• Sun. Aug 14th, 2022

A detailed comparison of different digital currency price trackers

ByHazel R. Lang

Jul 18, 2022

In cryptocurrency, a significant portion of investors’ money has been spent searching the internet for the latest coin. The only reason to conduct this in-depth research is to increase the potential return on investment in the crypto market. Land on the Bitcoin escape page (https://btc-loophole.io/) to track the actual price of crypto tokens in the market. Most experienced traders use price tracking for profitable returns, even in the short term. A price tracker helps an investor know the precise market value of a particular crypto token and other services like trading volume, market capitalization, etc.

As cryptocurrency becomes more and more popular, price tracking services are getting closer to users. With a plethora of online price trackers, it is now essential for crypto investors to choose the most reliable one for their daily needs. Additionally, price trackers have also been of tremendous help to traders and investors who are actively searching for a particular coin or token.

These services provide investors with real-time data on their activities in the market and allow them to make the best trading decisions while keeping an eye on the market value of a particular coin. The main objective of this article is to provide details of some of the most popular price trackers available in the market and compare them to each other in terms of importance and applicability, as well as ease of use. and cost.

Price Tracking Essentials:

A price tracker is a tool that has emerged to help cryptocurrency traders and investors differently. This gives them reliable data to make informed decisions in the crypto market, such as the current value and history of the coin in question. The most important feature of the price tracker is that it gives live updates on the current value of cryptocurrencies compared to the previous one.

This way, anyone can quickly find out the current demand and price of an asset without needing to look away from their computer screen or device. Unfortunately, various price trackers are currently available in the market. As a result, there is a bit of confusion regarding its definition and what exactly it means. To understand the basics of a price tracker, let’s first look at its features:

1. To begin with, a price tracker can be defined as a tool or software that gives information about the current value or worth of cryptocurrency just by looking at the chart of that particular token. It gives the user a clear picture of how the value of a specific cryptocurrency has changed over a particular period and draws the graph accordingly. The chart helps the investor to understand the price trend of that particular token, allowing him to decide whether to invest or not.

2. Second, a price tracker is similar to a stop-limit order. When the price tracker detects sudden or large increases or decreases in the value of a cryptocurrency, it automatically sets orders at that particular price. It asks you to buy or sell with a limit order. This way, he takes full responsibility for tracking and trading so that the trader doesn’t have to worry about anything but his initial investment.

Some popular price trackers

1. CoinMarketCap: The biggest attraction of this particular tool is that it provides all the information regarding each cryptocurrency including their USD value, total supply, circulating supply and market capitalization based on their volume, currency 24-hour trading volume and its evolution. CoinMarketCap provides real-time data on all major coins among a particular token. To use this particular service, the user will first need to register and create an account. CoinMarketCap aggregates data from different exchanges where a particular coin is available for trading.

2. Ethtrader: A price tracker specially designed for Ethereum tokens. It provides live data on various Ethereum tokens including coins and ICOs from various exchanges around the world. The information provided by this tracker includes market capitalization, volume traded in the last 24 hours, price, circulating supply and much more. Like CoinMarketCap, EthTrader also provides a list of social links and forums where people can discuss the price of a particular Ethereum token.

Coinlab is a decentralized service that collects and aggregates all data regarding the 20 most popular cryptocurrencies on the market. Their popularity is due to their reliability and high data accuracy. The main features of this particular service include details of the major coins, market capitalization, trading volume, 24-hour trading volume, and price. Also, it provides a platform for its users to discuss any current or past news regarding cryptocurrency. To use this tool, the user must register for an account.

The main advantage of using this service is that it provides real-time data, eliminating any possibility of pre-manipulation of data and reporting of false information. Another useful feature is that Coinlab provides all the information regarding specific ICOs, making it a handy price tracker, especially for anyone planning to invest in an upcoming ICO.


Source link