📊 CoinMarketCap vs. CoinGecko: Which Crypto Tracker Is Better?
CoinMarketCap
After logging into their accounts, users can go to the “Portfolio” button, select the “Create Portfolio” option, choose coins for their portfolio, add a purchase or transfer as a transaction, and complete the process.
Pros:
+Tracks over 11,000 tokens
+Offers impressive, customizable filters
+Provides flexible pricing plansHas a wide user baseOffers top-notch security
Cons:
-Often publishes biased reports
-Lacks sufficient NFT information or NFT market coverage
-Premium plans can be expensive
CoinGecko
After setting up an account, clients need to log in, select "Create Portfolio," and give it a name. Then, go to the coin pages with the tokens you want to add to your portfolio, click the star icon next to them, and decide the portfolio to add them to.
Pros:
+Simple and user-friendly interface
+Provides more accurate and reliable market capitalization figures and token performance reports
+Generates quarterly cryptocurrency market condition reports
+Offers a more accessible premium pricing plan
+Covers a wider range of assets, including NFTs and ICOs, and provides more market data
Cons:
-Lacks information on crypto lending rates
- Doesn't cover general cryptocurrency-related business information
CoinMarketCap and CoinGecko—check how each platform generates market capitalization for the various assets it lists.
CoinMarketCap uses the circulating supply method to determine market capitalization. This multiplies the current market price of a coin by the number of tokens publicly available for buying and selling.
CoinGecko applies the fully diluted method. Market capitalization calculated based on this criterion is determined by calculating the total number of existing coins. Whether these coins are in circulation or locked through liquid staking or initial coin offerings, they are all counted. 🚀📈💼