Cryptocurrency-tracker CoinMarketCap is one of the most popular websites around — both for Blockchain enthusiasts and financially minded folk. Today, the site is celebrating its fifth birthday by launching a (long overdue) iPhone app to help you check the price of Bitcoin and other cryptocurrencies on the go.
For casual Bitcoin watchers, this simple app is the perfect way to get a sense of how the cryptocurrency fluctuates. (You can kick yourself when it skyrockets $US1,000 ($1,326) in a day, and feel relieved that you didn’t invest your life savings when it drops 30 per cent over a week.)
Though there are plenty of other apps that let you check cryptocurrency prices, most of that data actually comes from CoinMarketCap. So, to get a quick sense of the market, it doesn’t hurt to go straight to the source.
That said, CoinMarketCap’s app is pretty basic, and probably not the best option for active cryptocurrency traders. If you’re gambling your fortune on these currencies, you’ll want a more dynamic app like Blockfolio, which can send you alerts when a coin you’re following hits a certain price. (Buy, buy, buy! Sell, sell, sell!)
Getting started with CoinMarketCap
Once you’ve located and downloaded the app, fire it up. One nice feature of the app is that it doesn’t require you to set up any kind of account to view cryptocurrency prices. As soon as you open CoinMarketCap, you’ll see a list of the top cryptocurrencies ranked by their total market value. If you want to sort them differently — by name, price, or changes in value over the last 24 hours — just tap on the “Rank” button.
For more information about a specific cryptocurrency, tap on it to pull up an expanded graph of its value over the last day, week, or month. From here, you can also tap on the star to add the cryptocurrency to your watchlist. Then, tap the “All” button in the top-right corner and select “Watchlist” to remove everything from view except for the coins you actually care about — all the ones turning you into a millionaire, right?