An Overview of CoinMarket
CoinMarket is a FREE trading platform to track all coins in the marketplace. By connecting to all major exchanges you own trading on, you can easily manage your portfolio with ease. This will allow you to buy and sell as often as you like, whenever you like. With CoinMarket, you are also able to make automated trades using real time quotes, which is extremely useful when making large gains in the market.
As you know, currencies can go up and down very fast. There is even a term coined called a “Dump” which describes a large movement in the market where large number of smaller currencies trade against it. There is some degree of risk involved when trading these types of heavily volatile exchanges, so those who are unfamiliar with this type of market may want to use additional software that is available on the website. With CoinDAQ, you will be able to see the top coins and their market caps. These are the top performing currencies according to CoinMarket. In addition, you can also view information such as market cap size, current price, and historical support and resistance levels for each coin.
The most basic function of CoinDAQ is to display the current price for all current coins. On the left side of the page you will see the coins that are currently being traded. Clicking on any one of the coins will bring up a detail of the current price, volume, and current demand. One of the most common uses on CoinDAQ is determining the market cap for the coins. Market cap is determined by taking the market value of each coin and dividing it by the total number of total in circulation. The higher the current demand for a particular currency, the higher the current price.
The right side of the page displays a summary of recent transactions, including which pair (in the case of Forex pairs) was traded. Hovering over one of the currencies will bring up a detail of that pair. The left side of the screen displays a more detailed overview of the current market depth for each currency. Here, you will see all of the major currencies and all of their market depth. At the bottom of this screen you will find the volume for each of the currency pairs that are available on the market at that moment. The volume tells us how many times the currency has been traded on the exchange in a given period of time.
You will also find that several major exchanges are now providing a “pop up” feature where they display information about upcoming events for a given period of time. For instance, in the above screen you will see that four currencies will be added to the Basket Market tomorrow. This type of functionality has been developed in order to increase the user experience on the exchanges. New Cryptocurrencies is constantly being added to the exchanges, and this functionality allows users to easily track new additions to the marketplace.
CoinMarket is the fastest growing of the various currency markets out there. However, the developers have been careful not to allow the program to take control of the exchanges. The developers have instead worked very closely with the exchanges to make sure that the CoinMarket platform is used for its intended purposes. This careful approach by the developers ensures that the privacy of users is kept intact, and therefore the end user does not feel like their privacy is compromised in any way when using CoinMarket.