The strong development of cryptocurrencies in recent years has led to the appearance of hundreds of different coins/tokens on the market, and dozens of types are created every month. This makes it difficult for investors to decide which coin to invest in.
Realizing that, Gecko Coin was born to make it easier for investors to identify and track coins circulating in the market. So what is GecKo Coin, let's find out with Finnews24 through the following article.
Learn about Gecko Coin
CoinMarketCap is a familiar name for investors who need to track and look up the trend and price of cryptocurrencies on the market quickly.
Gecko Coin is also an application similar to CoinMarketCap developed and used by TM Lee and Bobby Ong.
What is CoinGecko?
CoinGecko is a website and mobile application used to aggregate information on the performance of virtually all available cryptocurrencies. Using a real-time data feed, CoinGecko displays price information, trading volume , and price movements over a period of one hour to one week, until available information allows. Additionally, crypto assets are ranked by market cap , with largest ranking highest.
What is CoinGecko?
Furthermore, CoinGecko is one of the most useful tools available to crypto investors. CoinGecko acts as a trusted information hub regarding over 6000 crypto assets. Like a Swiss Army knife for crypto analysis, CoinGecko provides helpful links to official websites, blog posts, and social media accounts .
In addition, Gecko Coin displays contract addresses for crypto assets. This is especially useful when buying ERC-20 tokens from decentralized exchanges (DEXs) like Uniswap because you can quickly enter the contract address for newly purchased tokens into the MetaMask wallet. This also helps ensure that you are using the correct contract address when purchasing lesser known tokens, helping to avoid scams.
What is CoinGecko App
Many crypto investors rely on CoinGecko as a trusted information hub to help make trading decisions. Also, CoinGecko is extremely useful for keeping up to date with the latest tokens and hottest trends in crypto. This is because CoinGecko tracks the evolution of the cryptocurrency industry and the various projects that exist within it. Furthermore, CoinGecko tracks on-chain metrics, open source developments, and upcoming industry events.
Another great feature is that CoinGecko allows you to filter and refine your searches using different criteria to find out exactly what you need to know quickly. For example, with one click you can see the best performing coins of the day.
About CoinGecko Issuer
CoinGecko, a Singapore-based company, was founded by TM Lee and Bobby Ong in 2014. The team has spoken at conferences worldwide and is supported by the Malaysian government agency (MaGIC). The team was funded by MaGIC for a two-week program to learn from Silicon Valley experts .
Additionally, CoinGecko has partnered with the Humboldt University of Berlin and Western University, Canada, to research cryptocurrencies. The results and findings have since been published in a number of books including The Handbook of Digital Currency and The Handbook of Blockchain, Digital Finance, and Regulation. Since its inception, CoinGecko has introduced a team of 20 people, with current vacancies open to expanding the team.
CoinGecko has been mentioned in Forbes, Wall Street Journal (WSJ), CNBC, Decrypt, CoinDesk and CoinTelegraph, among many other major publications.
What metrics does CoinGecko show?
The landing page, as briefly described, shows the 100 best performing cryptocurrencies. By default, coins are displayed in the 'Markets' view, in order of largest market capitalization first. You can view crypto prices in order of market dominance via the “All-Time Highs” tab or a bunch of Github stats in the “Developer” view. Also located in the upper right, is the 'Social' tab.
This shows how many Facebook likes, Telegram users or Reddit subscribers a project has. In general, the more socially active a project is, the less likely it is to be scammed. However, this is not the only tool to measure the legitimacy of a project!
On the top of each page you can see the number of different coins and exchanges available, along with the total crypto market cap. At the time of writing, that number is hovering around the $1 trillion mark. Besides that, you will see 24-hour volume, followed by BTC and ETH dominance percentages in the crypto market.
Another useful tool mentioned in the title is the ETH gas price. This is measured in Gwei and indicates how busy the Ethereum Network is. Hence, a quick way to know if now is a good time to buy. If you follow CoinGecko regularly, you can soon find out what time of day in your time zone the gas prices are lowest and the cheapest times to make trades.
CoinGecko's Bitcoin price can be viewed alongside other crypto prices in over 40 local fiat currencies. The CoinGecko website itself can also be displayed in more than 20 languages. CoinGecko provides a breakdown of available exchanges categorized into spot, decentralized (DEX) and derivatives exchanges. Each exchange is given a trust score, which indicates validity to users.
Where to see cryptocurrency prices?
To explore cryptocurrency prices or projects not on the homepage, use the search bar in the top right. Search by the name or token of the asset you want, then select the relevant coin or token from the drop-down menu.
Go to the project's landing page, at a glance you can see an overview of the project's information. On the left you can see the project's ratings, links to the website and community social platforms. Additionally, you can find the token's contract address, block explorer, and compatible wallet.
On the right side you will see the current value of the token and the percentage change in the USD value (as default currency) and both BTC and ETH values. Below the price is the project's market capitalization, 24-hour trading volume, and the lowest and highest value the token has had in the last 24 hours. In addition, you can see the circulating supply and the maximum supply of tokens that will go into circulation.
By default, the page is located on the 'Overview' tab, which shows trading charts with time frames ranging from a 24-hour view to the full history of the list. Furthermore, you can view the current value of the token in BTC, ETH or USD. Recent price movements and market statistics are seen on the right hand side. Below the trading chart is a list of exchanges where you can buy tokens. Here you can find out more information about the exchange or follow the link to the exchange to make a trade.
At the bottom of the page is an overview of the project and sometimes the whole team. The amount of information available varies from project to project, as this is the team that provides project data to CoinGecko.
