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- 1 CoinGecko, an alternative to Blockfolio to manage different types of digital assets, secured a strong and identical position in the crypto space.
- 2 The platform made crypto portfolio management, the discovery of new coins, and related information effortless.
The competitiveness in the cryptocurrency market upsurge with time. Traders and crypto holders are looking for more efficient and effortless ways to manage the crypto portfolio as well as make money from the assets. To win the game and manage the digital asset portfolio, CoinGecko can be a good choice to make.
Evolution of CoinGecko
CoinGecko, one of the best alternatives to Blockfolio, a cryptocurrency exchange, allows crypto owners to better use the available digital assets. Launched in 2014 by TM Lee and Bobby Ong with the mission to make cryptocurrency more accessible to individuals. With time, the features and services of CoinGecko upgraded.
In 2014, the platform was introduced with the purpose of offering a 360-degree view of the crypto market, and added the cryptocurrency quarterly report in October 2017. The update made it easy for the crypto enthusiasts to explore the fundamentals of the crypto market.
The year 2018 was a turning point in CoinGecko’s life with the addition of a daily newsletter, free public API, and official Android and iOS application launch which enhanced the accessibility of users with the respective platform. The addition of a trust score and derivatives section over the platform in 2019, just made a boom in the crypto space with the attraction of crypto traders and investors towards the platform.
At present, CoinGecko has strong roots in every field of cryptocurrency along with NFTs and a positive impression on the social media platform.
How to Manage Cryptocurrency with CoinGecko?
CoinGecko platform currently holds around 200 Million monthly page views with 10 Million average monthly users. The platform has around 1 Million total application downloads and approximately 10 Billion monthly API calls. The platform holds data of more than 10,000 cryptocurrencies including Bitcoin, Ether, XRM, USDT, etc.
In addition, CoinGecko is trusted by top industry publishers including Forbes, The Block, CoinDesk, Decrypt, Cointelegraph, etc.
Focusing on the use of CoinGecko, the platform is mainly used for carrying out the fundamental analysis of digital assets. In addition to this, the platform also offers information related to market capitalization, trading volume, and current coin price along with tracking community growth, major events, and on-chain metrics. At the bottom of the page, readers can see the trending coins that performed well in the past week.
However, you can’t buy or sell directly on CoinGecko, but get real-time information associated with the respective coin.
On exploring the coin page, you can find complete information related to the coin including market cap, 24-hour trading volume, and circulating supply. At the lower part of the page, you can find different tabs related to markets, charts, social, security, developer, widgets, and historical data of the coin.
In addition to this, you can also explore some other interesting fields such as NFT, metaverse, and GameFi.
Conclusion
CoinGecko is a tough competitor to Coinbase, CoinMarketCap, and Cryptoradar, offering updated information on the crypto market as well as the coins. Introduced in 2014, the platform is under continuous evolution making it easy for users to analyze each coin effortlessly.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
