CoinCap vs CoinMarketCap: How Leading Crypto Coin Market Cap Data Sites Stack Up
With the popularity of cryptocurrencies growing by day, the need for reliable sites that offer all relevant information on different digital assets also increases. Two of the main sources where you can find price information as well as charts to analyze the movement of cryptos are CoinMarketCap and CoinCap. While both of these platforms have their advantages and disadvantages, competition is heating up as the industry grows.
So, which one offers users more features? Here’s a review of CoinMarketCap and CoinCap and what the two platforms have to offer.
CoinCap has been operational for some time now, but it recently received some major upgrades to improve user experience. As part of the newly built platform, it offers real-time market and price changes, including hourly percentage changes, something that CoinMarketCap doesn’t offer.
Additionally, CoinCap has incorporated more advanced charting and trading tools for the professional traders. It provides TradingView tools that give users more options in cases where real-time data is involved.
It’s also worth to mention that CoinCap doesn’t host any advertisements, at least as of now. Its website appears to be more optimized for mobile users, compared to CoinMarketCap. The platform plans to debut a new dedicated application in late 2018, which will be available for both Android and iOS users.
This is perhaps the largest cryptocurrency information site so far. It receives incredible traffic and offers lots of relevant cryptocurrency information to users, including historic data, and individual coin project sites. The platform ranks currencies by market capitalization, trading volume and supply, and traders can also see 24hr changes and 7-day changes of all the cryptocurrencies. However, the platform doesn’t offer any real-time information on the coin, something that has been considered as its main weakness.
There have also been concerns about CoinMarketCap excluding some exchanges and prices from the market. The controversy was confirmed in 2017 and 2018 when the platform decided to delist prices from Korean exchanges. However, all platforms were reinstated after some time.
CoinMarketCap also has lots of advertisements, which help the platform generate revenue. The information on the site, however, looks to be organized, but more advanced trading tools could really help the website maintain its prime position as the top site for cryptocurrency data.