CoinGecko leading cryptocurrency data collector and why it’s important for Onooks

CoinGecko was launched in 2014 by TM Lee (CEO) and Bobby Ong (COO) with the aim of democratizing access to crypto data and empowering active conscious users. You dive into the CoinGecko Crypto space to give users a valuable insight into cryptocurrency records as well as publications, newsletters, and more.

What is the CoinGecko?

CoinGecko provides a basic analysis of the digital money market. In addition to pricing, volume, and market capitalization, CoinGecko monitors community growth, open source development, major events, and chain metrics.

In traditional markets, high volume exchange is equivalent to high liquidity. In the crypto market, however, high-volume exchange is not necessarily equivalent to high liquidity. This is because many unregulated exchanges engage in laundry trading and other maneuvering activities to increase their trading volume.

As a leading cryptocurrency data collector, CoinGecko is committed to doing what it can to empower information users to make better informed decisions. We are well aware that the market is demanding transparency and CoinGecko is committed to improving this.

What are the future plans of CoinGecko?

With Coingecko’s completely free APIs, free listings for projects, exchanges and much more, they plan to continue to provide excellent service to the crypto community.

Coingecko Methodology.

CoinGecko provides different data on different encryption sets. All data received / queried from different sources will be provided by various CoinGecko algorithms that verify the integrity of the data. This is how CoinGecko calculates and evaluates various parameters.

CoinGecko Trust Score

• Liquidity
• Scale of operations
• API coverage

Coingecko Trading Pairs

For each CoinGecko trading pair, the confidence score is calculated as:

• Web traffic statistics on an exchange (by similar web)

• Order book spread and 2% depth

• Total trade volume

• Trade frequency

• External checks

What will CoinGecko do next?

The current iteration of CoinGecko “confidence points” places a strong emphasis on liquidity parameters. This is a step-by-step approach to improving the transparency of exchange data. As the first data collector to implement Exchange Data Analysis, CoinGecko sets the tone that any fraudulent or counterfeit data will no longer be tolerated.

Going forward, it adds another dimension to our “confidence score” to improve its robustness. Below are some of the data they will continue to monitor over the next few months.

• Trade history analysis

• API quality analysis

• Cyber Security analysis

• Hot & Cold wallet analysis

• Social Media analysis

• Exchange support turnover time

• User Reviews

• Licensing & Regulations

Coingecko Price (Cryptoasset)

The price of a cryptocurrency is calculated based on the number of pairs available and collected by Coingecko from various exchanges for a specific crypto set. The price shown in Coingecko for a specific cryptocurrency set is calculated using a global average volume weight.

Trading Volume (Global)

The global 24-hour volume (top of the website, below the menu bar) is the sum of the trading volumes of all exchanges observed by CoinGecko.

Coingecko Market Capitalization (Cryptoasset)

The market capitalization of a cryptocurrency is calculated by the following formula:

• Current cryptoasset price in USD

• Available supply of an asset

How can use the market cap?

The market limit allows you to compare the total value of one cryptocurrency with another as a financial metric. Large-cap cryptocurrencies such as Bitcoin and Ethereum have a market value of over $ 10 billion. They usually consist of projects that show document types, have high liquidity in exchanges, and are less volatile compared to medium and small cap cryptocurrencies. Although market value is a simple and understandable comparative criterion, it has major shortcomings. Some cryptocurrency projects seem to have inflated market values ​​through price changes and their supply signals. Therefore, it is best to refer to these metrics with these metrics such as trade size, liquidity, fully diluted appraisal and basics in your research process.

Cryptocurrency Prices by Market Cap

The global cryptocurrency market cap today is $2 Trillion, a 5.0% change in the last 24 hours. Total cryptocurrency trading volume in the last day is at $128 Billion. Bitcoin dominance is at 43.5% and Ethereum dominance is at 18.8%. CoinGecko is now tracking 8,886 cryptocurrencies. Popular trends of the industry right now are Deft and Play to Earn.

Top 100 DeFi Coins by Market Capitalization

DeFi or Decentralized Finance refers to financial services that are built on top of distributed networks with no central intermediaries.
DeFi crypto market cap for today is $113,907,816,851.21 with a total trading volume of $8,136,899,025.55 in the last 24 hours.

Onooks CoinGecko USD Chart

OOKS to USD rate for today is $0.371221. It has a current circulating supply of 10.1 Million coins and a total volume exchanged of $142,822.

Onooks USD (Historical Data)

Onooks price chart

1 Onooks	=	BTC 0.0000079886267
1 Onooks	=	ETH 0.00011491145
1 Onooks	=	LTC 0.0020970434
1 Onooks	=	IDR 5320.67
1 Onooks	=	TWD 10.31
1 Onooks	=	EUR 0.314114
1 Onooks	=	JPY 40.65
1 Onooks	=	AED 1.36
1 Onooks	=	AUD 0.502591
1 Onooks	=	BHD 0.13974107
1 Onooks	=	GBP 0.267409
1 Onooks	=	INR 27.51
1 Onooks	=	NZD 0.526465
1 Onooks	=	PKR 60.96
1 Onooks	=	BDT 31.392477
1 Onooks	=	BMD 0.37076142
1 Onooks	=	CAD 0.46392
1 Onooks	=	HKD 2.89
1 Onooks	=	DKK 2.31
1 Onooks	=	HKD 2.85
1 Onooks	=	ILS 1.18
1 Onooks	=	MYR 1.55
1 Onooks	=	THB 12.2
1 Onooks	=	UAH 9.7752243
1 Onooks	=	USD 0.366313
1 Onooks	=	PLN 1.42