Crypto Academy Season 3 | Advanced course : Crypto Prices & Market Source - COINMARKETCAP.COM

Thank you @stream4u for this lecture

Source

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(1) What Is Coinmarketcap.com? (Minimum 80 words needed)

CoinmarketCap is the most-referenced website for tracking prices of crypto assets in the cryptocurrency market. It aims to make cryptocurrency seen and globally efficient by giving unbiased, high quality, and accurate information to retail users to make their own conclusions. It was founded in 2013 by Brandon Chez and has since grown to become a trusted source by individuals and institutions for comparing various cryptocurrencies.

There are different features on the website which are of high importance to traders. Capitalization and other details of each coin can be viewed. The website carefully decides what coins are listed on the platform and it is a very big deal to be on the list of coins in CoinmarketCap.com it is absolutely free for visitors as it can be accessed anytime. Currently, it gives information about over 5000 crypto coins.

(2) How Coinmarketcap.com useful for Crypto User/Trader? (Minimum 100 Words needed, the screenshot will be addon according to the mentioned information, make sure to tag yourself in your screenshot)

CoinmarketCap gives relevant information about each listed coin. It has features that show the category of the coin and other information such as historical data, wallets to store coins, socials, news, ratings, analysis, and price estimates.

• Price: This feature works with other major crypto exchanges and gets average price information at five minutes intervals. It shows the current price, the lowest and highest price within 24hours, and the percentage increase or decrease.

• Volume: It also shows a 24-hour trading volume of its listed coins. This is the total traded value of a particular coin. The volume is shown as overall volume and volume with respect to market capitalization.

• Supply: This is another feature on the website. It shows the number of crypto coins currently in circulation together with the maximum supply and total supply.

(3) Explain the Individual Page for each Crypto Coin on CoinMarketCap. (Minimum 150 words needed with the screenshot according to the mentioned information, make sure to tag yourself in your screenshot)

CoinmarketCap provides users with different pages to get information for each crypto coin and they are as follows

Overview:

This page shows the charts of the coin which can be technical or historical. Price, market capital, and trading view options are also available. It also gives some more detailed information such as the projects the coin is undergoing and even exchanges where it is currently listed and trading.

Market:

this page shows the trading type (spot, perpetual, or futures), the exchanges where the coin is currently trading, and in what pairs it is. It also shows depth and confidence (whether high or low). More so, it shows the price in each exchange platform and the liquidity with available volume (in percentage).

Historical data:

this section is all about the history of coin traded. It shows the price (high, low, open, and close) for each day together with the volume and market capitalization.

Holders:

this shows the unique addresses that hold assets in the network. The total and active addresses is shown together with the top holders.

Wallets:

this gives information about wallets where the crypto coins can be stored.

News:

shows information about the most recent news about the coin and crypto market at large. It helps users know what is happening in the market fundamentally, sentimentally, and technically.

Socials:

shows information about recent tweets and Reddit about the coin and market to help understand the views and opinions of others.

Ratings:

It shows the rating of the coin which is calculated by a third-party organization. It is done by considering three factors which are user activity, developer behavior, and market maturity.

Analysis:

This page lets you know the summary of the selected coin and shows the current movement, whether bearish or bullish. Analysis helps users to take action accordingly.

Price estimates:

This section lets users make estimates for the price of a specific coin on different days. It works more like prediction and users get to see and vote the estimates made by others.

(4) Explain in detail any 5, what are the CORE Features and Sub Features available on Coinmarketcap.com? (Any 5 including Core & Sub Feature, Do Not Include Block Explorer & Uniswap Feature, minimum 250 words needed with the screenshot according to the mentioned information, make sure to tag yourself in your screenshot)

1. Cryptocurrencies:

Here, you will get to know more about the coin with sub-features such as;
Ranking
Recently Added
Legal Tender Countries
Global Charts
Spotlight

Ranking:

This shows the direct list of coins according to their ranks (which is based on market capitalization) from all cryptocurrencies. It shows the current price, percentage average in the last 24hrs and 7 days, circulating supply, and volume.

Recently Added:

This shows the list of coins that were newly added between 1 to 3 days. There are separate pages for each coin listed there where users can get in-depth information about the coin to help them act accordingly.

Legal Tender Countries:

A legal tender currency is simply a currency that can be used for payment. This section shows a list of countries that allow cryptocurrency as a legal tender. It shows the country and the currency it supports.

Global Charts:

this page shows different charts based on the total cryptocurrency market cap of all crypto assets and major crypto assets by the percentage of total market capitalization (Bitcoin Dominance Chart)

Spotlight:

this shows the best cryptocurrencies based on the latest data. The spotlight is given according to the latest price and user behavior data.it shows the trending coin, biggest losers and gainers, most visited and recently added coins.

2. Exchanges:

Here you will get to know more about the exchanges for each coin and it has sub-features such as

Spot:
this shows exchanges based on liquidity, trading volumes, traffic, and confidence in the correctness of trading volumes reported. It shows the exchange score, volume (24h), and average liquidity amongst others.

Derivatives:

this shows ranks of the top cryptocurrency derivatives exchanges based on trading volumes. It shows volume per 24h, marker fees, taker fees, open interests, and a number of markets.

DEX:

Decentralized exchanges show ranks of the top decentralized exchanges based on the trading volumes and market share of DeFi markets.

Where to buy:

this is a guide for first-timers, it shows a list of exchanges and other features to help users make their first purchase.

3. NFT:

This page lists the top Non-Fungible Token protocols and tokens. They are listed by sales volume of 7day. it begins with the most valuable first and then in descending order. It also shows the number of assets and collection net worth

4. Portfolio:

this is simply a crypto portfolio tracker. You can keep track of your profits, losses, and portfolio valuation with ease.

5. Watchlist:

Users can create their own lists of cryptocurrencies to follow where they can monitor changes.

(7) What is the purpose of the Uniswap feature on the Coinmarketcap.com site and how a trader can use it? (Minimum 100 words needed with the screenshot according to the mentioned information, make sure to tag yourself in your screenshot)

Uniswap is a decentralized exchange where users can swap an ERC-20 token for another of its kind. The tokens do not need to be deposited on exchange hence there is fear of exposure. What is simply needed is an Ethereum wallet like Metamask and the tokens can be swapped. Swapping can be done directly without an order book. It is now integrated on the Coinmarketcap website which even makes it easier.

How to use uniswap on coinmarketcap.com

Click on the swap icon located at the bottom side of the right corner.

Choose the coins you want to swap and connect to your preferred wallet and then swap it. It is that simple.

(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? (Minimum 120 words needed with the screenshot according to the mentioned information, make sure to tag yourself in your screenshot)

A blockchain explorer is a software that uses blockchain nodes and API to get various data from a blockchain. it uses a database to arrange the said data and then show it to users in a searchable manner. The explorer has an organized data from the blockchain where users input their searchable terms. You can see data about recently mined blocks or recently carried out transactions.

It shows information such as the transaction history of any wallet address, the largest transaction of the day, Mempool status, double-spend incidents, orphaned and stale blocks, genesis blocks and allows users to acknowledge fees of transactions, blockchain difficulty, hash rate, and any other data.

Currently, there are four blockchain explorers available on coinmarketcap.com.
It helps users check if a wallet address is valid to a blockchain before sending crypto coins to a person. It also checks if a transaction has been sent to the recipient. Users can also check their wallet balances. Furthermore, it can help to explain what is wrong with transactions that have not yet gone through or been confirmed and the stages of confirmation. Users can also get to know the current cost of a transaction or gas and therefore help to plan gas spending for future transactions. As research tools, blockchain explorers can help make important decisions related to personal, group, and company finances.

Conclusion
CoinmarketCap is an amazing site to get reliable information. all of its features and sub-features make it easy for users and traders to get good knowledge about Cryptocoins. Uniswap has even made it easier for traders to swap their coins directly without having to go through so much hassles