CoinMarketCap launches new mobile apps

There’s bad news for hardcore hodlers and phubber spouses. CoinMarketCap, the leading resource for cryptocurrency prices and analysis, has launched a new mobile service that might make it even harder to put down your phone.

CMC unveiled its first Android app this morning, along with a revamped iOS version. Both apps introduce features not previously available in the desktop version, such as price alerts, candlestick charts, and side-by-side crypto comparisons.

The new app also introduces user profiles, allowing users to create and track their own portfolio and watchlists. These profiles can also be synced across devices, making it even easier to obsess over the latest price moves.

These apps will use the same API technology that drives CMC’s desktop site and partner site, says Carylyne Chan, global head of marketing at CoinMarketCap.

CMC: no longer just market capitalizations

The new offerings are likely to paint a broader picture of the state of the market, a significant improvement for a site that previously relied on a one-dimensional metric. As Crypto Briefing has already observed, market capitalization is an extremely imperfect measure for digital currencies, even when it can be calculated with precision.

New offerings are likely to fend off that criticism. “[W]We are actively working on adding new metrics to help users slice and dice volumes – and these will be available both on site and in apps,” Mrs. Chan said. “[O]Our role is not to censor data, but to over-provide data and let users make their own decisions, so this is also the approach we take with volume issues.

In order to fulfill this role, CoinMarketCap seeks to “over-provide” much more data, including new metrics for cryptocurrency projects like website traffic, order book depth, and wallet addresses, to make accurate assessments on specific exchanges.

The new mobile apps are available on the Apple Store and Google Play, as well as on the CoinMarketCap website.