When it comes to keeping tabs on the cryptocurrency markets, most people rely on CoinMarketCap even though the service isn’t necessarily perfect by any means. More competition in this market can only be considered a good thing. Live Coin Watch is a new platform which offers a lot of similar functionality to CoinMarketCap. Moreover, all information is updated in real time through a convenient interface.
Live Coin Watch has a lot of Potential
Although everyone knows and loves CoinMarketCap, the information on the site isn’t updated in real time by any means. Although the platform does reflect changes every so often, a lot of people enjoy watching prices evolve in front of their eyes. Given the fact that so many cryptocurrencies are volatile in one way or another, keeping tabs on things in real time becomes all the more important. Plus, not everyone likes to look at dozens of different charts all day. Having everything in one convenient interface is a lot more convenient in this regard.
Looking at the Live Coin Watch website, it is evident the design looks very similar to that of CoinMarketCap. We see an overview of all tracked coins – currently around 320 in number – and how they all rank compared to one another. Every currency has its current market capitalization displayed, the circulating supply, trading volume, and price changes. The total supply isn’t mentioned on the main page, but that information is available when clicking on individual coins.
What’s more, users can change the currency in which all prices are denominated. This applies to both fiat and cryptocurrencies, which is pretty interesting. There is also an overview of the total market capitalization of all tracked currencies, as well as an overview of exchanges and markets. The clean layout certainly helps to provide these details effectively, and it is something a lot of novice and experienced cryptocurrency users will benefit from.
Don’t take this to mean that one should completely forget about CoinMarketCap, though. It is evident Live Coin Watch still has a ton of currencies and digital assets to add to its list. That process will take some time, and for now, it makes CoinMarketCap the most complete site for currencies and assets alike. It is good to have competing services in this regard, though, as it makes it easier for people to find the information they need.
Interested parties also have the option to sign up for a Live Coin Watch account to keep tabs on their overall cryptocurrency portfolios. Although plenty of mobile apps provide a similar functionality, it never hurts to see more services like this one emerge. Make sure to generate a strong, secure, and unique password when signing up for this and other services. Cryptocurrency users are often targeted by phishing scams, and reusing a password can give criminals access to several of one’s accounts.
All things considered, Live Coin Watch is a welcome addition to the cryptocurrency space. The website looks pretty solid, and it’s slightly easier to navigate compared to CoinMarketCap. The real-time updates are greatly appreciated and will be a big selling point for a lot of people. However, it seems the platform operates on donations only, which may hinder its longevity. Only time will tell if people give this new platform a chance or stick with CoinMarketCap as the dominant service provider.