Closing the knowledge gap – where to learn about cryptos
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.