As a crypto enthusiast, you possibly would have heard about CoinMarketCap.
CoinMarketCap is a well-referenced website that provides accurate, well-research, and unbiased, real-time market information on cryptocurrencies (coins & tokens).
The interesting part is that its features are free to use which CoinMarketCap making it a go-to resource for information on cryptocurrency, this in turn earns the website with millions of daily hits/visits.
In this article, I’ll be showing you smart things to do on CoinMarketCap being a free online tool to use.
If you’re already familiar with cryptocurrencies, there is a good chance that you already know what to do: search for the crypto asset or crypto exchange you’re curious about and go through the data that pops up.
Key Takeaways
• CoinMarketCap is referenced and one of the most popular and accurate cryptocurrency information websites since its debut in 2013.
• CoinMarketCap is versatile and supports investors’ portfolios across coins and exchanges.
• On CoinMarketCap, you can earn while you learn from its fast tract crypto course program.
SEE ALSO: All You Need To Know About CoinMarketCap Airdrops
SEE ALSO: How to Use CoinMarketCap to Track Your Crypto Portfolio
However, if you are a new investor, chances are that a search query you conducted concerning cryptocurrencies popped CoinMarketCap on the SERP.
Below, CoinMarketCap ranks #1 for the “Cryptocurrency” keyword and that is awesome and proves a point that it is trusted by search engines to deliver value to users.
In any case, whether you’re an expert crypto investor or a new crypto investor, let’s examine five smart things you can do on CoinMarketCap even if you’ve been using the website for a while, as there’s always the possibility of learning or discovering something new.
1. Analyze the Crypto Rankings on CoinMarketCap
On CoinMarketCap, one smart thing you can do is to analyze and examine the cryptocurrency rankings.
Even if you’re completely new to the platform, you’re certain to discover something informative there.
When you take a look at a crypto coin, say Ethereum for instance, on the webpage, you will find numerous bits of data regarding the crypto.
Specifically, the market capitalization, price, 24-hour and 7-day fluctuation, volume, and circulating supply of the crypto coin can help you make informed decisions.
CoinMarketCap also includes a little graph visualization, so you can view the performance of any crypto coin in the previous week.
2. Get Ranking and Stats About any Coin
If you happen to have a cryptocurrency in mind which you wish to know more about, all you need to do is to search for the crypto on CoinMarketCap and click on it to get to the coin details page.
Also, the “market pairings” tab is one of the most essential pieces of information on the coin details page.
Each market pair has its confidence indicator, which can be of great help to you in selecting an exchange to trade with.
This confidence score represents an exchange’s liquidity, as the more liquidity it has, the easier it will be to trade cryptocurrency on the platform.
3. Explore Derivatives, DeFi, Storage, and Yield Farming
As a crypto investor, if you have an interest in knowing more about crypto, derivatives, DeFi, storage, and yield farming, you are in luck as CryptoMarketCap provides information on all of these for investors like you to make judicious use of.
You can utilize the filter option on the right-hand side of the website to search for something even more specific during your time on the website.
4. Participate in the CoinMarketCap Earn Program
For investors who are seriously interested in cryptocurrency and want to be compensated for knowing more, CoinMarketCap Earn runs programs that reward you for learning more about a certain crypto asset.
Furthermore, to make things a lot easier for you, CoinMarketCap has provided an online crypto encyclopedia on its website called Alexandria that can answer your every query and provide you with more than enough information on all things crypto.
5. Keep track of your assets on CoinMarketCap
Talk about saving the best for last. CoinMarketCap offers its users a portfolio where they can manage and monitor the performance of their crypto assets while on the go.
Investors who have a crypto portfolio on CoinMarket Cap can easily keep track of their crypto assets and usually know the right time to sell or hold their crypto assets to avoid incurring losses.
Final Thoughts
CoinMarketCap is an important website that has helped a lot of crypto investors in terms of providing them with the information they seek.
Whether you are a new investor or have been around for some time, it does not matter as the website is user-friendly and very convenient for every one of us.
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