It’s crucial to find platforms which offer near real-time, accurate information regarding price action, circulating supply, total supply, and more.
Why is Market Data Important? The process of drawing in market data requires integrating with various exchanges, normalizing data, and calculating average prices, all while making sure there are no errors. Having an accurate pulse on the market, with accurate data, is a mandatory requisite for becoming a profitable investor or trader.
What are the Best Places for Market Data?
Coinmarketcap is the most used site in the market for checking prices, volume, and supply of coins. They also have a robust API if you wanted to pull in data to your own user interface. It’s also helpful to know what everyone else in the market sees.
OnchainFX offers data like Coinmarketcap, but also offers more unique statistics. Users can see coins categorized as scams, top gainers, top losers, or view other figures which predict future market cap in the year 2050. You can also customize your own dashboard! OnChainFX is slowly becoming one of the most trusted sources for market data. I highly recommend checking it out.
CryptoCompare is a site that has been around for a long time in the industry. They offer reliable market data as well as tools to track your portfolio and informative articles to learn about new developments and different coins. With a following as large as theirs, it’s worth considering CryptoCompare.