Coinmarketcap – A highly effective tool to support users in the Cryptocurrency field. Have you fully understood the features that the Coinmarketcap platform offers? If not, join vietnam – ustrade.org to review some related issues about this smart support tool in the following article:
What is Coinmarketcap?
As many users know, Coinmarketcap, also known by its short name Coinmarket, is a platform that allows users to monitor all information related to Cryptocurrency. It simply serves as a support tool for users to observe fluctuations in the virtual investment market.
You can find everything on the official interface of Coinmarketcap (Coinmarketcap.com). From the current circulating rates of various cryptocurrencies to statistics on the number of successful transactions in a day or the total market capitalization of exchanges.
As of now, Coinmarketcap has updated over 1000 cryptocurrencies. Therefore, to know whether the digital currency you want to invest in exists or not to avoid scams, you can refer to and follow the official information about that coin here!
Introduction of the homepage interface of Coinmarketcap and some basic information
To effectively use the Coinmarketcap platform, users need to understand all parameters as well as the operations required on the platform. Therefore, vietnam – ustrade.org will introduce you to some items on the interface that you need to pay attention to:
- Cryptocurrency: A term referring to digital currency, virtual money, etc.
- Market Cap: An indicator showing the total market capitalization.
- Currencies: The type of currency (or virtual money, or coin).
- Assets: Represents the type of virtual currency issued based on open algorithms of previous cryptocurrencies.
- Dominance: Reflects the dominance of a coin in the market.
- Circulating Supply: Indicates the amount of digital currency that has been mined and is circulating in the market.
- Volume: Represents the trading volume over the past day.
- % Change (24h): The change value of cryptocurrencies, calculated as a percentage increase or decrease by the system.
- Price Graph (7d): A chart showing the change in the value of cryptocurrencies over the past week.
- Price: Indicates the current value of the virtual currency, calculated in USD. You can replace this value with others such as EUR, etc.
- Market Cap: Shows all cryptocurrencies still being traded on different investment platforms.
- Trade Volume: Shows the trading volume of each coin, aggregated by exchanges over the past day.
- Trading: Indicates the latest upward and downward trends of the market.
- Tool: A collection of useful tools such as charts, trading history, Bitcoin trading platforms, price comparison utilities, or related community information about cryptocurrencies, etc.
Guide on how to view detailed information about a coin
The main interface above only provides some information related to that virtual currency. But if you want a more comprehensive and detailed view, users can access each coin on the interface to get additional information related to the cryptocurrency you are interested in.
Below, vietnam – ustrade.org will give you an example of Bitcoin! A very “hot” virtual currency right now!
As you can see, the system will show information such as:
- Name and symbol of the digital currency
- The current transaction value of that currency
- The total market capitalization
- The number of transactions in the past day
- The amount of digital currency mined and circulating in the trading market
- The maximum number of Bitcoins available on the market
- Other information such as: Official website of the currency, blockchain recording transactions, trading community, exchange rate chart of the coin, etc.
Guide on how to view exchange platform information
Top 100 By Adjusted Volume, Top 100 By Reported Volume, or information about trading pairs and their fluctuations in the crypto market, are additional functions updated by Coinmarketcap for users to understand more about trading platforms at times such as: within 24h, 7 days, or 30 days prior.
With these new functions, users will easily access useful information for investment or trading decisions on the exchange.
When using the Coinmarketcap platform, many users focus only on adjusted indices (Top 100 By Adjusted Volume) because this table objectively and realistically reflects the volume of ongoing transactions.
However, according to actual assessments from Bitwise, the statistics on the system are not all genuine. The survey results show that the trading volume recorded is quite low compared to the figures on Coinmarketcap. Therefore, users should not rely too heavily on these ranking indicators!
Watchlist function on Coinmarketcap
Watchlist – An intelligent aggregation feature on Coinmarketcap. True to its name, Watchlist provides information related to the coin you are interested in based on your cookie access. Therefore, only when you delete cookies, will the Watchlist no longer store information about the coin.
If you accidentally delete your cookies, you just need to add back the list of coins you want to watch. Then, next time, just access CMC to view your Watchlist statistical list!
Conclusion
Thus, vietnam – ustrade.org has comprehensively, objectively, and accurately summarized the information related to Coinmarketcap. Hopefully, with this information, users will gain useful insights that can assist in their investment and trading on the market in the future!
