CoinGecko Review – CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume, and market capitalization, CoinGecko tracks community growth, open-source code development, major events, and on-chain metrics.
CoinGecko was launched back in 2014, It’s one of the earliest and largest data aggregators in the industry, taking a more holistic approach to tracking tokens and cryptocurrency exchanges. CoinGecko currently tracks more than 4,700 coins and over 300 exchanges.
With the goal of elevating crypto participants, understanding fundamental factors that drive the market, CoinGecko founders TM Lee and Bobby Ong wanted to find more transparent ways to track crypto currencies. ‘We believe that ‘market capitalisation’ is not an entirely great measure of a cryptocurrency’s worth as it’s highly manipulated” Ong told Coin Rivet.
Rather than just track and measure analysis of coin and token by market cap or exchanges by trading volume, CoinGecko tracks other key factors as well. These key factors include: A project code progress and open-source code development, Community growth, and other major events that impact its value.
With thousands of cryptocurrencies in the market and new ones created each month, the CoinGecko crew wants to help investors better understand the altcoins available to them by giving them as many transparent and qualitative facts as possible. Simply looking at market capitalization isn’t enough as this can easily be manipulated.
CoinGecko Trust Score For Ranking Cryptocurrencies
With statistics like this doing the rounds, It’s impossible to assess the liquidity of exchange just by trading volume. One must look at other metrics, this is where CoinGecko comes in. The company recently launched a feature it calls “Trust score” to combat fake exchange volume.
“Instead of sorting exchanges by ‘total 24-hour reported trading volume’, CoinGecko now sorts exchanges by Trust Score,” says Ong.
“This is a combination of normalized exchange volume using web traffic and order book analysis. The change took effect universally on the CoinGecko Exchange Overview and Coin pages on May 13, 2019.”
The trading volume of each exchange is normalized using SimilarWeb traffic analysis and the median of users’ trading volume from the Bitwise 10 real-volume exchanges. For order book depth analysis, the bid/ask spread and capital required to move the order book by 2% are both measured.
CoinGecko Frequently Asked Questions
What kinds of users and organization Types Does CoinGecko work with?
CoinGecko works with these users and organization types: Mid Size Business, Small Business, Enterprise, Freelance, Nonprofit, and Government.
What languages does CoinGecko support in their product?
CoinGecko supports these languages: English.
What kind of support options does CoinGecko offer?
CoinGecko offers support online.
What other applications or services does CoinGecko integrate with?
CoinGecko integrates with: AEX, Alpha Bot, Alterdice, APROBIT, AstroTools, BigONE, BIKI, Binance, bitbank, Bitcoin.com, Bitcoin, Bitfinex, bitFlyer, BITFRONT, Bithumb, Bitkub, AscendEX, BitoPro, Bitrue, Bitso, Bitstamp, Bitsten, Bittrex, Bitvavo, and BitWell and more.
Does CoinGecko have an API?
Yes, CoinGecko has an API.
Does CoinGecko have a Mobile app?
Yes, CoinGecko has a mobile app for iPad, Android, and iPhone, You can download it from their respective app stores.
What type of Training does CoinGecko provide?
CoinGecko provides training in the form of documentation.