I was never tempted to download CoinGecko. After all, if I wanted to check out the price of a crypto, I could jolly well find out on my trusty Gemini app or the Coinmarketcap website.
However, my mates’ occasional sharing about their NFT exploits piqued my curiosity about the world of NFTs. You may say that I was suffering from the FOMO. Hence, when I learnt that CoinGecko gave out a How to NFT book for free (once you collected enough candies), I was spurred to download the app because I felt the need to beef up my NFT knowledge and who knows, acquire one NFT or two.
The CoinGecko app exceeded my expectations though. Firstly. It tracks thousands of cryptocurrencies and empowers me to get hold of vital information at my fingertips. I can choose how I wish the data to be represented, namely market cap, % change and price. Of course, I usually stick to market cap because I want to see how my altcoins - MATIC and SOL - compare against the blue chips in the form of BTC and ETH. But it’s nice knowing that I can click on % change and know intimately the coins that have experienced the greatest surges.
CoinGecko also boasts a comprehensive range of crypto-related articles. These articles disseminate information related to the crypto world from myriad angles, thus helping me keep abreast of popular trends and emerging insights. I love how the app consolidates articles from different sources so that I can just click on the ones that vie for my attention. Not only that, the app allows me to share these articles directly with my social network, including the good folks I chat with at Hodlnaut’s Discord. It’s good to be in the know; it’s even better to be the first one to stimulate a topic of discussion. CoinGecko has enhanced my credibility!
Another thing that surprised me was that CoinGecko also ranked crypto exchanges. I didn’t even know that there were so many crypto exchanges but it seemed that all the exchanges I was aware of were duly represented on the platform. For instance, Tokenize Exchange, a Singaporean-based exchange, was 28th on the list whereas Independent Reserve, an Australian exchange that secured the license to operate in Singapore, was ranked 78th. However, a question surfaced in my mind. While the Trust Factor was used to rank these exchanges, it was not made clear as to why one exchange was ranked higher than its counterpart. I felt that having the success criteria spelt out explicitly would better help investors make informed decisions on which exchanges to choose.
I hope my blog gives you all a clearer idea on what CoinGecko is all about!
