Coin gecko is a publishing or information provider about the cryptocurrency market ; it cuts accross everything, from regularrr reports to Non fungible tokens , it provides detailes on a lot of coins and exchanges and it gives these information from a balanced nd fair point of view.
CoinGecko was created in 2014 by enthusiastes TM Lee and Bobby Ong , to help provide insight into the usually dark or highly censored (in some countries ) market .Coingecko is a complete packagee.
IS COINGECKO USEFUL IN THE CRYTOCURRENCY MARKET?
Coin gecko aims to make data such as the asset price, volume, market capital, exchanges to trade coins , record highs and lows, it also gives a report periodically, and gives traders an avenue to read books (though not free) and many other services such as podcasts , newsletters ,etc.
Cryptocurrency trading is usually based on the historic behaviour of a coin and coingecko can bridge this information gap. With coingecko, one can know events and circumstances that can potentially affect a token of interest ( fundamental analysis)
COINGECKO FEATURES
Coingecko is a platform with many features open to users.Bellow are some of the features
1) Coins :
Coingecko gives details about many coins , it also gives a basic analysis of the coins and then recommends an exchange that is best for the trading of the coin, dayly highs and low price , total supply, etc.
2) Exchanges :
Coingecko gives a wide array of exchanges or platforms that a trader can use in their trading. One special feature is that these coins are grouped in ranks, in krder of the solidity of the project and the price of the tokens of course , meaning trader do not need to worry too much about the quality of the exchanges as coingecko has got the job done and done very well .
It also stratifies these exchanges into groups ; spot, derivatives and decentralized exchange .
3) Publications :
Coingecko has got loads of public atd materials to help both newbies and professionals to better their skills of cryptocurrency trading and analysis.
Coingecko has books, podcast, newsletter cryptocurrency report Blogs, and guides that will definitely help traders to get greater understanding of cryptocurrency .
4) Non- fungible tokens(NFTs) :
The coingecko platform gives information about a whole lot of NFT, which helps creators to get maximum value for their work without the fear of Piracy .
5) Portfolio :
This is a feature on Coingecko that allows traders to monitor some specific coins of interest ; coins that they are already trading in. It helps to give the trader an insight into the real life performance of the coin and overrall technical performance.
Trading view
Trading view is a platform that gives a lot of details aboutt a lot of coins and displays trade charts in a manner that most Exchanges don't.
What makes Trading view so special?
1) Access to a lot of Indicators
Trading view has a loads and loads of indicators and tools that helps in technical analysis . Althoughs there are no guarantees that one will make profit in the crypto currency world , the availability of indicators mKes it somewhat easy as it saves the trader the oain and time of analysing a lot of data because the indicators does the rough work.
2) Variety of chart types
Tradingview has got some awesome features like displaying trade charts in many formats like line graphs, candle charts, bar charts, etc. The Line graph in particular makes it very easy to spot trade patterns like the double top and bottom, Elliot waves, and what have you.
3) Information on a lot of coins
Tradingview is a platform that is visited a lot by cryptocutrency traders because it covers details about a lot of coins and tokens. Tradingview gives details about coins in real life, like adoptions, projects and the likes, this information helps in the fundamental analysis of the coins in question.
How to add an indicator on tradingview.
- Visit Tradingview and select any coin of your choice. Click on chart and the candle chart will be displayed on the screen.
- Look to the top of the chart and scroll you will see "fx indicator" , click on it and select built in
- Select any indicator of your choice, I chose MACD(moving average convergence and divergence) in this Case.
How to set up the MACD indicator
To set up the MACD indicator you will have to chose the indicator by following the steps listed above.
Click on the indicator after application on the chart and select setting
Make adjustments to soothe you trade.
Cryptocurrency portfolio and watchlist
One thing that is prevailant in cryptocurrecy tradiny is research , as you will commonly hear of the phrase -Do your own research - , in the course of reseraching, we will come across some coins that we feel to have a sound project and has high hopes for the future and then we decide to monitor them. There are applications and websites that help us in doigg this, and some exchanges too.
What is a crptocurrecy portfolio?
A cryptocurrency portfolio is a collection on coins that we have in our wallets or coins that we are currently investing in . A good crypto currency portfolio should contain some already established coins like Bitcoin, thereum, Ripple , etc but should contain a good number of shit coins or coins ofrom airdrops.
Having a good portfolio is one very important aspect of crypto currency trading that should not be overlooked.
What is a cryptocurrency watchlist?
A cryptocurrency watchlist is a list of coins that we are monitoring and may not necessarily be investing in at the moment . A cryptocurrency watchlist helps a trader to be informed about prospective coins that he or she should invest in soon.
A software or exchange can actually be used In this regard as you will get news about the coin, it's price gluctuation range, and all necessary data.
Portfolio Management
This is the Management or the handling of the coins that one is trading. Portfolio management can be done with the use of exchanges or some wallet and it is important because you can easily switch between those coins while trading.
Say I am holding a particular coin, Token x, and it's value begins to drop sharply , I can quickly buy equivalentt units of another coin that I am holding provided I have a very goodnporfolio of coins and this will help.me navigating the ever fluctuating world of cryptocurrency.
SOME COINS I WOULD LIKE TO ADD TO MY WATCHLIST
1)Ripple (XRP)
Ripple is a local coin of the ripple ledger that has been customized to be a payment method for the ripple ledger . Ripple is designed in such a manner that allows for other digital currencies to be traded on it , thus making it one hell of a token.
2)CHILIZ (CHZ)
This is asset that is used to run a platform called socio; socio.com, which is an entertainment and sport arena for fans and spectators . Chiliz is used to trade items of fans favourite stars or sport teams. Chiliz makes it possible for fans to partake in Elections and vote. This token is a nice bet in 2021 base on the fact that this is a utility token and will always be in high demands by fans.
This token also calls for businesss men or women who are sport inclined to be able to use it in gaining their favourite clubs wears and artifacts . Chiliz will continue to thrive as long as sport and entertainment remains in high demand.
3)MOONRAT
This is a penny cryptocurrency that was built on the binance smart chain. It has some a wonderful concepts that allow holders earn BNB for hodling the token. A certain percentage of every transactions(2%) is distributed to all Moonrat holders and 4% of all transaction is rewarded to all Moonrat holders weekly. This project also has an anti whale scheme.
4)BitTorrent
This is a utility built on the Tron blockchain, it powers different file sharing applications like BitTorrent speed, Dlive ,etc. It rewards the users of uTorrent with BTT after the download and upload of documents or multimedia content. It was originally launched in 2001 but was purchased by TRON in 2018.
5)Safemars
This is another great token with a volume of 499 quadrillion it has burnt over 605 trillion of the total volume. This project was Launched on the 13th of March 2021 and has gained over 400,000 traders . It also shared 2% of each trade with holders. It has its own decentralized exchange platform. Safemars has a fixed perpetual liquidity and burns 1% of each transaction .
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