Coingecko is a platform that provides traders with much fundamental information, price value, market cap, and 24 hour market circulation of all cryptocurrencies available. One unique feature of this platform is the information it provides about community growth, open source code development, and major events of the blockchain that runs the coin you want to trade.

This nice digital currency tracker was developed in the year 2014 by TM LEE and BOBY ONG to provide traders with a better pre trading analysis.

Let consider a particular coin and see how Coingecko can help us invest in the right one

• First of all go to Coingecko by using this link coinggecko.com

• Then on the home pages there are many options , depending on what you want to use this platform for , in this our case we want to see how it can help us understand a coin so that we can invest in the right way .

• Here I will consider Doge coin which is listed number 7 in Coingecko, so I have to go to the menu click on coins and then chose the one I want to read more details about.

• Coingecko is opening so many details about doge coin including it market analysis , website , social media handles ,source code , all this can help me with a fundamental analysis . check them in the picture below :

• Below this is a chart of doge coin where you can also make your technical analysis before trading doge coin

Another issue that traders face is determining where to sell their coins after trading. Coingecko has a solution for this by providing traders with trusted exchanges where they can sell their coins as well as trade. To obtain these features, follow these steps:

• Go to the home menu

• Select exchanges

• There are 3 different type of exchanges listed on Coingecko which are :

SPOT: this exchanges are those that deal with the spot market

DEX: this are exchanges that are decentralized

DERIVATIVES: This are exchanges that provides contract trading to investors

As traders are always looking for new ways to make money, Coingecko is a platform that will provide you with a list of new coins that have been added to the crypto market so that you can take advantage of it and buy more new coins that are cheap and profitable.
Methods for identifying new coins:

• On the menu bar click on coins

• From the pop down list click on recently added

• You will get list of different coins that was added recently

To be specific about the type of trading you want to do, Coingecko provides a platform where traders can have different categories of coins available on the platform, as well as NFT. To get the categories of coins available on Coingecko, follow these steps:

• On the home page go to the menu bar and click on coins

• On the pop down menu click on category

• You will have different categories ranging from exchange token , memes , stable coins , different kind of tokens as represented in the image below

For those interested in trading on the DEFI platform, Coingecko also provides a list of platforms where this is possible; to get there, go to:

• The menu bar on the homepage

• Click on DEFI

• The list in the image below will then appear

Another feature of this platform is a portfolio, where you can add a list of all the coins you own so that you can easily track your trades on this platform. To create a portfolio, you must first sign up, create an account, and then add items to your list.

Coingecko also provides publications where a trader can read more blogs and news about the cryptocurrency industry, which helps equip a trader with more information about the market and its current events.

Polkadot was launched in 2020 by its founder Gavin Wood at an ICO price of $2.69 since then this coins has performed very well by recording about 1200 percent increase in value in the beginning of this year 2021, polkadot hit its all time price which is $46 in April, 2021 the price has dropped very low now to $29, I believe this is a good time to invest in DOT based on the analysis I will do in this.Polkadot is a project that is supported by web 3 foundation to help in cross chain interoperability between different blockchain.

• Fundamentally polkadot is a strong option for investment because the founding team behind it are still working hard to release about 253 projects from the polkadot DEFI to other system that will link different blockchain.

• Polkadot still have a good position in the market which is number 8 , and they have a good market cap of $26.722 Bn and the daily circulation is about $11.436Bn , which speak positive about the coin

• Many traders are rushing to this project because of it compatibility to do cross transaction between different blockchain , also it has a low fees charged as compared to Ethereum gaz fees

• From the chart above , I place a yellow line at $49.8 as a resistance which the bullish trend attempted to break and failed on different occasions

• I also set up my support at $28.42 using a red line , this was broken but the price bounced back

• Base on my point of view I see the price rising back to $40 dollars within the next coming week if necessary it might get close to it all time high

• The indicators I used on the chart one of which is super trend is indicating an buy sign

• The moving average is still above the price indicating sell , but base on the set up which is 200 length I am waiting to see a sign of buy then I will make my third confirmation

Based on my analysis, I believe and will forecast a rise in the value of Polkadot this week, and I urge all traders to pay attention to it.

In conclusion, I'd like to thank the entire Steemit team for providing us with the opportunity to learn more about cryptocurrency each week. On a more serious note, I'd like to thank @stream4u for his incredible work each week in teaching us how to trade.