What is CoinMarketCap? | How To Use CoinMarketCap

coinmarketcap

What is CoinMarketCap?

CoinMarketCap is a free one stop-shop to help you navigate the crypto market. It’s a useful tool that’s jam-packed full of cool features and uses real-time data to help you on your journey as a crypto investor.

Don’t be fooled upon first glance, it may just look like a website to bookmark for quick and easy access to the latest crypto prices – but it’s way more than a price-tracking website.

The site allows you to search the market by category, explore the trending coins, discover new crypto assets, as well as some hidden features located behind a free sign-up page.

No matter whether you’re a beginner that’s new to the crypto space, or a confident crypto investor, CoinMarketCap is for everyone.

How to use CoinMarketCap

As you all know, the crypto market changes quickly, so it’s important to make sure you’re getting the most out of this free resource. Here’s a whistle-stop tour of the platform.

Global Market Metrics

Once you first head over to CoinMarketCap, you will see a line of data along the top of the homepage. This is the global crypto market stats.

coinmarketcap
  • Cryptos: total number of cryptocurrencies listed on CoinMarketCap – it’s a lot!
  • Exchanges: the total number of crypto exchanges.
  • Market Cap: the global market capitalisation of the entire crypto industry.
  • 24h Vol: total 24-hour volume across all exchanges listed.
  • Dominance: Bitcoin and Ethereum dominance calculated as market cap / total market cap.
  • ETH Gas: Price of gas fees in ETH denomination, Gwei.

Real-time Coin Metrics

From the homepage you’ll be able to see the list of cryptos by market cap, starting with the largest. If you click into any crypto in the list, you will be taken to the dashboard for that individual coin or token. Here you will find all the data and information about that crypto.

Screen Shot 2022 05 10 at 8.46.55 AM
  • Price: the current price, shown in US dollars.
  • Market Cap: the price multiplied by the circulating supply.
  • Fully Diluted Market Cap: the market cap if the max supply was in circulation.
  • Volume: how much was traded in the last 24 hours.
  • Circulating Supply: number of coins circulating in the market.
  • Max Supply: the number of coins that will ever exist.
  • Total Supply: the number of coins created minus any burned or destroyed

Useful Coin Links

On the left-hand side of the dashboard, you’ll find useful links about the coin or token you’re looking at. Bitcoin is featured in the example below.

what is coinmarketcap
  • Ranking: position by market cap.
  • Classification: whether it’s a coin or token.
  • Watchlists: the number of CoinMarketCap users with the coin or token on their watchlist.
  • Website: the official website for the project.
  • Explorers: list of the blockchain explorers to view transaction history.
  • Community: links to online forums or social media sites.
  • Source code: access the computer code .
  • Whitepaper: the technical documentation for the project.
  • Tags: labels given to the project by CoinMarketCap

Chart Data

Staying on the individual dashboard for a coin or token, the chart data is a great way to visualize the price over time. CoinMarketCap has reliable integrations with price-tracking tools such as exchanges and TradingView to bring real-time and historical prices across different timeframes and views.

coin market cap
  • Metric: Change view / metric of the chart.
  • Timeframe: Select between 1 day, 7 days, 3 months, 1 year, year-to-date, all data.
  • Calendar: Use the calendar to select custom dates.
  • Log: View linear or log graphs

Where to Buy

Lastly, whilst looking at an individual coin or token’s dashboard, if you scroll down to the bottom of the page, you will find the ‘Markets’ section. This will show you all the exchanges you’re able to buy that particular coin or token from.

how to use coin market cap
  • Source: these are the exchanges that you can buy the cryptocurrency from.
  • Pairs: these are the trading pairs available to buy for that particular coin or token.
  • Price: the price it’s currently trading at.
  • Volume: before choosing an exchange, make sure there is sufficient volume

Exchanges

To find a list of all the crypto exchanges that CoinMarketCap lists, head over to ‘Exchanges’ and select from the dropdown menu: ‘Spot’, ‘Derivatives’ or ‘DEX’.

how to use coinmarketcap
  • Exchange score: CoinMarketCaps allocates a score to each exchange based on several metrics.
  • Volume (24h): the amount traded across the exchange over the past 24 hours.
  • Avg. Liquidity: CoinMarketCap ranks exchanges from 0-1000, with 1,000 being most liquid.
  • Weekly Visits: number of weekly visits to the website and excludes mobile app visits.
  • # Markets: the number of trading pairs listed on the exchange.
  • # Coins: number of coins or tokens listed on the exchange.
  • Fiat Supported: the global currencies supported by the exchange.
  • Volume Graph (7d): visual representation of volume over the past 7 days

You can filter the list of exchanges by volume in the past 24 hours, by clicking ‘Volume (24h). You can see now that whilst Binance remains top of the list, the rest of the rankings change. This is an indicator of how many active investors are on each exchange at any given time.

coin market cap

By clicking on an exchange, you will be taken to its individual dashboard.

coinmarketcap

You will find a list of all the trading pairs on that exchange, as well as 24-hour volume and useful web links.

Search by Category

To explore the crypto market further, head to ‘Cryptocurrencies’ in the top menu and select ‘Categories’ from the dropdown menu.

coin market cap

You can scroll through the list and click on any category, to explore all the cryptocurrencies within that particular niche.

coin market cap

Gainers and Losers

CoinMarketCap allows you to see the gainers and losers over the past 24 hours. Navigate to ‘Cryptocurrencies’ in the top menu and select ‘Gainers and Losers’ from the dropdown menu.

The cryptocurrencies with the biggest gains are displayed on the left-hand side and the biggest losers are displayed on the right-hand side of the page.

Screen Shot 2022 05 10 at 9.09.24 AM

You can see from this list, the coins with the biggest gains and losses are the smaller altcoins, so do your own research before investing and don’t FOMO in.

Recently added

CoinMarketCap allows you to see the newly created cryptocurrencies. Navigate to ‘Cryptocurrencies’ in the top menu and select ‘recently Added’ from the dropdown menu.

Screen Shot 2022 05 10 at 9.11.03 AM

Trending coins

CoinMarketCap allows you to explore the trending coins over the past 24 hours, 7 days, and 30 days. Click ‘Cryptocurrencies’ from the top menu and select ‘Spotlight’ from the dropdown menu.

You’ll first see a preview of the Trending coins, Biggest gainers, Biggest losers, Most Visited, and Recently Added. Click ‘See More’ if you want to expand the lists.

top trending coins

To toggle the timeframe, click on the dropdown menu next to ‘Timeframe’ and select from 24h, 7d, or 30d.

top trending coins

Watchlist

Here you can create a watchlist of all the crypto coins and tokens you’re considering buying. 

If you haven’t already signed up to a free CoinMarketCap account, when you click on ‘Watchlist’ from the top menu, a pop-up box will appear prompting you to log in.

coin market cap login

Click ‘Create an account.’ Complete the steps and click the ‘Create an account’ button.

Screen Shot 2022 05 10 at 9.15.19 AM

Once you’re registered and logged in, you will be able to create your crypto watchlists. You can rename your watchlist using the edit button next to the default name ‘My First Watchlist.’ Build your watchlist by clicking ‘Add Coins.’ 

Screen Shot 2022 05 10 at 9.16.16 AM

Select the coins you want to watch from the list and click ‘Select Coins’

Screen Shot 2022 05 10 at 9.17.02 AM

Now you will be redirected back to your watchlist, and you’ll be able to see the coins you just added.

Screen Shot 2022 05 10 at 9.17.52 AM

It’s that easy! To remove a coin from your watchlist, just click on the star on the left-hand side, next to that particular coin.

Create your own Portfolio

CoinMarketCap allows you to manually add a record of the crypto assets you hold, as a way to centralize your portfolio and help you manage it.

If you are dollar-cost averaging on a regular basis into multiple coins or tokens, this will prove difficult and time consuming. So this will work best if you have a small portfolio that you plan on leaving for the long-term. 

To create your CoinMarketCap portfolio, click ‘Portfolio’ from the top menu. Then click the ‘Add New’ button.

Screen Shot 2022 05 10 at 9.19.28 AM

Select the coins from the list that you own and would like to track and complete the transaction details. Then click ‘Add Transaction’.

Screen Shot 2022 05 10 at 9.20.26 AM
Screen Shot 2022 05 10 at 9.21.25 AM

You will then be redirected back to your portfolio, where you can track the performance of your crypto.

Screen Shot 2022 05 10 at 9.22.19 AM

Resources to Learn

Navigate to ‘Learn’ and you’ll find a variety of learning materials and knowledge to help you understand the crypto market a little better.

Screen Shot 2022 05 10 at 9.23.30 AM

There you have it! 

Now it’s time to dive in and get started.

ld mockups1 1

Want to maximise the returns on your crypto investments?
Join The Free Wealth Mastery Report to Receive Weekly Insights on Altcoins, NFTs, Airdrops and DeFi!

Want to maximise the returns on your crypto investments? Join The Free Wealth Mastery Report to Receive Weekly Insights on Altcoins, NFTs, Airdrops and DeFi!

ld mockups1 1

Best Exchanges for Buying Crypto With Exclusive Fee Discount

Best Crypto Products

Related Articles

Wealth Mastery #71

➡️ Issue 70 (November 11, 2021):
– Dopex options exchange review
– Blankos game guide
– 67% APY on Polygon’s Entropyfi
– Altcoin TA
– Defi insurance
– Metaverse NFTS
– Interview with Polka Dot based Parallel Finance

Wealth Mastery #72

Issue 72 (November 18, 2021):
– I share some V2 launches, defi opportunities, and low cap gems to keep an eye on in the Big Recap
– Defi dad tutorial on how to earn 1,315% on Fiat Dao.
– Rekt Capital talks about the Bitcoin dip.
– Matts tells you how and why you should use Ethereum’s Arbitrum.
– Sam has a report for you on gaming NFTs.
– Jesse has a review on the metaverse coin High Street
– Interview with the team from Wonder Hero.
– Latest token sales, cryptocurrency news, airdrops, trending coin report and my portfolio analysis.

Wealth Mastery #81

Issue 81 (January 19th, 2022):
– I share my thoughts on competition in the NFT market space and why we should all be watching lower market cap layer ones in 2022.
– Jesse has a deep dive for you on Avalanche’s Trader Joe
– Defi Dad has a tutorial for you on two very hot Avalanche based farms.
– Rekt Capital has the latest technical analysis for you on the market.
– Sam has a report for you on the best layer ones and twos for NFTs.
– Matt has a report for you on Solana gaming coins.
– The team from Numbers join us to discuss their decentralized photo networks.
Hot new token sales.
– Rebecca has all of the latest news for you.
– Jesse has a ton of hot new airdrops for you.
– Rebecca breaks down this week’s trending coins.
– My latest portfolio updates.

Wealth Mastery #80

Issue 80 (January 12th, 2022):
– I share my thoughts on coins to watch and the recent Arbitrum drama.
– Jesse has a deep dive for you on the fantasy NFT card game Gem Guardian.
– Defi Dad has a tutorial for you on how to earn yield on Near.
– Rekt Capital has the latest technical analysis for you on the market.
– Sam has a report for you on ImmutableX and why it matters for NFTs.
– Matt has a report for you on stablecoins.
– The team from Rain Maker, a gaming infrastructure player, join us to discuss how they are working to bring more players into crypto gaming.
– Hot new token sales.
– Rebecca has all of the latest news for you.
– Jesse has a ton of hot new airdrops for you.
– Rebecca breaks down this week’s trending coins.
– My latest portfolio updates.

Wealth Mastery #77

Issue 77 (December 22, 2021):
– I share my thoughts on how and why it is important to review your portfolio from time to time.
– Jesse has a deep dive for you on music crypto Opulous.
– Defi Dad has a tutorial for you on a new platform letting you stake LUNA for 9.6%.
– Rekt Capital has the latest technical analysis for you on the market.
– Sam has a report for you on metaverse NFTs.
– Matt talks about defi on Cardano, specifically who some of the big players could be.
– The team from Quidd join us to talk about their NFT platform with rights to massive brands like Game of Thrones and the NBA.
– Hot new token sales.
– Rebecca has all of the latest news for you.
– Jesse has a ton of hot new airdrops for you.
– Rebecca breaks down this week’s trending coins.
– My latest portfolio updates.