CoinMarketCap — Official Website Review

a month ago
Coinmarketcap
Coinmarketcap

CoinMarketCap is a popular service for tracking the dynamics of the exchange rate, capitalization and rating of cryptocurrencies. Created by a small development team from New York in 2013. Today is the most visited web resource of this orientation. 

Coinmarketcap offers visitors detailed information about a huge number of cryptocurrencies and tokens (4890 at the time of writing), which is updated online by processing the data provided by exchanges. In addition, the Coinmarketcap service specializes in a variety of rating lists and comparative charts, collecting historical market data and other functionality useful for the crypto community, which stands out from the competition. 

CoinMarketCap features are described in more detail in the following overview article.

What is CoinMarketCap? 

CoinMarketCap
CoinMarketCap

CoinMarketCap is the largest statistical information portal about cryptocurrencies traded on exchanges. Most traders and investors know the address of his site by heart, since on it they first go, when they need to quickly find out the rate, number of coins, position in the rating and other detailed data about any cryptocurrency project.

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Coinmarketсap's birthday is May 1, 2013, and its creator is American programmer Brandon Chez. 

According to him, the idea to create such a service developed from the understanding that at that moment there was not a single ready-made tool on the cryptocurrency market for comparing trading volumes, not to mention any global ratings. Chaz decided to fill this gap by enlisting the support of a small group of like-minded people. 

Over the 6 years of its existence, CoinMarketCap has “grown” with a host of additional tools for studying and analyzing the cryptocurrency market (charts of market capitalization and dominance, currency converter, blockchain explorer, etc.). Also, this service is now available as an application for mobile gadgets on iOS and Android, which is a slightly simplified version of the site. 

Coinmarketcap developers call it their mission to provide users with the most accurate and up-to-date information on cryptocurrencies, to ensure the reliability of which they have to adhere to the position of anti-censorship and neutrality. 

They also claim that they do not charge for adding new coins to CoinMarketCap, and transfers to wallets indicated at the bottom of  the service’s website is regarded only as donations, which in no way can affect the cryptocurrency ranking results.

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CoinMarketCap Official Website

Coinmarketcap Website Interface

How to use CoinMarketCap
How to use CoinMarketCap

CoinMarketCap service is presented in the form of a fairly simple website with a convenient interface, you can figure it out in a few minutes (provided that the user is familiar with the basics of the cryptocurrency market). 

When you first visit the site, the English version is loaded by default, and all exchange rates, trading volumes, capitalization, etc. are displayed in US dollars. Users have the opportunity at any time to change the language of the service to one of 15 available variants.  

Change the language of the CoinMarketCap interface
Change the language of the CoinMarketCap interface
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If you wish, you can return the cryptocurrency rate to dollars again, or choose another more convenient currency from more than 30 variants offered by the service.
Change the currency of financial information display on CoinMarketCap
Change the currency of financial information display on CoinMarketCap

In addition, CoinMarketCap users have the opportunity to influence the website’s visualization — by applying the “Night mode” option, a button which is available next to the drop-down menus for changing the language and currency, as well as in the footer (block at the bottom of the site). On repeated visits, the service will be displayed taking into account the last settings defined by the user (if the same device and browser in which cookies were not cleared are used). 

Enabling the night mode of the Coinmarketcap interface
Enabling the night mode of the Coinmarketcap interface

CoinMarketCap Functional Overview

How to use CoinMarketCap
How to use CoinMarketCap

The first thing that a user who visits the main page of the Coinmarketcap website sees is an information line that displays summary data on the cryptocurrency market: 

The number of cryptocurrencies and trading pairs tracked by the service.
Total capitalization.
Daily trading volume.
Bitcoin Dominance Index.
CoinMarketCap info line
CoinMarketCap info line

CoinMarketCap main feature is located a little lower - TOP-100 rating, the leadership in which Bitcoin invariably holds, and the remaining positions are distributed on the basis of constantly changing cryptocurrency market capitalization data. 

In this list, organized in a table, the current price is displayed for each cryptocurrency, 24-hour trading volume, supply circulating on the market, percentage rate change per day and weekly schedule in miniature.

Rating TOP-100 cryptocurrencies at Coinmarketcap
Rating TOP-100 cryptocurrencies at Coinmarketcap

Ranking List Interaction

With the help of simple manipulations, the table with the Coinmarketcap ranking list can be modified, giving users access to various options for organizing statistical data.

For example, you can sort rows not by capitalization, but by trading volume, price and other displayed parameters — for this, you just need to click on the header of the desired column.

Sort CoinMarketCap rating by the desired parameter
Sort CoinMarketCap rating by the desired parameter

In addition, you can see information on the next hundred positions in the ranking or the entire list, by clicking the appropriate buttons —"Next 100" and "View All". Next to them is a menu for choosing the currency in which the price, capitalization and volumes are displayed (except for the dollar, BTC, ETH, XRP, BCH and LTC are available).

Change of currency for displaying financial parameters in the Coinmarket rating
Change of currency for displaying financial parameters in the Coinmarket rating

It is also worth paying attention to the Cryptocurrencies menu, which opens up access to the choice of CoinMarketCap rating list variations — TOP 100, Full List, Market Capitalization (based on the general and circulating offer). 

Ranking by the last parameter can be performed only for tokens and coins separately. Also, for the latter, a special item “Filter non-mining” is available, which removes cryptocurrencies that cannot be mined from the rating (indicated by a “*” in the general list). 

Exclusion of non-mining coins from the rating through the Cryptocurrencies menu
Exclusion of non-mining coins from the rating through the Cryptocurrencies menu

Exclusion of non-mining coins from the rating through the Cryptocurrencies menu

If you click on the icon with three dots at the end of any line of the list, a menu will open through which you can add a coin to your personal watchlist, as well as see its detailed chart, trading pairs and historical data present on exchanges.

Additional menu for actions with cryptocurrencies from the CoinMarketCap rating
Additional menu for actions with cryptocurrencies from the CoinMarketCap rating

View Cryptocurrency Summary Information

A click on the name of any cryptocurrency in the Coinmarketcap rating lists opens access to detailed data about it. The same thing happens if you find the desired cryptocurrency through the search bar in the header of the site. In the general heading of the page dedicated to a specific cryptocurrency, you can see:

Logo, name and common ticker.
Price (in dollars and BTC) and its change per day as a percentage.
Market capitalization, 24-hour volume, total and circulating supply of coins.
Current position in the cryptocurrency rating.
Links to the official web resources of the project — site, section on Bitcointalk, blockchain guides, message boards, source codes and technical documentation).
Technology features (coin or token, mined or not).
General information at Coinmarketcap
General information at Coinmarketcap

Next is the interactive zone of the page, in which the cryptocurrency rate graph is displayed by default. 

Chart on CoinMarketCap
Chart on CoinMarketCap

There are also buttons that allow you to switch to the following information blocks:

Market Pairs — rating of trading pairs on various exchanges by volume.
Social networks — a feed of the latest news from the official Twitter and Reddit project.
Tools — creating a cryptocurrency widget for the site (logo, price, rank, capitalization, etc.).
Historical data — viewing the main market indicators of a coin (capitalization, volume, open / close price, etc.) for a selected period of time.
Ratings — familiarization with the indicator of popularity and viability of the project compared to competitors.
Cryptocurrency rating on Coinmarketcap
Cryptocurrency rating on Coinmarketcap

Below are sections with general information about the project in question and the features of its technology (in English only), as well as a variety of statistical information on the coin. 

Project Information and Cryptocurrency Statistics
Project Information and Cryptocurrency Statistics

Coinmarketcap Navigation Menu

In addition to rating lists and pages devoted to cryptocurrencies, the viewing of which is most often limited to the majority of visitors to the service, CoinMarketCap offers a number of other equally useful tools, links to which are located in the main menu in the header of the site.

Ratings

Ratings Menu Content on CoinMarketCap
Ratings Menu Content on CoinMarketCap

This menu contains all the rating tools available at the Coinmarketcap service, combined into the following categories:

  • Market capitalization — a section offering to view the already mentioned TOP-100 cryptocurrency rating displayed on the CoinMarketCap main page, as well as its variations for coins and tokens separately.
TOP-100 tokens according to Coinmarketcap
TOP-100 tokens according to Coinmarketcap
  • Cryptocurrencies — a chart with a ranking indicator in which trading volumes (daily or monthly) act.
Cryptocurrency rating by monthly volume
Cryptocurrency rating by monthly volume
  • Trends — here you can find several interesting lists at once. The Gainers and Losers page contains two opposite ratings, containing data on cryptocurrencies, which are most added and lost in price (per hour, day or week). “Recently Added” is a list of coins and tokens that have appeared on the Coinmarketcap over the past month.
List of the cheapest and most expensive cryptocurrencies
List of the cheapest and most expensive cryptocurrencies
  • Exchanges — cryptocurrency trading site ratings are available in this section based on three key parameters — according to the reporting and adjusted volume, as well as liquidity. The last metric takes into account the statistics of orders in stock glasses (order books), thereby eliminating the problem of manipulating trading volumes. So far, this solution has been launched in beta test mode and is supported by a very small number of cryptocurrency exchanges, but in the future it should become the main Coinmarketcap ranking tool. By the way, access to the same functionality is also possible through the “Exchange” drop-down menu located above any rating list available in CoinMarketCap.
Liquidity Exchanges Rating — New CoinMarketCap Metric
Liquidity Exchanges Rating — New CoinMarketCap Metric

By the way, if you click on the name of any exchange in these charts, a page opens containing detailed data about it:

The name and logo of the site.
Adjusted trading volume in dollars and BTC.
Links to the official website, blog and Twitter account, as well as documentation with the exchange fees policy.
A complete list of active trading pairs of the site.
Coinmarketcap exchange page
Coinmarketcap exchange page

Tools

Contents of the Tools Menu on CoinMarketCap
Contents of the Tools Menu on CoinMarketCap

Contents of the Tools Menu on CoinMarketCap

This section contains links to all additional CoinMarketCap tools:

  1. Global charts — here are charts of market capitalization (with and without bitcoin) and the percentage dominance of cryptocurrencies on the market. These and all the other graphs presented on the CoinMarketCap pages are interactive — the user can change the size of the considered time period and timeframe, as well as switch between the logarithmic and linear scales. In addition, you can find out the value of the parameters displayed on the graph at any time in the past by moving the cursor on the timeline.
Global Coinmarket Chart Graphics
Global Coinmarket Chart Graphics
  • Widgets for sites — with this tool you can generate code to insert a widget  on the website with a ticker exchange rate, rating, capitalization and other data on any cryptocurrency present on the CoinmarketCap. 
CoinMarketCap Widget Tool
CoinMarketCap Widget Tool
  • Currency calculator is a simple and convenient functional for converting any fiat and cryptocurrencies. 
Coinmarketcap calculator
Coinmarketcap calculator
  • Watchlist — rating formed from user-selected coins. In addition to the link in the main menu, it is available through the button of the same name, which is present next to the Cryptocurrencies and Exchanges menus at the top of any chart. You can add new positions to it either through the “Add to Watchlist” field or through the button with three dots at the end of the rows of rating tables. 
Watchlist at CoinMarketCap
Watchlist at CoinMarketCap
  • Historical snapshot — this section provides an opportunity to look into the past and view the details of the cryptocurrency rating (rate, capitalization, circulating offer and price change) for any day from the moment of launching the Coinmarketcap service, that is, from May 2013.
Historical snapshots at Coinmarketcap
Historical snapshots at Coinmarketcap
  • Blockchain Explorer is Coinmarketcap's own block explorer. Nothing special stands out, but it copes quite well with its obligations to display the contents of blocks, wallets and transactions. So far, it only works with Bitcoin, Ethereum and Litecoin networks. 
Blockchain Explorer CoinMarketCap
Blockchain Explorer CoinMarketCap

Resources

Content menu on Coinmarketcap
Content menu on Coinmarketcap

This menu contains tools for developers and information resources that the Marketmarket offers to use for its visitors:

  • API for cryptocurrency trading is a functionality that allows you to create your own trading strategies based on historical data about exchanges and cryptocurrencies collected by the service. In addition, the CoinMarketCap API is useful to developers of wallets, exchanges, exchangers and other cryptocurrency projects. This tool is free for personal exploratory use, but in other cases it will cost from $ 30 to $ 700; 
  • CoinMarketCap Index — a set of investment-grade reference indices created based on the analysis of the capitalization of the TOP-200 cryptocurrencies traded on the market; 
  • Information leaflet — the section contains articles, cryptocurrency news and interviews for traders, investors, developers and other participants of the crypto community; 
  • Crypto Glossary — an alphabetical dictionary of terms related to the topic of cryptocurrencies and blockchain technologies (in English only); 
  • Calendar of events — a schedule of events significant for the world of cryptocurrencies with an indication of their brief description, date and venue, as well as links to an official source; 
  • Introduction to cryptocurrencies is a FAQ section containing introductory information for beginners both on working directly with the Coinmarketcap service and on general questions about cryptocurrency investing.

We also recommend that you look at the detailed CoinMarketCap review:

CoinMarketCap Review

CoinMarketCap Competitors

CoinMarketCap Competitors
CoinMarketCap Competitors

On the Internet there are many services that, by the nature of their activities, are direct competitors to the Coinmarketcap.

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CoinMarketCap still manages to easily maintain leadership for the reason that most competitors are either its clones or simply significantly lose to it in the quantity and quality of the tools provided. 

But some decent options for sites with statistics, analytics and infographics on the topic of cryptocurrencies still exist.

CoinCap

The project of ShapeShift founder Eric Voorhees. In general, it offers online crypto market data similar to CoinMarketCap, however, its usability is slightly better, in particular due to the minimalistic design, the lack of advertising and such chips as viewing cryptocurrency charts right within the rating list (in the expandable window). In addition, if you wish, you can go to more detailed interactive charts, pulling up from the TradingView website. 

At the same time, CoinCap loses to the Coinmarketcap service in the range of additional functions — there are almost none, it all boils down to building a rating of cryptocurrencies and exchanges, which, by the way, are not so much supported (1500 and 70, respectively). 

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Official CoinCap website

CoinCodex

Cryptocurrency Ratings
Cryptocurrency Ratings
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 A more interesting site, which, with proper marketing, may well supplant CoinMarketCap. 

The arsenal of this service has a nice easy interface, up-to-date crypto market statistics, detailed data on coins, global charts, a currency calculator and a watch list. 

In addition, CoinCodex has functionality that Coinmarketkap does not have - tools for managing a portfolio and creating course-tracking alarms, as well as sections with the latest news and data on ICO, IEO and other token sales.

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  Official CoinCodex website  

CoinGecko

Another excellent cryptocurrency statistics service, which, like Coinmarketcap, offers visitors a cryptocurrency rating (by market capitalization) and trading floors, a calendar of events, as well as a list of the most expensive and cheaper coins. 

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However, CoinGecko’s functionality doesn’t end there — here you will find the rating of exchanges based on trading volume and Trust Score (confidence index), and the crypto derivatives chart (by the sum of open positions) and even a timer to the nearest bitcoin halving.

In addition, there are: 

  1. Tools for comparing several cryptocurrencies according to a variety of parameters, as well as on price and capitalization graphs by superimposing them on each other;
  2. A list with the number of subscribers of cryptocurrency projects on social networks (Reddit, Twitter, Telegram, Facebook), allowing you to judge their popularity in the community; 
  3. A table with the data of cryptocurrency networks about the mining algorithm, transaction speed, the number of blocks, nodes and coins in circulation;
  4. Statistics of cryptocurrency price declines since they reached ATH (absolute price maximum);
  5. Several indices calculated based on a set of 50+ cryptocurrencies.
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Official CoinGecko Website

CryptoCompare

Cryptocurrency Ratings
Cryptocurrency Ratings

A fairly convenient and informative service that has existed since 2015 and, in addition to standard ratings, offers a wide range of useful tools, which CoinMarketCap has no alternative to. The main advantages of CryptoCompare are:

  1. Mining calculator;
  2. List of ICOs, crypto-wallets and cards;
  3. Reports on own research of exchanges and ratings based on them;
  4. Guides on trading, mining and other types of earnings on cryptocurrencies;
  5. Forum for thematic user communication.
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Official CryptoCompare Website

Coinlib

Visually, the site of this service resembles a slightly modified Coinmarketcap with night mode turned on — on the main page there is a similar rating list and data on market capitalization and bitcoin dominance.

However, studying the Coinlib main menu makes it clear that its functionality is much wider and more interesting. What are only statistics on trading volumes and the flow of funds between trading pairs on exchanges, presented in the form of diagrams. And on the pages with information on individual cryptocurrencies there are metrics for their assessment on social indicators and developer activity, as well as buying / selling recommendations based on an analysis of technical indicators. 

In addition, Coinlib boasts a price tracking service with alarms to alert users, as well as tools for maintaining a portfolio and comparing cryptocurrencies for a variety of parameters. 

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Coinlib official website

Advantages and Disadvantages of CoinMarketCap

Advantages of CoinMarketCap
Advantages of CoinMarketCap

All the strengths of CoinMarketCap were mentioned throughout the article, but in general they can be arranged as follows:

A wide selection of analytical and statistical tools, which is constantly expanding.
A lot of additional tools that may be of interest to participants in the crypto community.
Collection of relevant data from a huge number of exchanges for a variety of coins (no competitor can boast of the same indicators).
Continuous work on the creation and implementation of new algorithms for ranking cryptocurrencies and exchanges.
Ability to customize Coinmarketcap for different languages and currencies.

As for the disadvantages, CoinMarketCap has no obvious minuses. Yes, you can mention the software “glitches” in the work of rating lists of the service, for example, in the form of a short-term disappearance of bitcoin from 1st place or a sharp change in the rank of individual tokens by 500+ positions. However, almost no one has time to notice such errors, since they are quite rare and are quickly fixed by developers.

You can also recall the absence of a paid version of the service with ads disabled, what a lot of users complain about. Coinmarketcap developers haven’t yet provided such an opportunity, but the problem is easily solved by installing anti-advertising extensions like AdBlock in the browser, and somehow the language does not turn out to call it a problem. 

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There is still an assumption that the Coinmarketcap team is not as conscientious as it tries to seem, and takes bribes for listing and moving coins to more profitable positions in his rating.

 However, so far these are only rumors that quite possibly are spread by competitors who want to move CoinMarketCap off the pedestal.

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