Decisions will be made according to the best interests of CoinMarketCap, meaning that we will continue to develop products and services that benefit CoinMarketCap users, and continue working with partners and customers in a way that benefits them and brings the greatest value to them.” CoinMarketCap will continue to enforce its independence in listing criteria, circulating supply calculation methods, and Liquidity Metric ranking methodology.ĬoinGecko is another site that tracks and evaluates cryptocurrencies on the foundation of different metrics. Carylyne Chan, who will replace Brandon Chez as the interim CEO of CoinMarketCap, addresses the “most immediate” concerns of independence to the community, “CoinMarketCap will continue to be run independently, as an independent entity, from Binance.
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CoinMarketCap also provides both iOS and Android mobile apps to assist users to look at crypto markets on the go.Įarlier this month, CoinMarketCap was acquired by leading crypto exchange Binance for an undisclosed fee, though it was previously reported to be a whopping $400 million. Apart from crypto statistics, CoinMarketCap is building a more comprehensive ecosystem such as cryptocurrency job board, and CoinMarketCap interest, a platform to compare borrowing and lending products in DeFi. CoinMarketCap also offers other crypto ranking metrics such as perpetual swaps markets in derivatives, liquidity and trading volume of crypto exchanges, daily tracking on market capitalization, and trading volume of the entire cryptocurrency market. Market Capitalization= Price X Circulating supply. It ranks the top 100 cryptocurrencies based on total market capitalization, which is calculated after multiplying the price by circulating supply, i.e. This crypto data site is headquartered in the United States since May 2013 and it was developed by Brandon Chez.ĬoinMarketCap currently houses 5,392 cryptocurrencies with more than 21,000 market trades. Who is the biggest threat of CoinMarketCap?ĬoinMarketCap is the leading crypto data provider. However, its dominance came into question following the emergence of crypto data sites such as CoinGecko, WorldCoinIndex and LiveCoinWatch. Since its inception in 2013, CoinMarketCap has been widely regarded as the leading provider in cryptocurrency pricing and trading data. The crypto market has proven to be a force to reckon with since Bitcoin, the leading cryptocurrency, was launched in 2009. As a result, crypto data sites emerged and gained popularity with their ability to assist people in tracking cryptocurrencies prices and trading data in real-time. The ability to process data into insights is essential for cryptocurrency traders to make informed decisions. Additionally, it has become a subject of frequent mention on Twitter by Elon Musk, the tech billionaire who serves as CEO of Tesla and Twitter.Information is power as it comes in handy in decision-making. Although initially created as a joke, Dogecoin has garnered substantial attention and adoption from an increasing number of merchants and online platforms. Dogecoin aims to become a legitimate and widely used alternative to traditional fiat money, while staying true to its roots as the most fun crypto. The community is dedicated to educating others about cryptocurrency, fundraising for charitable causes, and spreading positivity. One aspect that sets Dogecoin apart is its lighthearted and welcoming community, which values kindness, support, and having fun. Unlike Bitcoin, Dogecoin has no limit on the total number of coins that can be created, which means that new coins will continue to be issued indefinitely. This makes Dogecoin a decentralized, peer-to-peer currency that is not controlled by any government or financial institution.ĭogecoin uses a proof of work (PoW) algorithm called Scrypt, which requires miners to solve complex mathematical equations in order to validate transactions and create new blocks on the blockchain. Like Bitcoin and Litecoin, Dogecoin utilizes a decentralized public ledger known as a blockchain, which is maintained by a decentralized network of nodes or computers around the world that work together to validate transactions and maintain the integrity of the Dogecoin blockchain. Technically speaking, Dogecoin was initially created as a fork of Luck圜oin, a fork of Litecoin, which is itself a fork of Bitcoin. It was named after the popular "Doge" meme, which features a Shiba Inu dog and often includes humorous captions.
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Dogecoin is a decentralized, peer-to-peer cryptocurrency created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
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