Here is a simple guide to help answer some frequently asked questions about our market data insights.
Which Assets Do You Monitor?
Our platform monitors the top 250 cryptocurrencies by market capitalization. These coins tend to have the most volume and liquidity which make them the best for trading.
With thousands of cryptocurrencies available, this is where most of the money flows through the market. This limit helps filter out lower quality projects and markets with insufficient liquidity.
Volume vs Supply
The Volume vs. Circulating Supply metric shows total volume (or quantity) of an instrument traded versus its actual circulating supply over the past 24 hours in percentage. Instruments with a low percentage of trade volume vs. circulating supply indicates that not much liquidity exists on exchanges and most of the supply is being held in wallets.
For large market cap cryptocurrencies, like Bitcoin, a low percentage of trade volume vs. circulating supply is a bullish indication as it suggests a majority of the supply is being held off exchanges in private wallets. What’s important is that the supply is not concentrated in a small number of wallets as you might find in lower market cap projects.
Sometimes the trade volume can exceed the circulating supply and that indicates not much long term holding interest and wash trading. You will see this with stable cryptocurrencies like Tether.
Circulating Supply
The circulating and total supply of a cryptocurrency is very important because low supply and high demand leads to rapid price increases. In the case of Bitcoin, supply is limited at 21M and the trade supply vs. circulating supply levels are very low. Cryptocurrencies with an “unlimited” supply are often less desirable because, like fiat money, new coins can be minted indefinitely, always able to meet demand.
Another factor to consider is how much of the total supply is on the market. If there is a low circulating supply but a large total supply, that means supply is in reserve and you can expect more to enter the market in the future. When the circulating supply increases, prices tend to go down.
Data is sorted by either lowest circulating supply versus total supply or highest circulating supply versus total supply. Cryptocurrencies with a higher circulating supply vs total supply are more desirable.
All Time Highs
A metric that is most useful in bear markets, the all time high metrics show you how far away current prices are from their historical highs. This helps you determine which cryptocurrencies have suffered the greatest loss and scout the deepest discounts.
The closer a price is to their historical highs, the stronger the current state of a market. Prices that are very far away from the historical highs have suffered great losses, either because of fundamentals or overall market conditions.
Top by Market Cap
This simple metric lists the top 5 cryptocurrencies, sorted by total market capitalization. These are considered the top “blue chip” assets in the crypto market.
Top by Volume
Another simple metric that sorts the top 5 cryptocurrencies by trade volume. Day traders will typically have interest in these coins as they offer the most intraday liquidity.
Top Gainers and Losers (24h, 7d, 14d)
Probably the most popular metrics of them all, the Top Gainers and Loser collection shows which cryptocurrencies have had the greatest price increase or decline over a given period. There are a total of 6 groups: Top Gainers 24H, 7D, 14D and Top Losers 24H, 7D, 14D.
Cryptocurrencies that experience very large movements in a short period of time usually over short term trading opportunities. Day traders may have the most interest in the metrics that show change over 24 hours while swing traders may have more interest in 7 day or 14 day values.