In cryptocurrency, a significant part of investors’ money has been spent searching for the latest coin on the internet. The only reason for conducting this thorough research is to increase the potential return on investment in the crypto market. Land on bitcoin loophole page (https://btc-loophole.io/) to track the actual time price of crypto tokens in the market. Most experienced traders use a price tracker for profitable returns, even in the short term. A price tracker helps an investor know the accurate market value of a particular crypto token and other services like trading volume, market cap, etc.
As cryptocurrency becomes increasingly popular, price tracker services are getting closer to users. With a plethora of online price trackers, it is now essential for crypto investors to pick the most reliable one for their day-to-day needs. In addition, price trackers have also been a massive help for traders and investors actively looking for a particular coin or token.
These services provide real-time data to investors on their activities in the market and allow them to make the best trading decisions while keeping an eye on the market value of a particular coin. This article’s main aim is to provide details about some of the most popular price trackers available on the market and compare them with each other in terms of their significance and applicability as well as ease of use and cost.
Essential about price tracker:
A price tracker is a tool that has emerged to assist cryptocurrency traders and investors differently. It gives them reliable data for making informed decisions about the crypto market, such as the current value and history of the particular coin. The most important feature of the price tracker is that it gives live updates on the current value of crypto coins against the previous one.
This way, anyone can quickly know the current demand and price of an asset without the need to look outside his computer or device screen. Unfortunately, various price trackers are currently available in the market. As a result, there is a little confusion regarding its definition and what it exactly means. To understand the basics of a price tracker, let’s first look at its characteristics:
1. To begin with, a price tracker can be defined as a tool or software which gives information about the current value or worth of cryptocurrency simply by looking at the chart of that particular token. It gives the user a clear picture of how the value of a specific cryptocurrency has changed in a particular period and draws the chart accordingly. The chart helps the investor understand the price trend of that particular token, enabling him to decide whether to invest.
2. Secondly, a price tracker is similar to a stop-limit order. When the price tracker detects sudden or sharp increases or decreases in the value of a cryptocurrency, it automatically sets orders at that particular price. It directs you to buy or sell with a limited order. This way, it takes complete responsibility for monitoring and trading so that the trader doesn’t have to worry about anything other than his initial investment.
Some popular Price trackers
1. CoinMarketCap: The biggest attraction of this particular tool is that it provides all the information regarding every cryptocurrency, including their value in USD, total supply, circulating supply, and market cap according to their volume, 24 hours trading volume, and change. CoinMarketCap provides real-time data on all the major coins among a particular token. To use this particular service, the user will first have to register and make an account. CoinMarketCap aggregates data from different exchanges where a particular coin is available for trade.
2. EthTrader: A price tracker specially designed for Ethereum tokens. It provides live data on various Ethereum tokens, including coins and ICOs from various exchanges worldwide. Information provided by this tracker includes market cap, the volume traded in the past 24 hours, price, circulating supply, and much more. Like CoinMarketCap, EthTrader also provides a list of social links and forums where people can discuss the price of a particular Ethereum token
Coinlab is a decentralized service that collects and aggregates all the data regarding the 20 most popular cryptocurrencies in the market. Their popularity is due to their reliability and high accuracy of data. The main features of this particular service include details on top coins, market cap, the volume of trade, 24 hours trading volume, and price. In addition, it provides a platform for its users to discuss any current or past news regarding cryptocurrency. To use this tool, the user must register to get an account.
The main advantage of using this service is that it provides real-time data, eliminating any possibility of manipulating the data beforehand and reporting false information. Another helpful feature is that Coinlab provides all the information regarding specific ICOs, making it a handy price tracker, especially for any individual planning to invest in an upcoming ICO.