Where can I track cryptocurrency prices?

When it comes to cryptocurrencies, investors routinely spend a lot of time searching for the latest token or coin, the one with the most exciting prospects, or the one that's the most undervalued. Savvy investors look to different cryptocurrency exchanges, apps, and services to maximize their investment potential, as well.

But fewer individuals who invest time and money into the cryptocurrency space spend the time to consider the impact that a digital currency price tracker has on their experience.

What Is a Cryptocurrency Price Tracker?

A cryptocurrency price tracker monitors the current value of different digital currencies and tokens. Many of these services also provide historical data as well, allowing users to compare current prices against older values and even to contrast the performance of multiple cryptocurrencies against one another.

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While it may seem obvious, the accuracy of the price tracker an investor uses has a significant bearing on that investor's decisions, as well as on the timing and success of his or her investments. A tracker that is updated consistently in a timely fashion and which uses reliable data in calculating its values is a must.

But there are many other considerations to keep in mind when selecting a cryptocurrency price tracker, including the ease of customer use, the range of digital currencies and tokens covered, and the suite of extra tools and information available.

CoinMarketCap

CoinMarketCap is the cryptocurrency world's "go-to price checker for as long as anyone can remember," according to Bitcoin.com. There are a number of reasons why this site is the dominant force in the field of price tracker services.

The site, which was founded in 2013, is fairly user-friendly, listing the top 100 cryptocurrencies by market capitalization. Each digital currency includes data like current market cap, price, 24-hour trading volume, the circulating supply, the percentage change in value over the previous 24 hours, and a seven-day price graph. For instance, Binance Coin ranked as the 10th largest cryptocurrency as of Jan. 28, 2021, with a market cap of $6.6 billion. It traded at $43.04 on that date with $523.6 million in trading volume. Roughly 90% of its supply was in circulation—154.5 million out of 170.5 million coins.

Information on individual cryptocurrencies includes historical performance charts across various time frames, total supply, and more. Particularly useful is the breakdown of trading pairs, 24-hour volume, and the current price across different exchanges.

Investors can also compare currency prices on multiple exchanges at once, making the determination as to the best option for either buying or selling. What's more, CoinMarketCap also lists lesser-known digital currencies as well beyond the top 100 digital currencies.

Coinlib

CoinMarketCap may be the most recognizable, but there are other digital currency price trackers that offer competitive services as well. Coinlib may be a lesser-known price tracking site, but it does include several useful tools beyond the basic price monitoring system.

Given that Bitcoin remains the most popular and largest digital currency by market cap, Coinlib includes a measure of "Bitcoin dominance" at the top of its page. This figure, along with market caps and a selection of data for each individual cryptocurrency, is updated in real-time.

Coinlib also includes a comparison tool that allows users to view stats on up to four coins or tokens side by side. It also offers the best price explorer to assist investors with identifying arbitrage opportunities and the exchanges which might offer them the greatest value for their buys and sells.