CoinMarketCap.com is a diversified platform that is the most popular website for cryptocurrency enthusiasts, investors, and researchers. With a wealth of data on thousands of digital currencies, CoinMarketCap.com offers real-time information on market capitalization, prices, trading volume, and trends that allow users to make informed choices in the constantly changing marcrypto market whether you’re a seasoned trader seeking to track the latest market movements or a newcomer looking to explore the burgeoning landscape of digital currencies, CoinMarketCap.com offers a user-friendly interface and invaluable insights to navigate the complexities of the crypto market.
As a designer, you should always strive to invest your earnings in a smart way, so now that cryptocurrency is going mainstream with portfolio managers, you should definitly allocate a small part of your investments to it and use Coinmarketcap to track it.
What is Coinmarketcap?
Today’s blog post is about how to use coinmarketcap, a website where the capitalization of various cryptocurrencies can be tracked. Due to the continued growth of cryptocurrencies, the homepage enjoys increasing popularity because users can access all the market data on cryptocurrencies here. Coinmarketcap currently provides data for 1,401 listed cryptocurrencies and 7,819 trading venues. Coinmarketcap provides data such as the current price, the available tokens, the trading volume of the last 24 hours, the trading volume on various marketplaces, historical price data, and the current market capitalization. The current value of a cryptocurrency can also be represented in US dollars and Bitcoin. The data is updated every five minutes to ensure up-to-date information. A market’s capitalization can be calculated by multiplying the number of tokens by the price. Conversely, the price is a weighted average from the prices on the most prominent trading venues. In addition, tokens with records older than six hours are displayed at the bottom of the list.
Who runs Coinmarketcap?
Coinmarketcap is a financial portal that offers a lot of information about cryptocurrencies. For many users, trustworthy sources and operators are highly relevant. However, information about the operator must be provided on the Coinmarketcap homepage, and other Internet research also led to little success. According to the AppStore and PlayStore information, the developer’s name is Rasmus Lindstrom. The domain was also purchased through Namecheap and is hosted through Cloudflare. Advanced security protocols are used here so that third parties cannot be manipulated.
Pros and cons of the website CoinMarketCap.com
| Pros | Cons |
| Comprehensive data on cryptocurrency markets | Complex information can be overwhelming for beginners |
| Updated in real time | Possible delays in data refresh |
| Easy access to historical data | Some data may be difficult to interpret |
| Ability to mark and track favorites | Advertisements and pop-ups can be annoying |
Which languages can be used when using Coinmarketcap?
Coinmarketcap’s service is global in scope, which is why the developers supported the four main languages. The default language for the site is English. Hispanic users also support Spanish. This function is primarily intended to acquire users in Central and South America. Portuguese, which is mainly spoken in Brazil, is also supported. The last language supported is Mandarin, which is the recognized official language of China. Support for German was not provided. This is mainly because most interested parties understand or can read English.
How does Coinmarketcap.com perform in the Alexa ranking?
Amazon developed the Alexa service, which is primarily used to optimize marketing. Interested parties and operators can evaluate the current relevance of the relevant website and improve marketing so that further growth occurs. Coinmarketcap has benefited from enormous growth in significance in recent months. As a result, the homepage is currently ranked 139th in the global ranking. If only the USA market is considered, the homepage ranks 42nd. The bounce rate also benefits from the increasing interest in cryptocurrencies, which is currently only 41.7%. The number tells you how many users leave the page after just one-page view.
Additionally, an average user visits the website 4.35 times per day. This represents a growth of 15% compared to the last report. An average user also spends 9:12 minutes on Coinmarketcap every day. This means an improvement of 29.00%. Many visitors use search engines such as Google to find Coinmarketcap. The rate is currently 13.3% and has therefore improved by 15%. The most important search terms are Binance, Litecoin, Bitcoin Cash, Ripple Price, and Coinmarketcap. In addition, average users usually use Google, YouTube, Bittrex.com, Facebook.com, or Binance.com before visiting Coinmarketcap. Currently, Coinmarketcap is linked to 4,992 pages, so more and more users are finding their way to this financial portal. However, the page’s structure can only be average, as it takes 1.8 seconds to build.
What is the global distribution of users?
The USA is the most critical market for Coinmarketcap, with around 34% of users coming from there. This is followed by Great Britain with 5.2%, India with 3.9%, Japan with 3.7% and Germany with 3.5%. The user demographics suggest that men primarily use the site. The value is well above average, although there are hardly any women among the users. This may be mainly due to women’s lower interest in finance. In addition, most users access the homepage from home. Few access the homepage from work, and even fewer users are from school or college. However, people with a high school or college degree are primarily interested in this site. People who do not have a degree or only have a low-quality degree visit Coinmarketcap less often.
Frequently Asked Questions about CoinMarketCap
What is CoinMarketCap?
CoinMarketCap is a site that displays how much market value is accumulated by all active cryptocurrencies. It offers a comprehensive list of cryptocurrencies sorted by their market capitalization.
How does CoinMarketCap update its data?
CoinMarketCap updates data in real-time, 24/7. They aggregate and analyze trading data from thousands of markets worldwide to provide accurate and reliable information.
Is CoinMarketCap free?
Yes, CoinMarketCap’s basic features are free. However, access to advanced features and deeper analysis requires a subscription.
What does the CoinMarketCap rank show?
The CoinMarketCap rank shows the relative size of a cryptocurrency compared to all others based on its market capitalization.
Can I create my portfolios on CoinMarketCap?
Yes, with a CoinMarketCap account, you can create and manage your crypto portfolios, set up price alerts, and more.
About the Author
Mirko Humbert
Mirko Humbert is the editor-in-chief and main author of Designer Daily and Typography Daily. He is also a graphic designer and the founder of WP Expert.