Crypto Academy Season 3 Week 2 Homework Post for (@stream4u) - Crypto Prices & Market Source - COINMARKETCAP.COM

The professor detailed the Coinmarketcap website this week. It is a platform that every cryptocurrency trader uses at least once. It has been used extensively by traders since 2013.

(1) What Is Coinmarketcap.com?

Founded by Brandon Chez in May 2013, it is a cryptocurrency tracking and analysis platform that provides instantaneous data about 10788 cryptocurrencies. The platform was acquired by Binance Holdings Limited a few years ago.

It is possible to access specific information such as instant information of cryptocurrencies, market value, which exchanges it is listed on, daily trading volume, dominance in the entire market, and the highest and lowest values in the past through Coinmarketcap.

Anyone interested in cryptocurrencies does not need to use another website. You can do all of the fundamental and technical analysis of a cryptocurrency here.

Coinmarketcap website became more popular after it was acquired by Binance Holdings Limited. Changes were made in the stock market rating system. It has started hard work in getting users clear ideas about which exchanges are better and which exchanges are worse.

Coinmarketcap received criticism from many quarters that it would not be impartial after it was acquired by Binance Holdings Limited. As far as I have followed, I have observed that they are neutral.

To be listed on the coinmarketcap, a cryptocurrency must meet certain conditions. After meeting these requirements, it will be listed with various features.

(2) How Coinmarketcap.com is useful for Crypto User/Trader?

Coinmarketcap provides in-depth information about cryptocurrencies in a very useful way. Traders can also benefit quite well from them. As a trader and cryptocurrency enthusiast, the first thing I notice when I log into the coinmarketcap website is the price of the cryptocurrency. After these, the change of cryptocurrencies in the last 24 hours and the last 7 days attracts my attention. Daily volume and market values help me to analyze the market deeply.

Price: It is possible to instantly access the live value of thousands of cryptocurrencies listed on the Coinmarketcap site. It will be more effective to look at the prices of the cryptocurrencies that are regularly listed here instead of entering any exchange and looking at the prices one by one in a very complex way. You can use the search box to find out the prices of cryptocurrencies that are far behind in the ranking. The prices of cryptocurrencies are not only displayed in dollars. You can set it to learn the equivalent in almost any country currency.

Volume (24 hours): It shows the transaction volume of cryptocurrencies in the last 24 hours on the Coinmarketcap site. The volumes on all exchanges where it is listed are summed up and a value emerges. Finding out how much trading volume a cryptocurrency has had in the last 24 hours gives traders some insight. A constant increase in the daily volume of a cryptocurrency means that its price is changing and there is a lot of fluctuation. A decrease in daily volume can mean less fluctuation.

Supply: One of the factors that directly affects the value of a cryptocurrency price is Supply. Circulating supply and aggregate supply are different concepts. The number of cryptocurrencies currently in the market is called the circulating supply. The total supply is the number of cryptocurrencies to be created in total. For example, the circulating supply of Bitcoin is 18,750,600 BTC. Its total supply is 21,000,000. Traders invest taking into account the circulating supply and total supply of a cryptocurrency. Checks coinmarketcap to find out about them.

Market Capitalization: The total value of a cryptocurrency is called market capitalization. The product of an asset's circulating quantity and its current price creates market capitalization. When the cryptocurrency price rises and the number of assets in circulation increases, market capitalization increases. When the cryptocurrency price drops and the number of assets in circulation decreases, the market capitalization value decreases. On the Coinmarketcap site, the asset is usually ranked by market cap. Bitcoin has the highest market capitalization, followed by Ethereum.

1 and 7-day change: This is one of the useful parts on the Coinmarketcap site. You can look at the changes of cryptocurrencies one by one for 1 day and 7 days. You can create their ranking in the market according to these changes. Knowing the change in the last 1 day and 7 days helps traders to know which side the market is on and which side it may slide.

Chart pattern of 7 days: Many traders study charts before investing in cryptocurrencies. You can access the last 7 days charts of all assets listed on Coinmarketcap. When you click on the graphs, you can view the graphs for 1 day, 7 days, 1 month, 3 months, 1 year and all time.

Portfolio: We have covered this topic in our previous course topics. Using this tool on Coinmarketcap, traders can find out the profit and loss status of the cryptocurrencies they own, the value of their portfolios.

Watchlist: There are thousands of cryptocurrencies listed on Coinmarketcap. It is very difficult to examine all of them one by one every day. You can examine the latest status of the cryptocurrencies you are wondering about, thinking of investing or purchasing via the Watchlist.

(3) Explain the Individual Page for each Crypto Coin on CoinMarketCap.

There is a section on Coinmarketcap where we will learn all the information about any cryptocurrency. To find out about them, it is enough to click on the cryptocurrency. There are sections such as Overview, Market, Historical Data, Holders, Wallets, News, Socials, Ratings, Analysis, Price Estimated. These parts are also divided into sections among themselves. The Holders throttle is specific to some cryptocurrencies. For example, while Bitcoin has Holders, Ethereum does not.

I will keep Bitcoin in mind while doing my research.

Overview:

You can find all detailed information about the asset in the Overview section. You can learn in detail what the asset (bitcoin) is and for what purpose it was established. It is the area where you can learn the lowest and highest prices of all times, daily, monthly, yearly.

Also here are sections such as price, market cap, and tradingview. You can review according to different time periods in sections such as price, market cap and tradingview.

Market:

It is the part that shows on which exchange any asset is listed. The daily volume of the asset on the exchange also shows the details of which trading pair is listed on the exchanges. In this section, the exchanges are divided into groups such as Spot, Perpetual and Futures.

Historical Data

In this section, it is possible to examine the past prices and price changes of assets on a daily basis. We can learn the opening price, closing price, highest and lowest price. it is also possible to learn the daily volume in the past and the market value of that day. To reach this information on any date, you can access them from the "Date Range" section.

Holders

I must say the Holders part is specific to some cryptocurrencies. While Bitcoin and Tether have this section, Ethereum and Binance Coin do not have this section. There is information about the total number of accounts holding cryptocurrencies and the number of active addresses. You can also find out the statistical status of the largest addresses that have cryptocurrencies and other addresses.

Wallets

There are some recommended wallets to secure your assets. Not every cryptocurrency has this section. For example, this section is not available for Steem. Wallets such as Ledger, Trezor, TrustWallet are recommended for Bitcoin and Ethereum.

News

In this section, you will find the news about cryptocurrencies. By following here, you can be informed about important developments regarding your existence. This part is divided into two. Latest news and Alexandria she . In the latest news section, there are news about cryptocurrencies. In the Alexandria section, there are more different and special reviews.

Socials

There are links where discussions of cryptocurrencies on social media are made. You can join the discussion by clicking these links. Social platforms such as Reddit, Twitter have more links.

Ratings

In this section, it is possible to reach the ratings of the cryptocurrency. The rating has nothing to do with coinmarketcap. Elements such as user activity, developer behavior, market maturity constitute the rating value.

Analysis

It is the part that allows you to get an idea about whether cryptocurrencies will fall or rise. Cryptocurrencies are analyzed using very detailed data.

Price Estimates

The price estimation section is still in the testing phase. You can make predictions about the future. You can also observe what other users think about it.

(4 ) Explain in detail any 5, what are the CORE Features and Sub Features available on Coinmarketcap.com?

This part is the part that contains the basic features that we can see on the coinmarketcap site. There are also subsections for these features. I will talk about them now.

Cryptocurrencies

This section is the section where the conmarketcap site provides the most detailed information. There are sections such as Ranking, Recently Added, Legal Tender Cointries, GlobalCharts, Fiats/ Companies Ranking, Spotlight, Gainers /Losers, Historical Snapshots.

Ranking

In this section, you can rank cryptocurrencies according to various features. The most common sorting is by market value. Today, Bitcoin and Ethereum are in the top 2 in terms of market value. In addition, it is possible to sort cryptocurrencies according to their prices, changes in the last 24 hours or the last 1 week, according to their volume in the last 24 hours, according to their circulating supply.

Recently Added

In this section you can see the newly added assets on coinmarketcap. There is also some information about the assets. You can see the price of the asset, its changes in the last 1 hour and the last 24 hours. Information is available showing its volumes in the last 24 hours, on which blockchain it is located, and when it was added to the coinmarketcap.

By making use of this information, traders have extensive information about newly added assets to coinmarketcap. They will have sufficient information about their future performances.

Legal Tender Countries

This section contains important information by cryptomarketcap. It includes extensive details about countries' attitudes towards cryptocurrencies. Countries where cryptocurrencies are used as legal payment instruments are listed. For now, only El Salvador is on this list. El Salvador accepted Bitcoin as a legal payment method on June 9, 2021. There is also a game here about which countries will pass their own laws.

Exchanges

One of the important parts of Coinmarketcap is the Exchanges section. This section is divided into sections such as Spot, Derivatives, Dex, Lending.

Spot Exchanges

In this section, there are Spot exchanges listed by coinmarketcap according to some criteria. There are important information such as buying/selling volumes, user visits, number of markets and coins in the stock market. Here are the ratings of the stock markets. The highest score belongs to Binance with 9.9. Coinbase and Huobi Global scores 8.8.

Derivatives Exchanges

In this section, derivatives exchanges are listed according to their trading volumes. Exchanges such as Binance, Okex, Bybit, Cointiger are at the top. This section also includes the commissions of exchanges. Market entry dates of exchanges are also available as information.

Decentralized Exchange (DEX)

One of the popular exchanges of the last period is decentralized exchanges. Coinmarketcap site has ranked decentralized exchanges according to certain criteria. The top 3 rankings by volume in the last 24 hours are as follows: UniSwap, PancakeSwap, MDEX. It is also possible to access information such as the number of markets and the date of entry into the market.

Lending

In this section, the Coinmarketcap site lists cryptocurrency lending platforms according to transaction volumes. Venus, Aave and Compound are the platforms on the list. In this section, the volume and market entry dates of the platforms in the last 24 hours are written.

Where to buy

This feature contains information about where to buy cryptocurrencies. It contains detailed information such as the establishment date of the exchanges, how the deposit is made, how the withdrawal is made and the regulation.

NFT

NFT was one of the popular topics of 2021. Although it has lost its popularity recently, you will hear its name frequently in the future. Considering the potential of NFT, Coinmarketcap has reserved a special section for NFT. In this section, you can see the volumes of the NFT projects in the last 7 days, the volumes of all times. CryptoPunks, Art Blocks and Meebits are in the top 3 rankings.

(5) How or when Coinmarketcap.com decides to list a Coin?

There is information about the listing criteria on the Coinmarketcap site. Click here to access extensive and detailed information about the listing criteria.

Listing applications are made by online methods in the first place. Coinmarketcap does not charge any fee for my listing as some exchanges do. It is clearly stated that the only way to be listed or updated on Coinmarketcap is to apply online.

Coinmarketcap site considers 3 criteria in the decision-making process. These are reliability, validation and methodology.

Confidence: The claimant must provide evidence to support his claim.
Verification: Information should be provided from reliable and independent sources.
Methodology: It should be in accordance with the submitted request methodologies.

Other conditions to be considered in listing applications are as follows.

• Have a representative that Coinmarketcap can contact.

• It must be publicly traded and traded on at least 1 exchange that meets the coinmarket's criteria.

• The project must have a website. Necessary information should be included on the website.

• It should have the features that a blockchain should have. Decentralized applications must be compatible with smart contracts.

• It should feature a consensus algorithm or distributed ledgers.

• Coinmarketcap evaluates according to many factors. Both quantitative and qualitative data are important to them.

• Trading Volume & Market Pairs: They pay attention to trading pairs and trading volumes on supported exchanges.

• Community Interest & Engagement: This is the criterion they pay a lot of attention to. A strong community creates a strong project.

• Traction/Progress: They pay attention to the performance of the project from the very beginning.

• Team: Successful completion of the distribution of people and according to the project has a significant impact on the listing criteria.

• Product/Market Fit: The ability of the product to address its usage areas.

• Impact & Practicality: The product is suitable for the era and today's conditions.

• Uniqueness & Innovation: The product must be unique and innovative. What can a similar project contribute to the ecosystem?

• Project Longevity & Activity: It should have the potential to be long-lasting.

• Listing on the Coinmarketcap site can take different forms. These; Inactive listing, unverified listing, unfollowed listing, followed listing.

(6) How or when Coinmarketcap.com decides to list Exchange?

It is similar to the previous question, but listing an exchange is something that coinmarketcap pays much more attention to. There is information about the listing criteria on the Coinmarketcap site. Click here to access extensive and detailed information about the listing criteria.

• The only application method for listing on the Coinmarketcap site is online. The information submitted must be accurate and provide verifiable evidence.

• Must have a useful website. It should conform to API data from which transaction volumes will be well received.

• Details showing the last price and 24-hour volume of each cryptocurrency listed on the exchange should be included. It should have the ideal API endpoint from which to get this data.

• Must have been in operation for at least 60 days. It is unlikely that a newly established exchange will be listed.

• Traders should be able to execute orders on their trading books.

• Users should be able to see all market pairs, order book, trading volume etc. without logging in.

• The name / logo of each entity needs to be clearly visible.

• There should be a representative that Coinmarketcap can contact.

• After the application request, the coinmarketcap team will review the exchange. The accuracy of the submitted information and its presentation with evidence are important criteria.

• Trading Volume & Market Pairs: The stock market is expected to have sufficient trading volume.

• Community Interest & Engagement : Users should show enough interest in the stock market.

• Traction/Progress: It should perform well from the stock market setup.

• Product/Market Fit: The compatibility between the product and the market is required for the listing of the exchange.

• Project Longevity & Activity: It is important for the stock market to be long-lasting.

• Listing on the Coinmarketcap site can take different forms. these; Inactive listing, unverified listing, unfollowed listing, followed listing.

(7) What is the purpose of the Uniswap feature on the Coinmarketcap.com site and how a trader can use it?

Decentralized exchanges have become very popular in the cryptocurrency ecosystem for a few years. Running on the Ethereum network, UniSwap is one of the most sought-after decentralized exchanges by traders. Since the stock market is not centralized, you do not need to be a member of the stock market. You must have a decentralized wallet to access the exchange. By gaining access to the exchange, you can exchange ETH and ERC-20 tokens among themselves. You can only achieve this by triggering a smart contract. Triggering a smart contract is quite costly on the Ethereum network. However, transaction fees on the Ethereum network are decreasing and UniSwap will become more and more popular.

When you log in to the Coinmarketcap site, there is a tab in the lower right corner that says "Swap". When you click on this tab, it is as if you are logging into the UniSwap website.

Such a service is currently only available for UniSwap. In the future, other decentralized exchanges may be added to this.

I clicked where it says 'Connect'.

I need to choose a wallet to connect to the platform. MetaMask is the best fit for me.

I logged in with my MetaMask wallet and as you can see I am ready to interact with UniSwap.

When I write numbers in front of tokens, I can see the trade I can make. The price on Uniswap is almost equal to the market price.

I cannot perform this transaction because I do not have enough funds ETH in my account.

(8) 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?

They are tools that users use to observe events, transfers, transactions, etc. that occur in any blockchain. The existence of such a thing is very important. This allows us to see your transparent side of cryptocurrencies, blockchains.

Each blockchain has a different blockchain explorer. In other words, you cannot view or view transactions on the Bitcoin network using the Litecoin blockchain explorer. That's why you should be careful about which network you use the blockchain explorer for.

You can access all the details by providing information such as address ID, block ID.

• Current balance on a blockchain address
• Past transactions at an address,
• Received and sent balances
• Commissions paid for miners.
• Hash information
• Recently created blocks, miners who created the block
• Holders
• Total and number of active addresses

It is possible to reach the Blockchain explorer on Coinmarketcap. First you need to click on ''Products'' in the middle right. Then click on 'Blockchain Explorer'.

We reached the Blockchain Explorer section. We can learn about transactions in Bitcoin, Ethereum, Litecoin and Binance Coin networks with Blockchain Explorer.

I will use Litecoin for this task. You can start using Litecoin blockchain explorer by clicking on View Bloks, View Transactions. When we click on Market Data, we are directed to the Litecoin general page.

As you can see in the picture, there is information such as block height, transfer amount, performing address, hash id, transactions, date and time.

We can perform detailed searches via Litecoin blockchain explorer with any information we get from here (Hash id, block height, address). I'm searching by block height.

As you can see, I found a lot of details by searching by block height.

(9) CONCLUSION

It is one of the websites that everyone who is interested in cryptocurrencies and invests in cryptocurrencies uses at least once in their life. It is normally necessary to visit 100s of websites to learn the information on the Coinmarketcap site. Here, we have the opportunity to learn the information we will learn from hundreds of websites through a single address.

Coinmarketcap site is very useful if used well. It is enough to use this place to get to know and try the coins and exchanges that have just entered the market. You can find out which stock market is good and which stock market is mediocre due to the rating value it gives.

Daily volumes, daily and weekly changes in the cryptocurrency market are very important for traders. Traders make important moves by noticing such changes. It is very useful for us to be able to see Bitcoin dominance immediately.

I use the Coinmarketcap website almost every day. Sometimes I even use it multiple times a day. I recommend it to everyone.

Thank you professor for this useful lesson.

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