How to Come Up With a Crypto Tracker Application
With the recent upswing in cryptocurrencies’ popularity, staying informed with the most up-to-date information and market insights is becoming ever more crucial for investors. Over the past few years, the worldwide user base of cryptocurrencies has expanded by nearly 190%. The ongoing interest of industry giants like Tesla and Mastercard in cryptocurrency indicates that this trend is poised to persist.
A cryptocurrency tracking application offers a convenient means of staying informed about the most recent developments in the crypto sphere. This tool empowers users to keep tabs on performance metrics and make well-informed investment choices by leveraging real-time data.
Within this article, we shall furnish a comprehensive guide on constructing a cryptocurrency tracking application. Our exploration will extend to the top-performing cryptocurrency tracking apps, delving into their features and capabilities. Additionally, we’ll delve deep into the development process, meticulously dissecting associated expenses.
What is a Cryptocurrency Tracker?
A cryptocurrency tracker application allows enthusiasts to monitor their favorite cryptocurrencies’ versions in real time. Cryptocurrency is gonna become more popular to invest in, so there is a big need for tools to keep track of it. These tools offer real-time data on a range of metrics, including cryptocurrency prices, market capitalization, and trading volumes. Consequently, they equip investors with the essential information needed to make well-informed investment choices. Cryptocurrency trackers also suggest such useful features as:
- portfolio management tools;
- news updates related to the cryptocurrency market;
- alerts for price changes;
- comparison of cryptocurrency prices across different exchanges;
- tracking of multiple cryptocurrencies.
They permit consumers to remain on top of the latest trends & developments in the cryptocurrency world.
The TOP 3 Cryptocurrency Tracker Applications in 2023
Exploring the leading cryptocurrency tracking apps of 2023 will serve as an excellent initial step in comprehending the key elements of a successful tracking application. Our examination will delve into the functionalities and user interfaces of these software solutions.
Coinstats
Coinstats represents a thorough cryptocurrency portfolio tracking application, affording users the capacity to oversee their portfolios, monitor cryptocurrency prices, and remain current with the most recent market news and trends. A notable feature that distinguishes CoinStats is its capacity to seamlessly integrate with more than 300 cryptocurrency exchanges, helping users in consolidating all their holdings within a single interface.
The application suggests many free features. Consumers can access even more by subscribing to the Pro or Premium plans. These plans suggest unlimited exchange & wallet connections. As well as a personal account manager, & alerts.
CoinStats can rightfully be hailed as the premier cryptocurrency tracking app available today. With a user base of 1.2 million and portfolios totaling over $100 billion managed through the platform, its status as a leader in the field is well-deserved.
Delta
Delta stands as another widely-used application for monitoring cryptocurrency prices. It offers a suite of tools for managing investments in not only cryptocurrencies but also various other financial assets. Delta’s comprehensive coverage extends to tracking over 7,000 cryptocurrencies, encompassing popular options like Bitcoin, Ethereum, and Litecoin, as well as lesser-known coins. Its intuitive, visually appealing, and user-friendly interface design has garnered praise from users.
With Delta, consumers can monitor their portfolio balance, view profit & loss metrics, & examine trend graphs for each coin. The application can be synced with exchanges & wallets to give consumers a comprehensive view of their assets. Besides, Delta ensures personalized notices & analysis of trade history & assets. Building unlimited portfolios permits consumers to follow all their investments in one place.
CoinTracking
CoinTracking presents a diverse array of features tailored to both investors and traders. Notably, it offers the generation of tax reports applicable to over 100 countries, affording users the flexibility to select from 13 distinct tax methods. Furthermore, CoinTracking supplies comprehensive charts and trends for a staggering 24,000+ coins, complemented by the availability of professional assistance from cryptocurrency tax advisors.
The application prioritizes security with data and API encryption & 2-factor authentication. It builds and restores trade backups without giving access to your exchanges.
Cryptocurrency Tracker Application Functionality
As stated earlier, the crypto tracker is an application to keep track of cryptocurrency. It ensures consumers with a comprehensive overview of the world of cryptocurrencies. Furthermore, with real-time data on the market, the application also supplies users with historical data & trends. This function allows consumers to make informed solutions about their investments.
News & Analysis
Cryptocurrency tracker applications often supply news & analysis on the latest trends & developments in the market. This can encompass a spectrum of information, spanning from the most recent updates in blockchain technology to an in-depth evaluation of individual currency performance. Such data proves valuable for users seeking to remain well-informed and make pertinent investment choices. Certain applications furnish expert analyses and market predictions. Furthermore, select cryptocurrency tracking apps extend their offerings to include educational resources, aiding users in gaining a deeper comprehension of the intricate realm of cryptocurrency.
Performance Analytics
Performance analytics and tracking tools assist consumers in analyzing the performance of their cryptocurrency portfolios over-time. This might involve standard metrics like Return on Investment (ROI) & portfolio allocation. More advanced metrics, like performance comparisons against benchmark indices, can also be included.
Notifications & Alerts
Consumers have the choice to configure alerts for exact price thresholds, provided they obtain notices when a certain cryptocurrency achieves a predetermined value. Such functionality helps investors to maintain vigilance over their investments & make fast decisions when required.
Portfolio Management
A cryptocurrency tracking application additionally provides users with a transparent view of their portfolio’s performance. Users have the capability to incorporate the cryptocurrencies they possess into their portfolios, and the application will meticulously trace the value of these holdings over time. This feature empowers users to keep a vigilant eye on their investments and make necessary adjustments to their portfolios as circumstances dictate.
Secure Login & Authentication
It is imperative to institute robust security protocols for safeguarding user data and investments within a cryptocurrency tracking app. Ensuring a secure login and authentication process is of paramount importance. It is essential to fortify the defense against unauthorized access to user data and investments. This can be effectively achieved by implementing two-factor authentication or biometric login methods, such as fingerprint or facial recognition.
Integration with Popular Cryptocurrency Exchanges
This integration permits consumers to view their portfolio balances, transaction history, & other appropriate info without the need to change between multiple platforms.
This functionality streamlines the task of managing numerous investments and offers users a single, comprehensive platform for all their cryptocurrency tracking requirements.
Multi-Currency Support
The application should have compatibility with a diverse array of cryptocurrencies, encompassing well-known ones like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). It is crucial to maintain the app’s capacity to stay current with emerging cryptocurrencies as they debut in the market.
Development Costs & Steps
Now, let’s transition to the development process and provide a brief overview starting from the very beginning.
The creation of a cryptocurrency tracking application follows our customary workflow at Stfalcon, encompassing the typical stages: discovery, design, development, testing, release, and ongoing support. Development expenses may commence at $30,000 and may surpass this figure, contingent on the specific set of features you intend to incorporate into your product.
Discovery phase
The discovery phase is an important preparatory stage & a foundation for the entire development process. In this stage, we engage in a comprehensive analysis of the concept, conducting thorough research to ascertain its feasibility, viability, and scalability. The Stfalcon team meticulously evaluates existing solutions, identifies gaps, explores potential market opportunities, and takes into account technical prerequisites and limitations. Our research has revealed that a well-executed discovery phase can result in savings of just under 50% of development costs, a transformative advantage for startups and businesses working within constrained budgets.
Design
The design stage applies to creating wireframes & prototypes. This allows to test & refine of the application’s design & layout before the development stage.
Stfalcon’s designers concentrate on conceptualizing the application’s user interface (UI) & user experience (UX). It provides a seamless & engaging consumer journey. The project team should work collaboratively to ensure that everyone is aligned on the vision & purposes of the project.
Development
Once a foundational design is established, our attention shifts towards the back-end development process. This encompasses the creation of a database for storing data pertaining to different cryptocurrencies and the formulation of algorithms dedicated to real-time tracking and analysis of cryptocurrency prices. In this phase, our engineers take the specifications & turn them into working code that meets the highest standards & can be tested and refined. The back-end functionality must encompass real-time data updates, as well as robust data storage and retrieval capabilities. Prioritizing security measures is crucial to safeguard user data and transactions. Once the integration of the front-end and back-end components of the app is complete, we move on to the subsequent stage.
Testing
Before deploying the application to the store, it’s crucial to totally test it. Early testing is essential for the timely identification and resolution of issues and bugs, preventing them from escalating into more complex and costly challenges down the development pipeline.
The testing process involves both internal & external testing. This phase also encompasses performance testing, which assesses how the software performs under heavy workloads. Therefore, you know that the application can manage a large number of consumers.
After defects are pinpointed, testers collaborate closely with the development team to rectify them, followed by a re-testing phase to verify that the issues have indeed been addressed. This collaborative effort ensures that the software attains the highest quality standards.
Now, the application can be presented to the application store for review.
Release
The release stage represents a pivotal juncture in the software development lifecycle. It marks the moment when the software becomes accessible to the public and starts its real-world usage through a diverse array of distribution channels.
The release process encompasses several significant phases, including documentation and distribution. This documentation encompasses instructional manuals and user guides designed to assist users in comprehending how to navigate the app effectively. Additionally, release notes provide comprehensive insights into any modifications made since the previous release.
Stfalcon always assists their customers in deploying apps to the Google Play & App Store ’cause we know all the ropes of the process.
Support
The support phase is initiated by Stfalcon at the client’s request and may encompass tasks such as bug fixes, issue resolutions, or updates to make the software compatible with emerging technologies. Additionally, there may be a need to introduce new features to enhance the product. Offering continual support is pivotal for the product’s enduring success, as it ensures customer satisfaction and long-term engagement with the software.
Our Experience
SDK for a crypto wallet
Stfalcon is presently engaged in the development of a cryptocurrency tracking application. While substantial strides have been made in our project, we must uphold non-disclosure agreement (NDA) constraints, preventing us from sharing specific details. Our team has dedicated extensive efforts to researching the most recent advancements within the cryptocurrency sector, culminating in a comprehensive understanding of its current state. Concurrently, we are rigorously testing and honing various tracking algorithms to guarantee the app’s precision and trustworthiness. Read the full case study
In The End
In summary, creating a cryptocurrency tracking application presents an exhilarating opportunity for entrepreneurs aiming to tap into the surging interest in cryptocurrencies. The pivotal factor for achieving success lies in remaining abreast of the most current trends and technologies, and in this endeavor, Stfalcon stands prepared to assist you. Regardless of whether you are a startup or a well-established enterprise, incorporating a cryptocurrency tracking app into your product portfolio can prove to be a valuable addition.
As you can notice, we work hard to keep up with the newest techs so that we can supply you with the best result as our customer. Contact us to consult it in more detail.
Originally published at https://stfalcon.com.
