CoinMarketCap

General information

CoinMarketCap is a tool that tracks prices of different cryptocurrencies, and provides explanations and links to many exchanges where these tokens can be purchased. Therefore, contrary to popular belief, it is not an exchange but a tracking and informative platform.

This tool is available to use as a website and a mobile app. It has a strong social media presence, along with a newsletter, blog, and annual conference.

The team behind CoinMarketCap states that their mission is to make crypto discoverable on a global level by empowering users with unbiased and high-quality information.

Website	https://coinmarketcap.com/
App type	Crypto market tracker
Price	Free
Hardware compatibility	All browsers
Mobile app	Yes
Desktop app	No

Pros explained

• Wide range of crypto CoinMarketCap lists all major cryptocurrencies, including Ethereum, Bitcoin, Litecoin, Ripple, and many more. This tool provides a comprehensive overview of the whole cryptocurrency market.
  
• User-friendly CoinMarketCap has a user-friendly interface that is easy to navigate. Therefore, it is suitable for crypto beginners.
  
• Informative CoinMarketCap provides real-time data on cryptocurrency prices. It enables users to compare different cryptocurrencies based on their price, market cap, volume, and supply. Additionally, it shows historic price charts so users can see how each coin has performed over time.
  
• Free to use There is no sign-up required for new users to view information on this platform This is especially valuable for new crypto investors because they can take advantage of its many tools and resources.
  

Cons explained

• Overvalued Even though CoinMarketCap is one of the most popular cryptocurrency tracking websites, it is also one of the most criticised. Users complained that it doesn’t accurately note all cryptocurrencies, specifically crypto assets that don’t have an official exchange but are still traded on other platforms. Secondly, a part of the crypto community complained that the site doesn’t display data for a number of small coins or tokens.
  

Features

CoinMarketCap brings to the table many interesting features. It displays every coin or token metric such as market cap, price charts, historical data, and real-time data. All of these pieces of information are valuable to crypto investors and traders in order to make an informed decision.

CoinMarketCap provides charting tools that enable users to analyse how divergent cryptocurrencies have performed over time by comparing them against each other or fiat currencies.

Moreover, the CoinMarketCap API refers to a service that allows developers to build applications and provides a lot of useful information. It is free to use with basic functionality.