A Comparison of Cryptocurrency Price Trackers

When it comes to cryptocurrencies, investors often spend a lot of time looking for the latest coin: the one with the most exciting prospects or the one that is the most undervalued. Smart investors also consider different cryptocurrency exchanges, apps and services to maximize their investment potential.

However, fewer individuals who invest time and money in the cryptocurrency space spend sufficient time considering the impact a digital currency price tracker has on their experience. Here are some price trackers, their services and how they can help you make investment decisions.

What is a Cryptocurrency Price Tracker?

A cryptocurrency price tracker monitors the current value of different digital currencies and tokens. Many of these services also provide historical data, allowing users to compare current prices with older values. Some of these services even have tools that allow you to compare and contrast various cryptocurrencies.

Although it may seem obvious, the accuracy of the price tracker you decide to use will greatly influence your decisions and the timing and success of your investments. A tracker that is consistently updated and uses reliable data to calculate its values ​​is crucial.

However, there are many other considerations to remember when choosing a cryptocurrency price tracker, including customer ease of use, the range of digital currencies and tokens covered, and the range of extra tools and information available.

CoinMarketCap

CoinMarketCap is one of cryptocurrency fans’ most used price trackers. There are several reasons why this site is used more prominently than others. Founded in 2013, it is very user-friendly and lists the top 100 cryptocurrencies by market cap on its home page (but you can see nearly 9,000 on the site, and the list is growing). Each digital currency has information about its current market capitalization, price, 24-hour trading volume, circulating supply and its percentage change in value over the previous hour, 24 hours and seven days.

The page for each coin gives you the option to select a price or market cap chart based on daily, weekly, monthly or yearly prices and an option to view all. You can view prices in a line chart or candlestick view to check highs, lows, and open and close prices for your chosen intervals.

You can see a list of markets for each cryptocurrency, showing different exchange and price pairs for your chosen coin.

Particularly useful is CoinMarketCap’s Fear & Greed Index on its global Live Cryptocurrency Charts & Market Data page, which uses historical and user behavior data to measure investor sentiment with a score from zero to 100. A score close to 100 indicates extreme greed in the market, and a score close to zero indicates extreme fear.

Coinlib

While CoinMarketCap may be the most recognizable cryptocurrency price tracker, other sites offer competing services. Coinlib may be a lesser-known price tracking site, but it contains several useful tools beyond the basic price monitoring system.

As Bitcoin remains the most popular and prominent digital currency by market cap, Coinlib includes a “Bitcoin Dominance” metric at the top of its page. This figure, along with market cap and data selection for each cryptocurrency, is updated in real time.

Coinlib also includes a comparison tool that allows users to view statistics of up to four coins or tokens side by side. It offers a price explorer that can help you identify arbitrage opportunities and information about exchanges that can offer the greatest value for your buying and selling.

Coinlib also provides much of the same information that other sites provide, giving it a wealth of information that can attract users.

bitgur

According to its website, Bitgur was launched in 2017 and is linked to several different exchanges. The site offers a useful filtering system that allows you to filter cryptocurrency results by market cap, volume, technology, whether it can be mined, and the category in which it is listed.

Bitgur also offers its own BTC fee prediction tool, a volatility index, and a watchlist feature similar to brokerage services. If you’re interested in trading bitcoin futures, the site aggregates open interest in charts for short and long positions in its Tools tab.

The Bottom Line

While accuracy and reliability may be the two most important considerations when choosing a cryptocurrency price tracker, the list above shows many other services and features to consider. Because the price changes of digital currencies are almost constant, it may not be feasible to check multiple sites in the heat of a potential transaction. However, picking and choosing from the various features included in the list above is a great way to gather as much information as possible before going through with a purchase or sale.

The comments, opinions and analyzes expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more information. As of the date this article was written, the author owns BTC and XRP.