Cryptocurrency prices scraping becoming increasingly popular as digital currencies become more mainstream.
Since cryptocurrency made its entry into the world of digital finance, from the year of 2009, it has only continued to flourish ever since. So far, the world of digital finance has seen a total of 4,000 altcoins other than Bitcoin.
However, cryptocurrency is still considered a highly unpredictable and unprecedented currency, always on a rollercoaster ride. Hence for beginners and inexperienced investors, staying updated with the changes can be a tough nut to crack.
This is where Cryptocurrency prices scraping comes into play.
It is considered one of the most important aspects of investment analysis. The reason is that cryptocurrency market data is precious, with prices changing rapidly and new coins being created all the time.
Let’s take a closer look at the cryptocurrency industry and find out how to get valuable data to make better investment decisions.
What are the Most Popular Cryptocurrencies?
The most popular cryptocurrencies are Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin. These five digital assets comprise the bulk of the cryptocurrency market and have the highest trading volumes.
- Bitcoin is the original cryptocurrency and is still the most well-known. It was created in 2009 by an anonymous person or group named Satoshi Nakamoto.
- Ethereum is the second-largest cryptocurrency by market capitalization and was launched in 2015. It is a decentralized platform that runs smart contracts, which are applications that run exactly as programmed without any possibility of fraud or third-party interference.
- Bitcoin Cash is a fork of Bitcoin that was created in 2017. It has faster transaction times and lower fees than Bitcoin.
- Ripple is a real-time gross settlement system, currency exchange, and remittance network. It was founded in 2012 and is the third-largest cryptocurrency by market capitalization.
- Litecoin is a peer-to-peer cryptocurrency that was created in 2011. It is similar to Bitcoin but has faster transaction times and a different hashing algorithm.
As we already mentioned, when it comes to investing in cryptocurrencies, it is essential to have access to accurate and up-to-date price data. There are a few ways to get this information. The most reliable way is cryptocurrency prices scraping from websites.
Why is it Important to Scrape Cryptocurrency prices?
Web scraping is used but is not limited to in the e-commerce industry to generate marketing and sales leads and track market prices. It helps extract a range of data from different sources and put it right in front of the analysts in a structured way for the purpose of study and decision-making.
For example, Google News scraping can help you track the latest news related to a certain product or brand and make business decisions accordingly. Similarly, Reddit data extraction can be used to track user sentiment about a particular product or brand.
In digital currencies and finance like crypto, web scraping extracts and reads historical data from within the market. So how does one go about cryptocurrency prices scraping? The data you’ll need to scrape cryptocurrency prices is unsurprisingly found on websites.
You’ll want to look for cryptocurrency exchanges and wallets that list their transaction histories. These usually come in the form of extensive data tables, which can be challenging to sift through manually.
However, with the right scraping partner, you can easily extract the data you need in an organized format. That’s how professional traders and crypto lenders use technology to stay updated with all the crypto changes and prices and ensure a keen eye on the entire market.
What are the Best Cryptocurrency Platforms to Scrape?
When it comes to cryptocurrency, there is arguably nothing more important than doing your research. This is easier said than done because there is a lot of online information, and it can be hard to figure out what is real and what is fake.
The research will help you determine which cryptocurrencies to buy and which to stay away from, and it will also make it easier to figure out when to buy and sell.
The best and safest cryptocurrency platforms to scrape the data for further research are:
Coin base is one of the most prominent and popular cryptocurrency platforms used by thousands of crypto investors and users worldwide. It is considered one of the most ancient cryptocurrency platforms to ever exist after launching in 2012.
After a while, it was transformed into a public platform in the year 2021 on Nasdaq. The best thing about Coinbase is that it allows trading with up to 50 different cryptos. Accordingly, Coinbase might be one of the best sources for scraping in your research.
Coinmarketcap.com is one of the most reliable sources of cryptocurrency prices. The website provides an up-to-date list of cryptocurrency prices and market capitalizations. Extra features make it an essential tool for anyone who wants to stay up-to-date on the latest developments in the cryptocurrency world.
It was founded in 2013 and has become one of the most popular cryptocurrency websites. The website is easy to use and navigate, providing a lot of helpful information for users. Thus it is one of the most popular scraping sources for crypto dealers.
Coindesk.com is one of the most popular cryptocurrency news and information website. It covers significant happenings in the cryptocurrency world with minute details. The website has a rich database of resources ranging from prices, charts, market capitalization, etc.
If you are planning to develop a cryptocurrency project, you must have access to accurate and timely data. If you are looking for a hassle-free way to get the data you need, Coindesk.com can be one of you your go-to sources.
Cryto.com is another popular and significant crypto platform that features an option for mobile transactions, and it is also open to numerous cryptocurrencies. Users on this platform can play the crypto game with over 180 cryptocurrencies.
One of the best features of this platform is that it does not come with the requirement of a minimum deposit for investment and trading. Besides that, this platform excludes any transaction or trading fees, making it a reasonably popular one amongst beginners.
The question of how to get the correct data for these alternative investments becomes incredibly important. Many people new to the space are unsure where to start when finding accurate and up-to-date price information.
Cryptocurrency prices scraping can be a great way to get the data you need without relying on centralized exchanges. It can also help you keep track of multiple currencies at once and make better-informed investment decisions.
If you are new to cryptocurrency investing, scraping can be a great way to get started.