When it comes to cryptocurrencies, investors routinely spend ample time searching for the latest token or coin, or the one with the most exciting prospects, or the one that is most undervalued. Savvy investors look to different cryptocurrency exchanges and related apps and services in order to maximize their investment potential as well. However, fewer individuals who invest time and money into the cryptocurrency space spend the time to consider the impact that a digital currency price tracker has on their experience.
Simply put, a cryptocurrency price tracker monitors the current value of any number of different digital currencies and tokens. Many of these services also provide different types of historical data as well, allowing users to compare current prices against older values and even to contrast the performance of multiple cryptocurrencies against one another. While it may seem obvious, the accuracy of the price tracker an investor uses has a significant bearing on that investor's decisions, as well as on the timing and success of his or her investments. A tracker that is updated consistently and in a timely fashion and which uses reliable data in calculating its values is a must. However, there are many other considerations to keep in mind when selecting a cryptocurrency price tracker, too, including the ease of customer use, the range of digital currencies and tokens covered, and the suite of extra tools and information available. Read on for a comparison of several of the most popular price tracking sites and services.
Coinmarketcap has been the cryptocurrency world's "go-to price checker for as long as anyone can remember," according to bitcoin.com. There are a number of reasons for this site's dominance in the field of price tracker services. First, it is extremely user-friendly. Upon navigating to the page, potential investors see a list of the top 100 cryptocurrencies by market capitalization. Each digital currency includes a slew of data ranging from current market cap and price to 24-hour trading volume, circulating supply of tokens or coins, percentage change in value over the previous 24 hours, and a seven-day price graph. Click on any individual cryptocurrency and you'll see more details about that particular coin or token, including historical performance charts across various time frames, total supply and more. Particularly useful is the breakdown of trading pair, 24-hour volume and current price for the individual cryptocurrency across different exchanges. An investor can quickly compare the price of the currency on multiple exchanges at once, making the determination as to which is the best option for either buying or selling.
What's more, Coinmarketcap is not limited to the top 100 digital currencies; click through to subsequent pages to see lesser-known digital currencies as well.
While Coinmarketcap may be the most recognizable digital currency price tracker as of this writing, there are a number of others that offer a selection of competitive services as well. Coinlib is a lesser-known price tracking site that includes several useful tools beyond the basic price monitoring system. Given that bitcoin remains the most popular and largest digital currency by market cap, Coinlib includes a measure of "bitcoin dominance" at the top of its page. This figure, along with total cryptocurrency market cap and a selection of data for each individual cryptocurrency which is similar to Coinmarketcap's, updates in real time. Further, Coinlib includes a comparison tool that allows users to view stats on up to four coins or tokens side by side. It also offers a best price explorer to assist investors with identifying arbitrage opportunities and the exchanges which might offer them the greatest value for their buys and sells.
Bitgur is another up-and-coming cryptocurrency price tracker. Like Coinlib, the basic structure of this site is very similar to that of Coinmarketcap. What it does offer with regard to unique features is a useful filtering system. Bitgur's site allows users to filter cryptocurrency results according to category type, year and technology. Thus, investors with a particular focus on, say, commodities-linked cryptocurrencies will have the opportunity to fine-tune their searches. Bitgur also offers its own BTC fee prediction tool, a volatility index and a watchlist function akin to brokerage services.
Like Bitgur, Apogee's platform provides users with the option of creating a custom portfolio and monitoring its progress. Particularly for those investors with interests in a large number of different cryptocurrencies, this service can be an especially useful way of filtering out unneeded information and collecting data in a single place. Apogee aims to streamline the user experience by also including links to top cryptocurrency exchanges, analysis tools, wallets, podcasts, and even popular digital currency YouTube channels. As with Bitgur, users must create an account through the Apogee platform in order to make use of the full range of offerings.
Coincall offers many of the same monitoring and tracking features as Bitgur and Apogee. It allows users to build their personal holdings into the larger list of top cryptocurrencies so that investors can quickly compare their assets against other digital currency options. What's more, Coincall does not require an account in order to monitor a portfolio, so long as users access the Coincall page from the same device over time.
Coinliker does not offer many of the same functions and services as the price tracker sites above. Nonetheless, it can be a very useful addition to a cryptocurrency investor's toolbox for at least two reasons. First, Coinliker includes a chart at the top of its main page that indicates the most popular digital currency holdings among its users. One can see, for example, that ripple may be a more popular holding than BTC, even though BTC ranks higher in terms of market cap. Secondly, Coinliker includes a "random" button which allows users to explore obscure altcoins on a whim.
It's unlikely that CapCompare will be any cryptocurrency enthusiast's only choice for a price tracking site. CapCompare's website is a bit clunky, with broken images and lackluster visuals as of the time of this writing. However, it's incredibly useful for doing what its name suggests: CapCompare allows users to quickly and conveniently compare the market caps of cryptocurrencies with those of NYSE companies and even with entire countries.
While accuracy and reliability may be the two most important considerations when selecting a cryptocurrency price tracker, the list above shows that there are many other services and features to think of as well. Because the prices of digital currencies change seemingly instantaneously, it may not be feasible to look to multiple sites in the heat of a potential transaction. However, picking and choosing from the different features included in the list above is a good way to gather as much information as possible before going through with a buy or a sell.
Investing in cryptocurrencies and Initial Coin Offerings ("ICOs") is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or ICOs. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author owns bitcoin and ripple.