Providers comparing:

CoinMarketCap and CoinGecko are both popular cryptocurrency data aggregators that provide users with real-time information about the prices, market capitalization, trading volume, and other metrics of various cryptocurrencies. However, there are some differences between the two platforms. One of the main differences is that CoinMarketCap has been around longer and is more established than CoinGecko. CoinMarketCap was founded in 2013 and has become one of the most widely used cryptocurrency data sources in the world. CoinGecko, on the other hand, was founded in 2014 and has gained popularity in recent years. Another difference is that CoinGecko provides users with more detailed information about individual cryptocurrencies, including information about their development activity, community size, and liquidity. CoinMarketCap, on the other hand, is more focused on providing users with high-level data about the overall cryptocurrency market. In terms of user experience, CoinGecko has a more modern and user-friendly interface than CoinMarketCap. CoinGecko also offers a wider range of features, such as portfolio tracking and price alerts, which may be useful for some users. Overall, both CoinMarketCap and CoinGecko are valuable tools for cryptocurrency users and traders. The choice between the two platforms ultimately comes down to personal preference and the specific needs of the user.

Providers how calculate the prices:

CoinGecko calculates the price of a token or coin by taking into account its trading volume across multiple exchanges. The platform uses a weighted average formula to determine the price based on the volume of trades on each exchange. This means that exchanges with higher trading volumes have a greater impact on the final price calculation. On the other hand, CoinMarketCap calculates prices using a similar method but with some differences. The platform also uses a weighted average formula but takes into account additional factors such as liquidity and market depth. This means that CoinMarketCap considers not only trading volume but also how easily an asset can be bought or sold in large quantities without affecting its price.

Accuracy Assessment of FLOW Price Providers