{"id":52966,"date":"2023-10-02T09:51:44","date_gmt":"2023-10-02T09:51:44","guid":{"rendered":"https:\/\/roo2ya.com\/?p=52966"},"modified":"2023-10-01T09:57:20","modified_gmt":"2023-10-01T09:57:20","slug":"crypto-tracking-how-to-track-your-favourite-coins-and-tokens","status":"publish","type":"post","link":"https:\/\/roo2ya.com\/crypto-tracking-how-to-track-your-favourite-coins-and-tokens\/","title":{"rendered":"Crypto Tracking: How to Track Your Favourite Coins and Tokens?"},"content":{"rendered":"
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It is essential for the trader to track its crypto assets as well as the new coming crypto coins and NFTs. Knowing the volatility of the crypto market and being aware of the market scenario is crucial for any trader.\u00a0<\/span><\/p>\n The process of crypto tracking is a bit complex for beginners but with time, one will understand what parameters one trader should consider while trading in the market.\u00a0<\/span><\/p>\n Crypto tracking basically refers to the consistency monitoring of various metrics of a particular coin. Metrics include its price, its market cap, circulating supply and other things. Being informed about all this data helps traders make informed decisions, traders can identify where to enter the market and where to exit the market.\u00a0\u00a0<\/span><\/p>\n The First step is to select, find and get familiar with the trustworthy crypto- tracking platform. Some of the popular crypto tracking platforms are bitDegree, CoinMarketCap, or CoinGecko.\u00a0<\/span><\/p>\n Crypto indicators are the tools used to track coins and NFTs. There are a variety of indicators that help one predict the direction of the crypto coins. Majority of these tools are based on mathematical calculations that are verified by the industry expert.<\/span><\/p>\n <\/p>\n As a pro chef knows his recipes and ingredients, in a similar way a pro trader knows which indicator to use. Though, one side of the coin is understanding them, while the other side of the coin is understanding what role does a trader play and on what indicators a trader should keep eye on. Moreover, a trader should be able to read those indicators not only from the tokenomics angle but also from the trader\u2019s perspective as well.<\/span><\/p>\n First things first, find the market capitalisation (market cap) of the crypto stock. Market cap is used to attain the total value of the crypto currency. That’s why it is also known as total crypto market cap. The market cap of a stock is calculated by multiplying current market price with the total number of coins in supply, circulating supply.\u00a0<\/span><\/p>\nCrypto Analysis Indicator<\/b>\u00a0<\/span><\/h2>\n
Market Capitalization<\/b>\u00a0<\/span><\/h2>\n