Cryptocurrency is always in Buzz ! There are scores of cryptocurrency information sites and tools that offer organic and exclusive information on the go. In the time like CoinMarketCap ,CoinCap…. serving real-time data and other related information on fingertips, what makes Coingecko Gecko different ? . Let’s figure it out !
What is CoinGecko ?
CoinGecko is a “cryptocurrency ranking and evaluation site” that lets users to track different coins and have access to qualitative data and metrics that can aid in the making of trading decisions. The Crypto Portfolio Tracker evaluates the prices based on a number of factors and indicators.
These include developer backing (it tracks the ‘public source code repositories’); community activity which is an indicator of community backing and growth potential; liquidity (which measures altcoin’s true market potential); online ranking (Alexa ranking) which defines its web traffic and publicity; and market reach (shows the ‘market capitalization share’).
Additionally, it draws data from crypto projects’ Twitter followers, Reddit subscribers, and other coin community platforms, as well as the cost of a 51% attack, the number of developers working on the coin.
The project was founded by Bobby Ong and TM Lee. Bobby is a University College London Economics graduate while TM Lee is a Purdue University Computer Science graduate.
What do I get from this Crypto Portfolio Tracker?
CoinGecko supports more than 100 cryptocurrencies including popular ones such as Bitcoin, Ethereum, Litecoin, Ripple, Stellar etc. In addition to this, there are also many other altcoins that have been listed including Neo, EOS, Cardano, Verge, DogeCoin, IOTA, Qtum, Dash, ZCash.
Track ICO details
Users are able to also track upcoming ICOs they can invest in. To do this, click on the ICO tab on the website. Clicking on the “Coins” tab takes you to a page that lists more than 2000 coins or altcoins or tokens, with their price, change in price in the last 24 hours, their market cap, their liquidity, percentage score for developer activity, percentage score for the community support, and percentage score for public interest.
For instance, from the list, you can see that Bitcoin, which has the largest market cap, also has 97 percent of developer score, 89 percent of community score and 43 percent score on public interest.
Clicking on each cryptocurrency on this list offers more in-depth analysis including charts and changes in the last 60 days, 30 days, 14 days, 7 days, and 24 hours.
You can also track the prices for particular pairs on different exchanges in the last 24 hours. Besides, those wanting to track events in the cryptocurrency space can do that by clicking on the “Events” page.
First and foremost, CoinGecko Portfolio Tracker has a website that shows a detailed list of cryptocurrencies. The plus point of this list is that CoinGecko shows a graph of the last 7days at a single glance. However, Other websites require the users to click on their desired crypto for price graph.
CoinGecko Mobile App
The crypto tracking tool has its own full-fledged mobile application that is compatible with Android and iOS.
The crypto data aggregator provides a Free API for commercial purpose. Additionally, One can add this API to their website/blog without much hassle.
This feature helps to improve transparency amongst blockchain projects. The feature was launched in Nov 2018. In Addition, With the launch of Beam, users can easily follow and receive short project updates from multiple token teams, without having to search through social media and project blogs.
Trust Score is used to measure liquidity on trading pairs and on crypto exchanges, it is expanded to also measure overall liquidity, scale of operations and API coverage. Moreover, To combat fake volumes, Trust Score was launched in May 2019 and further Trust Score V2 was revised in September 2019.
The platform introduced the Coingecko Earn feature in March 2020. According to this feature, it will present a handy concept of the proposed working circumstances of varied crypto lending platforms – profitability requirements, safety audit reviews, threat assessments, and so on. However, At the moment, info is obtainable on more than 50 cryptocurrencies.
User’s Reviews –
The crypto tracking tool has received top ratings from most of the users. Let us see some reviews of satisfied customers –
CoinGecko has been an absolute blessing for me. I can see what coins are worth and keep up with the market. I can truly recommend it to everyone. Well done to the team on a super app.
Excellent 5 stars. Ease of information and accessibility. Access info on coins, history, chart and profitability and performance over 30, 60, 90 days or the full life of the coin. Highly recommended.
Our Verdict –
Even though there are various options out there that assimilate all crypto data into one, Coingecko stands out because of its features.
CoinGecko has a scheduled update
i) Price, trading volume, market capitalization – Updated every 1 to 10 minutes
ii) Available supply – Updated every 5 minutes
iii) Developer, Social and Alexa Data – updated once per day
iv) Blockchain information (Mining difficulty, total blocks, transactions per second etc.) – updated every 1 hour
No, CoinGecko is neither a wallet nor an exchange. Moreover, It is a crypto tracking website that provides a 360 degree overview of digital currencies.
CoinGecko filters out inaccurate data using an internal formula. Such data are marked as grey.