Worldcoinindex In 2024 is precisely what its website indicates it is. It’s an enormous coin index that shows the most recent real-time information on hundreds or even thousands of digital assets.
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What Is WorldcoinIndex?
WorldCoinIndex was established in 2014 and has been providing services to the cryptocurrency community for almost eight years. The cryptocurrency ecosystem remains fragmented due to several exchanges offering inconsistent pricing and transaction volumes; WorldCoinIndex’s primary goal is to streamline the procedure of choosing the appropriate exchange at a suitable time.
More than 7000 cryptocurrency marketplaces, more than 100 cryptocurrency exchanges, and more than 1500 coins can participate on WorldCoinIndex. 13 fiat currencies, including USD, EUR, CNY, GBP, RUB, CAD, JPY, HKD, BRL, IDR, AUD, KRW, INR, TRY, and ZAR, utilized to indicate all values in addition to BTC.
It offers derivatives data:
WorldCoinIndex provides fast access to essential details about each cryptocurrency, such as their website, block explorer, forum, Twitter, Reddit feeds, and pricing information.
The platform has regularly updated its list of cryptocurrency information offers with new trading coins and features. WorldCoinIndex calculates its index using the weighted average price of all cryptocurrencies on all supported exchanges.
Real-time quotation processing is necessary for the cryptocurrency market, which is gradually catching up to the standards of traditional stock and FX markets.
There are comparisons with other services:
For investors, real-time quotes are critical since even a little lag between a published quote and the current market conditions can transform a profitable transaction into a loss. One of the most potent cryptocurrency indexing tools available is WorldCoinIndex, which leverages real-time data to boost its ability to respond quickly and boost profits on investments.
WorldCoinIndex uses the average weighted price method to determine the worth of digital coins by measuring their price performance every few seconds. Next, based on their 24-hour trading volume, the tool ranks the top-performing cryptocurrencies.
How does WorldCoinIndex work?
In addition to 13 main fiat currencies, such as the US and Canadian dollars, the euro, the British pound, the Turkish lira, and the Chinese yuan, the website concurrently displays digital asset values in Bitcoin (BTC).
On WorldCoinIndex, Bitcoin is the only cryptocurrency that is diagrammatic in a variety of fiat currencies. Since Bitcoin is the most well-known and extensively utilized digital currency, every BTC-fiat pair has its own Bitcoin Price Index.
It’s a website focused on cryptocurrency data.Â
The Bitcoin Price Index measures the average price of Bitcoin across major cryptocurrency exchanges in various fiat currencies.
The price indexes for all digital currencies, including Ethereum (ETH) and Tether (USDT), resolved using the Bitcoin Price Index and indicated in BTC.
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Conclusion
Other than helping the underdog—with rivals like CoinMarketCap and CoinGecko, it’s easy to determine who the underdog is in this case—WCI is just a straightforward website with a few flashing, intrusive prompts and ads.
The one neat thing about WCI is that it updates in real time, so you’ll occasionally notice red and green overlays flashing on top of the ticker symbols as you use it.
