Topic: coinmarketcap off ? (Read 463 times)
Some sites that track cryptocurrencies like coinmarketcap, livecoinwatch and coingecko mostly offer only the average price follow the exchange floors. The difference you see is because these sites are continually updating real-time exchange rates, so the same time you look at the fluctuations in exchange rates of these websites are different. For the most accurate, you should monitor the crypto index on the exchange floor by going to Market in each crypto on Coinmarketcap or other websites.
How can I know the real market prices ?
coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.
For example now:
coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00
The differences were bigger earlier.
Just wanting to get some of your info, experiences,.. about this.
I think that for you to know the real value of each coin, it must be evaluated based on the application and its benefits, the price listed on the exchange that is only commercial price, is inflated or Price pressure is affected by the fall of bitcoin. Therefore, if you trade only should pay attention to the price. coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.
For example now:
coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00
The differences were bigger earlier.
Just wanting to get some of your info, experiences,.. about this.
coinmarketcap is not an exchange. It just a website which collects price in other exchanges and give you the average price. You should research carefully before giving the opinion
Coinmarketcap is the Source and older than the others , I don't check other markets for the price usually .
I think coinmarketcap is fine, and coinmarketcap is might be the best way to check the accuracy of the coins because it follow the highest price of the market. For example if the price traded in certain broker is higher than other brother then coinmarketcap will follow the highest price to be update to there site. But sometimes coinmarketcap has some error also so beware of that and some glitch when they add some new list coins to the market and might possible the price suddenly up without volume trades so note about that. good luck
You can only check the info and the updated price in this 3 websites but the most latest and correct price of each tokens of coins you have to realy check the exchanges there you can see the latest ang live prices.
maketcap coins is a place to look at prices and 95% accurate and we can compare all prices and transaction volumes in one exchange, if want to know 100% the actual price we have to directly monitor the exchange. because it is not possible to synchronize the same 100% price as the exchange because the price movement is very fast
Not the reason at all behind it, the real reason is that all of the different exchanges are going to have their prices put against one another, weighted, and then they're going to put the AVERAGE price between all of the exchanges. This is going to weight them based on trading volume if their trades are open to all people (take SK, China, Japan for example who don't allow much outside interaction in their exchanges), and probably some other things.
So it's not off, it's just different from your exchange as it should be.
I believe the best one is : https://bitscreener.com
But there are several alternatives.
Coingecko https://www.coingecko.com/en
Coincap http://coincap.io/ /
Coinlib https://coinlib.io/
BitcoinCharts https://bitinfocharts.com/
CoinCheckUp https://coincheckup.com/
WorldCoinIndex https://www.worldcoinindex.com/ /
CryptoCompare https://www.cryptocompare.com/coins/list/USD/1 //
LiveCoinWatch https://www.livecoinwatch.com/
OnChainFx https://onchainfx.com/
Coin360 https://coin360.io/ //
CoinGenome https://coingenome.com/
CoinRanker https://www.coinranker.net/
CryptoReport https://cryptoreport.com/
CoinKapp https://coinkapp.com/
CoinMarketSun https://coinmarketsum.com/
BitQist https://bitqist.com/
BraveNewCoin https://bravenewcoin.com/market-cap/
CoinLiveRate http://coinliverate.info/
But there are several alternatives.
Coingecko https://www.coingecko.com/en
Coincap http://coincap.io/ /
Coinlib https://coinlib.io/
BitcoinCharts https://bitinfocharts.com/
CoinCheckUp https://coincheckup.com/
WorldCoinIndex https://www.worldcoinindex.com/ /
CryptoCompare https://www.cryptocompare.com/coins/list/USD/1 //
LiveCoinWatch https://www.livecoinwatch.com/
OnChainFx https://onchainfx.com/
Coin360 https://coin360.io/ //
CoinGenome https://coingenome.com/
CoinRanker https://www.coinranker.net/
CryptoReport https://cryptoreport.com/
CoinKapp https://coinkapp.com/
CoinMarketSun https://coinmarketsum.com/
BitQist https://bitqist.com/
BraveNewCoin https://bravenewcoin.com/market-cap/
CoinLiveRate http://coinliverate.info/
maketcap coins is a place to look at prices and 95% accurate and we can compare all prices and transaction volumes in one exchange, if want to know 100% the actual price we have to directly monitor the exchange. because it is not possible to synchronize the same 100% price as the exchange because the price movement is very fast
How can I know the real market prices ?
coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.
For example now:
coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00
The differences were bigger earlier.
Just wanting to get some of your info, experiences,.. about this.
coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.
For example now:
coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00
The differences were bigger earlier.
Just wanting to get some of your info, experiences,.. about this.
I personally prefer coinmarketcap.com because he's neutrally without implication of any crypto. The difference of a dollar or two more in the price in each exchange isn't something that needs to be exaggerated all have a certain time lag and everything will come back at a price that is the same.
I also use coinmarketcap to know the coin price, it is just a benchmark and can not be used as a reference. The actual price is the price that is on Exchange.
Coinmarketcap is a huge reference and a huge tool for new tokens to be promoted in there, i do not see why we shouldn't use it. But the price is an average of all the exchanges in where X token/coin is listed on. it is not the real price.
I use coinmarketcap, but double check the bitcoin price directly through bitstamp's API using this link.
https://www.bitstamp.net/api/ticker/
I also use coinmarketcap to know the coin price, it is just a benchmark and can not be used as a reference. The actual price is the price that is on Exchange.
Coinmarketcap is a huge reference and a huge tool for new tokens to be promoted in there, i do not see why we shouldn't use it. But the price is an average of all the exchanges in where X token/coin is listed on. it is not the real price.
Truely, the prices from coinmarketcap, the exchanges and even that in the wallet are not the same most time. They have differences in fraction which might not be noticeable. For me, I don't really border much on that. They are different platforms and stake their prices differently.
In my experience (too), most of the "market cap" reporting sites are inaccurate. As a matter of fact, there all mostly inaccurate due to the fact they all get their data from Coinmarketcap's API--There doing nothing more than copying and pasting CMC's numbers (just not in sync).
This is why I developed http://www.cryptocoinwatch.com -- I made a post about it on this forum earlier this month, but I felt this would be a good thread to share the site with you guys. Every number on the site is being fetched/calculated with data fed directly (and almost in realtime) from the exchanges listed at http://www.cryptocoinwatch.com/exchanges. I think you will notice how much more accurate Cryptocoin Watch is compared to CMC.
I hope it helps!
This is why I developed http://www.cryptocoinwatch.com -- I made a post about it on this forum earlier this month, but I felt this would be a good thread to share the site with you guys. Every number on the site is being fetched/calculated with data fed directly (and almost in realtime) from the exchanges listed at http://www.cryptocoinwatch.com/exchanges. I think you will notice how much more accurate Cryptocoin Watch is compared to CMC.
I hope it helps!
We've got different platforms to keep track of the growth happening with each and every asset. Most of the users here prefer coinmarketcap. The value varies between each website and to have a accurate value better is to take the average. Possibly the value in coinmarketcap gets resembled on most of the exchanges.
How can I know the real market prices ?
coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.
For example now:
coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00
The differences were bigger earlier.
Just wanting to get some of your info, experiences,.. about this.
coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.
For example now:
coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00
The differences were bigger earlier.
Just wanting to get some of your info, experiences,.. about this.
If you want to track rates any coin. Go to the Market section on Coinmarketcap to determine which top 2 exchange floors have the highest volume percentage of this coin. Then go to 2 exchange floors to track the exchange rate is the most accurate. Coinmarketcap only aggregates the average price of all exchange floors so the exchange rate will deviate and update later than the exchange platform.
The price that shown in the coinmarketcap/other such websites are close to the price which it is trading at the different exchanges where the price data is pulled from. You might have different price because, of the different source of exchanges these websites pull the data from.
The coinmarket cup is a great help to find out how much the value of a coin is. here we can also buy the coin in marketcup or exchange.
How can I know the real market prices ?
coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.
For example now:
coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00
The differences were bigger earlier.
Just wanting to get some of your info, experiences,.. about this.
As far as I know, the most accurate statistics and price listing is coinmarketcap, all coinmarkets are created once they have been added to the coinmarketcap to be of great value and accurate to every coinmarketing detail. I believe that coinmarketcap is the most accurate, while other trading floors they can update as well as adjust the price to suit each floor, it is important to see the pair of BTC / USDT.coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.
For example now:
coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00
The differences were bigger earlier.
Just wanting to get some of your info, experiences,.. about this.
you repeated "accurate" 3 times but you are missing the most important point. coinmarketcap.com is not an exchange or "trading floor" if you want to call it that. it is a website, more like a database which is taking the price from the real exchanges and then posts an average price every 5 minutes on their website.
nothing about this is "accurate". it is a good source to know what the price is, just for the sake of knowing if it is $10000 or $15000 but it is not good if you want to trade. for example if you want to see if you should activate your stop loss or if you should sell because you reached your profit target. for accuracy you should always check the exchange where you are trading at.
How can I know the real market prices ?
coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.
For example now:
coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00
The differences were bigger earlier.
Just wanting to get some of your info, experiences,.. about this.
As far as I know, the most accurate statistics and price listing is coinmarketcap, all coinmarkets are created once they have been added to the coinmarketcap to be of great value and accurate to every coinmarketing detail. I believe that coinmarketcap is the most accurate, while other trading floors they can update as well as adjust the price to suit each floor, it is important to see the pair of BTC / USDT. coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.
For example now:
coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00
The differences were bigger earlier.
Just wanting to get some of your info, experiences,.. about this.
Jump to: