No matter what you’re looking to do with rocket bunny coinmarketcap, we’ve got you covered. Coinmarketcap is a popular tool for tracking the information of cryptocurrency markets, their prices and trade volumes. We’ve put together this post to give you some insight into the top ten tips for using Coinmarketcap.
#10: Filtering Your Results on Coin Market Cap
The default settings are usually good enough but if you want finer control over what results show up in your list of coins, take a look at these filters: “Rank”, “Volume”, “Market Cap”, “Price (USD)”, and “Price (BTC)”.
#9: Selecting a Starting Date and/or Currency
This may not be used by everyone but it can come in handy if you’re looking to buy or sell a certain coin. Maybe you want to see how much you can make off of a current investment, or maybe you’re planning for the future and want to see what the price of a coin might be in three years? It’s all possible if you select “Date” from the drop down menu. If there’s no date filter, check the box that says “Show all dates”.
#8: The Importance of Volume
Volume is an important number because it tells us how much is actually being traded at any given moment. In general, large-volume coins are likely to be more stable and credible because there’s a larger demand for them. If you see that a coin is trading at low volumes (less than 20k) then it might be wise to take that into consideration.
#7: The Number One Filter: “Market Cap”
This filter is the most-important of all because it displays the total value of the coin. Look at this post to find out why market cap is important for cryptocurrency investors. As you can tell from the numbers above, markets are still very much in development and that means that other coins are also extremely volatile . If you don’t want to do your own market research, then select “Coin Market Cap” as your filter.
#6: The Key to Understanding Market Capitalization
Market cap is the total value of a cryptocurrency’s market. It might not be a perfect metric but as you can see, it works very well in helping us gauge the health of the crypto community. The number above comes from Coinmarketcap.com , so you can be sure that it’s accurate information!
#5: Filter Your Results by Date
If you would like to focus on more than just the cryptocurrency market, then this could be helpful. When you filter via “Date” you can select from just the last few months, the last year or even span back to January of 2009.
Most coins on Coinmarketcap have multiple different market cap filters to choose from. If you’re interested in seeing which are the most popular coins, then look for the “Market Cap” section of this menu. If you’re looking at Total Market Cap , then that’s one thing. If your goal is just to find price movement of a certain coin within the cryptocurrency community, look for “MarketCap”.
#4: The Coins You Hold
If you’re interested in going through a list of your holdings, then simply type in the coin name into the search box. To find more about your coins, such as their total supply or their block explorer, click on them and you’ll be taken to a page that has more information. Good coins have similar values for the following things: “Circulating Supply”, “Max Supply”, and “Market Cap”.
#3: Finding More Information About The Coins You Hold
After you’ve taken a look at your holdings, why not see what they’re all about? You can get links to all of this information by clicking on the coin names. Most of the links will take you to Coinmarketcap.com but some may go to other places for more research.
#2: The Order Book
If you’ve ever wanted to get a feel for how trades work, then this is the tool for you! You’ll see that the “Total” column represents both buy and sell orders. If you’re interested in checking out the specific prices of different coins, then click on one in order to get more information about it. You can also see where the money is going in and out by taking a look at the “Buy Orders” and “Sell Orders” columns.
#1: The Best Site for Research
This is the best place to learn more about a coin. Right here, you’ll find market cap, circulating supply and even a block explorer if they are available! This information is all stored real-time so you can be sure it’s up-to-date.
Summary:
As you can see from the list above, Coinmarketcap has numerous tools at your disposal that will help identify the key aspects of any coin’s value. Track new coins, follow the price of older coins and other valuable insights.
