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CoinCodex is an investment tracking platform that’s focused on cryptocurrency, but also provides 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 through a web browser or a standalone app.
But is it worth your time to switch to CoinCodex if you’re currently using more popular platforms such as CoinMarketCap and CoinGecko? Let’s find out in our CoinCodex review.
CoinCodex at a glance
CoinCodex has been around since 2017, which is a pretty long track record given that it’s operating in the nascent crypto industry. In the time since its launch, the CoinCodex database has grown to over 44,000 cryptocurrencies trading across more than 400 exchanges.
This means that regardless of how mainstream or obscure your crypto investments are, you can be almost certain that CoinCodex lists all of the cryptocurrencies you’re interested in tracking.
CoinCodex provides multilanguage support, which currently includes English, Spanish, German, Italian and Turkish. While the US dollar is the default currency for prices on the platform, you can choose to have prices displayed in any currency (including cryptocurrencies like Bitcoin and Ethereum).
The frontpage of the CoinCodex platform is based on the standard crypto price tracker model, showing a list of the largest cryptocurrencies ranked by market capitalization. Here, you can quickly see key information about each currency, such as its current price, market capitalization, trading volume and circulating supply.
There are also sections displaying trending cryptocurrencies (based on internal traffic metrics), top gainers, potentially undervalued cryptocurrencies and more. You can customize this section to include the categories that are most relevant to you.
The main section of the CoinCodex frontpage.
You can tailor the list of cryptocurrencies displayed on the frontpage using 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 such as market cap and volume.
This section also has some other handy features that allow you to filter out cryptocurrencies based on their type. You can exclude crypto assets such as stablecoins and wrapped tokens, which typically aren’t too interesting from a trading perspective.
Setting filters to customize the list of cryptocurrencies displayed on the frontpage.
There’s also the option to quickly create a list of cryptocurrencies that are especially interesting to you using the “Watchlist” feature directly from the frontpage. Toggling between your watchlist and the standard frontpage takes just one click.
Real-time prices and detailed crypto market data
Moving beyond the frontpage, you can view detailed market data for any cryptocurrency listed on CoinCodex. When it comes to tracking prices, you can view a standard line chart or use the platform’s integration with TradingView to access more advanced charting options.
Tracking the Bitcoin price with a classic line chart. TradingView charts are available for users who want extra charting features.
For each listed cryptocurrency, you can track a wide spectrum of metrics, ranging from basics such as price and market cap to more specialized metrics such as supply inflation and volatility.
You can also view each cryptocurrency’s trading volume and real-time across specific trading pairs on specific cryptocurrency exchanges. This is useful for spotting the most active venues for trading each cryptocurrency.
Tools for crypto investors
CoinCodex has a range of useful tools for crypto investors:
Converter: View exchange rates between different assets. Supports crypto to crypto, fiat to crypto and fiat to fiat conversions.
Price alerts: Set up alerts that are delivered to your email immediately when a cryptocurrency reaches a selected price.
Profit calculator: Calculate profit and loss for different crypto trading scenarios.
Fear & Greed index: Track cryptocurrency market sentiment summed up in a single indicator.
Historical data: View a snapshot of the cryptocurrency market on 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 cap: Track macro crypto market indicators to get a broad overview.
Special charts: 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 allows you to conveniently track the performance of all your cryptocurrencies and stocks in one place. You can monitor real-time price changes for your holdings and view profit and loss data filtered by daily, weekly, monthly, or yearly intervals.
CoinCodex features a database of more than 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 of charge.
Crypto price predictions
One of the platform’s most unique features are crypto predictions, which use CoinCodex’s extensive historical crypto price data to forecast future price movements. The predictions are provided for various timeframes, ranging from the next five days all the way up to the next two decades.
Existing price data is represented with a blue line, while the forecasted price is represented with a gray line.
According to the CoinCodex team, the predictions are generated algorithmically, enhanced by AI, and incorporate historical crypto market cycles into their forecasting models.
The predictions use a proprietary algorithm, so there isn’t much information on the platform about how they arrive to their conclusions. This is something that we would like to see improve. Regardless, CoinCodex has established itself as an authority on crypto forecasts, as they are a commonly cited source for crypto price predictions.
In addition to the predictions themselves, this section of the CoinCodex platform also includes a variety of technical indicators, including oscillators like RSI and MACD, as well as key moving averages. These indicators can help investors evaluate whether an asset is currently overbought or oversold.
Stocks and forex
Although it originally launched as a platform exclusively focused on cryptocurrencies, CoinCodex has expanded beyond crypto and now also tracks the stock, forex, gold, and silver markets. You can add stocks to your CoinCodex portfolio, which makes it easy to track the performance of all your investments in one place.
At the time of writing this review, CoinCodex only displays information about US-listed stocks, but they are currently working on integrating other global stock markets.
Beyond price tracking, CoinCodex also offers price forecasts for both stocks and forex pairs.
Mobile app
CoinCodex has a mobile app for Android that packages all of the key features of the desktop platform into a sleeker experience. If you have a CoinCodex account, the app is synchronized with the desktop version, so any changes you make to your portfolio or settings are reflected on all your devices.
We found the app to be particularly useful as a portfolio tracker, as it’s nice to be able to see how your crypto investments are doing while you’re on the go.
Unfortunately, the CoinCodex app is currently not available on iOS devices.
Verdict
CoinCodex is a versatile investment tracking platform that’s 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 like portfolio tracking and exchange rate converters, as well as detailed crypto market data.
Whether you want basic price tracking or more advanced insights like sentiment indicators and long-term predictions, CoinCodex provides a surprisingly robust experience for a free platform.
While it still has room to grow, especially with its limited stock coverage and the absence of an iOS app, CoinCodex already delivers enough value to make it a compelling alternative to more established competitors.
Source link; https://coincodex.com/