What is Coinmarketcap? How to check cryptocurrency prices and digital currencies

Almost everyone investing in digital currencies knows about Coinmarketcap. It is a website specialized in providing and updating cryptocurrency market information. So what exactly is Coinmarketcap and how do you check Coinmarketcap? Let's clarify these issues with Mytour in today's article.

What is Coinmarketcap?

Coinmarketcap is a website dedicated to cryptocurrencies. People often refer to it as the 'encyclopedia' for those who want to monitor or invest in the crypto market.

On this website, cryptocurrency information is continuously updated. Specifically, it aggregates and updates information such as exchange rates, market capitalization, trading volume, project contact information, events, products, investment portfolios, and more.

So, if you want to learn about or invest in cryptocurrencies, Coinmarketcap is an indispensable companion. You can also check out other similar websites, such as Coingecko. However, Coinmarketcap remains the most reputable website for aggregating crypto information today.

What is Market Capitalization (Market Cap)?

Market Capitalization (Market Cap) is one of the most important pieces of information on Coinmarketcap. This index can influence your investment decision in a particular coin/token.

Market Cap is the market value of a specific cryptocurrency, while Total Market Cap is the total market value of the entire crypto market. This index indicates the size of the market in real time.

Market Cap = Price x Circulating Supply, where:

• Price = current price of 1 coin/token ($)
• Circulating Supply = total number of coin/token in circulation in the crypto market

Example: Chainlink coin currently has a Price of $7.27 and Circulating Supply of 507,999,970 LINK, so:

• Market Cap Chainlink = $7.27 x 507,999,970 LINK = $3,693,159,781.9

Why Use Coinmarketcap?

The cryptocurrency market has become a preferred investment market for many. To profit in this field, everyone needs knowledge of crypto and timely updates on trends and price fluctuations. And Coinmarketcap is where you get these.

Instead of searching for information from various unverified sources, you can simply access Coinmarketcap to view all information with high accuracy. These details will inform you of price fluctuations, market capitalization, 24-hour trading volume, and more. And these are the indicators that influence crypto investment decisions.

Coinmarketcap doesn't recommend users to invest in any specific coin/token. However, the documents on this website will support investors in obtaining reasonable strategies.

How to Register a CoinMarketCap Account

Registering for Coinmarketcap is quite simple and fast. In fact, if you only need to view prices and basic information, registration is not necessary. If you want to view more information or use advanced features, follow the instructions below to register an account:

Step 1: Go to the official Coinmarketcap website (https://coinmarketcap.com/) > select “Sign Up”.

Step 2: Enter your complete information including Email address and password > select “Create an account”.

Step 3: Check your Email, confirm account activation, and return to Coinmarketcap to use it immediately.

Guide on How to View CoinMarketCap

Here is how to view the aggregated information on Coinmarketcap:

Section 1 - Market Overview Statistics

Cryptos: Total number of coins and tokens in circulation in the crypto market. As shown in the image, the current number of cryptos is 22,409.

Exchanges: Total volume of crypto exchanges in the market, including decentralized and centralized exchanges. At present, the number of Exchanges is 538.

Market Cap: Total market capitalization of the entire cryptocurrency market at the current time. As shown in the image, the Market Cap is $1,089,969,404,728.

24h Vol: Trading volume of coins/tokens in the past 24 hours.

Dominance: Dominance index of coins/tokens, usually displaying the index of BTC (currently 42.3%) and ETH (currently 18.8%).

Section 2 - Data on coin/token table

Name: The name of the coin/token listed on CoinMarketCap.

Price: The current price of that coin/token.

Volume (24h): The trading volume of that coin/token in the past 24 hours.

Circulating Supply: The total number of that coin/token circulating in the market.

Last 7 days: Price fluctuation chart of that coin/token in the past 7 days.

Section 3 - Detailed Information of Each Coin/Token

Zone 1: General information about that coin/token, such as name, ranking, official website address, communities, source code, etc.

Zone 2: Data about that coin/token, such as price, market cap, quantity, circulating supply, etc.

Zone 3: Real-time price fluctuation chart of the coin/token (in USD).

In summary, this article helps you understand what CoinMarketCap is and how to view information on this website. If you have any questions about CoinMarketCap, feel free to leave a comment below.