Onchainfx crypto

Bitcoin is the oldest and most established cryptocurrency, and has a market cap that is larger than all of the other cryptocurrencies combined. Bitcoin is also the most widely adopted cryptocurrency, and is accepted by practically all businesses that deal with cryptocurrency. However, Bitcoin is far from the only player in the game, and there are numerous altcoins that have reached multi-billion dollar valuations. The second largest cryptocurrency is Ethereum, which supports smart contracts and allows users to make highly complex decentralized applications.

In fact, Ethereum has grown so large that the word "altcoin" is rarely used to describe it now. Generally, altcoins attempt to improve upon the basic design of Bitcoin by introducing technology that is absent from Bitcoin. This includes privacy technologies, different distributed ledger architectures and consensus mechanisms. What is a stablecoin? A stablecoin is a crypto asset that maintains a stable value regardless of market conditions.

This is most commonly achieved by pegging the stablecoin to a specific fiat currency such as the US dollar. Stablecoins are useful because they can still be transacted on blockchain networks while avoiding the price volatility of "normal" cryptocurrencies such as Bitcoin and Ethereum.

What is DeFi? The term DeFi decentralized finance is used to refer to a wide variety of decentralized applications that enable financial services such as lending, borrowing and trading. DeFi applications are built on top of blockchain platforms such as Ethereum and allow anyone to access these financial services simply by using their cryptocurrency wallets. The top 10 cryptocurrencies are ranked by their market capitalization.

Even though 10 is an arbitrarily selected number, being in the top 10 by market capitalization is a sign that the cryptocurrency enjoys a lot of relevance in the crypto market. The crypto top 10 changes frequently because of the high volatility of crypto prices. Despite this, Bitcoin and Ethereum have been ranked 1 and 2, respectively, for several years now.

What cryptocurrency should I buy? If you want to invest in cryptocurrency, you should first do your own research on the cryptocurrency market. There are multiple factors that could influence your decision, including how long you intend to hold cryptocurrency, your risk appetite, financial standing, etc.

The reason why most cryptocurrency investors hold some BTC is that Bitcoin enjoys the reputation of being the most secure, stable and decentralized cryptocurrency. How can I buy a coin I like? There, you will be able to find a list of all the exchanges where the selected cryptocurrency is traded.

Once you find the exchange that suits you best, you can register an account and buy the cryptocurrency there. You can also follow cryptocurrency prices on CoinCodex to spot potential buying opportunities. What is the difference between token and coin? A coin is a cryptocurrency that is the native asset on its own blockchain. These cryptocurrencies are required to pay for transaction fees and basic operations on the blockchain. Tokens, on the other hand, are crypto assets that have been issued on top of other blockchain networks.

Even though you can freely transact with these tokens, you cannot use them to pay Ethereum transaction fees. What is blockchain and how is it connected with cryptocurrency? A blockchain is a type of distributed ledger that is useful for recording the transactions and balances of different participants. All transactions are stored in blocks, which are generated periodically and linked together with cryptographic methods. Once a block is added to the blockchain, data contained within it cannot be changed, unless all subsequent blocks are changed as well.

This is why reaching consensus is of utmost importance. In Bitcoin, miners use their computer hardware to solve resource-intensive mathematical problems. The miner that reaches the correct solution first gets to add the next block to the Bitcoin blockchain, and receives a BTC reward in return.

Blockchain was invented by Satoshi Nakamoto for the purposes of Bitcoin. Cryptocurrency mining is the process of adding new blocks to a blockchain and earning cryptocurrency rewards in return. Cryptocurrency miners use computer hardware to solve complex mathematical problems. These problems are very resource-intensive, resulting in heavy electricity consumption. The miner that provides the correct solution to the problem first gets to add the new block of transactions to the blockchain and receives a reward in return for their work.

Cryptocurrencies such as Bitcoin feature an algorithm that adjusts the mining difficulty depending on how much computing power is being used to mine it. In other words — as more and more people and businesses start mining Bitcoin, mining Bitcoin becomes more difficult and resource-intensive. This feature is implemented so that the Bitcoin block time remains close to its 10 minute target and the supply of BTC follows a predictable curve.

Cryptocurrencies that reach consensus through mining are referred to as Proof-of-Work coins. However, alternative designs such as Proof-of-Stake are used by some cryptocurrencies instead of mining. How can I find historical crypto market cap and crypto price data? You can find historical crypto market cap and crypto price data on CoinCodex, a comprehensive platform for crypto charts and prices. For any given coin, you will be able to select a custom time period, data frequency, and currency.

The feature is free to use and you can also export the data if you want to analyze it further. How many cryptocurrencies exist? There are thousands of different cryptocurrencies. On CoinCodex, you can find crypto prices for over cryptocurrencies, and we are listing new cryptocurrencies every single day. What is an ICO? ICO stands for Initial Coin Offering and refers to a method of raising capital for cryptocurrency and blockchain-related projects. Typically, a project will create a token and present their idea in a whitepaper.

The project will then offer the tokens for sale to raise the capital necessary for funding development. Even though there have been many successful ICOs to date, investors need to be very careful if they are interested in purchasing tokens in an ICO. ICOs are largely unregulated, and very risky. They are both largely unregulated token sales, with the main difference being that ICOs are conducted by the projects that are selling the tokens, while IEOs are conducted through cryptocurrency exchanges.

Cryptocurrency exchanges have an incentive to screen projects before they conduct a token sale for them, so the quality of IEOs tends to be better on average than the quality of ICOs. What is a cryptocurrency exchange? A cryptocurrency exchange is a platform that facilitates markets for cryptocurrency trading. Some examples of cryptocurrency exchanges include Binance , Bitstamp and Kraken. These platforms are designed to provide the best possible prices for both buyers and sellers.

Some exchanges only offer cryptocurrency markets, while others also allow users to exchange between cryptocurrencies and fiat currencies such as the US dollar or the euro. You can buy and sell Bitcoin on practically all cryptocurrency exchanges, but some exchanges list hundreds of different cryptocurrencies. One metric that is important for comparing cryptocurrency exchanges is trading volume. If trading volume is high, your trades will execute fast and at predictable prices.

According to the platform, this allows users to compare cryptocurrencies efficiently. In cases where there is no quality data available to compute the supply, OnChainFX compiles the reported circulating supply. As it is with the volumetric section of OnChainFX, the platform connotes supply data gotten from external sources with an asterisk.

Like every quality coin metric platform featured on our website, OnChainFX aggregates quality data that represents the real-time market performances of digital assets. Below are some of the data found on OnChainFX. Price OnChainFX logs the prices of digital assets seamlessly and accurately. More so, the platform showcases the fluctuations associated with cryptocurrencies.

In turn, this gives the data a real-time feel. In total, OnChainFX tracks the price of over 1, assets. You will agree that this figure is a bit on the low side. The time intervals tracked by OnChainFX are 24 hours, a week, a month, and a year. Return on Investment In addition to data describing price changes, OnChainFX also delivers an accurate means of determining the return on investment generated within a timeframe.

All you need to do is select the cryptocurrency of your choice, enter a date from where the algorithm begins to calculate the ROI. This tool is also suitable for users intending to recall the prices of digital assets on specific dates. Market Capitalization This data connotes the value of the total supply of digital assets in circulation. OCFX platform multiplies the price of each unit of a cryptocurrency with its total circulating supply to calculate the market cap.

This functionality will help you have an insight into the current demand and supply of crypto assets. Notably, the site has a page where users can look up historical prices. The page also functions as an ROI estimator. Hence, OnChainFX comes in handy when looking to estimate the returns generated or search for historical data for accurate tax documentation. Once you click one of the listed digital assets, a chart, which you can use to carry out simple analyses, pop ups.

Also, you can zoom the OCFX chart to expand the timeline encapsulated on the chart. With this, users can calculate the equivalence of digital assets in fiat currencies or other cryptocurrencies. For instance, you can convert 0. By so doing, users can track the most volatile cryptocurrencies. Unfortunately, there is no way to filter the top gainers from the top losers.

The absence of a filtering system makes it a tad difficult to utilize this feature. You can, however, scroll through the OCFX list of big movers to have a glance at the best and worst-performing digital assets in the past 24 hours. Crypto Classifications To make tracking easier, OnChainFX uses popular crypto classifications to filter the tracked digital assets. Some of the classifications used on OnChainFX include stablecoin, exchange tokens, smart contract platforms, dapps, DeFi, and popular farmable coins.

Here, you can access the overview of each listed cryptocurrency, what they are trying to achieve, and key developments. This feature puts users in touch with trending crypto news. It is always advantageous to have a good source of information.

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Not only that, but you can also use checkboxes for large, medium, small and micro-caps — so you can quickly whip a shortlist together. You can filter the proof-type, so you could for instance only show proof of stake coins and exclude proof of work checkboxes from your shortlist. OnChainFX also lets you hide known scams, or assets with a trading volume below a desired minimum.

It's a great way of sharing shortlists with friends or bookmarking so you can come back to the same view later. You can even add a title and description so people you share the link with can see a message of your choice! See charts and overlay other assets Clicking into an asset from the homepage will dive into charts, further information, links and news about the selected coin or token.

Verdict: you can't get these stats as easily elsewhere Pros: epic metrics Send us a hate-tweet or email if we're wrong, but as far as we've seen, OnChainFX is one of the best tools out there for comparing these more obscure metrics. The value you get from being able to put cryptoassets head-to-head with these metrics is unparalleled, so we've got to put OnChainFX near the top of our favourite currency screeners.

Cons: user experience could improve The user experience has room for some minor but useful improvements: The interface isn't as pleasant if you add too many columns there's no horizontal scrollbar. For its pricing metrics, OnChainFX claims that Messari takes extra care to eliminate data anomalies, which it believes can reduce the efficacy of its price aggregator.

It acknowledges that the volume reported by exchanges are sometimes inaccurate. According to the information on Onchainfx. The reason for this is that Messari utilizes a concise and consistent model for computing the supply of cryptocurrencies. The goal is to use a consistent framework to establish a standard for calculating the supply of assets. According to the platform, this allows users to compare cryptocurrencies efficiently.

In cases where there is no quality data available to compute the supply, OnChainFX compiles the reported circulating supply. As it is with the volumetric section of OnChainFX, the platform connotes supply data gotten from external sources with an asterisk.

Like every quality coin metric platform featured on our website, OnChainFX aggregates quality data that represents the real-time market performances of digital assets. Below are some of the data found on OnChainFX. Price OnChainFX logs the prices of digital assets seamlessly and accurately.

More so, the platform showcases the fluctuations associated with cryptocurrencies. In turn, this gives the data a real-time feel. In total, OnChainFX tracks the price of over 1, assets. You will agree that this figure is a bit on the low side. The time intervals tracked by OnChainFX are 24 hours, a week, a month, and a year. Return on Investment In addition to data describing price changes, OnChainFX also delivers an accurate means of determining the return on investment generated within a timeframe.

All you need to do is select the cryptocurrency of your choice, enter a date from where the algorithm begins to calculate the ROI. This tool is also suitable for users intending to recall the prices of digital assets on specific dates. Market Capitalization This data connotes the value of the total supply of digital assets in circulation.

OCFX platform multiplies the price of each unit of a cryptocurrency with its total circulating supply to calculate the market cap. This functionality will help you have an insight into the current demand and supply of crypto assets. Notably, the site has a page where users can look up historical prices. The page also functions as an ROI estimator. Hence, OnChainFX comes in handy when looking to estimate the returns generated or search for historical data for accurate tax documentation.

Once you click one of the listed digital assets, a chart, which you can use to carry out simple analyses, pop ups. Also, you can zoom the OCFX chart to expand the timeline encapsulated on the chart. With this, users can calculate the equivalence of digital assets in fiat currencies or other cryptocurrencies. For instance, you can convert 0. By so doing, users can track the most volatile cryptocurrencies. Unfortunately, there is no way to filter the top gainers from the top losers.

The absence of a filtering system makes it a tad difficult to utilize this feature. You can, however, scroll through the OCFX list of big movers to have a glance at the best and worst-performing digital assets in the past 24 hours.

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The page also functions as an ROI estimator. Hence, OnChainFX comes in handy when looking to estimate the returns generated or search for historical data for accurate tax documentation. Once you click one of the listed digital assets, a chart, which you can use to carry out simple analyses, pop ups. Also, you can zoom the OCFX chart to expand the timeline encapsulated on the chart. With this, users can calculate the equivalence of digital assets in fiat currencies or other cryptocurrencies.

For instance, you can convert 0. By so doing, users can track the most volatile cryptocurrencies. Unfortunately, there is no way to filter the top gainers from the top losers. The absence of a filtering system makes it a tad difficult to utilize this feature. You can, however, scroll through the OCFX list of big movers to have a glance at the best and worst-performing digital assets in the past 24 hours.

Crypto Classifications To make tracking easier, OnChainFX uses popular crypto classifications to filter the tracked digital assets. Some of the classifications used on OnChainFX include stablecoin, exchange tokens, smart contract platforms, dapps, DeFi, and popular farmable coins. Here, you can access the overview of each listed cryptocurrency, what they are trying to achieve, and key developments.

This feature puts users in touch with trending crypto news. It is always advantageous to have a good source of information. Having discussed the core functions of OnChainFX, it is imperative to highlight its strengths and weaknesses. Hence, it is very easy-to-use. Besides, it eliminates every form of distraction. This integration presents OnChainFX with a more reliable and consistent model for computing and compiling prices, the circulating supply, and volumes of cryptocurrencies.

Hence, it is commendable that OnChainFX has identified this need and provided functionality to cater to such demands. Users can calculate and convert the value of their assets from one currency to another. It also helps that the converter supports a wide array of fiat and digital currencies. Each listed coin has a news feed that fetches trending reports about the project. It is common knowledge that prompt access to news helps traders and investors to stay ahead of the crypto market.

With this, you can react quickly to trends. All you need to do is enter the date you invested in a particular digital asset, and the calculator will automatically estimate the ROI that you must have generated. Besides, the service also doubles as a price lookup system. As such, you can fetch the historical prices of cryptocurrencies. Therefore, it is a bit underwhelming that OnChainFX has limited itself to 1, cryptocurrencies.

This move is detrimental to investors looking to monitor obscured digital assets. They may need to adopt other coin metric sites to expand their search. The current design is a little too basic for experienced investors and traders. Hence, it is impossible to track the volumes and liquidity of exchange platforms on the website.

As an Amazon Associate we earn from qualifying purchases. A tool for cryptocurrency investors and traders From a dozen sequential tweets OnChainFX outlined what drove their development: Hi! So we compare assets based on the fully-diluted supply. We do this by calculating the expected supply of every asset on Jan 1st We feel Y implied market cap is a good quick way to compare how the market is valuing assets longterm relative to one another.

Hopefully the Y implied market cap figure will allow investors to make better comparisons and better decisions. For example, some investors may care how old a coin is, but others may not. If you have an idea, let us know!