What is CMC?
- Posted by
- Comments Off on What is CMC?
CoinMarketCap (CMC) is a website that considered as the window to see digital currency capitalization or cryptocurrency. The CMC also shows the last 24 hour incorrect amount and volume change in the proportion and market cap which is the total value of a specific coin.
Information about CoinMarketCap is regulated regularly as they receive feeds from cryptocurrency exchange sites as well as directly from crypto coin entrepreneurs, thus allowing as close to the correct numbers as possible at all times it regulating. You can see the coin’s price movement on the market chart, showing the movement of the last seven days that makes you can see if the coin is getting worth or less. Coins are ordered in order of total market capitalization and not by ability to grow in value.
CoinMarketCap is a great site to follow the movements of all the major and smaller cryptocurrencies, check how many coins are being mined each day and see how their prices move. This simplified overview of all makes it easy to quickly navigate to the coin you are interested in and is a great tool to have next to your exchange account.
CoinMarketCap is not a site to exchange coins or collect advice on coins, it’s just a tool that you should use in conjunction with other information platforms, so you can follow market trends easily and make your predictions when you want to invest in coins and make a profit.