CoinGecko Step by Step Tutorial
As we have explained in a previous guide on Crypto University, Coingecko is a platform that provides information about cryptocurrencies, exchanges and it is very useful for traders and investors. However, checking the price of cryptocurrencies, their volume and their performance in recent days is not the only thing Coingecko allows us to do. This platform is much more powerful and it can be a great solution for traders that want to get valuable data related to the entire crypto industry.
Get Information About Cryptocurrencies
The first thing you should know about Coingecko is that you can see information about digital assets. You can check the price of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and any cryptocurrency in the world.
You will see the price change in the last 1 and 24 hours and also their performance in the last 7 days. Other data you can find includes market valuation, 24-hour volume and market dominance, among other things.
If you are interested in altcoins, you will also have information about their historical performance, all-time high and all-time low price, ROI since inception and BTC value. Furthermore, you can also get data on the exchanges where you can buy these virtual currencies.
ERC-20 Cryptocurrencies on Coingecko
With Coingecko, you can get data on ERC-20 tokens. ERC-20 tokens are digital assets based on the Ethereum network. These tokens are usually created by developers and companies that want to have their own token.
In Coingecko you will be able to find the explorers that are available for a specific ERC-20 token. For example, if we search for Decentraland (MANA), an ERC-20 token, we will see that Coingecko shows us the official website and link to the whitepaper, the explorers where we can search info about it, wallets we can use to hold MANA, and many other things about it.
Having this information would also allow us to get the right contract address of the virtual currency. The contract address will help you to trade in decentralized exchanges such as Uniswap. If you want to trade MANA, you can simply paste the original address of this virtual currency. Furthermore, you can also add the contract address to your Metamask wallet. This would also help you get the correct token in the services you are using. Additionally, with Coingecko you can have information about the places where you can trade the virtual currency, including derivatives exchanges.
If you are an investor, you also want to know the total supply of the token and also its circulating supply. Thus, Coingecko is going to be very useful for you. If a token is not available in several exchanges and if it has a very low trading volume, then this would be a red flag for this ERC-20 token.
Coingecko is a tool that shares all the information you need about Decentralized Finance (DeFi), virtual currencies, yield farming, charts, exchanges, trading volume, and many other things.
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