Free Cryptocurrency Info, Charts & Analysis
Welcome to coinpaper.io, your place for qualitative cryptocurrency and token information, charts, price data and more! Our goal is to make crypto markets accessible to everyone by providing all information you need to make educated investments. We only list coins like Bitcoin and Ethereum that have a large marketcap and are hence already trusted by many investors. Do your own research!
Cryptocurrency Ranking and Score
We do extensive research on all coins and tokens that we list to find all important details about each crypto project. To all information we find, we attach a score that gives you an intuitive value to see whether the information is good or bad compared to other crypto projects on the market.
Crypto Development Info, Charts & Analysis
Besides the information you can find about a project and the market, it is also important to know whether the project is actually being actively developed. Since most cryptocurrencies, crypto tokens or ICOs are open-source, meaning their source-code is publicly accessible, we can run algorithms that analyze whether the team is actually working on the project or whether it is already dead.
Crypto Community Info, Charts & Analysis
One of the most important aspects of cryptocurrency is adoption: Only if a coin has a strong userbasae and people that support it, it can succeed and find adoption in the real world. However, sometimes it is hard to participate in every coins community. Hence, we developed community analysis tools that give you insights how the coins community is developing and growing.
Crypto Newcomer Info, Charts & Analysis
We analyze how many new people hear of a project by monitoring google searches: More people searching for a coin means more new people having heard of the coin for the first time, which means a lot of new, exctited users!
Crypto Sentiment Info, Charts & Analysis
If some crypto project behaves badly, the community will get angry and post negatively about a project. However, if the developers make a lot of progress and the project grows, there will be a lot of exciting posts. For that reason, we scan reddit every day for posts about each cryptocurrency and run machine learning algorithms to analyze the positive/negative sentiment of the post, giving you the insight how people feel about a certain crypto!
Crypto Enthusiasm Info, Charts & Analysis
People that are super involved in a crypto want to talk about it - a lot! People that follow a coin on Telegram get a ton of updates every day and belong to the most active part of the coins community. We analyze how many new members appear in the cryptos telegram channel, allowing you to see the development of the enthusiastic part of the community!
Crypto Price Info, Charts & Analysis
We monitor and analyze the price of each of the top 100 cryptocurrency closels and give you interresting insights about the price development, the price potential and key indicators like all-time-high, volume, market-cap and more.
Crypto Market Cap and ATH
The absolute price of a crypto is not meaningful - it's the marketcap that markes cryptocurrencies comparable. Hence, coinpaper.io offers metrics to compare cryptocurrency market caps between cryptos or tokens.
Coinmarketcap Alternative
Coinpaper.io is a free, open-source and community driven alternative to coinmarketcap.com. The website is developed by a small team and completely open-source, all information can be edited by everyone, making it the most reliable, trusted and insightful competitor to coinmarketcap. Coinpaper is more beginner friendly since it excludes potentially scammy coins from its list and provides deeply researched, well written information articles about each crypto / token.
Coingecko Alternative
Coinpaper.is is an open-source crypto analysis platform that is free to use and a competitor to coingecko. It is developed by indie developers and fully community driven, meaning all information can be reviewed and updated by the large community. Coinpaper is a beginner friendly alternative to coingecko.com since it excludes potential scammy projects from its list and gives each project a score, demonstrating its trustworthyness.
Cryptocurrency FAQ
What are cryptocurrencies?
The term "cryptocurrency" refers to a wide range of digital assets that use cryptographic technology to verify that transactions between participants are valid and follow the rules set forth by the cryptocurrency's protocol. Bitcoin, for example, is built in such a way that users cannot spend the same currency multiple times or produce new BTC coins at will.
How do cryptocurrencies work?
Today, a variety of cryptocurrency designs are in use. The most widely used cryptocurrency is Bitcoin, which secures transactions and verifies all activity on the Bitcoin blockchain through an energy-intensive process known as "mining." Other cryptocurrencies, on the other hand, do not require mining and instead rely on staking or other techniques to obtain consensus on the status of the transaction ledger. Varied coin designs provide different decentralization, scalability, and security trade-offs. The majority of cryptocurrencies are classified as either Proof-of-Work (mining) or Proof-of-Stake (staking) (staking). Bitcoin is an example of a Proof-of-Work cryptocurrency, whereas Polkadot is an example of a Proof-of-Stake cryptocurrency.
What is a blockchain?
A distributed ledger, or blockchain, is a system for tracking transactions. Transactions are recorded in blocks that are generated on a regular basis and connected together using various cryptographic methods. Blockchains are useful for reaching decentralized consensus, in which a large number of people agree on the ledger's accurate state. When a new block is introduced to a blockchain, the data it contains cannot be modified without also modifying all of the previous blocks. Different blockchain designs use various techniques to make this extremely difficult. To add a new block to the Bitcoin blockchain, for example, Bitcoin miners must deploy hardware and conduct resource-intensive operations. The term "blockchain" is a broad one, and there are numerous blockchain designs in use today. Bitcoin was the first practical application of the blockchain architecture.
How is the price of a cryptocurrency defined?
The average of prices on multiple cryptocurrency exchanges is used to compute cryptocurrency prices. Most cryptocurrency exchanges are open 24 hours a day, seven days a week, and allow users to trade between cryptocurrencies and fiat currencies such as the US dollar and the euro. Crypto data aggregators like CoinCheckup collect data from a variety of exchanges to guarantee that their crypto prices are as accurate as possible. Top cryptocurrencies, such as Bitcoin and Ethereum, tend to be priced similarly across exchanges, whereas less popular cryptocurrencies, known as altcoins, with little liquidity, can have larger price differences.
Which currency should I buy?
Cryptocurrencies have a wide range of applications: they can be used as a substitute for fiat currency in regular transactions, traded for profit, utilised in decentralized applications, and so on. What you wish to accomplish with your cryptocurrency will determine which cryptocurrency is ideal for you. Cryptocurrencies can be split into two categories in general. Cryptocurrencies such as Bitcoin and Litecoin are primarily intended for monetary transactions, but Ethereum and EOS are intended to facilitate more complicated decentralized applications (dApps).
Who is the inventor of cryptocurrencies?
Satoshi Nakamoto is widely credited with creating cryptocurrencies. Satoshi Nakamoto is the pseudonym adopted by the Bitcoin creator, but his true identity remains a mystery — it's unclear if Satoshi Nakamoto is a single person or a collection of people. In 2008, Satoshi Nakamoto published the Bitcoin whitepaper, and in 2009, the Bitcoin blockchain was deployed. Many developers and entrepreneurs have been inspired by Bitcoin throughout the years, and have built alternative cryptocurrencies that seek to improve on the original concept.
What is the market cap of a cryptocurrency?
One of the variables we use to compare different cryptocurrencies is market capitalisation, also known as market cap. The key metric for rating cryptocurrencies at CoinCheckup is market capitalization. We also estimate the size of the entire cryptocurrency market by calculating the total crypto market cap.
How is crypto market cap calculated?
The market capitalization of any cryptocurrency is easy to determine. We multiply the price of a single unit of cryptocurrency by the total number of units currently in circulation. Market Cap = Price * Circulating Supply is the formula for estimating a cryptocurrency's market cap. Take, for example, the market capitalisation of Bitcoin.
Let's say the Bitcoin price is $10'000 - that's how much you'd have to spend on a crypto exchange right now to buy one BTC. There are currently $18 mio. Bitcoins in circulation. The market capitalization of Bitcoin then is $180 billion when these two amounts are multiplied.
Why is market cap so important in the crypto space?
Market capitalization is important, but it isn't the only criterion to consider when comparing cryptocurrencies. In general, market cap is a helpful indicator for evaluating the relative size of cryptocurrencies - if Coin A has a market cap of $1 billion and Coin B has a market cap of $1 billion, it means Coin A is more widely adopted and appreciated by the market. However, depending on the precise qualities of the coins we're comparing, it might also indicate that Coin B is undervalued.
Why does the market cap change for some cryptos?
In two scenarios, the market capitalization of a cryptocurrency rises. The first and most straightforward scenario is price appreciation: as the price per unit of a cryptocurrency rises, so does its market cap. A rise in circulating supply is the second possibility. The market capitalization of a cryptocurrency will rise if more coins enter circulation, but this comes with a huge caveat. In a well-functioning market, an increase in supply is expected to lower the price per unit.
What is cryptocurrency circulating supply?
The amount of units that can be traded with is known as the circulating supply of a cryptocurrency. Let's use Bitcoin as an example to explain. There is a hard limit set in the Bitcoin code that states that the maximum number of BTC that can ever exist is 21 million. This is what we refer to as Bitcoin's maximum supply. Bitcoin, on the other hand, is built in such a way that coins must be created or "unlocked" through mining. This procedure will continue until the 21 millionth Bitcoin is minted. The circulating quantity of Bitcoin has been estimated to be around 18.52 million BTC.
What coins are "altcoins"?
The word "altcoin," which stands for "alternative coin," is often used to refer to any cryptocurrency other than Bitcoin. Following the launch of Bitcoin in 2009, tens of thousands of altcoins were established.
Why is bitcoin not an altcoin?
Bitcoin was the first cryptocurrency to be established, and it has dominated the cryptocurrency market cap rankings since its inception. Bitcoin is the most widely used cryptocurrency, with the greatest number of businesses and exchanges supporting it. However, several altcoins have managed to skyrocket in value and now have market capitalizations in the billions of dollars. Ethereum, for example, has evolved to the point where it is no longer considered an altcoin. In general, altcoins include new technology that aren't included in Bitcoin — Bitcoin's basic design remains essentially unchanged since 2009.
What are stablecoins like USDT or BUSD?
Most cryptocurrencies have a significant level of volatility; for example, a cryptocurrency's price could drop 10% one day and rise 20% the next. Several firms have developed "stablecoins" to provide an alternative. Stablecoins are digital currencies that are meant to keep their value constant over time.
This is usually accomplished by backing each stablecoin with fiat currency. A corporation that establishes a dollar-pegged stablecoin, for example, will keep $1 for each unit in circulation and guarantee that $1 may be redeemed for one unit of the stablecoin. As a result, regardless of crypto market conditions, the stablecoin trades fairly close to $1. Tether USDT, the first stablecoin, was created in 2014 and is still the largest stablecoin on the market today.
What is Decentralized Finance (DeFi)?
The phrase "decentralized finance" refers to programs that employ a blockchain platform to allow users to engage in financial services. Users may lend, borrow, and trade cryptocurrency directly from their crypto wallets using DeFi programs. Users do not have to trust their funds to a third party because everything is done through smart contracts on the blockchain. Ethereum is currently the most popular platform for DeFi applications.
Which cryptocurrencies should I buy?
You should purchase whichever coin best meets your requirements. The answer will vary based on your situation - are you purchasing cryptocurrencies as an investment or do you intend to actually use it? Despite the fact that there are numerous ways for investing in crypto, most people who do so put a portion of their money into Bitcoin.
What is the difference between a token and a coin?
A coin is a cryptocurrency with its own blockchain, and it is used to pay transaction fees and carry out basic functions. Coins such as BTC (Bitcoin) and ETH (Ethereum) are examples. Tokens are digital assets constructed on top of existing blockchains. MKR, which is based on the Ethereum blockchain, is an example of a token. USDT, for example, has been issued on numerous blockchains.