Anna KeyWed, Dec 9, 2020 3:38 PM
Crypto Trends Portal Comparison: CoinGecko or Cointrends Live
If you are interested in blockchain, cryptocurrencies, and you're excited about crypto coin trends, you probably want to bookmark a universal and complete monitoring portal for all the coins, indicating their capitalization and available trading volumes. A platform like that should show all operational changes and all the necessary information in a convenient form. There are many services and tools for monitoring: CoinMarketCap, CoinGecko, Cointrends.live, Coincap.io, Blockchair, Cryptocompare, and many others. Usually, users consider what is better: CoinGecko or CoinMarketCap? But today we have another interesting comparison of services: CoinGecko vs. Cointrends.live.
There is nothing excessive in the interface of both services. All the data is useful. But at CoinGecko, a newbie may get a bit confused. The main page gives you the top 100 cryptos table, indicators for 1 hour, 24 hours, 7 days, available volume and market capitalization, a price chart for the week. You can put a whole set of filters, create a portfolio of currencies, sort by several indicators.
Let's go back to the review. This is what the CoinGecko screen looks like.
There is a large information menu on the main page of CoinGecko service. The Markets tab shows you the Coins submenu. Here you can learn the crypto-assets market cap, select the currencies recently added to the range, check stablecoins data, or monitor the priority farms.
The Derivatives submenu collects the reports about Futures, Exchange Traded Funds, and the most appreciated exchanges. Besides, you can monitor decentralized platforms.
You can learn some useful content without leaving the platform: News, CoinGecko Beams, and Podcasts. In the Tools section, you can install the Mobile CoinGecko App, see the Earn option, install CoinGecko Widgets, and so on.
If you are going to compare different crypto assets with each other, CoinGecko has the option for this. You will be presented with over 40 comparison parameters and charts for price indicators and cap.
The useful content section continues with corporate resources, guides, publications, "How to DeFi" Book, and content about API integrations. And, that is quite useful for newbies, there is a great glossary. Also, there are conveniently grouped company's social media links.
When analyzing the state and behavior of cryptos, for each cryptocurrency, you can customize the format of the chart, analyze historical data, rebuild the graph in different forms per day, week, 2 weeks, month, quarter, half-year, year, or any custom period.
Compared to massive CoinGecko views the Cointrends.live interface is more minimalistic. Which is very good in some cases, and allows you not to drown in numbers and graphs. It looks good on mobile devices and tablets. You can quickly assess the situation while on the run. Here, the main screen displays the currency, price, and the percentage value of its change. Also, there is a visual trend icon — an increase or decrease in the price.
This is how the monitoring Cointrends.live homepage looks like:
While CoinGecko has been working for a long time, Cointrends.live is quite a young service. But the last one is quite interesting because of the AI-Powered Cointrends bot which is tuned to several signals that quickly transmits data to this aggregator. This fresh approach in Cointrends live update is noteworthy.
Professionals never use one tool. They always have a whole set of powerful tools in their arsenal. Despite the tech development, the well-known issue with the accuracy of displayed volume at certain exchanges has not been 100% solved for now. It is not a problem with any particular aggregator or portal.
There are no questions like "Is CoinGecko accurate?" or "Is Cointrends bot accurate?" The issue concerns interaction with exchanges in general. This means that the more tools you have in stock, the more holistic information you have. Therefore, add a couple of websites to your bookmarks to compare the info. For DeFi projects, you can also use DefiMarketCap.
Moreover, a huge portal with a huge number of parameters is not always needed. And here comes the neat Cointrends minimalism, which comes in handy.
The richness of functions for such tools develops more and more, and the approach to the assessment of the indicators and calculating various indicators significantly improves too.