Beginner’s Guide: How To Use CoinMarketCap?

What is CoinMarketCap?

CoinMarketCap is a cryptocurrency technical analysis tool that help crypto traders make better decisions.

If you are an old hand at cryptocurrencies, then you will land on CoinMarketCap or Coincasso. Then traders make better decisions, by using CoinMarketCap (as cryptocurrency news it covers) and use CoinCasso cryptocurrency exchange.

So without any delay, let us focus on all the details required to know while using CoinMarketCap

CoinMarketCap’s Features:

Global Market Metrics

The foremost step to follow during learning how to use CoinMarketCap is, reading global market matrics. You can see various metrics glance at the home page that offers a rough idea of the market status.

These metrics include events that help crypto traders with the total no. of listed cryptocurrencies and ranking markets, how much money flowing in or out in the CMC ecosystem, the graphical statistics of data, total crypto exchanges during 24 hours, and the Bitcoin dominance.

Accurate Coin Metrics:

This feature shows detailed coin information called the “market pairs” tab. Once you click on a coin, you will move to the individual coin’s dashboard.  That shows listed metrics:

• Market capitalization
• Trading volume
• Price (in US dollars, BTC, and sometimes ETH)
• Circulating, Total and Maximum supplies when available
• Chart data

Cryptocurrencies, Derivatives, DeFi, Storage and Yield Farming

You can find several ways of envisioning crypto assets other than just the homepage. All crypto traders can analyze crypto-assets of certain categories, such as the most popular derivatives, DeFi, storage, and yield farming. The most amazing feature CMC allows you is to search specific info using the filters (tab on the right-hand side) by remaining on the home page.

Create Your own Watchlist

CoinMarketCap has a watchlist feature that allows the trader community to star your favorite cryptos to a quick review of how they are doing.

Gainers and Losers

In terms of the price action of coin and volume, it is worth exploring the biggest gainers and losers in the crypto market. CMC offers this feature to keep your eye on buying top list coins.

 Informative Blog

CoinMarketCap has a blog! Just like Coincasso. You can learn crypto analysis, news, education, product announcements, and more.

Moving further, besides just Price Rankings CMC offers:

• Headlines: It is an aggregator of cryptocurrency and blockchain headlines, stories from top crypto newspapers.
• CMC Alexandria: If you want to learn beyond the crypto ranking, then you can use this crypto and blockchain encyclopedia to get all answers to your questions.
• CoinMarketCap Earn: This feature allows you to learn about specific crypto assets.
• Exchange Events Page: Check out live giveaways and promotions offered by a variety of platforms.

Historical Data in CoinMarketCap

Everyone says History has all answers that you are looking for. If you want to use CoinMarketCap, then, first of all, you have to start thinking about historical data. You can use this data for backtesting trading strategies.

People pay thousands of dollars to have reliable historical data. Fortunately, CoinMarketCap offers an excellent feature to view historical data. Data view offers daily prices, market cap, the volume of a given coin from the beginning. And that historical data view is more efficient, than a graphical view. To access this feature, you have to go on the coin dashboard and select “Historical Data” in the right tab.

Historical Snapshots

This super cool feature offers an overview of the past cryptocurrency market of a specific date. For example, if you want to check coin price and market cap on 25th December 2016, then you have to access the historical snapshot data. Operate the option “Tools” located on the top of the navbar, and then select “Historical Snapshots.”

Key Takeaway

CMC (CoinMarketCap) has 2021 all rights reserved to covers all events report that help the crypto traders community to make better decisions using reliable cryptocurrency news. If you are interested to learn more about cryptocurrencies and wondering to become a trader, then you can also open your account into CoinCasso. Both of these platforms help crypto traders make better decisions by covering all events and reliable cryptocurrency news in the economic calendar. Even more, CoinCasso offers an Affiliate program, the Ambassador Program, and the Organization of competitions with LiveChat (24/7) support.

• How to use Metamask? A Simple Tool With Various Benefits!
• How to use crypto trading bots?