Practice Assignment
Start exploring the world of cryptocurrencies by visiting the CoinMarketCap (CMC) website. It has a list of more than 2,500 cryptocurrencies with descriptions of their purpose and market metrics.
A quick overview of the columns on CMC and it meaning:
- #: the list is sorted by the Market capitalization (Market Cap).
- Name: the name of the cryptocurrency.
- Market Cap: Market capitalization refers to the total dollar market value of a cryptocurrency. It is calculated by the following formula: Price x Circulating Supply. If there are 100 coins on the market with a price of $5, then the market cap is $500 (100 x $5).
- Price: the current exchange price of the cryptocurrency.
- Circulating Supply: the number of coins on the market.
- Volume (24h): number of coins traded on exchanges during a given day in a USD value.
- Change (24h): change in price for the last 24 hours displayed in a percentage.
- Price Graph (7d): visualized change in price for the last 7 days in the form of a chart.
Note: We recommend proceeding to the next mini-course to deepen your knowledge about this fascinating technology and financial tool. There is so much more to learn about cryptocurrency and blockchain.
However, if you can’t wait to jump into the practical part and want to buy your first cryptocurrency, click the button below. We prepared a free guide with recommendations and useful links to exchanges, wallets, and tools to use. This is done to save you time on researching trusted and safe resources providing cryptocurrency services.
We can’t wait to show you more about the cryptocurrency world, so see you in the next course!