Ask anyone where they go to compare cryptocurrency valuations and straight as a flash they’ll reply “Coinmarketcap” (CMC). It is by far the dominant price checking site in the cryptosphere, with Alexa making it the 44th most popular site in the US. For all its might, over-reliance on a centralized data repository has its drawbacks, and goes against the very principles of the decentralized ecosystem. The following crypto comparison sites provide viable alternatives to CMC.
Price Check Sites to Check
Yesterday, the crypto markets dipped, with their movement partially attributed to Coinmarketcap changing the way it calculates the market capitalization of cryptocurrencies. This revision “wiped” $120 billion off CMC’s valuation of the crypto market, causing some sellers to think the markets were in a greater slump than they actually were. The incident illustrates the drawbacks of being dependant upon a single data source.
Such is the muscle of Coinmarketcap, developers now see getting their coin listed on CMS as vital as being added to an exchange. Coinmarketcap is comprehensive and easy to use, and is the market leader for good reason. But for individuals seeking a change from the status quo, there are plenty of excellent coin tracking sites that warrant a closer look. Some use the Coinmarketcap API, it should be noted, while others pull in their own data.
Onchainfx is investor-minded, providing a much greater range of metrics than possibly any other site. Here you can view such data as a coin’s 2050 market cap (to calculate its future worth), percentage of supply issued, ROI, and historical prices. There’s also the Read More Here