After nearly five years in operation, the Nomics crypto tracker shut down on April 4, 2023. Even though Nomics.com eventually decided to shut it down, it doesn’t mean that their platform wasn’t popular – Nomics was one of the biggest sites in the crypto price tracking sector.
The Nomics crypto shutdown has led its large community of users to look for alternatives. Fortunately, there is a lot of competition in this sector, so there are many Nomics alternatives to choose from.
In this article, we will compare the features of Nomics and CoinCodex so that you can decide if the CoinCodex crypto tracker is a suitable alternative. Before that, let’s learn just a little bit more about what happened with Nomics.
Why did Nomics close?
The decision by the Nomics team to shut down their platform came as a surprise to many of its users, as well as the cryptocurrency industry at large. On April 4, 2023, the platform’s website, which was previously packed with all sorts of crypto data, was updated to simply display a message saying that Nomics.com was shutting down.
The team did not provide a reason for sunsetting their platform. The Nomics official Twitter account does not mention the shutdown at all. The account has not published any messages since March 23, 2022. As of May 24, 2023, Clay Collins, co-founder and CEO of Nomics, did not mention the topic of the platform’s shutdown, although it was still active on Twitter.
So it is currently unclear why Nomics closed. According to SimilarWeb data, the platform is ranked around #20,850 in terms of US web traffic as of March 2023, which is certainly a respectable position for a crypto tracker.
Nomics crypto tracker alternative – Feature comparison with CoinCodex
Regardless of the underlying reasons for the closure of Nomics, the platform’s user base is now looking for alternatives.
In this article, we will compare the features of Nomics and CoinCodex to help you decide if CoinCodex is a good alternative to Nomics. Here is a quick overview of the most interesting features offered by CoinCodex:
Check prices with user-friendly price charts or export historical data. Create your own portfolio to easily track the performance of your crypto holdings Follow all types of token sales including IEOs, ICOs, IDOs, parachain auctions and more Quickly find interesting cryptocurrencies using the Trending, Undervalued and Winners sections Access to price forecasts for a period of up to 1 year, as well as a host of technical indicators iOS and Android mobile apps with seamless account integration with the CoinCodex web platform Set up alerts to be notified immediately when a cryptocurrency reaches ‘ a certain price
Number of listed cryptocurrencies
One of the claims to fame of the Nomics platform was that it listed more cryptocurrencies than any other crypto tracker. As of a March 15, 2023 version of the site accessed by the Internet Archive’s Wayback Machine, Nomics listed more than 72,000 different cryptocurrencies.
Right now, CoinCodex lists about 24,700 different cryptocurrencies. Although it doesn’t quite match the number of coins listed on Nomics, you’ll be able to find price data for virtually any actively traded and relevant cryptocurrency on CoinCodex.
Crypto portfolio tracking
One of the most common uses for crypto tracking platforms like CoinCodex and Nomics is crypto portfolio tracking. CoinCodex offers a crypto portfolio feature where you can enter which cryptocurrencies you own and the respective amounts. After you’re done, you can track the performance of your cryptocurrency holdings with a single click.
Just like the feature offered by Nomics, CoinCodex also offers an intuitive portfolio tracker that makes it very easy to quickly see how your crypto investments are doing and what your best and worst crypto performers are.
Crypto price predictions
Nomics offered crypto price forecasts for a period of up to 7 days. Meanwhile, CoinCodex offers cryptocurrency price forecasts for a period of up to 1 year.
Nomics predictions were based on artificial intelligence and machine learning. The price predictions on CoinCodex are based on a simpler algorithm. However, CoinCodex provides a lot of additional data that helps users make an informed prediction about where the market is headed next.
On CoinCodex, you can quickly see what key technical indicators such as moving averages, RSI and MACD are indicating for any given cryptocurrency. For any crypto, you can also check the most correlated cryptocurrencies.
Mobile application
Nomics offered a mobile app, although it didn’t seem to be widely used or well received. According to Google Play, the Nomics app for Android has had 10,000+ installs. The reviews for the app are pretty mediocre as it only had an average rating of 3 out of 5.
Meanwhile, the CoinCodex mobile app is available on both the iOS and Android mobile operating systems. The app has seen nearly 1 million installs across both platforms, and has a 4.2 rating in the App Store and a 4.0 rating across 5,400 reviews on Google Play.
The CoinCodex mobile app offers most of the features available on the desktop platform. If you have a CoinCodex account, your portfolio, watchlist and alerts will be automatically synced between the mobile app and desktop version.
Get the CoinCodex mobile app
Token sale data
The Nomics platform did not provide data on token sales. Meanwhile, CoinCodex provides detailed token sale data for cryptoassets that have already had a token sale, as well as information about upcoming token sales. CoinCodex features all types of token sales including IEOs, ICOs, IDOs, Polkadot parachain auctions and more.
Historical data
Nomics has given its users the option to access historical price data for cryptocurrencies listed on its platform. CoinCodex also allows users to export historical price data for a specified time period, frequency and currency. So, if you’ve relied on Nomics’ historical data feature to analyze cryptocurrencies, you’ll be able to achieve very similar results with CoinCodex.
Crypto price alerts
Although we cannot confirm this for sure at the moment, it appears that Nomics did not offer a crypto price alert service. Meanwhile, CoinCodex users can set up price alerts that automatically notify them when a selected cryptocurrency reaches a specific price.
For example, let’s say that you think $30,000 is a good price to sell Bitcoin. You can set up an alert that notifies you immediately by email when BTC reaches $30,000. Of course, you can also set an alert for a price that is lower than the current price.
The bottom line – CoinCodex is one of the best alternatives to Nomics
Nomics CoinCodex Price Free to Use Free to Use Crypto Portfolio Tracking ✅ ✅ Mobile App Android iOS, Android Crypto Price Forecasts Up to 7 Days Up to 1 Year Listed Cryptocurrencies 72,000+ 24,700+ Historical Price Data ✅ ✅ Token Sale Data ❌ Price Alerts ✅ ❌ ✅
The Nomics platform had some unique features, and there is currently no exact replacement for it on the market. However, Nomics also lacked handy features like token sale data and crypto price alerts, which could definitely make life easier for crypto traders and investors.
Overall, CoinCodex is one of the best alternatives to Nomics as it offers a similar feature set and user-friendly experience. It is also a good option for mobile users, as the CoinCodex mobile app is regularly updated and fully compatible with the desktop version.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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