CMC – Coinmarketcap.com has been the go-to website for all crypto investors and traders for quite some time. It’s a source for all the crucial info for any respectable cryptocurrency (if a coin is listed there, it is considered legit), with data ranging from market capitalization, trading volume, price change, historic performance, it also lists the wallets, explorers and exchanges that support each coin, the links to their whitepapers, githubs, forums, official websites, social media links and much much more.
However, some time ago it became public knowledge that often times the trading volume displayed there is incorrect and many traders are put off by that so we looked for alternatives.
Exchanges report false data for short term visibility gains. CoinMarketCap is the most widely cited price tracker for cryptocurrencies. It is by far the most dominant metrics site in the cryptosphere, with Alexa ranking it the 369th most popular site in the world. It compares exchanges by trading volume, which means that exchanges are incentivized to report false numbers to climb price tracker listings (and thus be featured more prominently to users).
But that is not the only reason why you might want to use another website, there are also some really cool and unique features that you can find on the newer websites which I have outlined in this article. I use most of these although some of them not so much anymore but they’re all having their own benefits so here we go.
So let’s begin with my top choice:
Onchainfx is investor-minded, providing a greater range of metrics than any other website. Here you can view such data as a coin’s 2050 market cap (to calculate its future worth), percentage of supply issued, ROI, and historical prices. There’s also the ability to compare the movement of two assets side by side. There’s a very easy way to customise your stats tabs and you can even save your customized view with your own dedicated link to share with others or to just access it every time for convenience. You can check my custom view here. I use this site every day and it’s my top tool right now. I prefer using it on full-screen mode which is done by a click on the top right.
This is one of the websites that is trying to cash-in on one of the main reasons why people turned away from coinmarketcap.com – the fake volume reported. An analysis by Bitwise showed that as much as 95% of Bitcoin’s reported trading volume is fake (https://www.bitcointradevolume.com/). The report finds that widespread stats on sites like CoinMarketCap and other price trackers significantly overstate the true size of the cryptocurrency markets.
Openmarketcap’s motto is “Cryptocurrencies Without Fake Volume” and as they state in their blog: “Out of the 80+ exchanges on CoinMarketCap (CMC), Bitwise found ten exchanges with actual volume. By tracking data from these exchanges, OMC removes data from exchanges with fake volume and is the only price tracker that gives an accurate impression of trading volume and prices.” They have a tool to compare the fake volume stats with their “true volume” stats which can be very handy for those who need it.
Another website I use almost on a daily basis and is a favourite too is Coincheckup.com
Billed as a crypto research platform, Coincheckup provides all the usual data, also has a customiseable interface and you can track the daily, weekly, monthly and 90-day performance side-by-side which is similar to Onchain but with slightly more appealing design. It doesn’t have as many metrics as Onchain but for quick stats it is very useful and it has all the necessary ones. I like seeing the USD and BTC value of the alts side by side and the green vs red blocks that support their performance visually on top of the actual values. The only criticism I have is that their evaluation on percentage change is based on USD and not on BTC, so if you’re trading alts against Bitcoin this percentage change will not apply. For that, I use Onchain where you can see the difference in the percentage change against both USD and BTC.
Another site I use from time to time. Clean interface, enough key metrics to compare and easy to customise. A bit of a darkweb type of interface, looking somewhat like a programmer website but that’s not necessarily a bad thing. Just means it has less mass appeal. Does the job though, which is more important.
Coincodex is designed similarly to CMC, with a cleaner interface and some nice visualizations. For instance, you can filter results based on cryptocurrencies’ performance over a period of between 24 hours and a year and the site also has some useful cryptocurrency guides for beginners. The ad banners on the main page are also a bit annoying, compared to the other sites that don’t have these it’s a downer for me and I don’t use it at all but it’s worth mentioning.
Cryptocompare is trying to be a one-stop-shop for all things crypto. View rankings for cryptocurrencies and exchanges, with recent trades displayed in real time. Filter coins by proof type or algorithm, view mining information and read reviews of wallets. I think that it has too many additional “guides” that are basically promoting personal links and other content that doesn’t sit well with me as a content creator myself, so I don’t use it but a couple of years ago it was in my toolbox so perhaps you will like it.
This one is providing some good info indeed but it’s got a horrible interface and looks way too messy and it’s all over the place. However, it is a very useful comparison site if you can overlook the interface flaws. It displays the number of transactions sent and their average value for all the major cryptocurrencies. There’s also data on block times and wallets including rich lists and wealth distribution. Bitinfo even details how active each coin’s Github repository is, giving an idea of which projects are still being developed and which have gone to seed. By default is has a horizontal display which is very unusual and I find that it makes more sense to use it in vertical mode (highlighted on my screenshot)
Another comparison site that doesn’t stray too far from the CMC model, the difference here being that it updates Shapeshift prices in real time. Aside from that, not much benefit to using it.
Coingecko also goes with the CMC format but again adds some unique features. The ability to filter cryptocurrencies based on their hashing algorithm is useful for miners (on my screenshot I filtered the stats according to cryptonight mining algo)
Coinlib looks like another generic crypto comparison site, but it does have one unique feature. You can choose four crypto assets to be compared side by side and overlaid on a single chart. That’s all I find useful in there.
And lastly, here are the two most creative ones in terms of interface, although they may not be the best tools for comparison as it’s certainly harder to see all the stats displayed properly but they sure make things a lot more fun and have become favourites for twitter and instagram posts.
This is still a new site and gaining popularity day by day with their moving bubbles style of interface that is easy to customise and looks rather neat. It’s useful for a very quick stats and doesn’t have a lot of metrics but it’s fun to watch and does the trick for screenshots you can use on social media.
Last, but not least, this is probably the most used one on twitter where people like to post quick shout outs to their favourite coins when they produce some notable gains. The block-style interface definitely makes things stand out and the larger the size of the block, the higher the change – you can customise this to reflect trading volume or market cap and you can easily look at the top gainers or loosers for the day and some other cool metrics.
This concludes my report, I hope this will be of great use to you and if so, I will be happy to hear from you. Leave a comment, let me know if you’re using any of these websites or maybe you have another favourite to add to this list. This will be of great help to others too so looking forward to seeing your comments.
Till next time!