Cryptocurrency markets have seen big changes lately. Bitcoin (BTC) and Ethereum (ETH) have seen big price swings. As of today, the global crypto market cap is a huge $2.4 trillion, according to CoinMarketCap.com. This shows how digital currencies are growing fast, with over 2 million trading pairs tracked.
CoinMarketCap was started in May 2013 by Brandon Chez. It’s now a top site for people who invest, trade, or just like to follow cryptocurrency. It gives accurate, timely data on the top 70 crypto chains, covering more than 97% of all tokens out there.
This article will cover the latest news on cryptocurrency markets. We’ll look into how CoinMarketCap calculates prices and explore the different types of digital assets. These assets are changing finance and technology.
Key Takeaways
- CoinMarketCap offers up-to-date information on over 2 million cryptocurrency trading pairs.
- The platform tracks the top 70 crypto chains, representing more than 97% of all tokens in the digital asset ecosystem.
- CoinMarketCap calculates cryptocurrency valuations based on the total circulating supply of an asset multiplied by the currency reference price.
- The website provides a comprehensive overview of the global cryptocurrency market, including details on various asset categories such as Altcoins, Smart Contracts, Stablecoins, NFTs, and In-game Tokens.
- CoinMarketCap does not offer financial or investment advice, but rather aims to empower users with the data and insights they need to make informed decisions.
Understanding CoinMarketCap
CoinMarketCap is a top spot for those looking for cryptocurrency data. It offers real-time crypto charts and deep digital asset pricing analysis. It’s a leading source for blockchain analytics and virtual currency tracking. It helps both new and seasoned crypto fans.
All Your Crypto Market Data Needs in One Place
CoinMarketCap makes sure you can find all the latest info on cryptocurrencies, coins, and tokens in one spot. From the start, it aimed to be the top site for crypto market data. They promise to give users honest and correct info.
Live and Historic Crypto Charts for Free
Each coin’s page on CoinMarketCap shows current and past prices. You can customize the crypto charts to fit your needs. The platform’s cryptocurrency data API lets millions of calls track prices and look into the past. Big crypto exchanges and financial groups use it.
| Cryptocurrency | Price | Market Cap | 24h Change |
|---|---|---|---|
| Bitcoin (BTC) | $56,000 | $1.05 Trillion | +2.5% |
| Ethereum (ETH) | $1,800 | $210 Billion | +1.8% |
| Tether (USDT) | $1.00 | $62 Billion | 0.0% |
“CoinMarketCap has become the trusted source for cryptocurrency data, offering unparalleled insights into the ever-evolving digital asset landscape.”
How CoinMarketCap Calculates Crypto Prices
At CoinMarketCap, we know how crucial accurate crypto pricing is. We get our data straight from trusted exchanges worldwide. Then, we change these prices to US dollars for easy comparison.
Our method to figure out crypto prices includes several steps:
- We gather real-time trading data from many exchanges. This ensures we have the newest prices for all digital assets on our site.
- After getting the native crypto prices, we switch them to US dollars. This makes it easier for our users to see their digital assets’ value in a currency they know.
- We calculate the average price for each crypto, taking into account the trading volume. This method helps level out any data that might not be typical.
- Our pricing data is updated live, giving our users the latest info to help them make smart choices about their digital assets.
With our wide network of data sources and detailed pricing method, CoinMarketCap offers trustworthy and clear crypto pricing data. Our global community of users can rely on the prices we provide, whether they’re seasoned investors or new to digital assets.
“CoinMarketCap’s cryptocurrency pricing data is a key tool for anyone into the digital asset market. Their focus on being open and precise makes them stand out in the field.”
– Jane Doe, Cryptocurrency Analyst
For more details on our crypto pricing method, check out our website at CoinMarketCap.com/methodology.
Calculating Crypto Valuations and Market Cap
Cryptocurrencies are key to the digital economy. Knowing how to value them and understand their market size is vital for investors and fans. At Athena Alpha, we offer a detailed way to figure out crypto values and the total market size.
How Do We Calculate Our Crypto Valuations?
Our method for valuing cryptocurrencies starts with the total amount of each digital asset out there. We multiply the current price by the total supply to get the crypto asset valuation. This simple step helps us see the total worth of a cryptocurrency in the market.
How Do We Calculate the Cryptocurrency Market Cap?
To find the digital currency market capitalization, we add up the values of all cryptocurrencies on our platform. This way, we can see the big picture of the blockchain network value in the DeFi world. By tracking these decentralized finance metrics, we understand the crypto market’s growth and changes.
At Vital-Mag.net, we offer more than just crypto valuations and market caps. We aim to give our readers useful insights and data to help them make smart choices in the fast-paced digital asset world.
The Global Coin Market
The global coin market has grown a lot, with millions of coins and tokens now available. At the center is CoinMarketCap, a top site for tracking the global cryptocurrency market, blockchain token ecosystem, and decentralized finance landscape.
Does CoinMarketCap.com List All Cryptocurrencies?
CoinMarketCap has a strict process to add new assets. But, it doesn’t list every single cryptocurrency project. Still, it tracks the top 70 crypto chains, covering more than 97% of all digital assets in the global coin market.
The global coin market now has a market capitalization of $2,144,581,802,384. Its 24-hour trading volume is $50,004,972,321. The liquidity variance is ±2%, with a value of $5,811,408,822.
| Cryptocurrency | Market Price | Market Cap |
|---|---|---|
| Bitcoin (BTC) | $60,745.80 | $1.1990 trillion |
| Ethereum (ETH) | $2,618.66 | $314.7 billion |
| Tether (USDT) | $1.00 | N/A |
| Binance Coin (BNB) | $517.92 | N/A |
| Solana (SOL) | $153.83 | N/A |
| Dogecoin (DOGE) | $0.104228 | $13.828 billion |
| Cardano (ADA) | $0.346885 | N/A |
| XRP | $0.598247 | $29.897 billion |
The global cryptocurrency market is huge, with many assets. CoinMarketCap gives investors and fans detailed info on the top digital assets. These assets are key to the blockchain token ecosystem and decentralized finance landscape.
Altcoins and Smart Contracts
Altcoins have become a big deal in the digital asset world. They started after Bitcoin, each with their own special features and uses. Some altcoins are very similar to Bitcoin, while others are quite different in how they work and manage things.
Smart contracts have been a big deal in altcoins. Ethereum was the first blockchain to use smart contracts. These contracts let different scripts work together using set rules. This has changed the game, making things like decentralized exchanges, decentralized finance, ICOs, and more possible.
What Is an Altcoin?
Altcoins are any cryptocurrency that’s not Bitcoin. They’re made by people or groups who use Bitcoin’s code but change it a bit. Some altcoins are a lot like Bitcoin, but others are very different in how they work and manage things.
What Is a Smart Contract?
A smart contract is a contract that runs on its own. It has the agreement terms written in code. These contracts let different scripts work together using set rules. This has changed the blockchain-based applications and decentralized protocols world, making programmable money and alternative cryptocurrencies a reality.
“Smart contracts have the potential to disrupt industries and transform the way we think about transactions and agreements.”
Stablecoins and NFTs
In the world of cryptocurrencies, stablecoins and NFTs are changing the game. Stablecoins are special because they don’t go up and down in value like other cryptocurrencies. They are tied to things like money or gold, so their value stays steady.
The Role of Stablecoins in NFT Transactions
Stablecoins are key for NFT transactions. They make buying and selling NFTs more stable and safe. By using stablecoins, NFT transactions become less risky because of their steady value. This makes the NFT market more open, cheaper, and changes how we think about money.
The Rise of Non-Fungible Tokens (NFTs)
NFTs are unique digital items that have become very popular. They can be anything from art to tickets. The first big success of NFTs was in the art world, with projects like CryptoPunks and Bored Ape Yacht Club becoming hits.
Stablecoins help NFTs in many ways. They make transactions secure, cheaper, and easier for people all over the world to join in.
| Cryptocurrency | Price | 24-Hour Change | 7-Day Change | Market Cap |
|---|---|---|---|---|
| BTC | $60,359.00 | -1.32% | -1.80% | $1,193,585,703,913 |
| ETH | $2,598.85 | -3.14% | -12.60% | $312,632,741,408 |
| USDT | $1.00 | 0.12% | 0.13% | $115,400,538,350 |
| BNB | $508.79 | -0.84% | -6.01% | $74,280,611,831 |
| SOL | $153.73 | -2.32% | 2.29% | $71,749,946,490 |
| DOGE | $0.103654 | -1.71% | -7.72% | $15,075,441,280 |
| UNI | $6.11 | -1.31% | -7.82% | $4,601,538,826 |
| LTC | $60.41 | -0.44% | -6.87% | $4,511,857,445 |
The mix of stablecoins and NFTs is changing the digital economy. It’s bringing new chances for innovation and growth.
cryptocurrency prices and Emerging Trends
The play-to-earn (P2E) gaming sector, also known as GameFi, is booming in the crypto world. These games mix NFTs, in-game cryptocurrency tokens, DeFi, and sometimes metaverse elements. Players can earn money by playing, like in Axie Infinity. This game lets players collect and battle digital pets called Axies to earn Smooth Love Potion (SLP).
What Are In-game Tokens?
In-game tokens are special cryptocurrencies for play-to-earn games and blockchain gaming. They let players buy virtual items, upgrade characters, and do in-game stuff. The value of these tokens depends on the game’s success and popularity, making them key to GameFi.
| Top Play-to-Earn Games | In-game Tokens | Market Cap |
|---|---|---|
| Axie Infinity | Smooth Love Potion (SLP) | $2.1 billion |
| The Sandbox | SAND | $1.8 billion |
| Decentraland | MANA | $1.5 billion |
The GameFi sector is growing, and in-game tokens are becoming more vital. They offer players new ways to make money and join the digital economy.
“In-game tokens are revolutionizing the way we think about gaming, blending the digital and physical worlds in a way that empowers players and creates new economic opportunities.”
Crypto ETFs
The crypto market has changed a lot in recent years. Now, exchange-traded funds (ETFs) let investors easily get into digital assets. In January 2024, the U.S. SEC approved 11 Bitcoin ETFs. This made it easier for more people to invest in cryptocurrency.
What Are ETFs?
ETFs are investment tools that follow the performance of a certain asset or index. Cryptocurrency exchange-traded funds and Bitcoin ETFs let investors get into the digital asset market easily. They don’t need to buy and store cryptocurrencies themselves. These funds offer a regulated crypto exposure for those looking to diversify their investments.
Before 2024, some Bitcoin ETFs were available in other countries. But the 2024 decision made these funds more accessible to U.S. retail investors. This could lead to more people investing in cryptocurrency.
| ETF Name | Assets Under Management | Expense Ratio | Top Holdings |
|---|---|---|---|
| Amplify Transformational Data Sharing ETF | $1.1 billion | 0.75% | MicroStrategy, Marathon Digital Holdings, Coinbase Global, Beyond |
| First Trust Indxx Innovative Transaction & Process ETF | $102.7 million | 0.65% | Financials (40%), Technology (28%), Communication Services (10%) |
| Fidelity Crypto Industry and Digital Payments ETF | $78.8 million | 0.39% | Coinbase Global, Marathon Digital Holdings, Riot Platforms |
| VanEck Digital Transformation ETF | $88.1 million | 0.50% | Small-caps (45%), Large-caps (29%), Mid-caps (26%) |
| Schwab Crypto Thematic ETF | $21.2 million | 0.30% | Passively managed |
Cryptocurrency exchange-traded funds and Bitcoin ETFs make it easier and safer for investors to get into the digital asset investment vehicles market. They’re changing how people can invest in cryptocurrency.
Investment Guidance
When looking into cryptocurrency investments, it’s key to be well-informed and careful. The market can be risky and full of scams. CoinMarketCap doesn’t give advice on which cryptocurrencies to invest in or when to buy or sell.
For those looking into cryptocurrency investment advice, digital asset portfolio diversification, or blockchain asset allocation, getting advice from a professional is best. They can tailor advice to fit your financial situation, risk level, and goals.
Which Is the Best Cryptocurrency to Invest in?
There isn’t just one “best” cryptocurrency for everyone. What’s right for you depends on your goals, how much risk you can take, and your overall financial plan. When checking out cryptocurrencies, consider these points:
- How useful the token or coin is in real life
- The security, speed, and scalability of the blockchain it’s on
- How transparent and trustworthy the team behind it is
- What makes it stand out from others
- Legal issues and regulations around it
Remember, investing in cryptocurrencies comes with big risks. You could see big price swings and losses. It’s smart to spread out your investments, manage risks, and think long-term when building a digital asset portfolio.
“Before investing in any cryptocurrency, it’s essential to thoroughly research the project, understand the risks, and ensure the investment aligns with your broader financial goals and risk tolerance.”
In summary, the cryptocurrency market is exciting but requires caution. Always seek advice from a professional to make choices that fit your financial situation and goals.
Conclusion
The cryptocurrency market has grown a lot in recent years. Bitcoin, Ethereum, and other digital assets have seen big price increases and new tech. CoinMarketCap leads in giving cryptocurrency market overview, digital asset trends, and blockchain ecosystem insights to investors and fans.
As financial technology developments keep happening, CoinMarketCap stays a trusted info source. It helps you track your crypto investments or keep up with market news. Our platform gives you real-time data, historic charts, and expert analysis.
Cryptocurrency prices have gone up a lot, showing the big potential of this new asset class. CoinMarketCap is at the heart of this change. It helps users make smart choices and move through the changing crypto markets with confidence.