CoinCodex is an investment tracking platform that focuses on cryptocurrency but also offers features tailored to investors in the stock and forex markets.
CoinCodex is completely free to use, as the platform uses an ad-supported business model and doesn’t hide any of its features behind a paywall, at least for now. The platform is available on both desktop and mobile devices, where you can use it via a web browser or a standalone app.
But is it worth switching to CoinCodex if you currently use popular platforms like CoinMarketCap and CoinGecko? Let’s find out in our CoinCodex review.
CoinCodex at a glance
CoinCodex has been around since 2017, which is quite a long track record considering it is active in the emerging crypto industry. In the time since its launch, the CoinCodex database has grown to over 44,000 cryptocurrencies traded on over 400 exchanges.
This means that no matter how mainstream or obscure your crypto investments are, you can be almost assured that CoinCodex will list all the cryptocurrencies you want to track.
CoinCodex offers multi-language support, currently including English, Spanish, German, Italian and Turkish. Although the US dollar is the default currency for prices on the platform, you can choose to display prices in any currency (including cryptocurrencies like Bitcoin and Ethereum).
The front page of the CoinCodex platform is based on the standard crypto price tracker model, which shows a list of the largest cryptocurrencies ranked by market capitalization. Here you can quickly view important information about each currency, such as the current price, market capitalization, trading volume and circulating supply.
There are also sections showing trending cryptocurrencies (based on internal traffic statistics), top gainers, potentially undervalued cryptocurrencies and more. You can customize this section to include the categories that are most relevant to you.
You can customize the list of cryptocurrencies displayed on the front page via the ‘Customize’ menu. Here you can choose which metrics the site should display, and you can even set conditions to filter out cryptocurrencies that don’t meet specific thresholds in metrics like market cap and volume.
This section also contains some other useful features that allow you to filter cryptocurrencies based on their type. You can exclude crypto assets such as stablecoins and wrapped tokens, which are generally not that interesting from a trading perspective.
There is also the option to quickly create a list of cryptocurrencies that are of particular interest to you, using the “Watchlist” function, directly from the front page. With just one click you can switch between your watchlist and the default front page.
Real-time prices and detailed crypto market data
Going beyond the front page, you can view detailed market data for every cryptocurrency listed on CoinCodex. When it comes to price tracking, you can view a basic line chart or use the platform’s integration with TradingView to access more advanced charting options.
For each listed cryptocurrency, you can track a wide spectrum of metrics, ranging from basic metrics such as price and market capitalization to more specialized metrics such as supply inflation and volatility.
You can also view the trading volume of each cryptocurrency and real-time for specific trading pairs on specific cryptocurrency exchanges. This is useful for finding the most active locations for trading any cryptocurrency.
Resources for crypto investors
CoinCodex has a range of useful tools for crypto investors:
- Inverter: View exchange rates between different assets. Supports crypto to crypto, fiat to crypto and fiat to fiat conversions.
- Price Alerts: Set up alerts to be delivered immediately to your email when a cryptocurrency reaches a selected price.
- Profit Calculator: Calculate profit and loss for different crypto trading scenarios.
- Fear and Greed Index: Track cryptocurrency market sentiment summarized in a single indicator.
- Historical data: View a snapshot of the cryptocurrency market at any date and time since 2010. Data can be exported in a .csv format.
- Portfolio: Track the performance of your investments (supports crypto and stocks).
- Bitcoin Dominance and Total Crypto Market Capitalization: Follow macro crypto market indicators to get a broad overview.
Special cards: Analyze cryptocurrency price movements using special indicators and charts such as the Bitcoin Rainbow Chart and Pi Cycle Top Indicator.
Portfolio tracking
The CoinCodex portfolio tool makes it easy to track the performance of all your cryptocurrencies and stocks in one place. You can track real-time price changes for your investments and view profit and loss data filtered by daily, weekly, monthly or annual intervals.
CoinCodex features a database of over 44,000 cryptocurrencies, so you can add virtually any existing crypto asset to your portfolio.
Another useful aspect of the portfolio tool is that if you use the CoinCodex app, your portfolio will automatically sync between the desktop platform and the mobile app.
The portfolio tracker is one of the few CoinCodex features that requires users to register an account to access. Registration is free.
Crypto price predictions
One of the most unique features of the platform is crypto predictionswhich use CoinCodex’s extensive historical crypto price data to predict future price movements. The predictions are made for different time frames ranging from the next five days to the next two decades.
According to the CoinCodex team, the predictions are algorithmically generated, enhanced by AI, and incorporate historical crypto market cycles into their prediction models.
The predictions use a proprietary algorithm, so there isn’t much information on the platform about how they reach their conclusions. This is something we would like to see improved. Regardless, CoinCodex has established itself as an authority on crypto forecasting as they are a frequently cited source for crypto price predictions.
In addition to the predictions themselves, this section of the CoinCodex platform also contains a variety of technical indicators, including oscillators such as RSI and MACD, as well as important moving averages. These indicators can help investors assess whether an asset is currently overbought or oversold.
Stocks and currencies
Although CoinCodex was originally launched as a platform focused solely on cryptocurrencies, it has expanded beyond just cryptocurrencies and now also follows the stock, forex, goldAnd silver markets. You can add stocks to your CoinCodex portfolio, making it easy to track the performance of all your investments in one place.
At the time of writing this review, CoinCodex only lists information on US-listed stocks, but they are currently working on integrating other global stock markets.
In addition to price tracking, CoinCodex also provides price predictions for both stocks and forex pairs.
Mobile app
CoinCodex has a mobile app for Android that bundles all the key features of the desktop platform into a sleeker experience. If you have a CoinCodex account, the app will sync with the desktop version so any changes you make to your portfolio or settings will appear on all your devices.
We found the app especially useful as a portfolio tracker, because it’s nice to be able to see how your crypto investments are doing on the go.
Unfortunately, the CoinCodex app is currently not available on iOS devices.
Pronunciation
CoinCodex is a versatile investment tracking platform best suited for crypto investors who are also interested in the stock market. Overall, the platform impresses with its huge selection of listed assets, useful tools such as portfolio tracking and exchange rate conversions, as well as detailed crypto market data.
Whether you want simple price tracking or more advanced insights like sentiment indicators and long-term forecasts, CoinCodex offers a surprisingly robust experience for a free platform.
While it still has room to grow, especially due to its limited inventory coverage and the absence of an iOS app, CoinCodex already delivers enough value to make it an attractive alternative to more established competitors.
Source link; https://coincodex.com/