Since the inaugral launch of the Tangem app, its scope and utility has massively expanded. Once a simple interface for the hardware wallet, allowing users to send and receive cryptocurrency, the Tangem app now consists of a growing suite of tools, integrated services, and features to empower and inform its users. The latest feature is Tangem Markets.
So, if you’re new to cryptocurrencies and Tangem and want to make the most of what we offer, we’ve broken down Tangem Market’s main features to help you get started.
What is Tangem Markets?
Tangem Markets is a feature within the Tangem Wallet app that provides users with real-time crypto market data and insights. It allows users to track live price movements, view trends, and access detailed information about various cryptocurrencies—all within the app.
With Tangem Markets, you can stay informed about market fluctuations and make more data-driven decisions regarding your portfolio. We designed Markets to offer a harmonious, integrated experience, enhancing the wallet’s functionality beyond just storage and simple transactions.
Tangem Market Features
Here’s what Markets have to offer:
Cryptocurrency prices and rating
Tangem Market’s main feature, the cryptocurrency prices and ranking section of the app, is one of the most requested features we added. To access it, simply open the app and log into your wallet. At the bottom of the screen, tap the "Search through the market" bar or pull it upwards.
The price, market capitalization, price change, and chart of the most cryptocurrencies are available at a glance. This information can inform your trade decisions or help you quickly examine a crypto project's health. You can sort this list by rating,trending,experienced buyers top gainers,and top losers. Here's what they mean:
Rating: Cryptocurrencies sorted by market capitalization.
Trending: Cryptocurrencies that are currently gaining popularity.
Experienced Buyers: Cryptocurrencies invested in by experienced buyers.
Top Gainers and Top Losers: Cryptocurrencies with the highest growth or decline over the selected period (24 hours, 7 days, or 1 month).
The top gainers and losers ranking can be a useful time saver if you constantly look for the best and worst-performing cryptocurrencies. The page tracks the best and worst-performing cryptocurrencies over a given time frame.
Regardless of the sorting method, the cryptocurrency's rank, current price, and market capitalization are displayed under its name.
Changing the period (24 hours, 7 days, or 1 month) affects the price growth/decline percentage and the chart.
The list includes all cryptocurrencies from CoinGecko, with a market capitalization of more than $100,000. To see tokens with a lower market cap, select "Show Tokens" at the end of the search list.
By selecting any specific cryptocurrency, you'll find an overview of the asset and its purpose, details about its supply and trading volume, and more. Tangem currently ranks over 13,000 different cryptocurrencies by market cap.
Portfolio management
If you're like most traders, you likely have your eye on several different cryptocurrencies. Adding dozens or potentially hundreds of cryptocurrencies can be daunting, but Tangem Markets simplifies the process.
You can use the Add to Portfolio button to manage any cryptocurrency supported by Tangem Wallet, see your current holdings, buy, swap, or receive that cryptocurrency directly from this page.
Insights
The Insights section in Tangem Markets provides information on market activity to help users make better investment decisions.
It's a snapshot of the crypto market's behavior, making it easier to assess trends over time (24 hours, 7 days, or 1 month). Let's break down each indicator:
- Experienced Buyers: This metric tracks the number of seasoned traders who have made at least 100 outgoing transactions in the last 24 hours. A negative number (e.g., -4,532) indicates a decrease in their participation, which could signal declining confidence or reduced activity by experienced market participants.
- Holders: This shows the net change in the number of people holding the asset in their wallets. A positive number (e.g., +104.4K) means more people are choosing to hold the asset, suggesting growing interest or confidence in its long-term value.
- Liquidity: Liquidity measures the amount of capital available for buying and selling the asset. A higher liquidity figure (e.g., +$83,989.93) indicates greater ease of executing trades without significantly affecting the price, which can signify a healthy and active market.
- Buy Pressure refers to the total volume of buy orders in the market. Rising buy pressure (e.g., +$899.59K) suggests an increasing demand for the asset, potentially leading to upward price movements.
These metrics can give you a valuable perspective on market trends and help you make strategic decisions about buying, holding, or selling an asset.
Metrics
Markets also display financial metrics associated with a cryptocurrency asset. Here’s a breakdown of each term:
- Market capitalization is the total value of a cryptocurrency's circulating supply, calculated by multiplying the asset's current price by its circulating supply. Formula: Market Cap = Current Price × Circulating Supply.
- Trading volume (24h) represents the total dollar value of the asset traded across various exchanges within the last 24 hours. Example: $972.86M indicates that $972.86 million worth of this asset has been traded in the past 24 hours. Trading volume provides vital insight into an asset’s liquidity, market strength, and potential price movements. Learn more about it here.
- Circulating supply is the number of coins or tokens that are publicly available and circulating in the market. Example: 55.57B means that 55.57 billion units of this cryptocurrency are in circulation.
- Total Supply is the total number of coins or tokens, including those not yet released or available in the market.
- Fully Diluted Valuation (FDV) is the total value of the asset if all possible tokens (the total supply) are circulating. The formula is FDV = Current Price × Total Supply.
- Market rating refers to a ranking or rating system that indicates how an asset compares to others in the market, usually regarding market cap.
Price performance
The cryptocurrency landscape changes quickly. Digital assets that were once relatively obscure often climb the ranks to become better known, while even top 10 assets can collapse to almost nothing.
Tangem Markets provides a simple snapshot feature to help you see how the cryptocurrency’s price has changed in 24 hours, 1 month, and all time.
Resources
Tangem Markets also provides quick access to official links such as the website, white paper, social media channels, and blockchain explorers. This is handy for anyone looking to dig deeper into a cryptocurrency's technical details or stay updated with the latest news from official channels.
Conclusion
We've made earning from the crypto market easier by making information more accessible and user-friendly. Our users no longer rely on external platforms for detailed market insights.
With Tangem Markets, everything is readily available—from price tracking to portfolio management, all in the secure Tangem app.
This feature is particularly valuable for users looking for real-time data without switching between multiple apps. In the future, Tangem Markets will include a Newsfeed and a security score for each cryptocurrency.