Alongside CoinMarketCap, CoinGecko is one of the most popular and trusted platforms in the world of cryptocurrency. But what exactly is CoinGecko? What makes it stand out? And how can you get the most out of it?
What is CoinGecko?
CoinGecko is a user-friendly platform that provides detailed information on the entire cryptocurrency market. It offers insights into coins, tokens, exchanges, NFTs, and decentralized finance (DeFi) projects.
With CoinGecko, you can track price changes, trading volumes, market caps, and more for thousands of cryptocurrencies, updated in real-time from over 800 exchanges. Whether you’re new to crypto or a seasoned investor, CoinGecko helps you stay on top of market trends.
Launched in 2014 by TM Lee and Bobby Ong, CoinGecko has grown to attract over 200 million monthly visits and more than 10 million active users. It’s second only to CoinMarketCap in popularity.
5 Expert Tips to Maximize Your Research
The homepage provides an easy overview of the crypto market, but you only need to focus on a few key features.
Find Bitcoin Outperformers
- Coin Status: Pay attention to metrics like market cap, fully diluted market cap, circulating supply, total supply, and max supply. These factors give you insights into the coin’s potential. Keep in mind, even a well-known project doesn’t guarantee its token price will skyrocket.
- Coin Info: This section provides the official contract address, website, and social media links. Always use the contract address and links provided here to avoid scams, as CoinGecko verifies them.
- Category: If a coin is trending, its category might also be outperforming the market. Click on the coin’s category to dive deeper and start your research.
- Price Time Frame: To get a clearer view of a coin’s performance, zoom out and look at the bigger picture. Use the Max, 1-year, or 3-month time frames rather than focusing on short-term fluctuations.
- Market Cap: Many people only focus on price and overlook market cap, which is a big mistake. A coin’s price may drop while its market cap rises, meaning its potential for growth could be narrowing. Always consider both price and market cap for a fuller understanding.
Find ‘Good’ Coins by Category
To begin, click on the “Cryptocurrencies” tab and select “Categories” from the dropdown menu. This will take you to a page with various categorized sections.
You can use filters like “7d” or “24h Volume” to identify trending categories.
You can also use the search bar for trending suggestions. However, keep in mind that most coins listed here have experienced significant gains recently, so investing in them may carry higher risk.
Create a Watchlist
You can easily keep track of your favorite cryptocurrencies by adding them to a watchlist. This allows you to monitor their performance over time without needing to search for them repeatedly.
To do this, you’ll need to create a CoinGecko account. Simply link your Google or Apple account to quickly skip the registration process.
After setting up your watchlist, download the CoinGecko app on your phone and log in with the same account. Your watchlist will automatically sync and appear on the app for easy access.
Explore Other CoinGecko Products
Crypto Portfolio: This feature helps you track your profit and loss (PNL) in real-time with up-to-date data. Simply add a coin and click the “+” icon to enter your transactions. Be sure to include your entry price and total investment in USD. Once set up, you can monitor your positions and PNL on the mobile app in real-time.
Crypto Widget: CoinGecko offers free widgets for your website. You can display various features like a price marquee, crypto heatmap, or a full coin list—allowing your visitors to stay updated with live data.
Gecko Terminal: A DEX explorer app that allows you to track coins not yet listed on CoinGecko and trade on specific decentralized exchanges. It provides live, on-chain data and a wealth of useful information about any token.
Other Features of Coingecko
- Gainers and Losers: See which coins had the biggest price jumps or drops.
- Coin Comparison: Compare two cryptocurrencies side by side.
- Currency Converter: Convert crypto to fiat and vice versa.
- Exchange Information: CoinGecko gives you a comprehensive list of exchanges, including:
- Centralized Exchanges (CEX): Platforms like Binance and Coinbase.
- Decentralized Exchanges (DEX): Like Uniswap and PancakeSwap.
- Derivatives Exchanges: Platforms for trading crypto derivatives.
- NFT Tracking: If you’re into NFTs, CoinGecko offers tools to track:
- NFT Floor Price: The lowest price for NFTs within a project.
- NFT Coins: Cryptocurrencies related to NFT projects.
- Educational Resources: CoinGecko isn’t just about data—it also provides great educational content:
- Articles and Tutorials: Learn everything from crypto basics to advanced DeFi strategies.
- Videos and Podcasts: Insights from industry leaders and blockchain experts.
- Glossary: Understand common crypto terms like “airdrop” and “staking.”
Pros and Cons of CoinGecko
Pros
- Comprehensive Data: CoinGecko provides detailed information on thousands of cryptocurrencies, making it easy to get a full view of the market.
- Real-Time Updates: Data is constantly updated, so you always have the latest numbers.
- User-Friendly Interface: The platform is easy to navigate, even for beginners.
- Community Engagement: CoinGecko has a strong, active community where users share insights and discuss trends.
Cons
- Slow Response Times: With millions of users, CoinGecko’s support team can sometimes take a while to get back to you.
- Mobile Experience: The mobile version can be a bit clunky, with some data displayed in a way that’s hard to read on smaller screens.
FAQs About CoinGecko
Is CoinGecko safe to use? What is Coingecko?
Yes! CoinGecko is a data aggregator, meaning it only provides information—it doesn’t store or manage your crypto. However, always be cautious when clicking on ads or external links on the site to avoid any potential scams.
How often is CoinGecko’s data updated?
Most of the data on CoinGecko is updated in real-time, usually every 1-10 minutes depending on the type of data.
How do I get my project listed on CoinGecko?
If you’re running a crypto project, you can request a listing on CoinGecko by filling out their “Request Listing Form” and providing all the required details. CoinGecko will review your submission and decide whether to list it.
A must-have tool
CoinGecko is a must-have tool for anyone interested in the world of cryptocurrency. Whether you’re a casual trader or a serious investor, CoinGecko offers an array of features to help you stay informed, track your investments, and understand the market. With its real-time data, portfolio management tools, and educational resources, CoinGecko is a one-stop-shop for everything crypto.
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