When it comes to cryptocurrencies, investors routinely spend a lot of time looking for the latest token or currency, or the one with the most exciting or most underestimated prospects. More experienced investors look at different exchanges of cryptocurrencies and related apps and services in order to maximize their investment potential. However, fewer individuals investing time and money in the cryptocurrency space spend time considering the impact that a digital currency price tracker has on their experience.
In short, a cryptocurrency price tracker monitors the current value of any number of different currencies and digital chips. Many of these services also provide different types of historical data, allowing users to compare current prices with older ones and even compare the performance of multiple cryptocurrencies with one another. Although it may seem obvious, the accuracy of the price tracker used by an investor has a significant impact on investor decisions, as well as on the timing and success of its investments. A tracker that is updated consistently and in a timely manner and that uses reliable data in the calculation of its values is a must. However, there are many other considerations to keep in mind when selecting a cryptocurrency price tracker, including ease of use by customers, the range of digital currencies and tokens covered, and the suite of extra tools and information available. Read on for a comparison of several of the most popular price monitoring sites and services.
Coinmarketcap
Coinmarketcap has been the "go-to price controller" in the world of cryptocurrency for as long as anyone can remember ", according to bitcoin.com There are a number of reasons for the dominance of this site in the field of monitoring services. First of all, it is extremely user-friendly.When you are navigating to the page, potential investors see a list of the first 100 cryptocurrencies by market capitalization.Each digital currency includes a large amount of data ranging from the current market price and price per 24 hour trading volume, the circulating supply of tokens or coins, the percentage change in value in the previous 24 hours and a price chart of seven days. Click on each single cryptocurrency and you will see more details about that particular currency or token, including historical performance graphs across various time intervals, total supply and more the subdivision of the trading pair, the 24-hour volume and the current price for individual cryptocurrency in several stock exchanges. An investor can quickly compare the price of the currency on multiple platforms at the same time, establishing which is the best option for buying or selling.
Furthermore, Coinmarketcap is not limited to the 100 best digital currencies; click on the following pages to also see the less known digital currencies.
Coinlib
While Coinmarketcap may be the most recognizable digital currency price tracker at the time of writing this document, there are a number of others offering a selection of competitive services. Coinlib is a less well-known price monitoring site that includes several useful tools in addition to the basic price monitoring system. Since bitcoin remains the most popular and largest digital currency by market capitalization, Coinlib includes a "bitcoin domain" measure at the top of its page. This figure, together with the total capitalization of the cryptocurrency and a selection of data for each single cryptocurrency that is similar to that of Coinmarketcap, is updated in real time. In addition, Coinlib includes a comparison tool that allows users to view statistics on up to four coins or tokens placed side by side. It also offers a better explorer price to help investors identify arbitrage opportunities and exchanges that could offer them the best value for their purchases and sales.
Bitgur
Bitgur is another emerging cryptocurrency price tracker. As for Coinlib, the basic structure of this site is very similar to that of Coinmarketcap. What it offers regarding the unique features is a useful filtering system. The Bitgur site allows users to filter the results of the cryptocurrency based on the type of category, year and technology. Therefore, investors with particular attention, for example, to cryptocurrencies related to raw materials will have the opportunity to fine-tune their research. Bitgur also offers its own tool for forecasting BTC tariffs, a volatility index and a watchlist function similar to brokerage services.
Apogee
Like Bitgur, the Apogee platform offers users the ability to create a personalized portfolio and monitor progress. In particular for those investors with interests in a large number of different cryptocurrencies, this service can be a particularly useful way to filter out unnecessary information and collect data in one place. Apogee aims to simplify the user experience by including links to cryptocurrency exchanges, analytical tools, portfolios, podcasts and even popular digital currency YouTube channels. As with Bitgur, users must create an account through the Apogee platform to use the full range of offers.
Coincall
Coincall offers many of the same monitoring and monitoring capabilities as Bitgur and Apogee. It allows users to build their personal holdings in the broadest list of the best cryptocurrencies so that investors can quickly compare their resources with other digital currency options. In addition, Coincall does not require an account to monitor a portfolio, as long as users access the Coincall page from the same device over time.
Coinliker
Coinliker does not offer many of the same features and services as the price tracking sites mentioned above. Nonetheless, it can be a very useful addition to investor cryptocurrency instruments for at least two reasons. First of all, Coinliker includes a chart at the top of its main page that indicates the most popular digital currency holdings among its users. It can be seen, for example, that the ripple could be a more popular participation of BTC, even if BTC is positioned higher in terms of market capitalization. Secondly, Coinliker includes a "random" button that allows users to explore obscure altcoins on a whim.
CapCompare
It is unlikely that CapCompare is the only choice for a cryptocurrant fan for a price monitoring site. The CapCompare website is a little awkward, with broken images and lackluster images at the time of writing this article. However, it is incredibly useful to do what its name suggests: CapCompare allows users to quickly and conveniently compare the limits of the cryptocurrency market with those of NYSE companies and even entire countries.
While accuracy and reliability may be the two most important considerations when selecting a cryptocurrency price tracker, the list above shows that there are many other services and features to think about. As the prices of digital currencies change seemingly instantaneous, it may not be possible to look at multiple sites in the heat of a potential transaction. However, choosing and choosing from the various features included in the above list is a good way to gather as much information as possible before moving on to a purchase or sale.
Investing in cryptocurrencies and Initial Coin Offerings ("ICOs") is highly risky and speculative, and this article is not a recommendation of Investopedia or the writer to invest in cryptocurrencies or ICOs. Since the situation of each individual is unique, a qualified professional should always be consulted before making any financial decision. Investopedia does not make any representations or warranties regarding the accuracy or timeliness of the information contained in this document. On the date this article was written, the author owns bitcoins and ripples.