HOW TO USE COINMARKETCAP WHEN TRADING AND INVESTING IN CRYPTOCURRENCY?
CoinMarketCap is one of the world’s highly referenced websites that is used for tracking the price of crypto assets in the fast-expanding crypto space. The mission of the website is to ensure that cryptocurrency is easily discoverable as well as globally efficient. The site offers accurate, unbiased, and high-quality information to crypto users, enabling them to draw their conclusions.
The brainchild of Brandon Chez, CoinMarketCap came into existence in May 2013. The platform has quickly expanded to become of the widely trusted sources by institutions, users, and media for comparing hundreds and thousands of cryptocurrencies. Given the portal’s growth & popularity, Binance Capital Management, the globally recognized blockchain firm acquired CoinMarketCap in April in 2020.
With this acquisition, CoinMarketCap will tap into Binance’s resources to gather additional extensive data into their projects, thus minimizing the information asymmetry within the cryptocurrency industry.
BENEFITS OF USING THE COINMARKETCAP PLATFORM
As far as CoinMarketCap is concerned, the platform is useful in several ways such as:
– Offers useful data, statistics, information, and charts.
– Has information/data about hundreds and thousands of cryptos.
– Provides accurate and reliable information.
– Ranked among the top one thousand largest portals in the globe as per a report shared by Similarweb.
However, most of the crypto investors have no idea regarding how to utilize the CoinMarketCap website to its fullest potential.