How to

Learn how to navigate CoinMarketCap, a listing of crypto assets and exchanges

CoinMarketCap (CMC) is a web portal where we can find detailed information about more than 1600 cryptocurrencies and tokens, especially in the financial area. For example, you can know the volume of the market, the total amount of coins in circulation, the capitalization of the cryptocurrency, as well as graphs related to the evolution of its price, among others.

On the other hand, we have the fact that the data displayed on the portal is checked by the CMC team and that a crypto asset must meet certain criteria to be added. Among the main ones are: must be an encrypted token; It must have an API that reports the last quoted price; must have a trading volume greater than 0 and must have a daily trading volume of at least $100,000. Once these requirements are met, you can fill out request form for adding currency to the portal.

The main portal of CoinMarketCap. Source: CoinMarketCap.

The portal is divided into three parts. At the top are the totals for the site. Then we will find a menu where we will see some interesting options that we will explore later and a list of cryptocurrencies, ordered by default according to their level of market capitalization.

The totals are on the top bar and are divided into:

cryptocurrencies: Total cryptoassets and tokens registered on the portal.

Markets: Total number of exchange offices registered on the platform.

Chap. Market: The sum total of all coins in circulation, multiplied by their individual fiat currency value.

Volume 24 hours: Total market movement in the last 24 hours, expressed in fiat currency.

Dominion BTC: Refers to the dominance that bitcoin’s capitalization has over the total market capitalization.

In the menu section, we will have, first of all, the Market Capitalization section. Here we can see the separate capitalization of both cryptocurrencies and tokens, as well as the shared value.

We have the Trade Volume option, where 3 options will be listed: 24-hour volume level (Currency), 24-hour volume level (Exchange) and finally, monthly volume level (Currency).

List of market volumes by cryptocurrency. Source: CoinMarketCap.

In the previous picture we can see the list amount of coins in the last 24 hours. In this section, coins will be ranked from highest to lowest, depending on the percentage of their daily movement in relation to the total value.

The lists are organized as follows:

Source: it is the exchange where the movements were made.

Par: Refers to the cryptocurrency for which the asset was exchanged.

Volume (24h): is the volume of movement in the last 24 hours, expressed in fiat currency.

Price: it is the average price of the cryptocurrency in each exchange.

Volume (%): is the volume taken by that exchange in relation to the total movement of the currency.

Market volume by exchange, by exchange. Source: CoinMarketCap.

In the previous picture, we see the listed exchanges, ordered from the largest to the smallest according to the percentage of the exchange’s volume that they occupied in the last 24 hours.

Regarding the organization of the list, the only thing that differs in relation to the volume of coins is that in this case the coins that had the greatest movement will be organized.

Monthly volume of movement. Source: CoinMarketCap.

Finally, in the volume list, we have the Monthly Volume Level option. In this list, we can see coins organized from highest to lowest, depending on their movement in the last thirty days. Likewise, we can see weekly and daily movements.

Before we continue, we need to point out something that can be confusing: the monthly volume is calculated how much the currency has moved in the last 30 days, but not how much it moved in the current month; The same thing happens in a week or in a day.

On the other hand, we have the Trend section. In this list we will see two options; a list of winners and losers, where the currencies that had the most movement will be up or down. Likewise, there will be a list of new cryptocurrencies or tokens added to the platform.

List of winners or coins that had a higher percentage increase. Source: CoinMarketCap.

What you see in the previous image is a list of winners or coins that have had the biggest upward movement and also have a market volume greater than $50,000. The list is organized from largest to smallest according to the time period we choose, whether it is 1 hour, 24 hours or 7 days.

As with the previous lists, the columns are organized by cryptocurrency name, symbol, volume in all exchanges (expressed in fiat currency), the current price of the cryptocurrency, and finally by the percentage of its increase compared to the last 24 hours.

List of losers. Source: CoinMarketCap.

At the bottom we will see a list of losers or cryptocurrencies whose price has decreased.

It should be noted that markdown percentages are different from markup percentages because when we talk about an increase, we are saying that the price has increased by a certain percentage from its previous price. That is, for the price to double, it must have an increase of 100%.

On the other hand, when we talk about percentage decline, we are talking about the decline compared to its last price. If a coin has a reduction of 100% it means that it loses its full value. To better illustrate this, let’s imagine that a cryptocurrency has a value of $2, if it had a 50% reduction, 50% would be subtracted from its original value, resulting in $1 or half of its price. To return to its old value of $2, it must have a 100% increase that doubles its current value, which would be $1.

On the other hand we have the Recently Added section.

List of newly added cryptoassets. Source: CoinMarketCap.

These are the latest cryptocurrencies or tokens added to the platform. As you can see, in the Added column we can see how old it is on the page. If we see a question mark in the market capitalization or outstanding shares, it is because CMC has not yet been able to verify that the declared value at the time of listing is the same as that in circulation.

Finally we have tools, where we can see global graphs, which represent the total values ​​managed by the portal; Old images, which is the history of the site sorted by date; A website application, which will generate code that we can, among other things, insert into our site.

List of cryptocurrencies

CoinMarketCap list of cryptocurrencies. Source: CoinMarketCap.

One of the main sections that make CoinMarketCap so popular is the list of cryptocurrencies. This list is organized, either in chunks of 100 cryptocurrencies at once, or the overall list by selecting Show All. The list is standardly ordered from highest to lowest depending on the asset’s market capitalization. We can change this by clicking on the name of the column we want to sort the list with, either from largest to smallest or from smallest to largest.

The columns show us the name and symbol of the cryptocurrency, its market capitalization, as well as its price and volume of handling in the last 24 hours, the number of coins in circulation (if we see a star on shares in circulation, means that the specified asset cannot be used),

percentage changes in the last 24 hours and finally we have a chart of price variation in the last 7 days.

Cryptocurrency details on CoinMarketCap

In CoinMarketCap, in addition to general data about cryptoassets, we can also see some more detailed data. To begin, we just have to click on the name of the currency we want to see.

Cryptocurrency details section. Source: CoinMarketCap. As you can see in the image above, this is detailed information about bitcoin. On the left we will first see the level occupied by ugeneral ranking of cryptocurrencies

, below is the official website. On the other hand, we have one or more block explorers depending on the cryptocurrency. In the Message Board we can access the BitcoinTalk thread of this coin and, finally, the source code, which will send us to the repository where its code is located.

On the right side, we will see, at the top, the current average value in fiat currency, together with the percentage movement of its price. Below this, although it cannot be seen, since we are in bitcoin, we will see the price in BTC currency, in this case it is 1. Likewise, below the price we will see data such as the current market capitalization. The number below the capitalization amount refers tothe total number of cryptocurrencies in circulation

. Volume (24h) shows the amount of coins that have been moved in the last 24 hours. Outstanding Shares and Maximum Shares show the total amount of assets that will exist and those that are currently outstanding.

At the bottom we find another interesting section. First of all, we will see the historical chart, where the displayed time period can be adjusted. Below the price chart we will have volume, which will go hand in hand with the chart above. If we hover over this data, we will see details such as market cap, price in fiat currency and in BTC or ETH, depending on the asset and volume represented at the time.

At the top of the chart we will see different sections such as: Markets, Social Networks, Tools and Historical Data.

Markets are exchanges where cryptocurrency is offered.

Markets where bitcoin is exchanged. Source: CoinMarketCap.

In this section, we will find the markets that handle this cryptocurrency, along with the pair it can be traded on.

In the Social section, we usually find a Twitter account and subreddit assets. In Tools, we can generate a script that can be added to our web portal, which will inform us about the price of the cryptocurrency displayed on CoinMarketCap. In the previous data, we can see the historical data of the property in question.

Some features of CoinMarketCap

CoinMarketCap, apart from being one of the largest cryptocurrency listing portals, has several interesting features. First of all, we have the fact that Anyone can add a cryptocurrency or exchange on the platform, as long as it complies withcertain characteristics to be approved

. Among them, in the case of cryptocurrencies, is the fact that it must have a daily volume of more than $50,000 and that it must be offered at an exchange registered on the platform. Otherwise, the exchange must be registered and, in order to be approved, must meet the condition that internal commissions cannot be equal to 0 because, if it is, the exchange is automatically rejected.

On the other hand, if a project turns out to be a scam, such as Bitconnect, it is not automatically removed from the platform and there is no set time or requirement for its removal. In these cases, all that remains is to wait for said cryptocurrency to be withdrawn at some point. This can cause confusion, as projects that have stopped being developed and exchanged are still listed on the platform.

Sometimes we can find coins among the daily winners with excessive growth, with percentages of, for example, 600%. This can be a little misleading. First of all, we must consider the amount of this cryptocurrency, because if this value is low (for example, $10,000) it may be the result of a manipulated escalation of its price.

Likewise, if we see a cryptocurrency with a strong price drop among the losers, it may be due to assets that belonged to a pyramid scheme. When this scheme fails, it causes a fairly pronounced drop in price, as happened at the beginning of the year with Bitconnect.

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Featured image from CoinMarketCap

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