Worldcoinindex is one of the biggest platforms that can provide users with real-time price info and the latest news updates of over 300-400 cryptocurrencies. So, the makers of this site launched this website in the year 2014 in the hope to bring the users of digital currency together and look for the market data easily. In fact, it has attained a lot of success in providing real-time news as well.
The admins of the world coin index have said in a press release that the index of this site can collect data from over 35 crypto exchanges. In fact, it can also see the major fiat currencies like Euro, USD, Yuan, etc.
It can track the record of 3000 digital currencies and provide their info. For example, the worldcoinindex can tell you the price changes, market capitalization, training volume, and all the integral info about the market prices. In fact, this website can also monitor over 150 crypto markets as well.
The company said that real-time info can be beneficial to people. That’s why they aim to provide that to everyone.
“For traders, real-time quotes can make a difference as even the smallest time discrepancy between a provided quote and the real-time situation can change a profitable trade into a loss”.
How Does This Website WorldCoinIndex Work?
So, the world coin index can measure a digital coin’s performance every few seconds. Thereafter, it can calculate the value using an avg weight price formula. Then, it shows the best-performing and ranks them in order according to the 24 hours trading volume.
Moreover, worldcoinindex can also provide you with the digital asset prices in Bitcoin as well as other fiat currencies. For example, it can provide you with the currencies of US, Canadian dollars, Pound, Euro, Yuan, etc.
How is This Site Different?
So, we know that there are a lot of online data aggregators out there. Those sites can analyze the digital assets and provide the necessary info. However, there are a few differences between those sites and this is where this site shines.
One of the major things that the world coin index does is to provide a ranking of the cryptocurrency. This ranking is based on the 24 hours volume as well. So, the site has a set algorithm that can calculate the volume of the no. of coins traded all over the world.
In fact, on this site, you will get the crypto price charts in the usual time periods. The list of the price change percentage can represent the difference between the last session price and the opening price.
Moreover, this site can also provide you with info on over 800-900 crypto derivative contracts. These contracts can come in categories, such as futures, options, and perpetual.
Furthermore, as we said earlier, it shows the real-time prices and that’s why people have received a lot of help.
Conclusion
In the end, we can say that the worldcoinindex has certainly served its purpose. In other words, it has simplified the process of finding the right crypto exchanges in real-time. Moreover, it has also become the reservoir of digital data for the crypto community.
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