Closing the knowledge gap – where to learn about cryptos
Cryptocurrency analyst, Saxo Bank Group
Summary: The cryptocurrency market is developing extremely rapidly as technologies, processes and regulations multiply at speed. In such a hectic environment it can be difficult to stay informed, so here's the lowdown on our favourite sources.
The cryptocurrency market is in a significantly different position than it was last year. Despite the market downturn, entrepreneurs and developers are still building the next wave of blockchains and applications. It is important that investors use this relatively quiet time in the markets as an opportunity to increase their cryptocurrency knowledge. We provide some of our favorite cryptocurrency data sources which we follow to stay up to date with the latest information. It is a good starting point for the crypto market enthusiast.
The ranking sites below provide information on specific cryptocurrencies, such as market cap, circulating supply, and volume. They serve as a good starting point to explore the market of digital assets.
Coinmarketcap is arguably the most popular website from cryptocurrency rankings, in fact when the website dropped Korean exchanges from its calculation, it led to a sell-off in Bitcoin. The site offers simple charts and access to historical data. Also, it offers a ranking of exchanges by volume. Perfect for the crypto beginner. The website supports multiple fiat currencies.
OnChainFx is a great product with many interesting features. One feature allows investors to see the impact of monetary policy on market cap, by extrapolating network value to the year 2050 based on its expected circulating supply. Many investors undervalue the impact of currency inflation on market cap.
Blockchain.info is a staple of the cryptocurrency community. The website has been providing data since the early days of Bitcoin. It provides information on mining, network statistics, and block details for both Ethereum and Bitcoin.
CoinDance offers a more visually pleasing interfacing with limited assets (BTC, BCH). This website is best used to monitor the mining pools on the network as well as the number of nodes on the network.
Bitcoinity has a great set of data outputs, specifically for Bitcoin. They have a unique feature that aggregates the orderbook from several of the top exchanges.
SANTIMENT offers, traditional ranking services in addition to detailed look at token projects based on Ethereum. The website tracks the number of Eth tokens spent by projects, as well as the ETH treasury balances of projects. The website also tracks GitHub activity which can be considered a proxy for development activity for a given project. API is available.
The above sites represent only a selection of the many cryptocurrency data sites on the internet. Saxo Bank does not guarantee the accuracy of the information provided on the individual sites and does not maintain a relationship with any of the listed sites. Trading cryptocurrencies is a highly risky endeavour that can lead to significant losses.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.
Please read our disclaimers:
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-gb/legal/disclaimer/saxo-disclaimer)