Whether you are an experienced or new crypto trader, it is better to stay up-to-date on price movements, trading volume over the past 24 hours, and cryptocurrency market capitalization. Thus, it is impossible to miss Coinmarketcap.
After learning and trading, new traders usually tend to check the price of the exchanges that they are using. However, if the exchange does not list those coins & tokens, how will you check the price? This is a basic website that many crypto traders often use to check prices: Coinmarketcap.
Registered the domain name from April 2013, Coinmarketcap is now one of the most long-lasting and trusted websites, constantly updating statistics on the cryptocurrency market capitalization. You can use it to check the price movement of the coin/token.
What is CoinDesk?
According to data from Similarweb, the traffic of this website is about 340 million/month (as of November 2021) as in the screenshot below:
In addition, there are 3 useful features of CoinMarketCap that you should focus on:
- Total Market Cap: Total Market Cap is the total capitalization of the cryptocurrency market. This will tell you the current size of the entire cryptocurrency market.
- Volume 24h: Volume 24h tells you the total trading volume of the entire crypto market in a day and USD. Simultaneously, when looking at the trading volume of any coin, you will know if that coin has a low or high liquidity.
- BTC Dominance: This is an indicator showing the dominance and influence of Bitcoin compared to the whole market. It also shows the market capitalization movement.
You can access Coinmarketcap through HERE
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Disclaimer: This article is for informational purposes only, not investment advice. Investor should research carefully before making decision. We are not responsible for your investment decision