What is CoinMarketCap?

If you are new to the world of cryptocurrencies, you are probably wondering “what is CoinMarketCap for?”. Let’s find out right now.

CoinMarketCap is a portal dedicated to crypto analysis, universally appreciated for its clarity of information and ease of use.

Already upon logging in, the platform provides an overview of major cryptocurrencies. By browsing through filters and pages, it is then possible to narrow the search on specific coins and tokens, markets, and specific sectors.

Let’s take two examples to understand this.

In the first case, we simply want to know how the crypto market is doing. We will then simply access CoinMarketCap to find by default a list of coins and tokens sorted by market capitalization. Here we will see percentage changes in different time intervals, current price, and volumes.

In the second example, let’s say we want to take a look at the performance of only cryptocurrencies related to the metaverse. Nothing could be easier with CoinMarketCap: by selecting the Metaverse entry we will get a snapshot of projects related only to it.

CoinMarketCap is not limited to being just such a platform. In fact, the portal contains social elements, crypto news, some special features, an education section, and tools for crypto technical analysis.

In short, the portal is an all-around tool that cannot be missed in the cryptoinvestor’s “toolbox.”

Now that we know the basics, let’s go a little deeper.

How to use CoinMarketCap

How do you use CoinMarketCap? Don’t worry: now let’s find out step by step.

First of all, let’s enter the portal at coinmarketcap.com. Here we are on the homepage of the site, where we can immediately see the following elements:

• • At the top we will find the listed cryptos, number of exchanges, market cap, Ethereum gas fee, BTC dominance. Also, on the right side space for our account settings, default currency, language, and so on.
  • Further down here are three important categories: Trending (the most inflamed cryptos of the moment), Recently Added (latest coins and tokens added) and a social block.
  • Finally, here is the list of the top one hundred cryptocurrencies by market cap. By default this is the setting, but through the various clickable labels (DeFi, NFT, Metaverse…) we can easily narrow it down. You can filter and customize the list through the appropriate buttons (Filters and Customize).

Okay, now let’s say we want to get more information about bitcoin (BTC CoinMarketCap): let’s then click on its line (highlighted in photo) to access the dedicated page. Note: there is a search bar at the top right: by typing in the coin’s name or its ticker we will be able to consult its details.

Returning to bitcoin, here is what the in-depth page looks like:

Here we find much more information: from the official website to contract numbers (very useful to avoid scams), from supply and market cap to a complete chart. Just the latter is customizable and, by clicking on the TradingView button, it turns into a tool for crypto technical analysis. In any case, for in-depth reflections we recommend using TradingView directly, which you can subscribe to with our bonuses.

In the right sidebar we encounter the social elements we mentioned earlier. However, let’s avoid giving undue importance to the opinions of others: fair to take them into account but let’s base them on our own observations.

Scrolling down we will find useful textual content, as well as various statistics that can always be of help to us.

Finally, even further down, here we will be able to view the exchanges, both centralized and decentralized, where the coin is supported for exchange.

The detail pages are not only available for cryptocurrencies but also cover other realities such as exchanges. From the menu, pointing the mouse at the word Exchanges will bring up a drop-down menu with the items Spot, Derivatives and DEX. Pretending to click on Spot and then on Binance, here is the dedicated page we will access:

Again, space for a variety of information to help the investor make more informed decisions.

Especially appreciated is the possibility of having an overview of available reserves, something not to be underestimated after the difficulties of the centralized sector in 2022.

Moving to Products, here are some other tools that are quite convenient: from the ICO calendar (indispensable for investors who follow them) to CoinMarketCap’s Blockchain explorer.

Finally, educational content, which we will discuss in the next section.

Alexandria CoinMarketCap

Alexandria is CoinMarketCap’s platform reserved for educational work.

Here the user is provided with a variety of useful content to learn new things about the blockchain and crypto world as well as to stay up to date.

More than 5,000 articles and 1164 glossary entries written by 166 authors are available.

Other cryptocurrency platforms

CoinMarketCap is undoubtedly the number 1 choice in the crypto community, although there are other similar platforms.

CoinGecko is the first competitor and comes with a very similar look and feel. The functionality also follows the same route. The choice is therefore all about taste: there are those who prefer CoinMarketCap and those who opt for CoinGecko.

Then there is PooCoin, a platform that monitors the performance of all the shitcoins and memecoins in circulation. These in fact do not immediately find space on CoinMarketCap and CoinGecko, while they are automatically uploaded to PooCoin.

Getting serious again, DefiLlama is instead the go-to portal for investors and enthusiasts of decentralized finance. Packed with information, data and charts, it is a powerful tool that can concretely help you develop and follow your strategies.

Dune Analytics is an analytics platform where users create charts and indicators. Great for on-chain analysis If you want to do things more seriously, however, you need to subscribe to Glassnode, the leading reality in the field; you can take advantage of our referral and enjoy a discount.

These are just a few names. New platforms are popping up out there all the time; who knows, maybe soon we’ll be here writing about a new CoinMarketCap competitor!

"Oltre a CoinMarketCap, altre piattaforme crypto meritano di essere considerate"

Can I buy crypto on CoinMarketCap​

Despite being one of the most well-known platforms in the environment, some people wonder how to buy on CoinMarketCap? We want to answer and eliminate any doubts at the root.

It cannot be done. In fact, as we have just said, the site is focused solely on data and does not provide swap and buy and sell crypto assets functionality. We can use it to follow asset prices, volumes, trends over time and derive a lot of useful information, but not to trade them.

So how to participate in the market? There are three main solutions:

• CEXs, or centralized exchanges such as Bitget, Bybit and Coinbase, where we can buy and sell cryptocurrencies, but also generate annuity and participate in events such as launchpads;
• The DEX, decentralized counterparts from the DeFi world such as PancakeSwap and Uniswap;
• Apps such as Relai, a different exchange that does not require KYC.

CoinMarketCap: a must-have tool

CoinMarketCap can be summed up in one word: indispensable. Whether you are an inquisitive person, an investor, a trader, or an industry professional, CoinMarketCap is what you need to get crypto market trends at a glance.