The 'Get It Done In An Hour' Guide To Cryptocurrencies: Step-by-step guides to understanding, buying and storing popular by King Nick

Author:King, Nick [King, Nick]
Language: eng
Format: epub
Publisher: UNKNOWN
Published: 2020-04-15T16:00:00+00:00

When you first visit the site, you’ll be presented with the current top 100 cryptocurrencies, ranked by market capitalization.

Let’s break each column down.

Market Cap

A common way of ranking the popularity and success of a cryptocurrency. Market capitalization is calculated by multiplying the price of a coin by its circulating supply.

Example:

Say there are currently 17,183,419 Bitcoin in circulation.

Say the current price of a single Bitcoin is $7,639.41

17,183,419 x $7,639.41 = $131,271,190,545

That makes $131,271,190,545 the current market capitalization of Bitcoin.

Price

The average amount it would cost you to buy one coin of each cryptocurrency, calculated from pricing information collected from a wide range of cryptocurrency exchanges (such as Coinbase).

Volume (24h)

The total amount of trading done in one cryptocurrency over the past 24 hours.

Example:

Person A buys $100 of Bitcoin from Person B Person C sells $150 of Bitcoin to person D

This creates a combined volume of $250 in the Bitcoin market.

Circulating Supply

The total number of coins of each cryptocurrency that are available to buy and sell.

Change (24h)

The amount that a cryptocurrency’s price has gone up or down in the past 24 hours.

Example:

If the price of one coin of a cryptocurrency rises from $100 to $110 in 24 hours, that’s recorded as a 10% change.

Price Graph (7d)

This gives you a quick visual indication of how the price of a coin has moved over the past week. A line moving up means the price has gone up and the line moving down means the price has gone down.

Now click ‘Bitcoin’ so you can see more detailed information about that particular cryptocurrency.

This screen provides a huge amount of data that’s valuable when researching coins.

Logo, Name and Abbreviation

The branding of a coin is important. Here you can see the official logo for the coin, its name and the unique abbreviation that the coin trades under. In this case Bitcoin trades as BTC.

The abbreviation for a coin may not correspond to its name.

Example:

The cryptocurrency Ripple’s abbreviation is XRP.

Rank

This tells us how the coin ranks in popularity, based on market capitalization.

As you can see, Bitcoin ranks number 1. At the time of this writing, CoinMarketCap lists over 1,900 coins.

Website

Click this link to go to the official website of the coin.

Explorer

This link gives you a way to explore the blockchain of this coin.

This allows you to view stats on a blockchain, such as its transactions, number of wallets, etc.

Message Board

If the coin has an official, or unofficial but popular, forum, this is where you’ll find it. Boards are a quick way of establishing if a coin has an active community.

Source Code

If the coin is an open-source project, you can view the actual code that powers it here, usually on the website GitHub.

Charts

The first tab at the bottom of the page gives us a chart that plots important information about a coin.

Using the options at the bottom of the chart, you can show or hide the market capitalization of the coin, the price in US dollars, the price in Bitcoin (if it’s an altcoin) and the 24-hour volume of the coin.

You can also use the sliders or date input boxes to focus on any time period that might interest you.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.