An Easy Way to Become a Crypto Expert
There are a lot of cryptocurrencies out there, I mean, there’s something like 1300 or more cryptocurrencies that exist, and this number is growing.
That is a lot of cryptos to try and keep track of!
So I wanted to go over one popular website that can be a very helpful tool when it comes to figuring out what the heck is going on with all of the different cryptos.
Market Cap
Firstly, the market capitalization displayed on this site refers to the overall value of all cryptocurrencies in circulation.
You can also find the market cap and other information for each individual crypto by clicking on their name.
It might take some time but soon you’ll begin to recognize the significance of the market cap when compared to the 24 hour volume, and the maximum supply.
The 24 hour volume is a great indicator for the activity happening with that crypto, and the maximum supply is a hint at how diluted or concentrated the supply will be.
Remember the saying: the lower the supply the higher the demand. This often results in increased prices.
How to find the markets that support the coin
You can find this pretty easily by checking out the page for the specific crypto in question and clicking on the “markets” tab. Here you’ll find a list of exchanges that list this crypto, along with the daily volume these exchanges are seeing for that crypto and other pairs.
Go ahead and take some time exploring this site, you’ll find links to:
- the official website
- the blockchain explorer
- social media like Twitter- where they often post announcements.
Now that you’ve got an idea how to dig a bit deeper in each of these cryptos, let’s take a look at what else you can find using this website
- You can find the list of total cryptos and the list of total exchanges on upper left corner.
- You can search by Market Cap
- Organize the list by coins vs tokens.
(If you’re wondering that the difference between a coin and a token check out my past video that explains the difference.)
In the meantime, you’ll see that this allows you to see on which platform tokens are hosted. - If you’re looking for coins that are able to be mined, you can use this filter here.
You can find the top gainers and losers of the past 24 hrs.
There’s also a currency converter calculator so you can figure out how much your favorite coin converts into other fiat currencies.
There is a link for Changelly to purchase Bitcoin and other cryptos, you can find this link on each page of the cryptos.
There’s also website widgets for those who have websites that you want to display certain cryptos movements on the markets.
Excellent post as always @heiditravels.
Also using the "Announcement" link under each coin, you can see the official conversation on bitcointalk, which can save you valuable time, inform you about dead projects or good opportunities etc.
Also do not forget to check the "Source Code" link, which can indicate if development is ongoing or the project is still unimplemented.
Yes, these are very important to pay attention to. Very often we have to "read between the lines" of the activity of the GitHub for a project to understand if they're really walking the walk!
Thank you for the supplement @ebarakos :)
So many of us have a long way to go to catch up to this locomotive. Thank you for the help. Will bookmark the sight now that I know how much is there. Learning everyday, appreciate it.
I think https://blocktivity.info/ is better for analysis.
Sweet, I'll be taking a look at this as well.
Crypto compare is great too
https://www.cryptocompare.com
You're right, this one also has great, brief descriptions of each coin also.
Well said, thanks for sharing
a lot of people are lacking of research right now. that's studying crypto and project might help you to be wise.
Your review is very interesting. I participate to listen to it thoroughly. Thanks for the information.
Very nice thank you!!! 👏👏👏
What crypto has a big potential now?
Steemit and Bitshares!
I appreciate your work to keep this simple for those of us who are new to the Cryptocurrency universe. Once upon a time I worked in financial services and let me just say your explanations are both informative and easy to understand. Nice work and thanks again.