Crypto Academy / Season 3 / Week 2 - Homework Post for stream4u | Crypto Prices & Market Source - COINMARKETCAP.COM

It's the beginning of a new week at the academy which makes it week 2 of season 3, with no doubt, the academy has been running smoothly since the beginning of the season and I am gals I've attended some lectures which have added up to my knowledge of cryptocurrency. For this week, I've attended a lecture by professor @stream4u which is centered on coinmarketcap, it's a great lecture and I will be attending the task given by the professor. Let's head to the task.

Coinmarketcap.com/ is with no doubt a very popular and important name in the crypto ecosystem which came into limelight in the year 2013 having its headquarter in the U.S. Coinmarketcap is a cryptocurrency platform that gives detailed information about verified listed cryptocurrencies in the crypto ecosystem.

In addition, Coinmarketcap is specifically designed for users in the crypto ecosystem to keep track of different assets by revealing the assets' live prices, ranks by market capitalization, the price behavior of the assets over time, the platforms where individual assets can be traded and many other information. In short, the above are a few of what Coinmarketcap does and we can say, it's a platform that gives full information about crypto assets as desired to know by any user.

I highlighted earlier when I was discussing what the platform Coinmarketcap is, that it gives detailed information about different cryptocurrency assets which range from price, market capitalization and many more usefulness.

For this part, I will be discussing some basic usefulness of the platform as related to different crypto assets. Having said that, these usefulness would be discussed under the section cryptocurrencies and as such, price, market capitalization, Volume (24h), Circulating Supply and assets' chart pattern (7 days) would be discussed. Let's take a look at these features below.

Let's discuss each of the identified parts in the screenshots above.

Price: Coinmarketcap gives the live price of every asset listed on the platform and with this, users can get to keep themselves abreast of the current prices of different assets. Due to the arbitrary trading that occurs in cryptocurrency whereby we have slight variations in the trading price of assets on different platforms, as such, Coinmarketcap collects trading prices from different exchanges, average it and update it on the platform to give users the live price of each of the assets available.

Market capitalization: Market capitalization is not an exception from the list seen under the cryptocurrency section, and what this means, is the total value of an asset that has been mined. Most people know this term but they are not familiar with its deep meaning, in short, market capitalization is calculated by the product of the total assets in circulation at moment and the price per unit of the asset, and this gives rise to market capitalization. Coinmarketcap shows the market capitalization of the assets available and at the same time ranks them by market capitalization. Let's take Bitcoin as an example in the screenshot below.

From the screenshot above, we can see that Bitcoin is ranked number 1 by market capitalization with a value $640, 046, 642, 188.

Trading Volume (24h): Coinmarketcap gives the information as regards the trading volume of an asset over 24 hours as such, it would help traders to get insight into the market of any asset of choice. Speaking of trading volume, this is the actual volume of a specific asset traded on all exchanges listed on Coinmarketcap, the details would be collected and the summation is presented as the trading volume of the asset over 24 hours. For instance, if LTC worth $1000 was traded on Binance, $800 of the same asset traded on Huobi Global, $400 of the same asset traded on Poloniex... This makes the trading volume (24h) of LTC to be $2,200 and that's exactly how the data is collected for all the assets to present its trading volume (24h).

Circulating Supply: The circulating supply of assets is revealed to users/traders on the platform so that they can gain insight into the supply behavior of the asset over time. And by meaning, circulating supply refers to the supply of assets available for trading at that moment. Can we go into the concept of Supply a bit? When supply tends to be higher than demand, then the value of the assets tends to decline, and vice versa. Having said that, total supply should not be confused with circulating supply, as total supply refers to the amount of the asset that would ever be created, note that.

Chart pattern of 7 days: Under this section, the price behaviour of the asset over the last 7 days is represented on a chart that shows different trends of the asset over time, as such, users can see what has happened earlier before making a trading/investment decisions.

Let's talk about other features like; Watchlist and Portfolio.

Watchlist on Coinmarketcap is another great feature that allow users to keep track of their favorite crypto assets to monitor its market behaviour over time. With the watchlist, users can easily have an eye on the assets to see how they are doing before making an investment decision, know that, it's not easy to keep scrolling thousands of crypto assets everyday to check for which is good for investment, as such, the Coinmarketcap watchlist allow users to put favourite coins on the watchlist for easy tracking.

Portfolio is another feature on Coinmarketcap that allow investors to put their assets in one place in the quest to monitor their investment. The portfolio contains assets users have acquired over time and the Coinmarketcap hosts a platform where traders can arrange their assets and monitor their investment on the go.

I'd like to keep the usefulness at this stage for now as there a lot more to be discussed.

For this section of the task, I will be exploring the Bitcoin asset to check for different available information. The information headings for all the assets are the same, the information contained therein is what differs. The information headings are; Overview, Market, Historical Chart, Holders, Wallets, News, Socials, Ratings, Analysis, Price Estimated. Each of the listed information above would be discussed below.

The overview section contains the chart information of the asset's behavior over time as such, users can easily see the previous price movement of the asset in question and its present behavior in a graphical representation. There are three options in this section which are; Price, market cap, and TradingView. For the duo of Price and market cap chart, a user can choose the period (1D, 7D, 1M, 3M and so on) of choice to which he/she are looking into and the TradingView option opens the chart patterns in TradingView. Let's see the screenshots below

Market is another information page which gives the information about the market of the asset in question, as such, it gives the overall of the trading pairs of the asset available for trading on different exchanges including the trading type, for example, Spot, Perpetual and Futures.

This section gives the price history of the asset over time by providing the price of the assets over the previous days, months and years. Users can customise this to preference by selecting the date range they are willing to explore. The historical chart shows the opening price, highs, lows, closing price, volume and market cap for each day.

This section is for the holders statistics whereby the total number of holders' addresses of the asset is revealed , the active addresses and some top holders statistic in percentage.

The wallets section gives the cryptocurrency wallets available or compatible for the storage of the asset in question, including the addresses to the wallets. There a few list of them which will differ from one crypto asset to the other.

The news section is a place for users to read latest news in the crypto ecosystem. The section is further sub-divided into two where we have; Latest news and Alexandria. The latest news is mainly for latest news as unfold in the crypto ecosystem while Alexandria is an innovation by Coinmarketcap which creates a medium by which users can learn more about crypto from time to time.

Socials section shows the recent news about the crypto in question, and the platform mostly included here is Reddit, whereby the recent social news as interacted with on the platform as regards the asset is revealed and also, tweets are included.

This is the section on a crypto page on Coinmarketcap which estimates the behavior, otherwise, termed the health of the crypto assets in question. Three criteria are considered for this test which are; User activity, Developer behavior and Market maturity. The health status of Bitcoin as analysed on the page is 900 out of 1000 scale. Let's see the page below.

The analysis section gathers various statistics to determine the place of the asset at any point in time. It determines the position of the asset in the market to see if it's bearish or bearish and at the same time, gives the estimate of holders of the asset that are making profit, the chart of transactions above a hundred thousand USD and many more.

Price estimate is another section that is under beta testing as the platform says.

Note that, Bitcoin asset's page was used for all the crypto page features explored in this task's section.

In this part of the task, I will be talking about some Core features and Sub-core features available on Coinmarketcap. Let's take a look at them below.

This is one of the core features of Coinmarketcap which gives numerous information about the cryptocurrencies listed on the platform. Under it are some sub-core features like; Ranking, Recently Added, Ledger Tender Countries, Global Charts, Fiat/Companies rankings, Spotlights, Gainers and Losers and Historical snapshots. This core feature with the sub-core features under it gives numerous information as a user wished to see.

This is a sub-core feature under cryptocurriencies core feature and this shows ranking of all listed cryptos on Coinmarketcap based on market capitalization. The crypto assets are in the ascending order from the crypto assets that has the highest capitalization and down to the lowest.

From the screenshot above, Bitcoin appeared on the number one because it has the highest market cap at the moment in the crypto ecosystem and the list continues in an ascending order.

This is a sub-core feature that consists of crypto assets that has just been added recently to the platform. The details of the assets are added as well, talk of their price, trading volume, blockchain network, the time it was added and so on. Let's see the screenshots below.

The last screenshot above shows the assets that were recently added and as such, I have highlighted two of the assets where Sonar (PING) was added today and Stellar Diamond (XLD) was added 1 day ago. That is how the recently added assets are displayed with their numerous details.

Exchanges is another core feature on Coinmarketcap and it's a list of all listed exchanges on the platform offering several type of assets' trading. Exchanges core feature has some sub-core features which are; Spot, Derivatives, DEX and Where to Buy.

Spot is a sub-core feature under exchange and this section reveals all the exchanges that offers spot trading. Knowing that, spot trading is the type of crypto trading that is carried out on a spot by creating an order book, once the buy/sell order placed equals to the current price of the asset, the purchase/sell order will be triggered and the trade would be completed with instantaneously effect. As stated earlier, the spot sub-core feature includes the exchanges that offers this type of trading.

These spot trading exchanges as seen above has the volume, Average liquidity, weekly visits, markets, coins, fiat supported and their credit score. These would enable users to be exposed to the relevant information about the exchanges before making a choice.

Going further, clicking on any of the exchanges gives the information about the spot trading market of a particular with the trading pairs and other information. An example is the Binance exchange as seen in the screenshot above.

My research on this aspect of the task led me to the Coinmarketcap website to see the criteria for listing a crypto asset on the platform. The stages would be sectioned into a few parts below.

1. Know that, the application starts online and it requires the coin issuer to put a few things in place before embarking on the journey.

2. Criteria: Certain criteria that must be exhibited by the asset for listing would be given below;

3. Evaluation of the data submitted: At this point, Coinmarketcap would look into the application submitted by the coin issuer through several evaluations and some of which are listed below;

4. Listing: Listing on Coinmarketcap is classified into four types and I will discuss them below;

Some of the research made in this section comes from here!

The process that leads to the decision of Coinmarketcap as regards listing an exchange exhibits a few things identical to that of Coin listing with a few steps but with widely different criteria. Let's look into this.

1. Online Application: Application for the purpose of exchange listing also start from an online application and as such, the exchange must make sure the information they are submitting is true just like in the case of coin listing.

2. Criteria: There are criteria for the process of submitting an application for an exchange listing on Coinmarketcap. Let's see some of it below;

Those are some of the criteria that is required to be satisfied in the process of requesting for listing of an exchange on Coinmarketcap.

3. Evaluation of the data submitted: Of course, there will be an existence of evaluation stage to verify the information submitted by an exchange requesting listing on Coinmarketcap. Let's see some of them below.

4. Listing: Provided that the exchange requesting the listing exchange from Coinmarketcap satisfies the criteria and evaluation then it would be granted a Tracked listing.

Some of the research made in this section comes from here!

Let's begin this with what Uniswap is, Uniswap is a decentralized exchange that allow users to swap ERC-20 tokens of choice without the involvement of third parties in the transaction and it hosts a platform where users can also act as liquidity providers.

The purpose to which Uniswap is incorporated on Coinmarketcap is for users to make a quick swap of their ERC-20 tokens which requires no intermediaries for the swapping process and as such, no verification is required before the user can swap an asset of choice. This option is available to all, to those that are registered on Coinmarketcap and visitors too without restrictions.

There are a few steps involved in this and I will be giving them in the list that follows;

There are a lot of information that can be seen on the blockchain explorer and I will be mentioning a few of them below.

There are four blockchain explorers available on the Coinmarketcap and they are, Bitcoin, Ethereum, Litecoin and Binance coin. Let's the screenshot below.

The process starts from clicking the explorer from the list and other steps involved would be given below.

In conclusion, Coinmarketcap provide all details about cryptocurrencies listed on the platform including the exchanges that offers the assets' trading and that allow users to get detailed information about different assets available in the market. Speaking of exchanges, Coinmarketcap gives details of their services, the credit score and other information so that users can choose wisely.

We can't let go of the Watchlist and Portfolio features without talking about the duo as they help investors to keep track of assets they wish to invest in or the ones they have invested in, as such, they have it in a confined space to monitor their behaviour over time.

And even the DEX incorporated, Uniswap that allow users to make a quick swap of their ERC-20 tokens with no restriction or presence of third parties. Coinmarketcap is generally a place that provides all information about the listed crypto assets. Thanks to professor @stream4u for this awesome lecture. Thank you all.