Ranking of Cryptocurrencies

Posted on 2024-07-26 Updated on 2024-07-29

The Coin Ranking is part of the EdaFace Listing Platforms: https://listing.edaface.com/.

When you click on the EdaFace Listing Platform, the homepage that opens is the Coin Ranking arena.


Display Arena

The Coin Ranking is the platform for the display of all listed cryptocurrencies. Presently, there are about 2000 cryptocurrencies on display, and many more will be listed very soon.


The Anatomy of the Coin Ranking Platform: First Page

The FIRST PAGE of the Coin Ranking arena displays all the crypto coins and tokens on EdaFace.

Each displayed cryptocurrency bears the following parameters:

• EdaFace Rank

• Name of Crypto

• Crypto Symbol

• Current Price

• Circulating Supply (also called Available Supply)

• Market Capitalization

• 24-hour Trade Volume

• 24-hour Price Change


EdaFace Rank

All listed cryptocurrencies on the Coin Ranking arena of the EdaFace Listing Platform are ranked according to their market capitalization.


Thus, Bitcoin with the largest market capitalization is ranked number one, followed by Ethereum with the second largest market capitalization, etcetera.


Basically, there are two kinds of Market Capitalisation:

(a). Diluted Market Capitalization

(b). Undiluted Market Capitalization

Click here for more on the Market Capitalisation.


Since undiluted market capitalisation is the true reflection of the market dynamism of a crypto project, EdaFace Ranking is based on undiluted market capitalisation.


Market Overview

At the Top of the First Page of the Coin Ranking arena is the Market Overview, which displays the following parameters:

• Total number of cryptos on the platform

• Total Market Capitalization

• Total 24-hour Traded Volume

• Bitcoin Market Capitalization

• Bitcoin Market Dominance

• Ethereum Dominance

• Eda Coin Price and Dominance


Prices in Different Fiat Currencies and Cryptos

The unique thing about the Coin ranking arena of the EdaFace Listing Platform is that you can view the prices of cryptocurrencies in other currencies besides the US Dollar.


To view the prices of cryptocurrencies in other currencies, tap on the icon at the top right corner of the page.


Multi-Linguistic Platform

Like other EdaFace Platforms, the Listing Platforms, which include the Coin Ranking arena, are multi-linguistic. That means you can change the platform to any language of your choice by simply tapping on the icon at the top right corner of the page.


Search Button

There is a button that enables you to search for a cryptocurrency by its name, symbol, or rank.


Filter Button

There is a button that enables you to filter our cryptos in the following groups:

(1). Coin Categories, which are:

Gamecoins

Memecoins

Smartcoins

Stablecoins

Tradocoins

Nonfungible tokens

Artifcoin


(2). Blockchain Consensual Algorithms, which are:

Proof of Work (POW)

Proof of Stake (POS)

Delegated Proof of Stake (DPOS)

POS-POW Hybrids

Others, e.g. Proof of Authority (POA), DAG


The Anatomy of Coin Ranking Platform: Second Page

When a user clicks on each listed cryptocurrency, the following parameters will be displayed:

(1). EdaFace Rank of the crypto


(2). Price Chart View

This will display beautifully coloured charts. That is, the Price Chart View gives a visual picture of the price movement of crypto over a specified time. Such visualisation of price will enable you to make informed decisions before, during or after trading a crypto.


Three different charts are available for each crypto on EdaFace. That means you have a variety of choices in your trading, which is the unique feature of EdaFace, and you cannot see this format on other crypto trading platforms.


The three different charts are:

(i). Japanese Candlestick

This is a variation of the bar chart but in a prettier, graphic format.

A Candlestick pattern appears as a series of columns well displayed with each candle representing a trade – a sell or buy – at a specific time.


To make it easy for a trader to differentiate a sell from a buy trade, the candles are displayed in two distinct colours – sell candles often appear in red or purple while buy candles are usually blue or green.

Note you can easily change the colours to any type he likes.


(ii). Bar Chart

This is a bar graph, which is a type of graph plotted in columns in which each column (often plotted vertically) represents the opening and closing price of a currency trading pair in a given time.


(iii). Line Chart

This is simply a line graph that runs across a chart surface and may not give much information, especially to a newcomer to the Crypto Market.


(3). Trade Volume Histogram

At the bottom of the Price Chart View, there is a histogram that shows the volumes of trade of the listed crypto per time.


The histogram appears in two colours just like the Japanese candlesticks. A red or purple colour often depicts a sale while a blue or green represents a buy.


(4). Market values

For each crypto, the following information about market values is displayed:

(a). Current Price

(b). 24-hour High

(c). 24-hour High

(d). 7-day High

(d). 7-day Low

(e). All-time High

(e). All-time Low

(f). Circulating Supply

(g). Market Capitalization

(h). Trading Volume

(i). Market Dominance, etc.

(j). Return on Investment (ROI) – calculated from the date of the crypto listing.


(5). Brief Data of the Crypto

A brief description of the crypto is displayed showing:

(a). commencement date, e.g. listing date

(b). official website

(c). whitepaper

(d). contract address

(e). use cases

(f). Project Team

(g). GitHub

(h). Blockchain type

(i). Social platforms


(6). A Calculator

A Calculator that helps a trader compute how much to spend when buying or selling a cryptocurrency.


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