When one begins in the cryptocurrency world there are so many things to learn, Coin Market Cap can be one of your best resources, and trying to understand all of the information can be confusing and overwhelming. This is the information that I share with my friends to help them have a basic understanding of what all the numbers and information means. I hope it helps you too.
This is the information that is across the top of the Coin Market Cap https://coinmarketcap.com
first page:
Column one Cryptocurrencies – this is how many cryptocurrency coins are evaluated and followed on this site. If you click on this link it will take you to all of the crypotcurrency evaluated on Coin Market Cap
Column two Markets – this is how many markets Crypto Market Cap evaluates on this site, if you click on this link it will show you ALL the coins evaluated on this site and the exchanges where you can find that coin to purchase or exchange
Column three Market Cap – this show you how much Fiat money (cash) is invested in all of the cryptocurrencies Coin Market Cap evaluates – yes it is in the BILLIONS – soon to be trillions!!! If you click on this link it will show you charts and graphs of the total market evlauations
Column four 24hour VOL – is this the amount of Fiat money (cash) that has been invested/exchanged or circulated into the market in the last 24hours
Column five BTC Dominance – this shows how much of the fiat money (cash) has be invested in Bitcoin only – so at this time 32.7% of all the fiat money (cash) has been invested in Bitcoin – so currently of the 7plus billion dollars invested in cryptocurrency, 32.7% of that is invest in Bitcoin only
The screen shot is the first page you see when signing on to this site.
Column One is the name of the coin – this example is Bitcoin
Column Two is the Market Cap – this is how much money is invested in this coin right now via the exchanges that are monitored on Coin Market Cap
Column Three Price – this is the price of the coin determined from the exchanges monitored by Coin Market Cap
Column Four Volume – this is how much this coin has gained in the total cryptocurrency market cap in the past 24hours
Column Five Circulating Supply – this is how many of this particular coin is out for public use and exchange at this time
Column Six Change 24hours – this is how much to price of this coin has fluctuated in the past 24hours
Column Seven Price Graph (7d) this is a look at the graph changes in the past seven days for this coin
It takes some time and practice to fully understand and utilize this site, but it will be your good friend if you keep at it!!!
