I always asked myself: "Coinmarketcap & Coingecko - the same price-tracking websites but what's different between?"...
Note: During I searched the info - I have found several more the same price-tracking websites
But first things first!
1. Glossary of terms and concepts (What Is the):
- Difference between a "Coin" and a "Token"?
A Coin is a cryptocurrency that can operate independently.
A Token is a cryptocurrency that depends on another cryptocurrency as a platform to operate.
- Cryptocurrency exchange
A cryptocurrency exchange or a digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.
- Return on Investment (ROI)?
Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost. To calculate ROI, the benefit (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio.
How to Calculate ROI
The return on investment formula is as follows:
- Market Capitalization
Market capitalization refers to the total dollar market value of a company's outstanding shares of stock. Commonly referred to as "market cap," it is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share.
As an example, a company with 10 million shares selling for $100 each would have a market cap of $1 billion. The investment community uses this figure to determine a company's size, as opposed to using sales or total asset figures. In an acquisition, the market cap is used to determine whether a takeover candidate represents a good value or not to the acquirer.
- 24 Hour Volume
What “24 hour volume” means for cryptocurrency in the simplest terms possible is the total amount of buy and sell orders that have occurred within 24 hours.
- Circulating Supply
The term circulating supply refers to the number of cryptocurrency coins or tokens that are publicly available and circulating in the market.
The circulating supply of a cryptocurrency can increase or decrease over time. For example, the circulating supply of Bitcoin will gradually increase until the max supply of 21 million coins is reached. Such a gradual increase is related to the process of mining that generates new coins every 10 minutes, on average. Alternatively, coin burn events like the ones performed by Binance, cause a decrease in the circulating supply, permanently removing coins from the market.
The circulating supply refers to the coins that are accessible to the public and should not be confused with the total supply or max supply. The total supply is used to quantify the number of coins in existence, i.e., the number of coins that were already issued minus the coins that were burned. The total supply is basically the sum of the circulating supply and the coins that are locked up in escrow. On the other hand, the max supply quantifies the maximum amount of coins that will ever exist, including the coins that will be mined or made available in the future.
- Total Supply
The total number of coins that are already in circulation + new mined coins that are not on the market is Total Supply (general offer).
The total offer is the total number of coins that currently exist, but not all are in circulation. There are coins, some of which are reserved or blocked (frozen, for example, as in Ripple) and not sold on the market.
Total Supply is usually equal to or greater than Circulating Supply.
- Maximum supply
This is the maximum number of coins that will ever exist with cryptocurrencies. When the number of coins reaches the Maximum Supply, then no more coins will be issued for the cryptocurrency, since they have already reached the maximum offer, that is, all coins will be in circulation.
- Infinite Supply
There are coins with an infinite supply (for example, Ethereum). The circulating supply Ethereum is 105196229 ETH, however, it does not have Maximum Supply, that is, the maximum supply is infinity.
The value of a coin is based on its deficit; however, there is another term in the economy, known as time preference. Who knows, in the future the cost of Ethereum may decrease, however today the amount of ETH that exists is relatively small. In addition, the rate of issue of a coin will decrease over time, thereby increasing its value.
- All Time High
Maximum price of a coin/token for all the time in the market
- All Time Low
Minimum price of a coin/token for all the time in the market
2. About CoinMarketCap
CoinMarketCap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.
Founded by Brandon Chez in May 2013, CoinMarketCap has quickly grown to become the most trusted source by users, institutions, and media for comparing thousands of cryptoassets and is commonly cited by CNBC, Bloomberg, and other major news outlets. (Even the U.S. government uses CoinMarketCap's data for research and reports!)
In April 2020, CoinMarketCap was acquired by Binance Capital Mgmt. Binance is the global blockchain company behind the world's largest digital asset exchange by trading volume and users, which shares the common vision of making crypto accessible and systemically important to people all around the world.
Through the acquisition, CoinMarketCap plans to tap into its parent company's extensive resources to acquire more in-depth data into projects, reduce information asymmetry in the crypto industry and bring higher-quality data to its hundreds of millions of users.
CoinMarketCap stands firmly for accurate, timely and unbiased information. Since its acquisition by Binance in early 2020, CoinMarketCap continues to operate independently from its parent company.
May 2013 CoinMarketCap first launches
May 2016 CoinMarketCap introduces its first public API
August 2018 CoinMarketCap launches its professional API
Dec 2018 CoinMarketCap ends the year with 3.6 billion page views
April 2019 CoinMarketCap launches its first Android app
June 2019 CoinMarketCap acquires Hashtag Capital
November 2019 CoinMarketCap introduces the Liquidity Metric
April 2020 Binance acquires CoinMarketCap
May/June 2020 CoinMarketCap to upgrade Liquidity Score with new details explained in the new methodology
Top Cryptocurrency Exchanges (CoinMarketCap ranks the top cryptocurrency exchanges based on traffic, liquidity and trading volumes.)
Coinmarketcap main page
3. About CoinGecko
With hundreds of cryptocurrencies already out in the market and dozens more created each month, we at CoinGecko feel that it is really difficult to decide which altcoin to hold and invest in.
We feel that there is no proper quantitative way in trying to measure the worth of a coin. Current approaches to doing altcoin valuation mostly revolves around using market capitalization, a metric that is very easily manipulated by pre-mined coins.
CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics.
Our objective is to elevate crypto participants’ understanding of fundamental factors that drive the market. CoinGecko is one of the largest and earliest crypto data aggregators, operating since early 2014. It currently tracks nearly 7523 tokens from more than 422 cryptocurrency exchanges.
CoinGecko main page
4. About Coin360
COIN360 is a cryptocurrency and crypto exchange live data aggregator. Our goal is to deliver vital market data in a visually engaging manner. Whether you are a professional or novice trader, media outlet, or just crypto curious, COIN360 offers indispensable tools to stay updated on the slightest cryptocurrency market movements.
Crypto Market at a Glance
The main page represents a colorful heatmap that consists of interactive blocks. Colors show the market movements of a particular cryptocurrency: green means the price has risen, red stands for the price is in decline, and gray means the price hasn’t changed. Block size corresponds to market share: the larger a cryptocurrency market capitalization is, the bigger the block will be. Each cryptocurrency block reflects essential market data: the price, volume, market capitalization, chart, and exchange rate of a digital asset.
The same logic works for сrypto exchange blocks where colors and sizes depend on the trading volume of respective exchanges. All market data can also be displayed in a table view.
Coin360 main page
Who We Are
COIN360 features the robust and comprehensive insight of Fintech and IT experts. We are continuously improving both the platform and ourselves in order to bring you the best tools for crypto market monitoring. With the goal of showing complicated things in a simple yet comprehensive manner, we work hard to bring mass adoption closer.
5. About Coinpaprika
Coinpaprika research platform was founded in April 2018. Our mission is to provide comprehensive, reliable, transparent and objective access to information about crypto projects from all around the world.
Our goal for the coming years is to exploit as many technologies as possible to give the clearest picture of what's happening in the markets. We will do that by excluding or separating fake market data. So far two million users have already benefited from coinpaprika’s platform.
Coinpaprika main page
6. Several opinions of the different people:
CoinMarketCap provides a list of cryptocurrency sorted according to market capitalization based on the latest average prices. The list is updated in real-time and is equipped with a mini price chart. CoinMarketCap also records trading volumes, as well as highlighting crypto currencies that record the biggest ups and downs. Where as CoinGecko shows the crypto currency ranking based on an assessment of the quality of the developer. Variables assessed can include activities, community outreach, and liquidity. This information source is useful for those of you who want to know the potential sustainability of a cryptocurrency in the future, because a higher quality developer will certainly be better for the sustainability of the products it produces.
The main issue is that coingecko really acts faster in finding the issues according to what works and what doesn't. When coins swap from a chain to another and so on.
I like more Coinmarketcap for its layout, however coingecko is better for conversion.
Especially now after Binance bought coinmarketcap I definitely prefer coingecko for my price and market checks. First of all I prefer the design of the coingecko page heavily in comparison to coinmarketcap. And secondly I don't want to support a market-analyze-website which is now owned by an exchange that profits from potentially manipulating the website.
CoinMarketCap. CoinMarketCap's watchlist is displayed as a list. To add a coin, you need to press options on the graph with a coin and choose 'add to watchlist.' It's not handy to click so many times. Better would be to add some symbol to click it once.
CoinGecko. Watchlist is depicted samely as on CMC. But here they have a star to add a coin to watchlist. It's convenient. But to make you watchlist you have to sign up.
Coin360. Coin360 website looks like a treemap. There's a star to add a coin. Coin360 differs from others, as there you can make five watchlists. I suppose it's pretty convenient for traders. Also when starting a new watchlist the site offeres you popular sets like '10 top coins and tokens', I didn't notice that feature on other resources.
Everything should be your personal perspective so you check both the site. But all the sites are little bit changing the status no one is accurate status.
8. My own conclusion:
I'm a cryptohunter with more then 15 months of experience & have many kinds of altcoins which are absent on CMC but they are present on CoinGecko and vice verza!
HIPHOP (4hiphop) token on Coingecko isn't listed on CMC
KTT (K-Tune Token) token on CMC isn't listed on Coingecko
EtherDiamond (ETD) on Coingecko isn't listed on CMC
2nd example (I have made screenshots at the same time):
Price of CREDIT (CREDIT) on CMC:
Price of CREDIT (CREDIT) on CoinGecko:
That's why I'm using both websites - CMC & Coingecko!
What about Coin360 & Coinpaprika? - I don't know what to say because I never before used these websites! If you have some experience - you can write about it in the comments below!
!Thanx_4_Reading & Good Luck!