For anyone getting started with cryptocurrency, understanding how to use CoinMarketCap and the different metrics it offers is essential. CoinMarketCap is one of the most popular websites for tracking crypto prices, and this guide will show you how to navigate the platform as a beginner.
What is CoinMarketCap?
CoinMarketCap (CMC) was launched in 2013 as a website to help users track information about cryptocurrencies.
It quickly became the go-to resource for crypto investors worldwide and was acquired by Binance in 2020.
CoinMarketCap serves as a comprehensive directory for all things crypto.
It updates data frequently, providing real-time insights into the prices, market caps, trading volumes, and even social media links for over 2 million cryptocurrencies.
Whether you’re new to crypto or a seasoned investor, CoinMarketCap is a valuable tool for staying on top of the market.
4 Key Features You Should Know
Event Calendar – Stay on Top of Key Events
The event calendar feature helps you stay informed about important upcoming market and token events, giving you a clear view of what’s ahead so you can be prepared.
A crypto calendar is a handy tool for tracking significant dates in the cryptocurrency and blockchain space. It covers everything from conferences and product launches to regulatory updates.
By staying aware of these events, you can keep up with the latest industry trends and developments. This is especially useful for investors and traders who want to stay ahead of the curve.
However, it’s important to do your own research and not rely solely on the calendar for investment decisions.
These events also offer great opportunities to connect with industry leaders and like-minded individuals.
Keep in mind that some events are open to the public, while others may require invitations or memberships. Always double-check to make sure the event is legit and fits your interests.
Learn and Earn: Get FREE Tokens While Learning
CoinMarketCap Earn gives users the opportunity to earn tokens by learning about different cryptocurrency projects. Here’s how it works: users watch a series of educational videos about a crypto project, complete a quiz with a score of 100%, and may have other tasks to complete depending on the campaign. Once you successfully finish the quiz and tasks, you will receive a reward in the form of that project’s crypto tokens.
To participate, you’ll need a CoinMarketCap account. For tokens from projects listed on Binance, a KYC-verified Binance account is also required. Here are the key points to know:
- Binance KYC Verification: Ensure your Binance account is KYC-verified before taking the quiz to qualify for token distribution.
- Risk Controls: If a KYC-verified account triggers Binance’s internal risk controls, tokens will not be distributed, even if all other requirements are met.
- One Participation Per Campaign: Each CoinMarketCap and/or Binance account can only participate once in each campaign, and you are allowed to take the quiz just once.
This program is a great way to learn more about cryptocurrency projects while earning tokens as a reward!
Once you’ve completed the course, you can check the status of your token distribution on this page. This allows you to stay informed about when and how the tokens will be distributed to your account.
3 Advantages of Using CoinMarketCap
Reliable, High-Quality Information
While information about cryptocurrencies is everywhere, finding accurate and quality data is much harder. Many websites simply copy content from others, which often leads to misleading or outdated information.
CoinMarketCap breaks this trend by conducting its own in-depth research. With a dedicated team of crypto experts, they analyze the factors that drive market movements, ensuring you get reliable and well-researched data.
Verified, Trusted Sources
In addition to their research team, CoinMarketCap uses trusted and verified sources to cross-check the information they receive. This level of diligence ensures accuracy, a principle often overlooked by many platforms.
By prioritizing credibility and transparency, CoinMarketCap demonstrates its commitment to its users and the responsibility it holds in delivering trustworthy market data.
Versatility and User-Friendly Options
CoinMarketCap isn’t just about data—it’s about giving you options. The platform is designed to be user-friendly, offering a wide range of features for both casual users and serious investors.
Whether you want to check the latest market trends or dive deep into historical data and price analysis, CoinMarketCap provides all the tools you need to make informed decisions and explore any crypto project you’re interested in.
To learn how to use Coinmarketcap effectively, follow the same approach in our article about CoinGecko at What is Coingecko? 5 Expert Tips to Maximize Your Research
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