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Savvy investors consider different exchanges, applications, and services to maximize their investment potential when it comes to cryptocurrencies. They spend a lot of time searching for the latest coin: the one with the most exciting prospects or the one that’s the most undervalued.
Fewer individuals who invest time and money into the cryptocurrency space spend adequate time considering the impact that a digital currency price tracker has on their experience. Here are a few price trackers, their services, and how they can help you make investing decisions.
Key Takeaways
- A cryptocurrency price tracker monitors the current value of digital currencies in addition to providing information about market capitalization, trading volume, and price charts.
- The tracker’s accuracy can significantly affect your decisions, so you should choose your price tracker carefully.
- Cryptocurrency price trackers should use reliable and consistently updated data.
- CoinMarketCap is the industry’s most popular and recognizable cryptocurrency price tracker.
- Other trackers include Coinlib and Bitgur.
What Is a Cryptocurrency Price Tracker?
A cryptocurrency price tracker monitors the current values of currencies and tokens. Many of these services also provide historical data, allowing users to compare current prices against older values. Some even provide tools that allow you to compare and contrast multiple cryptocurrencies against each other.
It may seem obvious, but the accuracy of the price tracker you decide to use will significantly impact your decisions and the timing and success of your investments. A tracker that’s updated consistently and uses reliable data to calculate its values is crucial.
There are many other considerations to remember when selecting a cryptocurrency price tracker, however. They include the ease of customer use, the range of digital currencies and tokens covered, and the suite of extra tools and information they make available.
Important
Price trackers provide you with a range of information, including daily trading prices, market capitalization, trading volume, and price charts.
CoinMarketCap
CoinMarketCap is one of cryptocurrency fans’ most-used price trackers. This site is used more prominently than others for several reasons.
Founded in 2013, it’s very user-friendly, listing the top 100 cryptocurrencies by market capitalization on its home page. You can view nearly 9,000 on the site, however, and the list is growing. Each digital currency has information about its current market cap, price, 24-hour trading volume, circulating supply, and its percent change in value over the previous hour, 24 hours, and seven days.
CoinMarketCap
The page for each coin gives you the option to choose a price or market cap graph based on daily, weekly, monthly, or yearly prices and an option to view them all. You can view prices in a line chart or candlestick version to check highs, lows, and open and closing prices for your chosen intervals.
You can view a list of markets for each cryptocurrency, which shows different exchanges and price pairs for your chosen coin.
CoinMarketCap
CoinMarketCap’s Fear & Greed Index on its global Live Cryptocurrency Charts & Market Data page is particularly useful. It uses historical and user behavior data to gauge investor sentiments using a score of zero to 100. A score close to 100 indicates extreme greed in the market, and a score close to zero indicates extreme fear.
CoinMarketCap
Coinlib
CoinMarketCap may be the most recognizable cryptocurrency price tracker, but other websites offer competitive services. Coinlib might be a lesser-known price tracking site, but it does include several useful tools beyond the basic price monitoring system.
Given that Bitcoin remains the most popular and prominent digital currency by market cap, Coinlib includes a “Bitcoin Dominance” measure at the top of its page. This figure, along with market caps and data selection for each cryptocurrency, is updated in real-time.
Coinlib
Coinlib also includes a comparison tool that allows users to view stats on up to four coins or tokens side by side. It offers a price explorer that can assist you in identifying arbitrage opportunities and information about exchanges that might provide the greatest value for your buys and sells.
Coinlib
Coinlib also provides much of the same information that other sites provide, giving it an amount of information that can appeal to users.
Bitgur
According to its website, Bitgur was launched in 2017 and is connected to several different exchanges. The site offers a useful filtering system that allows you to filter cryptocurrency results according to market cap, volume, technology, whether it can be mined, and the category in which it’s listed.
Bitgur
Bitgur also offers its own BTC fee prediction tool, a volatility index, and a watchlist function akin to brokerage services. The site aggregates open interest into graphs for short and long positions in its Tools tab if you’re interested in trading bitcoin futures.
Bitgur
Fast Fact
Other cryptocurrency price tracking websites worthy of mention are Coingecko and TradingView. Blockchain explorer sites can also give you information.
What Is Market Capitalization and Why Is It Important?
Market capitalization or “market cap” is calculated as a company’s share price on any given day multiplied by outstanding shares. It identifies a company’s market value and can be used to rank them in order versus competitors and other stock options.
What Is the App That Shows Crypto Prices?
Apps are different from websites. Apps are generally installed on a device and feed you information. Some of the apps you can use to track cryptocurrency are developed by exchanges.
What Is an Arbitrage Opportunity?
Arbitrage is an investment tactic that involves buying in one market and selling in another at the same time. The goal is to exploit differences in the prices to achieve a profit. An arbitrage opportunity occurs when the stars line up and circumstances are perfect for achieving this.
The Bottom Line
Accuracy and reliability may be the two most important considerations when selecting a cryptocurrency price tracker, but this shows many other services and features you might want to consider.
The price changes of digital currencies are near-constant, so it may not be feasible to look at multiple sites in the heat of a potential transaction. Picking and choosing from the different features they offer can be a good way to gather as much information as possible before going through with a buy or a sell.
The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author owns BTC and XRP.
