CoinEx’s Upgraded Market Section Covers Everything Essential to Make You A Well-informed Investor

The total market value of cryptocurrencies around the world has now surpassed the circulation of US dollars, and an economy centering on the digital currency system under blockchain finance is emerging. As we can see, this industry is now migrating from traditional finance to blockchain finance.

With the boom of cryptocurrencies such as Bitcoin and Ethereum, a large number of animal coins have become vigorous. Dogecoin and Shib, for example, along with small-cap tokens, have broken records frequently. Amid the ever-lasting market competition, the animal coins have ushered in a golden period this year, compared with the lackluster mainstream coins.

The skyrocketing prices have filled investors’ mind with excitement and even created an illusion as if these tokens would repeat the miracle of Bitcoin. Many investors believe it is the start of another bull market and they hate to miss the boat. Yet some others hold a negative opinion toward animal coins such as Dogecoin and Shib and thus tend to be quite cautious in this regard.

Is the rise of animal coins a precursor to a bull market or the madness before the bubble burst? How long can the concept of animal coins prevail? Despite the staggering increase, investors seem unsurprised. After all, the early days of the cryptocurrency field were full of such tokens that had skyrocketed a hundredfold or even a thousand-fold.

The increasingly diversified market is now embracing a growing number of tokens and derivatives. As the most popular digital currency derivative this year, NFT stands for rare virtual items, such as the ownership of artworks and sports trading cards. Statistics show that total NFT sales in the first quarter of 2021 have gone beyond US$2 billion.

The currency circle is full of fluctuations. After Dogecoin shot up thanks to the endorsement of Elon Musk, hundreds of animal coins such as Shib, Akita, and Pig have emerged one after another, catalyzing a new rush. Related fields have even seen exponential growth in the past few months, taking up an increasing proportion of the entire blockchain ecosystem. Some of these tokens have set records in terms of the daily trading volume. It can be observed that CoinEx users have become quite interested in related crypto assets, as evidenced by the rising trading volume.

Perhaps we need to redefine the bull market. At the same time, the blockchain is undergoing a new revolution, and it is time to take a new look at the current blockchain market. The existing boom of animal coins may be far from reaching its climax, or is possibly vanishing, but the “new concept” tokens enjoying advanced technology and implementation scenarios are likely to be mainstream in the future.

To promote the sound development of CoinEx’s business ecosystem, take a step further towards the vision of “building a world-class encrypted digital asset trading platform”, and at the same time to keep users informed of the latest blockchain market in the first time, CoinEx hereby upgrades the Market section. The details are as follows:

Launch time of the new Market section

May 13, 2021

FAQ

What are the new changes to the Market section?

1.The ranking list

Before the upgrade: There was no ranking list by circulating market value on the Market section.

After the upgrade: A ranking list by circulating market value is introduced to the Market section, in addition to 24h change, 24h value and listing time.

Circulating market value = latest price * total circulation. CoinEx’s ranking list by circulating market value will show the latest circulating market value.

2. The dimension

Before the upgrade: The rankings were displayed in the dimension of the trading market.

After the upgrade: Rankings are displayed in the dimension of coins.

Click on “Coin” to view the detailed information of the specific coin in all trading markets in the drop-down list.

3. Classification

Before the upgrade: The Market section was classified by spot/perpetual, and then selected, USDⓈ market, BTC market, etc.

After the upgrade: The Market section is classified by holdings, selected, and tags such as DeFi, POW and NFT.

Click on “Coin” to view the detailed information of the specific coin in all trading markets in the drop-down list.

4. Coin information

Before the upgrade: There was no graph of the 7-day (price) trend or trading market display in the Market section

After the upgrade: The graphs of the 7-day (price) trend and the corresponding trading market for the coin are introduced

Market trend: You can view the 24h, 7-day,one-month, six-month, 1-year and all-time trends of coin prices and circulating market value.

Trading market: You can view the latest price, 24h value and 24h change of each trading market.