As an investor, you are always looking for the best ways to invest in the market and make a profit. Apart from profit, you certainly want to diversify your investment portfolio. This means you will always look for new cryptocurrencies or the ones that are undervalued.
You might also want to consider other factors such as cryptocurrency exchanges, services, and applications to increase and diversify your investment potential. In addition to these factors, you might want to consider a cryptocurrency price tracker. The tracker will have a significant impact on investment decisions in the long run.
In this blog, let’s look at what cryptocurrency price tracker is along with a quick comparison between three popular price trackers.
Cryptocurrency Price Tracker
In brief, a cryptocurrency price tracker will track the current prices and fluctuations of digital coins. Along with cryptocurrency prices, the tracker will also keep an eye on market capitalization, price charts, trading volume, and much more.
The tracker will also present older values that can help an investor determine the performance of a digital currency. The investor can also compare the performance of 2 or more different cryptocurrencies. This will have a significant impact on investment decisions. With the right data in your hand, you can determine when you should buy or sell the cryptocurrency.
A good cryptocurrency price tracker will be regularly updated to give accurate results. Moreover, the tracker must have ease of use, varied digital currencies, other related information, and more.
CoinMarketCap Vs Bitgur Vs Coinlib
When you go on the market looking for a cryptocurrency price tracker, you will find CoinMarketCap, Bitgur, and Coinlib in the top three. Let’s compare them and see which one is best suited in the long run.
World’s go-to price tracker, CoinMarketCap is amongst the most popular and one of the first price trackers available for investors. The price tracker first started its operations in 2013 and since then has been preferred and due to several reasons.
- The price tracker is very easy to use
- The price tracker has more than 100 cryptocurrencies based on market capitalization
- With every cryptocurrency, you will see major information like price, current market capitalization, trading volume and percentage change for the last 24-hours, and price graph for the past 7 days.
- Moreover, the price tracker also lists cryptocurrencies that are not so popular in the market. The ones that don’t lie in the top 100 cryptocurrencies.
- You can compare multiple cryptocurrencies from different trading exchanges.
CoinMarketCap is a comprehensive price tracker that will make your investment worthwhile.
The price tracker was launched in 2017 and gives investors access to compare multiple cryptocurrencies from different exchanges. The unique feature of this price tracker is that it provides a filtering system to the user. A user can filter out the desired cryptocurrency and values based on year, type, and technology.
For example, as an investor, if you are interested in commodities-linked cryptocurrency, you can filter your search results and fine-tune your investments. Bitgur also offers some services that are similar to brokerages such as volatility index, BTC prediction tool, and a watchlist.
This price tracker is lesser known but could be worth a try. Although the price tracker is not as comparable to CoinMarketCap, it does offer several new features that can be useful to investors.
The price tracker has a “Bitcoin Dominance” feature on top of its page. This is meant to show the measure of the dominance of bitcoin along with features such as market capitalization, and individual currency data. All the values are updated in real-time.
With a comparison tool, the investors can compare up to 4 coins. The investors can also determine arbitrage opportunities using Coinlib.
Price trackers can have a major impact on your investment decision. You can find the right investment opportunity using these price trackers. Combined with other factors, you can earn desired profits and expand your investment portfolio.
For more such insights and information on the cryptocurrency market, keep reading Coin Informer!