In the world of crypto, traders are in a constant search of different trading tools that provide information about their favorite crypto. There are numerous crypto tracking tools like CoinMarketCap, CoinCap, etc. which shows the real-time data. So, what makes CoinGecko Crypto Portfolio Tracker different from others? Let us find out in this CoinGecko review.
CoinGecko Portfolio Review
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About CoinGecko
CoinGecko is a “cryptocurrency ranking and evaluation site” that lets users to track different coins and have access to qualitative data and metrics that can aid in the making of trading decisions. The Crypto Portfolio Tracker evaluates the prices based on a number of factors and indicators.
These include developer backing (it tracks the ‘public source code repositories’); community activity which is an indicator of community backing and growth potential; liquidity (which measures altcoin’s true market potential); online ranking (alexa ranking) which defines its web traffic and publicity; and market reach (shows the ‘market capitalization share’).
Additionally, it draws data from crypto projects’ Twitter followers, Reddit subscribers, and other coin community platforms, as well as the cost of a 51% attack, the number of developers working on the coin.
The project was founded by Bobby Ong and TM Lee. Bobby is a University College London Economics graduate while TM Lee is a Purdue University Computer Science graduate.
Also Read about: Vertfolio Portfolio Tracker Reveiw | Cointracker.io Review
How Crypto Portfolio Tracker works?
Next part of CoinGecko Review is the working section.
CoinGecko supports more than 100 cryptocurrencies including popular ones such as Bitcoin, Ethereum, Litecoin, Ripple, Stellar etc. In addition to this, there are also many other small time coins that have been listed including Neo, EOS, Cardano, Verge, DogeCoin, IOTA, Qtum, Dash, ZCash.
Additionally, The “sign up button” on the top right corner of the website allows you to create an account in just 10 minutes, by filling up a few forms.
Moreover, Users are able to also track upcoming ICOs they can invest in. To do this, click on the ICO tab on the website.
Clicking on the “Coins” tab takes you to a page that lists more than 2000 coins or altcoins or tokens, with their price, change in price in the last 24 hours, their market cap, their liquidity, percentage score for developer activity, percentage score for the community support, and percentage score for public interest. For instance, from the list, you can see that Bitcoin, which has largest market cap, also has 97 percent of developer score, 89 percent of community score and 43 percent score on public interest.
Moreover, Clicking on each cryptocurrency on this list offers more in-depth analysis including charts and changes in the last 60 days, 30 days, 14 days, 7 days, and 24 hours.
You can also track the prices for particular pairs on different exchanges in the last 24 hours. Besides, those wanting to track events in the cryptocurrency space can do that by clicking on the “Events” page.
CoinGecko Features
CoinGecko Website
First and foremost, CoinGecko Portfolio Tracker has a website that shows a detailed list of cryptocurrencies. Specially, The plus point of this list is that CoinGecko shows a graph of last 7days at a single glance. However, Other websites require the users to click on their desired crypto for price graph.
CoinGecko Mobile App
The crypto tracking tool has its own full-fledged mobile application that is compatible with Android and iOS.
CoinGecko API
The crypto data aggregator provides a Free API for commercial purpose. Additionally, One can add this API to their website/blog without much hassle.
CoinGecko Beam
This feature helps to improve transparency amongst blockchain projects. The feature was launched in Nov 2018. In Addition, With the launch of Beam, users can easily follow and receive short project updates from multiple token teams, without having to search through social media and project blogs.
Trust Score
Trust Score is used to measure liquidity on trading pairs and on crypto exchanges, it is expanded to also measure overall liquidity, scale of operations and API coverage. Moreover, To combat fake volumes, Trust Score was launched in May 2019 and further Trust Score V2 was revised in September 2019.
Company Information: Website | Twitter | Facebook | Instagram | Telegram Official | BitcoinTalk | Newsletter
Image Source: CoinGecko
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CoinGecko Portfolio Review
Summary
Overall, CoinGecko has a scope to become the top crypto tracking tool
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FAQ
CoinGecko has a scheduled update
i) Price, trading volume, market capitalization – Updated every 1 to 10 minutes
ii) Available supply – Updated every 5 minutes
iii) Developer, Social and Alexa Data – updated once per day
iv) Blockchain information (Mining difficulty, total blocks, transactions per second etc.) – updated every 1 hour
No, CoinGecko is neither a wallet nor an exchange. Moreover, It is a crypto tracking website that provides a 360 degree overview of digital currencies.
CoinGecko filters out inaccurate data using an internal formula. Such data are marked as grey.
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