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1  Economy / Service Discussion / Re: coinmarketcap VS worldcoinindex on: January 19, 2018, 08:02:30 PM
Hi,

I have a good experience in both of them. The main different thing is the percentage of worldcoinindex that is showed and reset or restarted from 00:00 UTC.

The second difference is the trade volume from the list of exchange markets, worldcoinindex doesn't calculate or include all/some world major coin exchanges such as "Binance" missing in Bitcoin volume. It means that the trade volume amount in worldcoinindex is fewer than coinmarketcap twice,

As a result, the average price differs from coinmarketcap a little.



The example of worldcoinindex price calculated time reset/restarted:

1. if you live in London, UTC+1 (Time in worldcoinindex will be reset at 1:00 AM London Time m means UTC+1), therefore, it will use the price at this time (UTC 00:00) to compare with every minute price changed of the entire day (24hr) and showing you the percentage has changed from this time. it is totally different from coinmarketcap which is using the last 24hour of that coin to be compared with the current price.
Note: the percentage will be compared with the price at UTC 00:00. London means 1:00 AM (UTC+1), Bangkok means 7:00 AM (UTC+7), Korea means 9:00 AM (UTC+3)

2. The average price of worldcoinindex is calculated from some exchanges not all, coinmarketcap looks cover almost all main exchanges. however the graph in worldcoinindex looks easier to understand the line of the graph.

Normally I see the graph in worldcoinindex .

Hope it help.
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