CoinMarketCap: What it is and how it works – English tutorial

coinmarketcap

If you don’t know the CoinMarketCap website, you should have done it before:), but don’t worry, in this article you will learn to use all the options and have at your fingertips all the most valuable data and information of this site of capitalizations of the CryptoMonedas market.

What is CoinMarketCap?

It is simply a market for capitalisations of cryptocurencies. It tells us the total price of the digital currency market, but it also gives us very useful information about all the cryptomonedas that appear in your listing (the vast majority). By the way, if any currency does not appear in this market it may not be a prominent and honest cryptomoney.

How does CoinMarketCap work and what do we find inside?

We have prepared a tutorial with images to show you in a simple and clear way all the data that can make your life much easier when investing in cryptos. Enjoy it!

Click here to access CoinMarketCap

Image 1 – What we found just logged on to the website

coinmarket-imagen-panel

Yellow:

Above all marked in yellow we find the total number of Cryptocurrencies (coins and tokens) that appear on the website. Also the number of markets that appear on the web.

Total capitalization “market cap“. This is the total value of all the coins available on the website. At the moment of capturing this image, it is 461 billion dollars.

24h Vol: the volume of purchase and total sale within the last 24 hours. The picture shows 18 billion and slightly more dollars.

The dominance of the BTC. That is, the total percentage of capitalization that Bitcoin alone has. In this case, it is 39.5%. If we put all the other currencies together, they only have a little more value than Bitcoin on the market.

Green:

Market Cap: we can choose to order by all available currencies, or only by Coins or Tokens, We could say that Coins are major currencies and Tokens are created from the technology and blockchain of those major currencies.

In Trade volume, we can organize by volume within the last 24 hours of the markets (exchange) or by ranking each currency.

On the Trending tab, you can see the currencies that have gone higher and those that have gone lower in value (Gainers and Losers). We can also find recently added currencies (recently Added).

Tools: these are tools that we can incorporate into our website, such as widgets or historical statistics.

Red:

As we have already mentioned before, we can order by all the cryptomonniques, either by Coins or Tokens.

Blue:

Market Cap: the total value of each currency in the market. Gathering all the units in circulation at that time.

Price: the price of each currency at the current time. Per unit.

Volume (24h): this is the volume of purchases and sales that have been generated in the different markets within the last 24 hours.

Circulating Supply: the total number of coins in circulation.

Change (24h): the percentage that has increased or decreased each currency within the last 24 hours.

Price Graph (7d): the graph showing the price evolution of each currency within the last 7 days.

Orange:

Search box, where we can search for any currency using its full name or symbol.

Image 2 – We go inside each coin

coinmarketcap-valores-criptomonedas

In this example case, we have clicked on the Ethereum currency and it automatically directs us to the chosen currency.

Let’s analyze the data we found on each coin:

Yellow:

We look at the current price of the currency in USD, the exchange rate within the last 24 hours and its price in Bitcoin.

We also see the total capitalisation, volume or number of coins in circulation. These are all data that we have already mentioned above.

Orange:

Within this color, we find relevant data to analyze the cryptocurrency:

Website: the website. Here we can find information about the currency crypto, your project, etc.

Announcement: usually news, forums or information about the currency.

Explorer: these are places where we can see the transactions (hash) of each coin.

Message Board and Chat: these are also forums or sites where we can find relevant information about the asset.

Source Code: source code, where we can find information related to currency programming.

Red:

Charts: coin statistics and graphs. We can sort by time.

Markets: that tab is very interesting. It is where we can find all the markets (exchange) where you can buy and sell this digital currency. In this case Ethereum (ETH).

Social: these are social networks. Something interesting to extract information and keep you informed.

Tools: tools for our website as Widgets.

Historical data: historical data of the crypt.

Green:

These are the graphs that appear when we have clicked on the “Charts”tab.

I am sure that with this tutorial, you will now know exactly what is coinmarketcap, and you will also know how to use it and extract the maximum amount of information.

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