BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
SUBSCRIBE
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result
Home Business

What is CoinGecko?

BlockNews Team by BlockNews Team
November 4, 2022
in Business, Crypto, Social, Technology
Reading Time: 3 mins read
A A
CoinGecko-App
1
SHARES
18
VIEWS
Share on TwitterShare on Reddit

Founded and Launched by TM Lee and Bobby Ong in 2014, CoinGecko is one of the industry’s traditional and giant data aggregators that tracks the cryptocurrency and token trading. Currently, the firm tracks above 4,700 coins and more than 300 tradings.

You might also like

Around The Block – MAR 24 Week in News

Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption

UK to Mandate Declaration of Crypto Holdings in Tax Forms

CoinGecko aims to boost “crypto participants’ understanding of fundamental factors that drive the market.” The founders of CoinGecko disclosed that they wanted to discover more transparent methods to follow up on cryptocurrencies.

As Ong told Coin Rivet:

“We believe that ‘market capitalization is not an entirely great measure of a cryptocurrency’s worth as it’s highly manipulated.” 

On top of following up on tokens and measuring coins, CoinGecko follows up on other important key factors, including project code progress, community development, and open source code development, among different situations that affect its value.

“We started as a crypto data aggregator tracking developer and community metrics. For developer stats, we track Github, Bitbucket, and Gitlab. We count the number of commits, lines added/deleted, stars, forks, and pull requests. For community stats, we track Twitter followers, and Facebook likes, Reddit subscribers, new posts, and comments. We believe that we get a 360-degree overview of any particular cryptocurrencies by measuring community and developer stats.” Ong explained.

With thousands of cryptocurrencies in the market and new ones made almost every month, the CoinGecko team aims to help investors correctly understand the altcoins they can get by providing them with many qualitative, transparent facts. More than just looking at market capitalization is needed and can be manipulated easily; this is where CoinGecko comes in.

How Does CoinGecko Work? 

After signing up and logging into CoinGecko, the landing page briefly describes and displays the top 100 cryptocurrencies. As further described on The Academy website, this is what users of CoinGecko can go about it:

“By default, coins are displayed under the ‘Market’ view, in order of largest market capitalization first. You can view crypto prices in order of market dominance through the ‘All-Time High’ tab or a range of Github statistics under the ‘Developer’ view. Also located on the top right-hand side is the ‘Social’ tab. This shows the number of Facebook likes, Telegram users, or Reddit subscribers a project has. Generally speaking, the more socially active a project is, the less likely it is to be a scam. However, this should not be the only tool for measuring the legitimacy of a project!”

While using the CoinGecko platform, one can view the number of available coins and exchanges and the general crypto market cap at the top of each page. Next to the fluctuating mark while writing, one will find the 24-hour volume accompanied by the dominant percentage of the BTC and ETH of the cryptocurrency market. 

ETH gas price is another essential tool displayed in the website’s header and is estimated in Gwei and shows how dynamic the ETH ecosystem is, which helps users know the right time to buy Ethereum. 

The Academy wrote,

“If you can monitor CoinGecko frequently, you can soon pick up on what time of day in your time zone gas prices are lowest and the cheapest time to make trades.”   

Tags: BusinessCoinGeckocryptoNFT
TweetShareShare

Recommended For You

Around The Block – MAR 24 Week in News

by BlockNews Team
March 24, 2023
0
Around the Block

Introduction In this recap of the crypto world, we will explore the events and news that had the most significant impact in the past week of March 20th....

Read more

Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption

by BlockNews Team
March 24, 2023
0
quicknode

QuickNode is leading the charge as Web3 is poised to revolutionize the world, but it needs its "WordPress moment" to accelerate positive disruption. Blockchain technology can upend manual-intensive...

Read more

UK to Mandate Declaration of Crypto Holdings in Tax Forms

by BlockNews Team
March 24, 2023
0
parliment

The government hopes to close regulatory gaps and stop illegal operations by enacting rules that address various parts of the industry. The requirement to disclose cryptocurrency holdings in...

Read more

The Fed Increases Interest Rates By 25 Basis Points- Impact On Crypto Prices

by BlockNews Team
March 24, 2023
0
The Fed Increases Interest Rates By 25 Basis Points- Impact On Crypto Prices

Crypto prices display rapid fluctuations as the U.S. Federal Reserve hikes interest rates by 0.25%. Investors remain upbeat about the medium-term outlook of Bitcoin and the wider crypto...

Read more

Telegram Enables USDT Stablecoin Payments on the Tron Network

by BlockNews Team
March 24, 2023
0
Telegram

Telegram integrates USDT-TRON (TRC20) into its platform, allowing users to send the stablecoin to their contacts seamlessly and without transaction fees. Telegram's venture into cryptocurrencies began with the...

Read more
Next Post
Digital-India-Currency

The Reserve Bank of India launched the Digital Rupee (CBDC) on the 1st of November

Related News

blur token

Blur’s New Token is Bullish

February 17, 2023
Pharell Williams Supports Web3 for the Future of the Music Industry

Pharell Williams Supports Web3 for the Future of the Music Industry

June 9, 2022
Sega Logo

Bandai Namco and SEGA Show Interest in Blockchain Gaming

September 22, 2022

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Around The Block – MAR 24 Week in News March 24, 2023
  • Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption March 24, 2023
  • UK to Mandate Declaration of Crypto Holdings in Tax Forms March 24, 2023

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?