STEEMIT CRYPTO ACADEMY /SEASON 3/ WEEK 7 : HOMEWORK POST FOR PROFESSOR @reminiscence01

in hive-108451 •  3 years ago 

COINGECKO.

This platform was launched in 2014, it is one of the first set of data aggregating platforms in the cryptocurrency industry, the platform is very reputable because of they way they take more holistic approaches in monitoring tokens and cryptocurrency exchanges. The platform is currently tracking more than 4,700 cryptocurrencies and over 300 exchange platforms. It was founded by TM Lee and Bobby Ong with the aim of tracking cryptocurrencies in a more transparent way.

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CoinGecko is a very good cryptocurrency investment tool because it provides an in-depth analysis of the factors that are very decisive in the cryptocurrency market.
They do not only track tokens by their market cap or exchanges by their trading volume, but they also tracks other critical factors like the progress of the project's code, open source code development of the token, community growth, and many other important events that affects the value of a cryptocurrency or token.

UNIQUE FEATURES OF COINGECKO

Yield Farming

This is a unique feature that you can see in the CoinGecko platform, it provides the users with top yield farming pools by locked values.
It shows the users an overview of cryptocurrency assets, their pool and their audits and collaterals.
It also provide the market cap, the impermanent calculator and the APY calculator.
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Compare Coins

As the name implies, this particular feature makes it easy for the user to compare two coins. So instead of having to do some analysis of two coins separately and then compare them, you can easily use this page to compare them side by side at ease.
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Bitcoin Treasury

This feature is exclusively to showcase the Bitcoin holdings by public companies. So the users can easily check out the publicly traded companies around the world that are buying Bitcoin as part of their corporate treasury.
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Ethereum Treasury

This is yet another exclusive page, but this one is for Ethereum. Here the users can see those public companies that are buying Ethereum, the total amount of Ethereum they are holding and the USD value of the holdings.
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Beam updates

As the name implies, this page ensures that the users of CoinGecko platform are provided with accurate notifications that are coming directly from project teams. It helps the users to know about the latest updates provided by project teams about their projects.
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Latest Crypto News

This is where every user can get all the latest and breaking news about cryptocurrency. They provide an agregate of important updates and publications that concerns the cryptocurrency world.
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2 - TRADINGVIEW PLATFORM

TradingView is an online or web-based (works in a browser) platform which provides the users with the interface for charting andother lots of useful features that can enable the traders to build their own chart. It can be used to track prices and analyze many kinds of tradable assets like stocks, cryptocurrencies, commodities, and many other securities.
The TradingView platform is primarily aimed at stock traders and cryptocurrency investors, but it has been diversified in such a way that it can be used by all kinds of traders.

HOW TO ADD AN INDICATOR ON THE TRADINGVIEW PLATFORM.

Here are the steps you need to follow in order to add an indicator to your chart on the TradingView platform.
1 - You need to open TradingView on your browser. Click on the menu bar at the top left corner of the page.
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2 - click on "chart" and you will be taken to the charting page.
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3 - click on the indicator button at the top of the page and a list of options will appear.
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4 - You can search the indicator you want or choose from the built-in indicators already displaying. In this my chart I have added the Average Decline Ratio indicator.
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HOW TO MODIFY THE INDICATOR

There are a lot of things you can do to the indicator you have added to your chart, here are the steps to this modifications.
1 - Click on the three dots at the bar on top of the indicator and you will be shown some options.
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2 - Click on settings and you will be taken to the page where you can make changes to the indicator you added.
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3 - On the page, you can choose to make modifications on the input, visibility or the style. After making the changes, click on "ok". In my indicator, I have modified the color of the line to be yellow.
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3 - CRYPTOCURRENCY PORTFOLIO AND WATCHLIST

PORTFOLIO

A cryptocurrency portfolio is a service which allows you to effectively track the value of all the cryptocurrencies that you are holding in one place. It is a Simple process where add the coins that you hold and the amount of that coin you’re holding, and you can closely monitor the performance of your coins in the cryptocurrency market.
In your portfolio, you have to add the coin you are holding, the fiat currency that you want to use in tracking the price and the timeframe you want to track that cryptocurrency. You can remove any cryptocurrency from your portfolio if you no longer hold it again.

WATCHLIST

Watchlist is a service or feature that allows you to make a list of cryptocurrencies that are interesting or promising to you and trace their movements or their performance in the cryptocurrency market. The cryptocurrency market list has more than 3000 cryptocurrencies, so one cannot keep track of all of them at the same time. The watchlist is the list of those ones you are tracking with the aim of investing in it if you are impressed with its performance.

THE NEED FOR PORTFOLIO MANAGEMENT

Cryptocurrencies are always very volatile and anyone who does not manage his/her investment can well can lose the investment. This is one of the reasons a cryptocurrency investor should embrace the portfolio system, this means that the investor will not only channel all his capital into one cryptocurrency, but will invest in more than one cryptocurrency, add them to his portfolio and monitor them closely.
This will minimize his chances of losing all his investment if any of the cryptocurrencies on his portfolio fails to perform well. This is because he did not invest all his capital on that cryptocurrency, so he can cover it up by making profits from other cryptocurrencies he invested in.

MY CRYPTOCURRENCY WATCHLIST

ETHEREUM

Ethereum is widely regarded as the second-largest cryptocurrency by coinmarketcap, and one thing that is making investors to keep track of it is the speculative fever from non-fungible tokens (NFTs) and the planned blockchain upgrades. This have recently fueled a lot of parabolic moves in Ethereum. Another factor responsible for the recent surge is the fact that the use of this platform in decentralized finance (DeFi) applications has been gaining a lot of momentum.
I am not holding Ethereum coin, but I am now watching it closely because of the reasons stated above.

CARDANO

The next cryptocurrency on my watchlist is Cardano, it is one of the best performing
cryptocurrencies in the Market in recent times. For starters like me who are always looking out for the real-world impact of a cryptocurrency, then Cardano is one to watch out for because the company is building a platform to accommodate education, finance, and even healthcare. It is obvious that one leading reason why some cryptocurrencies are not having much adoptio is because of little or no real-world application.

DOGECOIN

This is another hot coin in the cryptocurrency market, it has been praise by a lot of cryptocurrency investors and even Tesla CEO, Elon Musk. It has reportedly surged about 12,000% in a year, so I am also monitoring it for potential investment. Appart from buying goods and services with the coin or trading them for other cryptocurrencies, one thing is that the holders of the coin can tip other internet users with the coin for their quality content.

BINANCE COIN

The Binance coin has also gained a lot of momentum recently. It is the coin that is used to pay transaction fees on the Binance exchange platform which is the world's largest cryptocurrency exchange platform by volume.
The cryptocurrency exchange platform had revealed their plans of introducing their own marketplace for users to create, buy or sell NFTs on the platform. This is why I am closely monitoring the BNB coin because it could surge in a massive way very soon.

STEEM

As a steemit user, I am also monitoring the Steem token as it is another promising token, especially after it's previous upsurge in price.
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Hello @anselam, I’m glad you participated in the 6th Week of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:

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Originality1.5/2
Total9.5/10



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