Coingecko and How it Can Be Helpful for Anyone in the Crypto Market?

in Project HOPE2 years ago

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Coingecko is one of my favorite websites for cryptocurrency prices and statistics. For me coingecko very helpful when it comes to cryptocurrency investment and trading. I’m more of an investor than a trader because I like to buy and hold coins rather than short term trading. Whenever I want to invest in any cryptocurrency, I first look out for fundamentals. If the coin is listed on coingecko, it is a huge advantage for me because I can easily monitor the prices of the cryptocurrency and look out for important statistics like total and max supply, circulating supply, trading volume, exchanges that the coin is listed on, social media channels links…

All these are core basics when doing fundamental analysis for any cryptocurrency that I want to invest in. While a coin being on coingecko isn’t a guarantee that it would be a success, there is a big chance that the coin is a real project. That gives me more confidence to do more research and analysis on the cryptocurrency before making a decision to invest in the cryptocurrency.

Explore Coingecko Features With Information

One of the main benefits and advantages of coingecko website is its features. Coingecko is packed with a lot of friendly and usable features that improves the experience when doing cryptocurrency analysis. To explore the coingecko features, I will break it down into different parts. The header elements and The main body elements

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The header elements

The header elements has three main sections;

  • The top bar: The top bar contains important elements like the signup and sign in buttons, help, subscribe button, language toggle and day/night mode toggle.

  • The navigation bar: The navigation bar is a very important element of the coingecko website. The navigation bar contains elements such as Coins, Exchanges, DeFi, NFT, Portfolio, Publications, Resources, Products, Community. Each of the different elements directs to different sections of the website

  • Info bar: The info bar shows live info and data of all the cryptocurrencies on coingecko; total coins, number of exchanges, the total marketcap of cryptocurrencies, 24hr volume of total cryptocurrencies, bitcoin dominance, ethereum dominance and ETH gas in gwei.

The Main body elements

The main body element has two main sections;

The quick links section: The quick links section contains quick links buttons for easy access to main aspects and features of coingecko. The currency toggle is used to switch between different currencies to become the default coingecko currency. The filter button is used to filter out any aspect of the website that the user wants to focus on.

The Explore all coins button is used for exploring all the coins on coingecko in a single page. The recently added button is used for exploring coins that has been recently added to coingecko website. The categories button is used for exploring coins that has been grouped into different categories based on the category the coins belong to. For example grouping coins into different categories such as coins that are under DeFi, stablecoins, meme tokens etc.

Coins info and data section: This is the most common aspect of coingecko because it is where most users visit the most when on the coingecko website. The coins info and data section contains the list of all the coins that are on coingecko, ranked according to their marketcap and each page cointains 100 coins, and there are multiple pages cointaining the coins in 100s.

This section also contains important info and data of all the coins such as live price, 1hr, 24hr and 7days price changes, volume, marketcap and the last 7 days chart, all displayed at the side of each cryptocurrency. To view all the info, data and statistics of the coin, click on any coin to view it on its own page containing all the info, data and statistics of that coin. At the side of each coin, there is a star icon that is used to mark coin as favorite which is great for quick and easy access of the marked coins. This feature can only be used when signed in to coingecko.

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How does Coingecko compare to coinmarketcap?

In my opinion, both coingecko and coinmarketcap are two very powerful and high quality tools with amazing benefits... both have their pros and cons, however, their both have their benefits and strengths when it comes to technical and fundamental analysis

Coingecko is definitely a fantastic App, as it provides prices and statistics and all other information needed by an investor to make decision of buying or selling a coin. It's really great. I use coinmarketcap mostly, but I have my respect for coingecko. Thanks for posting.

It is a really amazing tool with good reputation when it comes to crypto prices and stats

I use coingecko to track my cryptocurrency holding its indeed a very useful resource for crypto users to get essential information about a coin it features are simple to understand and navigate thanks for sharing.

Yea... it has amazing features for tracking crypto assets and watchlist as well

Thanks for passing out such a powerful message about how to take advantage of the coingecko ecosystem.

You are welcome... Coingecko is without a doubt a really powerful and amazing tool for technical analysis

Coingecko is an excellent application because it gives prices, statistics, and any other data required for an investor to purchase or sell a coin.

Indeed, I rarely use CMC ever since I discovered Coingecko about three years ago. I think it has a better user interface and more professional tools...
Thanks for sharing :) @designieplay

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