to enter some security information like their email and password for them to be granted access back into their user account.
Sign up
Creating a user account on CoinMarketCap would require you to provide your email address and create a password, then you would be required to verify your email address by typing in the one-time password(OTP) sent to your email address. You can also continue using your Google account, Apple account, or Binance account. CoinMarketCap made it possible for their users to create a user account by using their Trust Wallet, Meta Mask, and Wallet Connect, in this sense connecting their wallet to their CoinMArketCap account. After you sign up a profile icon will appear at the top right corner which you are going to use to set up your account to be able to login to the CoinMarketCap MobileApp/Website.
Search
This is a rectangular bar that users use to search for any cryptocurrency of their choice, pair, or exchange that they wish to see.
Conclusion
With a great user experience, high quality and accurate information, and high-speed match on both mobile app and website CoinMarketCap remains one of the world’s most trusted cryptocurrency price trackers. CoinMarketCap is one of the best tools for keeping track of crypto assets prices, any crypto trader or crypto enthusiast would find its features really satisfying. This crypto data aggregator does not only provide you with data insight on real-time analysis but it also provides you with benefits of earning crypto tokens and many more. With CoinMarketCap you will be at the top of your game in the crypto space. If you are new to the crypto space CoinMarketCap is a great tool for you to use on your journey to mastering the crypto economy.
FAQs
- Can I buy and sell on CoinMarketCap?
CoinMarketCap provides high-quality and accurate information on the trading activities of thousands of markets in the cryptocurrency space but doesn’t directly sell any cryptocurrencies.
- What is MarketCap?
MarketCap or fully known as MarketCapitalisation is the total value of a company’s shares of stock. This is calculated by multiplying the number of stock shares outstanding by the current share price. For example, if a company has issued 50 million shares, and its share price is $100, its market cap is $50 billion.
- Can you make money from CoinMarketCap?
We can not actually make real money from CoinMarketCap unlike the way we do in forex trading and its likes but we can use CoinMarketCap to gain some money either by using the Diamond Reward which is where you claim daily rewards for free just by logging in every day and when you login 7 times in a row you get 50 diamonds. These diamonds can be redeemed into NFTs that can be worth up to $500, games, gift cards and so many more. Another fascinating thing about CoinMarketCap is that by clicking on the Product button and choosing the Learn & Earn option (which is under Campaigns) you can earn BNB smart chain by watching video lessons and answering a quiz on BNB smart chain, which you can redeem afterward into money.
- Can I connect my Trust Wallet to CoinMarketCap?
You can not only connect your Trust Wallet to CoinMarketCap but also you can connect other crypto wallets like Meta Mask and Wallet Connect. This was all made easy by CoinMarketCap to provide its users with the satisfaction they need, by creating a CoinMarketCap user account by simply clicking on the connect wallet option you can choose to connect your Trust Wallet, and this does not require an email and password.
- What is DEX?
DEX or in full Decentralized Exchange is a peer-to-peer marketplace or cryptocurrency platform where users can trade or perform digital transactions directly from their digital wallets without the need for third parties like banks and the government to verify the transfer and custody of funds.
Checkout the top 10 Decentralized Exchanges of 2023 in this article on Droomdroom
