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

in hive-108451 •  3 years ago 

INTRODUCTION
Hello steemians, I am very delighted to write my homework post for this week and also using this opportunity to say a very big thank you to prof @stream4u for this wonderful lecture this week.


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Question 1:

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

The coinmarketcap is a well-eminent and mainstream application or apparatus in the crypto world, which really offers record to every one of the essential subtleties one will need to have about any crypto resource. This instrument or application was seen in the year 2013 and their functioning division as the central command is supposed to be situated in the United States of America. One just necessities a square pilgrim and a utilitarian site to approach this coinmarketcap. It is allowed to utilize and one doesn't any charges to anybody when you need to utilize this site to have any sort of data about any crypto resource you need to find out about. I will give a screen capture of the home interface of the coinmarketcap where you can really see what it involves as depicted in my outline. It shows current costs of resources, upswings, and falls of these equivalent crypto resources on a current premise. You can likewise visit to realize what really happen somewhere in the range of not many hours, days, weeks, months, and a long time back with the assistance of this coinmarketcap. This discloses to us how this device is valuable.

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Queestion 2:

How Coinmarketcap.com useful for Crypto User/Trader?

In this particular question, the coinmarketcap has a great deal of advantages to the merchant and furthermore the client too which I will specify their advantages in this unique situation and furthermore I will give some screenshots to back my proof.

the coinmarketcap gives a great deal of data on resources that as the cost of the resources, Circulating Supply, market capitalization, Rank of crypto resources in the framework thus numerous other essential data is being given by this site or apparatus.

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Watchlist

The watchlist is additionally another extraordinary component of the coinmarketcap whis can show or permit clients to monitor their most loved crypto resources for, this way they can screen its market conduct over the long run. With the watchlist, so since the merchants can follow their resources in here, it is likewise another helpful significance of you coinmarketcap, Below is a screen capture of my watchlist.

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Portfolio

This is likewise another extraordinary element of the coinmarketcap which permits merchants to really put every one of the resources they have ownership of in one spot so it tends to be checked and followed. This element really holds every one of the resources the merchants or clients have. This element is likewise another valuable significance of you coinmarketcap.

A screenshot below shows my portfolio

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Question 3:

Explain the Individual Page for each Crypto Coin on CoinMarketCap.

The coinmarketcap is made to such an extent that, you can really have every one of the fundamental subtleties you need about any resource. However, previously, you should explore through every one of the pages to really know what those pages involves and what really they can do. I will list various them and afterward explore through to have the option to give you the vital subtleties and screen captures you need to know.

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I will like to talk about Overview

Overview

This page gives information to the trader about the trader the general information of the coin such as graphical price in three forms thus Price, market cap and trading view. That not withstanding, it also gives a great information about the rank, market dominance, volume, 24 hrs trading volume, price change and some additional information needed.

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Historical Data

This page gives information or display recorded daily price movement and transaction flow. It brings information about how this coin started and some basic details about the assets. It shows the open price of the day and close price of the day

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Market

This is the place where resources are as far as costs between trades. The market contains a ton of data about resources. it likewise shows the distinction in costs, volume, volume rate, certainty level and liquidity. It additionally makes accessible alternatives to pick a superior trade to use for a resource.

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News

The news feature is an option which allow users to read latest news of any crypto asset. It goes done to two different parts, Latest News and Alexandria. This can help both in the technical and fundamental analyses to traders.

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Socials

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Ratings

With this segment or classification on the page of a crypto resource, it exhibit the conduct or demeanor of the crypto resource. That is the wellbeing status of the crypto resource. Three variables are considered in this segment which are: User movement, Developer Behavior and that of Market development.

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Analysis

In analysis, the necessary information about the various statistics which is needed to determine the place of the asset at any point at all or anytime is made available. This is where the position of the assets is determined in the market as to whether is said to be bearish or bullish and able to make information for users of what profit they might make.

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Question 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.

In this aspect, I will like to talk about the core features and some sub-core features available in the coinmarketcap. My submissions are made below.

Cryptocurrencies

The Cryptocurrencies is the host of all what you need about the core and sub-core features in this task. It holds all the necessary information about all assets. Here are some features that can be found in the cryptocurrencies as host; Ranking, Recently Added, Ledger Tender Countries, Global Charts, Fiat/Companies rankings, Spotlights, Gainers and Losers and Historical snapshots

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As I have mentioned this, I will like to talk about Ranking as one of the features.

Ranking

This is one of a component, a feature as well as a sub-core feature in the Cryptocurrencies which holds data about the all recorded Cryptocurrencies in the coinmarketcap. This are positioned dependent on the market capitalization.

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Recently Added

The next is the recently added sub-core, this feature shows all the recently added to the coinmarketcap within the last 30 days. Price, trading volume, blockchain network, the time it was added and so on. Let's see the screenshots below.

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Legal Tender Countries

This feature has the ability to check on which country has allowed cryptocurrency as a legal tender. El Salvador is the only and first county to allow crryptocurrency to be a legal tender in their country.

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Exchanges

This is another core feature of the coinmarketcap, which has the ability to list of all listed exchanges on the platform offering several type of assets' trading. This also has some other sub-core features which are; Spot, Derivatives, DEX and Where to Buy.

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Spot

With this feature, it shows all the exchanges that offers spot trading which is also one of the sub-core features of the exchanges.

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Gainers and Losers

We are all know that, cryptocurrencies are not stable, they are volatile, this sub-core feature is able to determine the token which has been able to gain or loose taking into consideration time factor.
This feature is used by traders or users for their trading purposes.
Below is a screeenshot of this feature.

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Question 5:

How or when Coinmarketcap.com decides to list a Coin?

With this type of question, this is my opinion. I have been able to make my research and I came out with some keys things that a crypto assets needs to undergo before it can be listed in the coinmarketcap.

Below are some of the points;

  • Information about the asset should be verifiable or geniu. This serves as a building block for that token, so it must contain the right details of the token.

  • The cryptocurrency must at least be upheld on an exchange or more. Typically so that, the prices and other variables can be determined.

  • The asset must have an active website/ blockchain explorer.

  • It must have social media platforms and their official website platform, like a server controlling it.

  • There should be Representatives in which contact can be made when there is a problem.

  • Information about the asset should be verifiable or genuine. This serves as a building block for that token, so it must contain the right details of the token.

The Coinmarketcap is a well prescribe device so before one need to get include in the posting of this tokens or resources. It should meet this requirents expressed. There are even more yet with the end goal of this substance, I will live the outline of this 6 focuses.

Question 6:

How or when Coinmarketcap.com decides to list Exchange?

Exchanges are supposed to meet a requirement before it can be listed on the platform. These are some of requirement below;

  • An exchange should have an official website and an API that generates 24hr volume and lst price of an asset.

  • Look at the Exchange's team to see their specialty, experience and so on to be sure they are up to the standard.

  • An exchange should be able to present a representative from the team that Coinmarketcap can communicate with as regards clarification.

  • Also, an exchange needs to have a working website with a trading volume of all time which matches the data of its API

  • Exchange's community interest/engagement.

  • Moreover, placing an order on an exchange should be more easier for traders to do. They should be easy access to market pairs without being have to login.

Question 7:

What is the purpose of the Uniswap feature on the Coinmarketcap.com site and how a trader can use it?

Looking at this, I will initially clarify what Uniswap, It is supposed to be a decentralized trade that permit clients to trade ERC-20 badge of decision without the intercession of the center men or outsider association.

Uniswap has its contribution on the coinmarketcap on the grounds that Uniswap is fused on Coinmarketcap, is for clients or brokers to make a fast trade of their ERC-20 tokens which requires no middle people for the trading interaction or The combination of Uniswap into the coinmarketcap permits clients a smooth method of trading crypto resource with the association of ethereum wallet.

How to Navigate to Uniswap and Connect to Wallet

There are steps once an follow to access the Uniswap;

  • firstly, you visit the coinmarketcap site and once the page loads, you will need to locate the SWAP button around the right buttom corner.

  • Secondly, I will now Connect Wallet and to connect my wallet of choice,

  • I choose my wallet of choice that I'd prefer to put through with the Uniswap DEX to such an extent that I choose Metamask. Furthermore, it introduces the technique and definitely associated, and I choose Swap.

  • On the swap interface, I chosen the token I need to swap for the other which is ETH and AAVE as the goal coin.

I inputted the amount of ETH for trade, that is 1 and tapped the audit button. The refer to was released and there was a check that I get 7.037909 AAVE for 1 ETH however I may not proceed in light of insufficiently balance.

Question 8:

What is Blockchain Explorer? What Information available under Blockchain Explorer? How many Blockchain Explorer available on Coinmarketcap.com & How it helps users? If you are using any one of the Blockchain from the available list then show with the screenshot how you will use this feature?

Blockchain Explorer

Blockchain Explorer : is a software which is built to collect, arrange and store data from transactions that takes place in a platform for reference purposes. It utilizes the API and some other blockchain nodes, these nodes enables different data from the blockchain and able to present it in a well arranged format that can be searchedand found easily. But some group of people define the Blockchain Explorer as a search engine as a result of what it does.

The blockchain explorer contains the following information;

  • Number of transactions for the day.
  • Value of the transaction.
  • Latest blocks.
  • Transaction volume.
  • Price.

Steps one can follow to Access the Blockchain Explorer on Coinmarketcap

  • Click on Product from the Menu bar.

  • click on Blockchain Explorer from the pop up menu that appears

How many Blockchain Explorer available on Coinmarketcap.com & How it helps users?

You can do this by choosing any block you want to explore from the list.

Conclusion

it's obviously true that, the coinmarketcap give all insights concerning digital currencies recorded on the stage including the trades that offers the resources' exchanging and that permit clients to get point by point data about various resources accessible on the lookout.

it was decent talkng about the center highlights and sub-center highlights of this site which atually shapes part of giving this essential subtleties to the site and to the client and dealers too.

it is able to adjust in cases where the parties involved are not Englsih speaking countries. It gives opportunities to varities of languages that you can actually make good use of.

I will like to use this opportunity to thank the professor @stream4u for his wonderful lecture this week. I really learn a lot from his lecture and I hope my homework task will be accepted and review thank you!!!!

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It's long time consuming task where I also participated but most important things about this home work task is by going through the process I have learnt a lot of new things. It's really interesting to good for your homework task as well as you have explained the individual coin and features very nicely. Best of luck

Thanks bro

Hi @tymes2

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

Review Visit Level
Task Remark
Comment
Guidance, Feedback, Suggestions
Grade
Verification (Done, Hold)
First
Completed
Provided information is explained well, Expected to explain SWAP Feature and Blockchain Explorer in detail with screenshots as per the mentioned information. Also expected more details in the Individual page sections and its features like news and social, here you could be tried to explore it in more detail like what kind of information, news we can get from here, how these options are useful for crypto users, what crypto users can do with the help of these options in detail.
Try to be more informative and provide all possible details, screenshots. Explore each topic well and in detail.
5
Done

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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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Thanks professor @stream4u

I really enjoyed your lectures and also I learn something new