CoinMarketCap is a leading cryptocurrency price-tracking platform established in 2013, monitoring over 11,000 cryptocurrencies, including Bitcoin, Ethereum, and emerging altcoins like SafeMoon. Renowned as the "Wikipedia of crypto," it’s a trusted resource for traders and investors worldwide. This review explores its features, benefits, and how it aids in portfolio diversification and profit tracking.
What Is CoinMarketCap?
CoinMarketCap is a free platform providing real-time data on cryptocurrencies, with a total market cap exceeding $1.924 trillion. Owned by Binance since 2020, it aggregates prices, trading volumes, and market trends without functioning as an exchange or wallet.
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Key Features:
- Price Tracking: Real-time updates for 11,000+ coins.
- Exchange Rankings: Liquidity scores, trading volumes, and fiat support.
- Portfolio Tracker: Free tool to monitor profits/losses.
- NFT & DeFi Data: Tracks NFTs and decentralized exchanges (DEXs).
How CoinMarketCap Works
Data Collection & Presentation
- Sources: Multiple exchanges and APIs.
- Metrics: Price, 24-hour highs/lows, market cap, and historical charts.
- Tools: Price alerts, watchlists, and customizable rankings (e.g., top gainers, new listings).
Competitors
Coingecko is its primary competitor, offering similar services but with fewer historical data points. Notably, exchanges like Coinbase or Kraken are partners, not rivals, as CoinMarketCap directs users to them for trading.
Top Cryptocurrencies Tracked
Beyond Bitcoin and Ethereum, CoinMarketCap lists:
- Polkadot (DOT)
- Chainlink (LINK)
- Dogecoin (DOGE)
- PancakeSwap (CAKE)
👉 Explore trending cryptos on CoinMarketCap
Unique Tools & Services
1. Glossary
A comprehensive A-Z guide to crypto terminology.
2. NFT Tracking
Monitors top collections by trading volume and sales.
3. Rewards & Quizzes
Earn crypto through educational quizzes and airdrops.
4. API Services
- Tiers: Hobbyist ($30/month) to Enterprise (custom pricing).
- Uses: Backtesting strategies, portfolio simulations, and data modeling.
Getting Started
- Browse freely without an account.
- Sign up to personalize watchlists and enable alerts.
- Import portfolios for detailed tracking.
FAQs
Is CoinMarketCap an exchange?
No—it tracks prices and links to external exchanges.
How does it rank cryptos?
Primarily by market cap (price × circulating supply).
Is it safe?
Yes; no financial transactions occur on the platform.
Who owns CoinMarketCap?
Binance acquired it in 2020 for $400 million.
CoinMarketCap remains indispensable for crypto enthusiasts, offering robust tools for market analysis and portfolio management. Its blend of free resources and premium APIs makes it ideal for all trader levels.