It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
The CoinGecko crypto ranking services has added a new Crypto Derivatives raking to their website. The new CoinGecko Derivatives section features vital metrics for derivatives products such as perpetual swaps and futures. In traditional financial markets, the derivatives market is huge, with the total notional amounts outstanding for contracts estimated at over $500 trillion. The crypto derivatives market holds tremendous potential yet to be realized, so having a tool to help you track crypto derivatives data could really be helpful and CoinGecko is doing a great job providing you with one.
The new Derivatives page offers an overview listing all cryptocurrency derivatives products, first segregated by product type (perpetual swaps, futures, and soon options as well), and then sorted by open interest and trading volume. There is also a handy little chart for you to quickly compare Dominance in terms of open interest and trading volume of each product. After that follows the Derivatives exchange overview that offers an aggregated view of all derivatives exchanges in one table, sorted by open interest. On the Exchanges pages now you also have a Derivatives listing that offers an aggregated view of all derivatives exchanges in one table, sorted by open interest. Also now looking at the profile page for each individual exchange you can see Derivatives data with key metrics such as open interest and trading volume for it.
– To check out the new Crypto Derivatives ranking section on CoinGecko…
If you are looking for a quick and easy overview of the total crypto market cap in USD, as well as what is the current Bitcoin market cap in USD and check how altcoins fare versus Bitcoin in terms of market share you might find Cryptolization to a be a pretty useful tool. There is even a quick check where are cryptocurrencies currently positioned in the S&P 500 index to see how they fare in against some of the largest companies in the world. There is still a lot to be desired from crypto currencies in terms of market capitalization and the potential for growth is really huge, but if you look into the stats you can see that things are moving pretty fast already.
– Check the Cryptolization website for a quick overview of the curent crypto market cap analysis…
According to the data from the website CoinMarketCap that tracks all of the more serious crypto currencies the total market capitalization has just passed the $100 Billion USD mark. Furthermore in less than three months it has risen multiple times from just about $25 Billion to today’s peak of a little over $101 Billion USD with Bitcoin surging shortly to a little over $2900 USD, before getting back down to the $2700 USD range. Many are wondering already when the bubble will burst or if it will at all, as other people are considering Bitcoin and some of the altcoins still being greatly undervalued. For now the craze continues, even with the shortages of GPUs and other mining hardware on the market.
It is interesting to note that Bitcoin (BTC) is responsible for just about the half of the total market cap of crypto currencies, if we take BTC from the equation and look only at all altcoins the number falls down to abut $53 Billion. In the last three months Bitcoin has significantly reduced its dominance in the market cap from over 80% to less than 50% currently. The most significant altcoins gaining in the total market cap at the expense of BTC are Ethereum and Ripple. Although we’ve seen some positive movement with Litecoin, Dash, Monero and some others as well, they are still much smaller compared to the market cap of the top three crypto coins in terms of market cap.