In , a well-known company JP Morgan showed a difference between Bitcoin market cap and fiat money invested in Bitcoin. They said that investors put 6 billion dollars in up to and the total market cap was billion. So, every time an investor puts 1 dollar in Bitcoin, the market cap . Oct 08, · The CoinMarketCap API provides all the data in the form of a JSON document. Each coin has a designated ID and symbol in the document. For example, the 0th item is Bitcoin, the 1st item is Ethereum, 2nd item is Ripple, and so on. So when you want to know something about Ethereum, you have to access it using the index 1, or the symbol ETH. Sep 03, · CoinMarketCap API & Endpoints. The CoinMarketCap API is a cryptocurrency trading API that provides access to market cap rankings, charts, and more. The top endpoints include: getCryptoCurrenciesList – returns a list of all available cryptocurrencies; getCryptoCurrency – returns information for a specific cryptocurrencyRatings: 9.
Coin market cap bitcoin apiPulling CoinMarketCap Data onto a Google Sheet: A Step by Step Guide - CoinMarketCap Blog
Cryptocurrency investors use Circulating Supply most often because it describes only the coins available to everyone in the public market. This gives better measures of the market cap. The market cap and the total amount of money invested are not the same. Market cap does not reflect the total number of fiat currency that investors put in digital tokens. Example 1. Market cap would remain 20 million even though there is only one dollar invested in coins.
Example 2. Increased demand increases the price, that also increases the market cap. The price of the coin would suddenly fall and the total amount of money people could get would be less than the market cap was. In , a well-known company JP Morgan showed a difference between Bitcoin market cap and fiat money invested in Bitcoin. They said that investors put 6 billion dollars in up to and the total market cap was billion.
So, every time an investor puts 1 dollar in Bitcoin, the market cap grows for 50 dollars. Ask any newbie to the crypto scene what the first website they found when searching for bitcoin prices and they will invariably answer you with CoinMarketCap CMC.
It's no wonder, as it is possibly the largest website when it comes to cryptocurrencies. It is relied upon by many traders to make judgment calls, by journalists looking to do research and is the perfect entryway for someone who knows nothing about cryptocurrencies to get a feel for what's what in crypto land. CMC provides good information about all possible cryptocurrencies , as well as offering charts and statistics to boot.
It strikes a balance between accuracy and breadth of detail — there have been mutterings that exchanges feed bad information to the site, but that is another topic entirely.
It is also the most popular website according to Alexa. It currently stands at number most popular website on the entire internet. So… it's pretty useful and pretty important. That said, there are many out there who don't know how to use CMC to its full potential, and many have been using it for years while only scratching the surface of what it can be used for.
Let's take a look at the following tips to help you get the most out of this precious online resource. Look at the very top of the homepage of CMC. This is the global market indicators and they are an invaluable tool that many simply ignore when first landing on the page.
It's always a quick scroll or searches to find a favored cryptocurrency that people want to keep tabs on. The global market metrics allow you to take the pulse of the market at any point in time. Showing how many cryptocurrencies there are, how many markets there are, what the current overall market cap is and the trading volume over the last 24 hours. There is also one more key metric they provide at a glance. It is BTC Dominance.
This is the market cap of Bitcoin compared to the market cap of all other coins put together. This metric alone is good to have on hand, to see where the market is going in terms of independence fro the big one. Click on a coin and you will be given a plethora of information. The market cap of the coin, the trading volume and price are all available at a glance. Dig a little deeper and you'll be able to see some metrics on the supply of the coin in question.
Circulating supply, total supply, and maximum supply. Those three are extremely important to see how any single is faring and to put news about the coin into perspective. Then there are the charts, which can be customized at all sorts of data points. CMC has provided exchanges with reliable and fast integrations so that anything you see is what is happening in the market right with a minimum of delay.
This is amazing, as it's not everyone that can pull data from hundreds of exchanges and thousands of different coins in a manner that seems so easy. The system they have built is genuinely robust and is one of the reasons why so many people choose CMC as their price watching software of choice. While not every currency is listed on CMC, the vast majority are. This is especially important when you take into consideration that new coins are being made every day.
While other platforms might have certain coins that CMC does not have, it's a sure bet that CMC will win out over any competitor due to the sheer weight of the numbers it does have.
One of the key aspects of CMC's system is that they are not only there to show you the prices and carts of each specific coin. They provide links as well. Anyone who is new to the industry can use the links section under the rank on the left side to read whitepapers, go to the official website of the coin, find a technical documentation and much much more.
Cryptocurrency exchanges live and ie by their liquidity. CMC allows you to view the top exchanges based on their volume. They have various options to filter and sort exchanges so when you need to find the right place to do your trading… you really only need to look at one place. With that being said, a number of new websites have now taken matters into their own hands and have decided to present investors, crypto enthusiasts with real-time data that reflects the true value of a cryptocurrency.
Over the course of the past few years, Coinmarketcap has been able to gain a massive foothold over the global cryptocurrency market — primarily by incentivizing exchanges to inflate their reported trading volume.
As many of our readers might be well aware of, CMC ranks exchanges using their reported as well as adjusted volume.
According to a spokesperson for Coinsbit — a CMC listed fiat-crypto exchange — it is essentially the duty of every exchange to monitor its activities and stay away from unethical practices that artificially inflate the trade volume of different altcoins. However, he believes that the past year has seen efforts to clean up the market ramp up in a big way. Price: The current price of a cryptocurrency.
Want to get your coin listed on Coinmarketcap? Here are some tips recommended by Coinmarketcap: The only way to request a coin or exchange listing on Coinmarketcap is to use this online form. Coinmarketcap will not respond to requests on social media, email, and other channels. You can only use that online form. Exchange: Links to a marketplace where you can buy or sell a particular coin.
Wallet: Links to a storage system for a particular coin. Crypto Loans: Links to lending platforms for a particular coin. Using Coinmarketcap to Find the Best Exchanges Coinmarketcap tracks the trading volume on cryptocurrency exchanges around the word.
Coinmarketcap makes it easy to find the right market: Step 1 Open Coinmarketcap and search for the coin Step 2 Click on the market tab, which displays all exchanges and trading pairs for that coin Step 3 Check prices on various exchanges, then choose your desired exchange You can find people posting questions on Telegram, Reddit, or Twitter asking where to buy a specific coin.
Not sure which website is the official website? Check Coinmarketcap. Create a Watchlist Using Coinmarketcap Coinmarketcap lets you create a watchlist to track different coins. Monitor the Biggest Gainers and Losers of the Day Coinmarketcap lets you see the biggest gainers and losers in the market based on their recent movements. You can use Coinmarketcap to answer that question.
You can choose a date, then check coin rankings for that date. The Coinmarketcap blog is always worth a read. Market Capitalization: Market Price The market price of an altcoin refers to its price according to current market rates, seen on various exchanges. Market Capitalization: Circulating Supply The circulating supply of any currency refers to the number of coins in global circulation.
Total Market and Individual Market Capitalization Two metrics are important when looking at market capitalization in the cryptocurrency market. Viewing Market Cap Correctly As has been shown above, market capitalization cannot be the only tool employed by any diligent investor, yet it also cannot be left out of any serious analysis.
That means the market cap of the new cryptocurrency A is 20 billion dollars. A common mistake The market cap and the total amount of money invested are not the same. Coin Metrics Click on a coin and you will be given a plethora of information. Good Links For Education One of the key aspects of CMC's system is that they are not only there to show you the prices and carts of each specific coin.
Find The Right Exchange Cryptocurrency exchanges live and ie by their liquidity. Is Coinmarketcap Losing its Market Dominance? CMC is Deliberately Not Acting on the Above Stated Issues According to a spokesperson for Coinsbit — a CMC listed fiat-crypto exchange — it is essentially the duty of every exchange to monitor its activities and stay away from unethical practices that artificially inflate the trade volume of different altcoins.
Openmarketcap: Another excellent portal that makes use of prices and trading volume data that is sourced from trusted exchanges. Coinpaprika: Coinpaprika provides users with accurate, clear data on trading volumes as well as other vital info related to price differences between various exchanges. Blockmodo: This website is concerned with providing users with up-to-date information pertaining to the hype surrounding various cryptocurrency projects on a day-to-day basis.
You can start coding on top of that. This is the sheet we want to print the results to. The name of our active spreadsheet is just Sheet1, so we type:. This code contains all the information you would need to get access to a particular endpoint of the API. Make sure you put the key within single quotes. In our example, we want to know the latest price for Bitcoin. As we saw before, the symbol for Bitcoin is BTC.
For this we use the JSON. We want to know the latest price of Bitcoin in USD. The data is arranged in a certain hierarchy in the JSON file, so you will have to know the correct path to access what you need. Here, under data, we have the first object, Bitcoin, having the symbol BTC. Under this, we have the quote object, which contains the USD object. And under this USD object, we have the price. To ensure that we have this recorded into the second column of the first row 1,2 of Sheet 1, we put the above path in a setValue function:.
After a few seconds, the script is going to ask for your permission to access your Google Sheet. Grant the access. Go to your Google Sheet, you should see the latest Bitcoin price on the second column of the first row on Sheet 1.
You can also choose to add names of other coins you might be interested in and get their latest prices in the same way. Once this is done, you can simply click this image whenever you want to re-run your script and refresh your data to see the latest prices for your coins.
But remember not to refresh too many times as there is a limit to the number of API calls you can make. To get historical data you need to have a paid membership. Create a handle for the spreadsheet you want to print the results to. Lets again name it sh1. If you want to know historic OHLC prices for any other coin, you can go ahead and put the id for that instead.
Find, test and connect to all the APIs you need in one place! As soon as you sign-in with your account, the view above will be replaced with another view, where you can see your API keys X-RapidAPI-Key in the Request Headers section and a ready to copy snippet of code at the right side. Upon successful completion, the CoinMarketCap API returns the following response body which contains a callback key indicating the status of the request, and a contextWrites.
This endpoint allows retrieving the data for one cryptocurrency.