Crypto Academy Season 3 | Advanced course : Crypto Prices & Market Source - COINMARKETCAP.COM

coinmarketcap.com

I must appreciate professor @stream4u for such a wonderful lecture for this week in exploring the dynamic phases of the coinmarketcap.com. I'm really happy participating thanks.

Nevertheless, I would like to give my views to these questions through my comprehension of the concept even according to my research of the subject mattercoinmarketcap.com

As we all know about many exchanges that operates in different centralized and decentralized formats, so also is this platform (coin marketcap) which was actually built to operate as a decentralized platform.

Nevertheless, this was an invention by Brandon Chez in 2013, which was later reacquired by the owners of Binance in April 2020.

Coinmarket cap is currently among the top most searched exchange platform which provides the most current prices of assets in the market.

There are uniquely distinct services offered in this platform, which ranges from:

Current Asset Prices: In this phase, the system updates in detail the liquidity or let's say the value of each asset as it is globally estimated.

Token swap: this is also a feature in the platform that permits for the swapping of asset related contracts for instance it can swap USDT to DAI since they can use the ethereum contract.etc. Nevertheless I will be giving a full detail about this in the third question as recommended by the professor.

Finally the main and utmost prioritized function of this invention is to streamline the liquidity of assets against the dollar value.

THE USEFULNESS OF THIS INVENTION TO CRYPTO USERS

The dynamic nature of this platform has incredibly and proficiently expedited the optimal profitability of crypto users in many ways, and I would like to throw more light on this below.

PRICE ACTION

I know that most times in the crypto market, it has been this issue of exigency in particular cryptos for investment purposes, as many crypto users will always like to invest in assets that has a very high market capitalization. Let's go through the screenshot below.

We can see through the order of market capitalization of different cryptocurrencies above in the screenshot, at least with that a crypto trader can actually make a good decision of which crypto to deal on.

EASY SWAPPING OF CRYPTOS:

Many exchanges does not have the option of swapping among cryptos but in this exchange for instance, you can swap among different assets. For example you can easily swap among cryptos that are using ethereum smart contract intrinsically like pairs with ERC20 network. For instance let's go through the screenshots below as I direct us on how to initiate this action.

Next I click on exchange and as it opens, I click on DEX.

Next I click on uniswap, to use this option.

Next I click on USDC on Ethereum wallet.

Next I fix the values I wish to be swapping

At this level, I can connect it to either my trust wallet or meta wallet but this is contingent upon which option I wish to take.

Finally I'll import it to my ethereum wallet on trust wallet. This is actually how to go through this process.

PORTFOLIO:

You can also use it for portfolio reasons, that is a crypto user can use it to keep account of his profit and losses for the day to know his strength and summed asset in the crypto if he/she is using this exchange's app.

WATCHLIST:

I believe that many exchanges does not have the numerous options associated to this exchange. For instance there are certain cryptos you may not find in other exchanges but you would really see them here and on another hand, not just that they are found here but you can also make a list of certain assets you really want to keep account of. For instance you can see some assets on my watchlist which I selected to just keep watch on their prices.

BUYING OF ASSETS AND PLACING OF TRADES:

I actually know that many people are really looking for legit places to buy cryptos from which I need to the creed that this platform can actually direct us to those platform.

Nevertheless, It is Paramount to note that a crypto user can manipulate through this app to exercise his strategy in trades by logging to other platforms like huobi exchange, binance, kraken etc even as we can see in the screenshot above.

EXPLORING BLOCKS

This is another useful aspect of this platform to crypto users , in that they can use it to confirm the number of blocks that are mined every day into the block chain.

Explain the Individual Page for each Crypto Coin on CoinMarketCap. (Minimum 150 words needed with the screenshot according to the mentioned information, make sure to tag yourself in your screenshot)

There are many cryptocoins in coinmarketcap and they all have similar pages. With respect to this question, I will be expanciating these individual pages using the Bitcoin page, since they are all of the same page view.

OVERVIEW:

This tab which is found on each coin view gives a total compendium of the exigency of each coin that is the performance of the viewed coin over but time at least within the past 24hours. Here you can view the current price chart and performance of each coin.

It also gives you what the coin is all about, where you can go to purchase and also trade them and moredo, it ask question like your feeling about the performance of Bitcoin or any coin in view of actually you are not viewing the Bitcoin at the moment.

MARKET:

In this tab, you can see the different technical markets that are operational in the crypto world and the current price at which each enlisted crypto or pairs of crypto is being offered in their respective exchanges.

Nevertheless, with the different enlisted prices in these respective exchanges, it can actually help an investor to rationalize which exchange offers a better price in the market with regards to trade.

HISTORICAL DATA:

In this tab, you will be exposed to respective day to day action of assets in the market.
From here you can see the opening price of that assets, the price limit when it went high and also the price limit when it made low.

Further you can also view the point the assets close for the day with it's traded volume and market capitalization for the day.

HOLDERS:

This shows the different statistical and high profile holders of the Coin in view both the active and summed total of their respective addresses which ranges from top 10 , 20, 50 and too 100 holders of the said coin.

You can also see the different top weekly hashes and their total amount and supplies in the market.

WALLET:

Here you can see different wallets that are connected to the coin marketcap and besides you can make your choice of storing your coins in any of them as you would prefer.

NEWS:

This tab is actually used to display certain information of any coin or asset in view, it gives the trending information of the assets.

For instance, we can see from one of the news caption that Elvadoran's citizens are skeptical about the adoption of Bitcoin in their country as actually their alternative legal tender.

SOCIAL:

This area in the coin tab shows a comprehensive list of people's views emotions and ordeal towards a particular asset.
For instance we can see from a link by Bitcoin Reddit.com where people were just expressing them selves about Bitcoin.

RATINGS

This section of the crypto tabs is used to express the matrix of an asset performance over time.

In comparison, it uses users activities, developer behaviour and market maturity to assess the performance of an asset. It also measures data corperativeness of an asset within the past 30days, and this cycles operates like molecules from different miners and exchanges.

ANALYSIS:

This section on the tab shows a rapid and comprehensive clue of any asset in view. It also shows an analytical view of the percentage of holders who are making profit at the current state of the asset.

It also displays the percentage of concentration by large holders and the composition of time the asset has been held. Nevertheless, we can also view from this tab,the percentage of transactions that were performed in the on the asset with the percentage of its demographic view.

PRICE ESTIMATES

This point on the tab is used to view the estimable price of Bitcoin within a specific period. So when you click on any of the boxes, you choose your price percentage and the time line when the price of that asset will specifically be and finally you submit for others to view.

SHARE :

This tab is specifically used to share the link to coinmarketcap using your face book or Twitter account.

Explain in detail any 5, what are the CORE Features and Sub Features available on Coinmarketcap.com? (Any 5 including Core & Sub Feature, Do Not Include Block Explorer & Uniswap Feature, minimum 250 words needed with the screenshot according to the mentioned information, make sure to tag yourself in your screenshot)

I will be explaining this part in pairs, meaning that as I explain the core feature, I will also explain the sub feature along side and I will be using bold capital letter for the core feature and bold lower case letters for the sub features.

1-CRYPTOCURRENCY

This is actually the most prioritized core feature in coinmarketcap which displays of which without it, there is no need for a technical exchange as this.

It encorporates certain features like: Historical snapshots, Global Chars, fiat Rankings, gainers and losers, recently added, legal tender countries ( which is a new feature) and ranking.

recently added

This sub feature under cryptocurrency is used to indicate the coins that were newly added into the exchange, hence this will enable investor to go for such coins on time before their prices inflates.

2-EXCHANGES

This is also another major feature in this innovation that direct investors to different legitimate exchanges where they could go and purchase assets. Examplesb in this respect are: spot, Dex, where to buy and derivative.

spot

This is a redirection from the exchange feature that appropriately direct investors to the different and respective exchange platforms they can actually purchase, trade and earn cryptos in diversified forms.

3-CALENDARS:

This is used to show upcoming, current and ongoing events in this decentralized exchange. Here you can actually know the free airdrop has been released, initiate coin offers and crypto current events that can help an investor to know what is currently happening in the crypto world, for instance if there is a release in the attachment of a network to may be a coin, this will show in event calendar.

free airdrop

This sub feature in Calendar is used to indicate some newly released assets probably that is to be launched, and with the help of this release one can own some reasonable value of such assets when it is finally launched. So it comes with a specific time and one can participate in this airdrop by providing some information about himself and the Wallet he/she wishes to receive the airdrop if paradventure he is among the winners of such airdrop.

4-PRODUCT:

This major feature exposes one to different inventions that can increase ones earnings and profitability and it also exposes one to certain information that could lead one to earn some income by investing in assets.
So it includes products like: Job board, mobile apo blockchain explorer, converter, interest, crypto API, site widget.

interest:

this sub feature of the product is an exposure into into means of earning or gaining assets either by borrowing or by staking a stipulated amount your assets as you earn interest at the end of the period although not without terms and conditions. For instance, you can invest and also borrow from any wallet of your interest.

5-LEARN

This is an informative side in this innovation which exposes one to different information about cryptocurrency at large. It also opens ones ideology into different methodologies applicable which this medium uses in other to disburse valid information to the general public.Its sub features includes: Alexander, glosary, newsletter, methodology, market update, earn.

newsletter

This is a sub feature in the learn feature that let's individuals to easily subscribe to this system's news and this is just done by subscribing using your email account.

This is for your self-research and studies, How or when Coinmarketcap.com decides to list a Coin? (This is for your own study and research, you can explain as per your findings but it should be in your own words and not from a direct source and provide a link for it)

There are not very much requirements for the enlisting of a coin in the coinmarketcap.com decentralized exchange.

Let's now get on the involved protocols for a better understanding of how this system works with respect to enlisting coins as I got this information from Quoro by Micheal Eastwood the man that founded Smart Crypto Investment.

• First it must be a crypto coin or cryptocurrency

• Next the coin must be in an exchange that has an application programming interface with the current report of price and a trading volume of 24hours

• The coin must have an vivified supply that is free of error as to easily ascertain its market capitalization and ranking

• The coin must be on active trade, for easy determination of its price over time.

Nevertheless, at meeting to these demands, such a coin is qualified and can be certified for being enlisted or added into the coinmarketcap.com decentralized exchange.

This is for your self-research and studies, How or when Coinmarketcap.com decides to list Exchange? (This is for your own study and research, you can explain as per your findings but it should be in your own words and not from a direct source and provide a link for it)

For an exchange to gain enrollment into the coinmarketcap decentralized exchange, it must reach the following criteria as follows as I found this information through this source by Coinmarketcap.com

The exchange must have a valid website that is operational and possesses and application programming interface that can match it's volume of trade.

The exchange must publish it's 24hours endpoint trading volume within it's API against ambiguities.

Must have a distinct delivered features
tfor different types of market

The exchange must be operational at not less than 2 months

The exchange must permit for individual traders to place their put and call orders in an order book

the exchange must permit it's users to peruse all the available market pairs without the for first goin through their website

It must permit for easy access into it's URL that hence assists in spotting each asset

The exchange must have and outstanding representative that can be communicated easily at least through phone calls for any issue that may arise

Priority will be placed on any email that bears the domain name of the exchange in question

What is the purpose of the Uniswap feature on the Coinmarketcap.com site and how a trader can use it? (Minimum 100 words needed with the screenshot according to the mentioned information, make sure to tag yourself in your screenshot)

Uniswap is a decentralized exchange that permits for the easy swapping of diverse ethereum based coins like ERC-20.

This exchange does not require order book for the determination of prices in the market on the contrary it makes use of formulas in determining it liquidity pool.

The funding system in Uniswap is absolutely based on smart contract which controls every set of trade pair.

This invention controls or has more than 2000 trading pairs in it's exchange as there is no much process involved in trades.

uniswap as it stands is the most popular decentralized exchange. Nevertheless it is accounted that as of October 2020, it has a total of 2.1 billion in it's contract and currently attends to over 38,000 users daily.

Nevertheless this feature is also traceable in coinmarketcap and these are the procedures in using it to possibly swap any ERC-20 token.

First I search for a precise cryptocurrency that uses the ERC-20, then at the down right corner of the coinmarketcap interface, I then click on swap ETH because I want to swap ETH for instance.

After this point, I click on the quantity of coin I wish to swap and then click on connect.

then it brings out the wallet I wish to connect with, so I choose meta wallet as to connect with it.

From this page, it took me to different page where I filled my seed phrase which could not be snapped for security reseans by the system after which i connected my wallet and copied the address and authenticated the process.

But due to insufficient assets in my wallet the transaction couldn't finish up, I believe that the transaction would have been successful if there was some money in my wallet.

So that is actually how to connect and authenticate Uniswap DEX on coinmarketcap.com.

What is Blockchain Explorer? What Information available under Blockchain Explorer? How many Blockchain Explorer available on Coinmarketcap.com & How it helps users? If you are using any one of the Blockchain from the available list then show with the screenshot how you will use this feature? (Minimum 120 words needed with the screenshot according to the mentioned information, make sure to tag yourself in your screenshot)

Blockchain explorers is the total relevant and most accurate performance of any coin in view. It analyzes with exact accuracy all the intended details that are expected to know about a cryptocoin without further need of checking or confirming through other means on gaining information on the asset in review.

In other words, you can see all you need to see or know about a coin just at a glance.
for instance, one can easily check on the circulating capital, blockchain transaction, market capitalization, latest price etc.

The blockchain exporee is actually designed in a way that provides the most exact market prices of assets without further investigation and research.

INFORMATION AVAILABLE UNDER THE BLOCKCHAIN EXPLORER INCLUDES

Market Capitalization: This is the total liquidity value of a particular assets under consideration.

Circulating Supply: This is the sum total of an assets that is in circulation within a given time frame.

Maximum Supply: This is the total quantity of a coin that is in supply from it's inception into the market.

Current Price: This simply shows the most current price of any asset under review.

High Price: This is the point at which a coin traded at a high price for the day normally within a 24hour review.

Low price : This is a point within the trend of an asset where the price has the lowest price for the day which is normally under 24hour time review.

THERE ARE FOUR BLOCKCHAIN EXPLORER'S ON COINMARKETCAP.COM

There are precisely 4 blockchain explorers on coinmarketcap which are as follows:
BTC with it's market capitalization, circulating supply, hash rate, maximum Supply and block height.

Others includes; ETH, LTC and BNB, also with there feature like the Bitcoin.

HOW THIS BLOCKCHAIN EXPLORER HELP USERS:

We all know that disposition to tangible and substantial information is power, so this explorer option on coinmarketcap.com is really proficient in assisting users to check into a concise and comprehensive view of the performance of each coin within the past 24hours from the current day and more especially, it assist users to decide which asset or coin is more favourable to invest within an estimated time frame. So it's very expedient for investment purposes.
and on the other hand, I'm not using any of the available blockchain from this list.

CONCLUSION

The coinmarketcap is actually a very vast technical market for users with all its dynamic features which is appreciably investment indicative. I really trust that this invention in the crypto world has actually opened many investors to the different market opportunities like airdrop and ICO which rises after a short time after it was purchased with a very small quantity of money.

Really the accuracy of its time also need being appreciated because of its unbiasedness in disbursing information at every given point in time.
I really wish to appreciate professor @stream4u for putting me on the line for this for this mind blowing research.

Cc: @stream4u