Coincap Market : what is coinmarketcap ? Coincap Market Api

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what is coincap market?

coincap market is a website which provides data about Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.

Coincap Market website?

how to get Coincap Market (coinmarketcap) api?

To get Coincap Market (coinmarketcap) api.

what is CoinMarketCap ?

CoinMarketCap is the world’s most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.

Founded by Brandon Chez in May 2013, CoinMarketCap has quickly grown to become the most trusted source by users, institutions, and media for comparing thousands of cryptoassets and is commonly cited by CNBC, Bloomberg, and other major news outlets. (Even the U.S. government uses CoinMarketCap’s data for research and reports!)

In April 2020, CoinMarketCap was acquired by Binance Capital Mgmt. Binance is the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, which shares the common vision of making crypto accessible and systemically important to people all around the world.

Coincap Market key features:

These are rules-based indices calculated and administered to exacting standards with a start date of December 31, 2018 and a base value of 100.00.

  • Tracks constituent market capitalization using CoinMarketCap’s trusted dataset
  • Rebalanced and reconstituted quarterly
  • Robust index methodology administered by Solactive .

Coincap Market Methodology Principles

The index is rebalanced on the last day of each calendar quarter. Index constituent weights are fixed on the selection date, which is five days prior to the rebalancing date. At this time, all eligible cryptocurrencies are ranked by their current market capitalization. This ensures growing or shrinking cryptocurrencies are accurately represented in the overall index.

At any time, if a cryptocurrency is no longer eligible for membership, a replacement is named at the next scheduled rebalancing. The volume-weighted average price (VWAP) for each cryptocurrency incorporates pricing data from over 200 licensed exchanges, weighted by trading volume.

Coincap Market : coinmarketcap Index Administration

The index is calculated and administered by Solactive AG, an independent index provider based in Germany. Solactive develops, calculates and markets indices in multiple asset classes and complies with IOSCO Principles for Financial Benchmarks. The index is owned by CoinMarketCap, an independent, unbiased provider of cryptocurrency pricing with history on over 3,000 cryptocurrencies dating back to 2013. CoinMarketCap is the most trafficked site in the world for cryptocurrency information, with over 125 million people in 2018 relying on CoinMarketCap as the most trusted reference price for cryptocurrencies.

CoinMarketCap calculates market capitalization for each cryptocurrency as “price multiplied by circulating supply.” The circulating supply metric used by CoinMarketCap accounts for locked, reserved or non-saleable coins or tokens that cannot affect the price of a cryptocurrency, and hence are not factored into a cryptocurrency’s market capitalization. Using circulating supply to determine market capitalization for cryptocurrencies is analogous to using public float to determine market capitalization of publicly listed companies.

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Coincap Market live cryptocurrency price

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