Bobby Ong, the co-founder of CoinGecko recently sat down with Mint.com to give some beginners advice on cryptocurrency and what it is for those who are new to this emerging industry. Check out the first part here if you haven’t read it and check out the original interview here too.
So what would you find by using CoinGecko? Ong’s response might give you some insight:
“CoinGecko is a cryptocurrency ranking website that aims to give a 360-degree overview of the cryptocurrency market. There are now over 500 altcoins in the market, and evaluating each of these coins is time consuming. At the time of writing, CoinGecko collects data for over 200 of the most important cryptocurrencies and benchmarks them against a set of standardized metrics to rank them. In determining the health of a cryptocurrency, we look at developer activity on the open-source repository, community engagement on social media channels, trading volume on exchanges, public interest and market capitalization.
Our efforts in collecting all these data have generated a lot of interest among cryptocurrency traders, coin community members and also university researchers. Traders find our price pages such as the following Dash price page beneficial in looking at historical price charts. Coin community members find the wealth of data that we have insightful in gauging the progress of their favorite cryptocurrencies. University researchers, meanwhile, find the data on our individual coin pages very useful in observing the state of cryptocurrency markets.”
In discussing what the future of cryptocurrency holds, Ong had this to say:
“We are still at the infancy of cryptocurrency and blockchain technology development. There is a lot of experimentation in general because of the permissionless innovation nature of cryptocurrencies,