Crypto Academy Week 14 - Homework Post for @stream4u : Review of COINGECKO

INTRODUCTION

If you have ever attempted to search for a lost coin or needle in a thick bush, you will know that it can be very stressful, difficult and draining to find a lost coin in a thick bush, in the same vain, it is very difficult to move into the crypto currency game without an idea of what is going on at the moment or an analysis of what has been going on, which is a very big mistake that many newbies make as we always say, you need to learn to earn and the coingecko platform has come to stay for this purpose.

My name is @kelechisamuel and this is my homework post for @stream4u

1. What Is A COINGECKO?

A coingecko is a digital online platform that provides users with essential data about the crypto currency market as a whole, making it easy for users to have a stand point of study on the asset or assets he wants to track or monitor in the crypto currency market

THINGS TO NOTE ABOUT COINGECKO

1. It is not an exchange platform or wallet
2. There is no platform for the deposition of money on coingecko, so beware of fraudulent activities
3. Not all coins and exchanges are being listed on coingecko, there are criteria to be met inorder to get listed on coingecko
4. UPDATE PROCEDURES:
   I. Trading updates between every 1- 10minutes
   II. Available supply updates every 5minutes.
   III. Developer updates every day
   Iv. Blockchains updates every hour

2. How COINGECKO Can Be Helpful for you in a Crypto Market?

The usefulness of Coingecko in the crypto market is numerous but I will only mention but a fewcan be useful in the following ways

1. COIN PRICE : Coingecko tracks the average weighted coin price from a crypto trading platform which is very essential for any user to maximize advantages in the crypto market

2. Trust Score: As a trader in the crypto market it is very important to note the liquidity of an asset which allows for a great trade making the market more suitable so therefore, the coingecko could be very helpful in that aspect since it measures the overall liquidity of an asset

3. Market capitalization:
market capitalization as the name implies, is a platform in the coingecko that helps a user have an idea of the size of one's company asset over another asset which is gotten by multiplying the price of the asset by the supply. This is a very important information that the coingecko offers and it is very helpful in the crypto market

4. Charts and Data: the coingecko is very helpful by the way the charts and data's are being represented, they store charts and data from reliable sources and give u accurate time frames, in which one can be able to back track history and make an effective trade

3. Explore COINGECKO features with information.

The coingecko has a lot of features and I will guide you through my exploration journey

FEATURES OF COINGECKO:

1. MARKET CAPITALIZATION BY CATEGORY:

The coingecko platform shows a display of the market capitalization by category. Just as I described above the market capitalization shows the size of one company's asset over another, you can access this information by opening the website and clicking on the category tab

2. TOTAL MARKET ANALYSIS

This shows the total market analysis of the top gainers, Top losers, and highest volume of the coin. In order to access this information, click on the 24hrs vol at the top of a website.

3. RECENTLY ADDED COINS

This is a page that shows the recently added coins in the coingecko platform. Inorder to access this information, you have to open the coingecko website and click on Recently added coins

4. COINS BY RANKS
This is more like the home page of the coingecko platform, as soon as you open your website, you will have access to this information.

5. NFT DROP

The NFT stands for non-fungible token this page directs you to be able to access the nft drop. In order to access this page, you make use of the nft drop down menu above and click on the nft spotlight

6. ALL CRYPTO CURRENCY

This is a section that shows all crypto currency that has been verified by the coingecko platform. All you have to do is open the coingecko website and click on explore all currency

7. EXCHANGE RANKING BY TRUST SCORE
Just as explained above about the trust score this is a page where the information about the trust score of an exchange platform can be seen. In order to get to this section, open the website and click on the exchange tab at the top, ensure. You stay on the spot tab as underlined

8. DEX:
The word DEX is a decentralized exchange and this page shows a list of them. In order to get to this page click on the exchange and then click on the dex tab at the top left

9. CURRENCIES
This is more like a section where u can switch knowing the various prices rather than spending time with a converter.
In order to access this page click on the usdt button on the page there and u can access this information.

10. CYBER SECURITY
This page attempts to give information on the cyber security of the exchange platforms according to their ratings. In order to access this page, you need to open the website, click on exchange and click on Cyber security on the right hand side of the screen and you will access this information.

CONCLUSION
This homework post is a total review of the coingecko platform which is a platform of absolutely and accurate information, it is not a wallet, nor is it an exchange platform. The coingecko website is really and very important for traders to make a difference in their trading sequence.

Cc
@stream4u