CoinMarketCap.com Alternatives: Best Websites To Check?
Coinmarketcap (CMC) is without a doubt the most popular crypto comparison site in the cryptosphere. It was ranked the 44th most popular site in the US by Alexa. While it has achieved quite a feat, over-relying on a single data source has its shortcomings. It also goes contrary to the principle of a decentralized ecosystem.
Just recently the crypto market dipped with CMC being partially responsible for it by changing their method of calculation of market capitalization of cryptocurrencies. This sudden change caused the value of CMC’s crypto market to dip by $120 billion creating a scare among investors. It made it appear as if the markets were in a deeper crisis than was actually the case. This incident highlights the need of having more than one data source.
The following list shows the best alternative coin tracking sites to CMC:
This site is geared towards investors. It has a wide range of metrics that few other sites can match. You can various data such as a coin’s ROI, the percentage of supply issued, historical prices and even calculate its future growth through viewing the coin’s 2050 market cap.
It also allows for side by side comparison of the movement of two assets. It has other additional features like the Bitcoin Price Equivalence and enables you to check a coin’s Vladimir Club Cost – the cost of purchasing 1% of 1% of its total supply.
While it closely resembles CMC, it has a well designed User Interface (UI) and great visualizations that make it worth checking out. It allows you to filter cryptocurrencies’ performance results over a duration of between 24 hours and a year. It also provides useful cryptocurrency guides for beginners. Their Twitter page is also worth following as it contains interesting market information and emerging trends.
Cryptocompare is the site to go to for everything to deal with crypto. You can carry out several comparisons on the site, including viewing rankings for exchanges, viewing mining information and reading reviews of wallets. There’s a forum for site visitors to discuss issues and comment on the site. This allows users to have insight on how other users feel about various coins and exchanges.
The site might appear a bit of a mess, but it’s a valuable comparison site. It not only displays the number of transactions carried out but also their average value for all major cryptocurrencies. It also provides data on wallets and block times including wealth distribution and rich lists. It also indicates each coins Github repository status – whether they are still being developed or they have been seeded.
Coinchekup is a research platform for cryptocurrencies. It contains all the usual data found on most platforms. Its added advantage is that it complements this with info on each crypto coin’s average daily ROI and its volatility over a short period usually a week or a month.
It closely resembles the CMC platform, but it has some unique features that distinguish it. It uses the hash algorithm to filter cryptocurrencies, and this makes it ideal for miners. It also has a section that lists forthcoming ICOs.
This site is also similar to the CMC model the major distinguishing factor being Coincap updates Shapeshift prices in real-time. It allows you to check price changes down to every second. Although keeping up with the changes every second can be a little dizzying, it’s quite a useful resource to have.
At first glance, Coinlib looks like just any other crypto comparison site. However, it has a unique feature that distinguishes it from the rest. It allows for side by side comparison for as many as four cryptocurrency assets and overlays them on a single chart.
Coinmarket cap is indeed the market leader for cryptocurrency. However, don’t over depend on it for comparing coins. There are countless other reliable sites out there that could act as good alternatives.