Crypto Academy / Season 3 / Week 2 - Homework Post for [@stream4u] / Crypto Prices & Market Source - COINMARKETCAP.COM

in hive-108451 •  3 years ago 
Hello everyone, I hope you all are well. As we know CryptoAcademy set 3-Level of course. @stream4u working at the advanced level and delivering us valuable lectures. It is the homework post for his recent S2-W2 lecture about CoinmarketCap.

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Question No. 1:

What Is Coinmarketcap.com? (Minimum 80 words needed)

What Is Coinmarketcap.com?

Coinmarketcap is a real-time crypto price tracking website. It is one of the best crypto-market places to start if you want to gain a sense of the cryptocurrency market. It listed in the well-known brands that start growing up rapidly in the crypto world. its start in May 2013.

Coinmarketcap was acquired by the world's best digital currency exchange Binance in 2020. It fetches information from different trusted sites and presents all the useful information in a good way. As we can see in this screenshot a lot of useful information is not limited to it a lot of features you can find on coinmarketcap.com.

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Question No. 2:

How Coinmarketcap.com useful for Crypto User/Trader? (Minimum 100 Words needed, the screenshot will be addon according to the mentioned information, make sure to tag yourself in your screenshot)

There are a to of functionalities available for User/Trader.

  • A new user can get the latest updates by the latest video news option in Coinmarketcap
  • Traders can use the swapping option at any time by using the swapping floating option on the Homepage using Uniswap.

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  • Users can use the filters option to get the accurate coin according to the need. Different types of filters available as shown in this screenshot.

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  • A user can add a coin to a watchlist it is a useful feature of Coinmarketcap. The watchlisted coins can easily be found by open the watchlist page. Here is the screenshot that tells you how you can add and view a coin to your watchlist.

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  • There also NFT assets information available. A lot of NFT listed there and we can utilize their information. Users can get any type of information regarding the NFT.

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  • For a user finding the best exchange is not difficult with the help of Coinmarketcap. There also exchanges listed rank wise. We can get the details about any exchange like holding volume, Weekly Visits etc.

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  • A user can participate in Learn and Earn program. Where users need to watch useful informative videos and take a quiz to earn a reward for free. It is a limited time offer. To get this offer you can follow this screenshot

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  • Another useful earning feature that many users are not well aware of it. CoinMarketCap Diamonds can be earned by daily visiting the Coinmarketcap website and click on the collect button. To get CMC Diamonds you need to register and log in to your account and click on the diamond symbol as shown in this screenshot.

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  • These Diamonds are used to purchase CMC NFT and other assets.

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  • We can also view historical data of any crypto or analyze the trading view in the chart and we can also add indicators on it for trading purposes or prices prediction.

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Question No. 3:

Explain the Individual Page for each Crypto Coin on CoinMarketCap. (Minimum 150 words needed with the screenshot according to the mentioned information, make sure to tag yourself in your screenshot)

There are many types of pages are there in CoinMarketCap. A large number of coins are listed so every coin has its different information. The template remains the same for every coin so, If we understand a single detail page we can easily understand the information for other coins.

Home Page:

On the main home page of Coinmarketcap, we can see a list of coins with the name, symbol, 24H volume, Circulating supply and much more. They're also a filter option available to get specified coin categories as per need. The main buttons are navigation to exchanges page, NFT page, Watchlist and Coinmarketcap Products. Here is the screenshot of the Main Home Page.

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Coin Detail Page

On the next page after the home page when we click on any coin to get more detail of it. Here we can check all the details of a specific coin.

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Coin Market Page

The third page is the sub-page of the coin detail page. It is a very useful page where were can see all the exchanges where the coin is listed and we also see the trading pairs with it. All the exchanges are listed rank wise It means that the exchange on the first number has occupied the most of market volume. here is the screenshot.

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Holders Data

On this page, we can see the number of holders of that coin. Suppose that if the top 10 holders occupy 50% of the volume then it means that this whale can dump the coin and they are waiting for the target price. Here is the screenshot of the Holder page.

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Coin Wallets Page

It is one of the most important pages where we can see all the wallets that support the specific coin, It means that the coin is officially held in these wallets. Some wallets also allow swapping. Wallets can be Hardware or Software-based.

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Exchange Page

A page where exchanges listed rank wise. We can get the details about any exchange like holding volume, Weekly Visits etc.

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Watchlist Page

It is a useful page where we can get the list of coins that we have watchlisted. You can perform any action as we see on the Home page to click on the coin and then the detail page.

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Question No. 4:

Explain in detail any 5, what are the CORE Features and Sub Features available on Coinmarketcap.com? (Any 5 including Core & Sub Feature, Do Not Include Block Explorer & Uniswap Feature, minimum 250 words needed with the screenshot according to the mentioned information, make sure to tag yourself in your screenshot)

There are a lot of Core features in CoinMarketCap we only need to explain the five Core and Sub-features available on CoinMarketCap. We will start the Core feature from the Cryptocurrencies tab menu. If we hover on it we can see a list of core features there.

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Ranking

The first feature in the Cryptocurrencies menu is Ranking. If we click on it we can see all the coins are arranged in ascending order of ranking. The first rank coin is listed on the top the second rank coin listed on the second place and so on. we can see a list of coins with the name, symbol, 24H volume, Circulating supply and much more. They're also a filter option available to get specified coin categories as per need.

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Recently Added

We can see the latest added coin in the list. The coin that is listed recently will be listed at the top of the list. 20 days data is available on this page.

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Legal Tender Countries

On this page, We can observe which countries allow cryptocurrencies to be used as legal tender. We can see a list of countries and regions that have approved legislation that would allow cryptocurrencies to be used as legal tender.

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Global Charts

It is the graph for represents all the coins at a time. we can get the chart for every time period in the day, month or years. For example, this graph represents the total market capitalization of all crypto assets, which includes stablecoins and tokens.

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Fiat / Companiess Ranking

On this page, there is a comparison of Crytpo currency like Bitcoin with the fiat currency. There are also top listed companies and a separate option for top fiat currencies as you can hear in the screenshot.

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Question No. 5:

How or when Coinmarketcap.com decides to list a Coin? (This is for your own study and research, you can explain as per your findings but it should be in your own words and not from a direct source and provide a link for it)

Coinmarketcap allows using the online submission form to request for adding the coin in CoinMarketCap. Detailed information is also provided on its official website, Link

  • There is a need to submit an application form online. Coinmarketcap evaluates coins based on three criteria during the decision-making process 1: Credibility 2: Methodology 3: Verification.

  • Coinmarketcap checks for a coin that, IS coin including in Cryptocurrency, which means it has a smart contract and is a medium of exchange.

  • When a cryptocurrency is unable to supply market data from one exchange, which must be supported by Coinmarketcap, it is classified as an inactive coin.


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Question No. 6:

How or when Coinmarketcap.com decides to list Exchange? (This is for your own study and research, you can explain as per your findings but it should be in your own words and not from a direct source and provide a link for it)

The exchange that needs to list on CoinMarketCap must have working APIs and a Working website.

Times Up


I think the time is short only 4 minutes left for the valid submission. But I need to post my effort even for 0 marks 😊







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Hi @faisalamin

Thank you for joining The Steemit Crypto Academy Courses and participated in the Homework Task.

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The task is incomplete, the provided and available details you tried well. However, there are still lot of things available into the Individual page which you could try to explore more in details.
Try to be more informative and provide all possible details.
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Your Homework Task verification has been done by @Stream4u, hope you have enjoyed and learned something new.

Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy
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Great great explanation about Coinmarketcap. you are right about Coinmarketcap is a real-time crypto price tracking website. I often see Steem and SBD prices on this web.