A Brief Journey into the CoinMarketCap

A Brief Journey into the CoinMarketCap

If you are keen on starting your career in the Cryptocurrency sphere, then you are supposed to analyze coins’ price and meticulously explore the market capitalization and its trading volume to pave the path toward success. More often than not, users in cryptocurrency firmament come up in search results is CoinMarketCap.

CoinMarketCap is a website / platform to get an overview of the cryptocurrency market capitalizations. coinmarketcap.com isn’t an exchange or trading platform. It is just a tool and resource website that provides data on Cryptocurrency price, supply, trading volume, exchange platforms and many other information regarding digital assets.

 

CoinMarketCap is one of the most widely used and the biggest resource website to research Cryptocurrencies that provides up-to-date information about the Cryptocurrency market. This website offers a wide range of tools, data, graphs for both beginners and expert traders.

 

CoinMarketCap is a comprehensive and useful website that summarizes the cryptocurrency market in an all-embracing package. We will go through this site and elaborate the main approaches briefly to make you more familiar with the basic concepts of cryptocurrency market. This cryptocurrency site allows you to compare cryptocurrencies and trading prices.

 

Once you go through CoinMarketCap the first thing that you’ll notice is the table with the list of top 100 cryptocurrencies which are ranked in accordance to market capitalizations. The table depicts the name of the coin / token, its market cap, price, volume, 24-hour change and the price graph of the coin for the past 7 days. 

 

For each cryptocurrency, you can view its:

  • Market cap
  • Price
  • Volume (24 hours)
  • Circulating Supply
  • Change (over last 24 hours)
  • and Price Graph

This website by default ranks coins and tokens based on its market capitalization and also uses USD to evaluate Cryptocurrencies. 

Market Cap is the total value of a crypto and this is one of the most important units to consider when evaluating Cryptocurrencies.

Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public\'s hands.

Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).

Max Supply is the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.

Volume is an important metric that will help you to determine how much of the cryptocurrency is being traded on exchanges, something that you should keep in mind if you are looking to trade or invest in a cryptocurrency.

 

Cryptocurrency Exchanges

A cryptocurrency exchange is a business that allows users to trade cryptocurrencies. There are fiat-to-crypto exchanges, and crypto-to-crypto exchanges. On CoinMarketCap, you can find a list of cryptocurrency exchanges operating around the world, which we also rank based on the volume that they process each day.

 

Counos Coin in CoinMarketCap

 

Counos Coin is based on the Litecoin source code and operates within a completely independent network. The coin uses a SCRYPT-based algorithm which is similar to that of Litecoin

 

Counos Coin is based on the Litecoin source code and operates within a completely independent network. The coin uses a SCRYPT-based algorithm which is similar to that of Litecoin. The proof of the Counos Coin functionality is created via “Proof-of-work” technology in the form of a peer-to-peer network.

The goal of Counos Coin is to provide the highest standards from a reliability perspective for financial transactions and payments worldwide. The unit can reportedly be used to purchase gold from sellers online. In addition, the users are reportedly able to purchase and receive Counos Coin from the community, agencies, or exchange services.

In the following graph you can see the latest statistics related to counos coins. For further analysis and exploring the latest prices you can search through CoinMarketCap.

Counos Decentralized Exchange

 

Launched on 01/10/2019, Counos DEX is a decentralized exchange based in Laki tn 14a, 10621 Tallinn, Estonia

 

Launched on 01/10/2019, Counos DEX is a decentralized exchange based in Laki tn 14a, 10621 Tallinn, Estonia. Counos Decentralized exchange describes itself as a peer to peer and community-based decentralized exchange that aims to empower users to do cryptocurrency trades in a secure and free environment. Credible cryptocurrencies of the world, such as Bitcoin, Counos Coin, and Ethereum, will be supported at Counos Exchange.  Counos Decentralized exchange enables its users to exchange cryptocurrencies with fiat money (i.e. dollar, Euro, et.)

There is no limitation at Counos decentralized exchange to create different sale offers or enter the trades to buy them. Using Escrow, Counos decentralized exchange will not give the final verification until the final verification is announced on the part of two trading parties. Applying MultiSig service in Blockchain technology, the final verification will be preceded by the buyer and seller’s agreement.

Counos decentralized Exchange is an all-in-one platform for trading cryptocurrencies. The users can sell a wide variety of their cryptocurrencies or take measure in buying directly from other different users via Offer board at Counos decentralized exchange

The trades are very much easy and secure at Counos decentralized exchange. Using Counos integrated and secured Single Sign-On (SSO) service, you can employ all the services of the Counos all-in-one platform. In addition to making trades through cryptocurrencies, at Counos decentralized exchange, fiat currencies such as USD, CAD, Swiss franc, and Euro can be used for selling or buying in the trades.