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Title - Crypto-Currency Tracker

The document describes a proposed crypto-currency tracker that would help users monitor and analyze various cryptocurrencies. It discusses the motivation for such a tracker due to the growing number of cryptocurrencies and volatility in the market. The objective is to develop a portal that allows users to add currencies to a wishlist, monitor prices and other data in real-time, search currencies, sort currencies by different parameters, view detailed information on individual currencies, and compare two currencies. It also reviews related work on other crypto price tracking tools and their features. The overall goal is to provide users an easy-to-use one-stop solution to aid in their crypto investment decisions.

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Rishabh Mishra
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0% found this document useful (0 votes)
71 views15 pages

Title - Crypto-Currency Tracker

The document describes a proposed crypto-currency tracker that would help users monitor and analyze various cryptocurrencies. It discusses the motivation for such a tracker due to the growing number of cryptocurrencies and volatility in the market. The objective is to develop a portal that allows users to add currencies to a wishlist, monitor prices and other data in real-time, search currencies, sort currencies by different parameters, view detailed information on individual currencies, and compare two currencies. It also reviews related work on other crypto price tracking tools and their features. The overall goal is to provide users an easy-to-use one-stop solution to aid in their crypto investment decisions.

Uploaded by

Rishabh Mishra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 15

Title – Crypto-Currency Tracker

1. Introduction

Crypto - Currencies is one of the most new mode of transaction which human is
witnessing . Crypto – Currency is totally digital based currency which does not have any
physical bond with any sort of government that’s why referred as a decentralized
currency .
The digital payments we now-a-days doing is a paper backed currency , that is it not
totally in digital form there is some physical money out there bound to government on
the behalf of which the a digital amount is generated. And this makes the difference
between the a paper backed currency and the digital currency.

In recent days due to various fluctuation in government polices and unstable


governments leads to downgrade the credibility of the government and hence reducing
the value of conventional currencies. These factors leads to the need of a government
independent currency system. And here crypto currency came into play.
These factor contributes to the increase in the value of the crypto currency and
attracting the invester to invest in it.

Recent innovations have made it feasible to transfer private digital currency without the
intervention of an institution. A digital currency must prevent users from spending their
balances more than once, which is easier said than done with purely digital currencies.
Current digital currencies such as Bitcoin use peer-to-peer networks and open-source
software to stop double spending and create finality of transactions. This paper explains
how the use of these technologies and limitation of the quantity produced can create an
equilibrium in which a digital currency has a positive value. This paper also summarizes
the rise of 24/7 trading on computerized markets in Bitcoin in which there are no brokers
or other agents, a remarkable innovation in financial markets. I conclude that exchanges of
foreign currency may be the obvious way in which use of digital currencies can become
widespread and that Bitcoin is likely to limit governments’ revenue from inflation.[3]

1.1 Motivation -

Humans witnessed the several modes of payment varies from Barter system to various
physical money and then to virtual money , our methods of payment and settlement
changed. Recently we are witnessing transition of physical money backed digital
payment to virtual money payment.
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Crypto-Currency is a type of virtual currency with huge potential . Since it is a
decentralized currency therefore reliable and have huge potential to grow therefore it is
one of the most attractive asset to invest in. But the problem is , there are a number of
crypto currencies available in the market . The end goal of crypto currency investors and
bitcoin traders is to build their portfolios by growing the value of their investments. So,
which one to buy. Our proposed model will help the users to decide it.

1.2 The Problem Statement -

Cryptocurrencies retain to attract a variety of interest from investors, entrepreneurs,


regulators and the overall public. There are public discussions of crypto currencies
worldwide because of frequent changes in their prices time to time. Lot of people are
investing in different crypto currencies these days and the return of investment definitely
makes it worth. Crypto currencies and behavioral financial and economical.

But what are those factors which makes the Crypto-Currency trading tough:

• Trading of Crypto – Currencies is one of the most complex processes especially


for a newbie.
• Lack of proper data and information is a big obstacle to it.
• There are a number of Crypto – Currencies available in the market.
• Highly volatile market asks for extra attention towards the statistics.
• Lesser number of portals available for providing a one-step solution for the data
with easy user understandable interface

Acquiring data is critical to diminish vulnerability. The force of the web look for digital
money related watchwords fundamentally influences digital money instability. While we
remain to a great extent freethinker with respect to what individuals discover when they
look for digital money related terms on the Internet, the occasions give us a sign of the
sort of data that really matters for cryptographic money venture choices, and
subsequently for evaluating.

2
1.3 Objective

Our proposed model is a Crypto-Currency Tracker which would help the user to track
the currency growth with passage of time . And user would be able to choose the best
investing option.
• The user will be able to select a number of currencies in the wishlist and can have a
close monitoring on some of his favorite Currencies.
• The portal will be updated in real time which would so that the user can get most
recent updates.
• We get all of the data from a public API.
• The searching option would be helpful to search any Currency Directly.
• The currencies could be sorted on the basis of different parameters.
• The details of the particular currencies would be in separate portals for better detailing.
• The two currencies can be compared with each other along with single separate views.

2. Related works

This section will discuss how the statistics of crypto currencies are evaluated in the past
by other researchers. There are several web applications as well as android applications
that are used widely to check the statistics of different crypto currencies for a period of
time.

Investors spend a significant amount of time attempting to hunt down the newest coins
in order to find the cryptocurrencies that are either the most interesting or the least
priced. There is a diverse selection of cryptocurrency exchanges, apps, and other
services available to accommodate the requirements of investors who wish to maximize
the return on their investments.

It's possible that using a digital currency price tracker will make or break your
experience trading cryptocurrencies, yet just a small percentage of people who trade
cryptocurrencies are aware of how important it is.

The websites and services for price monitoring that are utilized the majority of
frequently are listed below.

A tracker of the price of bitcoins evaluates their value. Consumers are able to compare
prices because to the historical data provided by many of these websites. Some of these
platforms provide a function that allows users to compare the value of various
cryptocurrencies. [1]

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The accuracy of the price tracker that an investor employs will have an impact on their
judgements, the timing of their investments, and the level of success they experience
with those transactions. It is crucial to have trackers that are reliable in their data and are
often updated. When selecting a cryptocurrency price tracker, it is important to take into
consideration how easy it is to use, the variety of digital currencies and tokens that are
supported, as well as the additional tools and information that are provided.

Coin Market Cap has been referred to be the "go-to price monitor" for cryptocurrencies
by Bitcoin.com. This website is the undisputed leader among services that track prices
for a number of different reasons [2]. This webpage from 2013 compiles a list of the top
100 cryptocurrencies based on their combined market capitalization. The market
capitalization, price, 24-hour trading volume, circulating supply, 24-hour value change,
and seven-day price graph for each digital currency are shown.
As of September 4, 2021, the market value of Binance Coin was around $83.3 billion.

At that time, it had a market value of $497 billion. There are now 168,137,036 coins in
circulation. Each cryptocurrency's historical performance data, total supply, and other
relevant statistics are readily available. Trading pairs, the volume traded in a 24-hour
period, and the current price across exchanges are all valuable pieces of information. For
the purpose of making the most profitable purchase or sale decision, investors can
research currency prices on a number of exchanges.
CoinMarketCap contains digital currencies that aren't as well-known (those beyond the
top 100 digital currencies). There are several price monitors in addition to
CoinMarketCap for cryptocurrencies.[4]

Coinlib is a less well-known price tracking service, but it does have some useful
capabilities to offer its users. Given that Bitcoin is now the digital currency with the
highest market capitalization and the most users, Coinlib has included a "Bitcoin
Dominance" indicator at the very top of its website. This statistic, as well as market
capitalization and cryptocurrency data, are refreshed every minute in the same manner.
A tool that can compare up to four different tokens or currencies is included in Coinlib.
It includes a price explorer that assists investors in locating exchanges that provide the
best buy and sell prices as well as arbitrage possibilities. [4]

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Year Author Paper Name Description Conclusion
2022 Saransh Bhardwaj, International The widespread use of The project distinguishes out
Sankalpa Basu, Research Journal cryptocurrencies is expected to from others in its field due to
Mridul Pal[1] of result in increased regulation the intuitive nature of its
Modernization and scrutiny from governments, graphical user interface as well
in Engineering which will eventually as its capacity to precisely
Technology and undermine the fundamental monitor the operation of crypto
Science concept behind these currencies. currency exchanges in a matter
Although an increasing number of milliseconds. In addition to
of merchants now accept that, the inclusion of a few
cryptocurrencies, those who do extra intricate functionalities to
so remain a minority. Obtaining the project in order to provide
customer acceptability is more in-depth facts pertaining
essential for the further growth to the various
of the cryptocurrency market.. cryptocurrencies.
[1]

2022 Fan Fang, Carmine Cryptocurrency This paper provides a Research distribution among
Ventre1, trading: comprehensive survey of 146 properties and
MichailBasios, a comprehensive cryptocurrency trading papers, categories/technologies are
Leslie Kanthan, survey across diferent academic analysed in this survey
David disciplines such as fnance and respectively.
Martinez-Rego , economics, artifcial intelligence
Fan Wu and and computer science. The survey represents a quick
Lingbo Li.[2] Some papers may cover way to get familiar with the
multiple aspects and will be literature on cryptocurrency
surveyed for each category. This trading and can motivate more
paper analyses the research researchers to contribute to the
distribution, datasets and trends pressing problems in the area,
that characterise the for example along the lines we
cryptocurrency trading have identifed.
literature.[2]

2021 PAUL The psychology Crypto-currency trading is a Crypto trading is a rapidly


DELFABBRO1p , of rapidly growing form of growing activity that is likely to
DANIEL L. cryptocurrency behavior characterised by receive increasing mainstream
KING2 and trading: Risk and investing in highly volatile acceptance over the next few
JENNIFER protective digital assets based largely on years.
WILLIAMS3.[4] factors blockchain technology Opportunities exist to profile
The paper examines potential the distinct risk factors that
protective and educational differentiate crypto trading from
strategies that might be used to other similar activities (day
prevent harm to inexperienced trading and online sports
investors when this new activity wagering), but also to identify
expands to attract a greater protective factors that can avoid
percentage of retail or the development of the various
community investors.[4] harms that might arise when
large numbers of inexperienced

5
investors enter the market ..
2018 VarylLytvyn, IEEE 13th System of integration and Cryptocurrency it is a type of
Volodymyr International content formation taking into currency that allows to transfer
Kuchkovskiy, Scientific and account the cryptocurrency coins from one client to another
Victoria Vyrotska, Technical consumer needs imports courses without intermediaries using an
Oksana markiv. [3] Conference on from cryptocurrency trading open key as a purse address and
Computer exchanges and exchangers. The a private key to access an open
Sciences And method is based on the address Therefore, nowadays it
Information algorithms of forecasting and is relevant to develop various
Technologies constructing of the information approaches to the
corresponding graphs. It should cryptocurrency and the updating
also support the aggregation of of the mechanisms of
information from social media integration and the formation of
such as Twitter. Import of news content taking into account the
related to cryptocurrency. cryptocurrency needs of the
System based on this method user
should be optimized for search
in search engines and services
and distributed by servers.[3]

Fig.1. From: Cryptocurrency trading: a comprehensive survey[2]

Cryptocurrency Trading Publications (cumulative) during 2013–2021(June


2021)

6
Fig. 2 Total market capitalization and volume of cryptocurrency market, USD
(TradingView2021) [2]

3. Methodology

The steps of a Crypto- Currency tracker :


• Designing of the user interface.
• Analysis of different APIs and finding the suitable API as per the requirement.
• Finalizing the API and connecting it to the interface.
• Fetching the data and from the API and Displaying the data in the interface.
• Designing the backend and setting up of the database.
• Connecting the Backend with the front end.
• Testing of the final system.
• Review of the system.

7
USE Case Diagrams:

1.User interaction with the interface:

8
2. Function of both the actors:

Basic Structure of the system:

9
Technology used:

HTML:
HTML stands for Hyper Text Markup Language. HTML is the standard markup
language for creating Web pages. HTML describes the structure of a Web page.
HTML consists of a series of elements. HTML elements tell the browser how to
display the content.

CSS:
Cascading Style Sheets (CSS) is a stylesheet language used to describe the
presentation of a document written in HTML or XML (including XML dialects
such as SVG, MathML or XHTML). CSS describes how elements should be
rendered on screen, on paper, in speech, or on other media.

JAVASCRIPT:
Javascript is used by programmers across the world to create dynamic and
interactive web content like applications and browsers. JavaScript is so
popular that it's the most used programming language in the world, used as a
client-side programming language by 97.0% of all websites

Material UI:
Material-UI is simply a library that allows us to import and use different
components to create a user interface in our React applications. This saves
a significant amount of time since the developers do not need to write everything
from scratch.

React.js:
The React. js framework is an open-source JavaScript framework and library
developed by Facebook. It's used for building interactive user interfaces and
web applications quickly and efficiently with significantly less code than
you would with vanilla JavaScript

Nodejs:
Node. js is best defined as a JavaScript runtime that works on the famous and
ultra-powerful V8 engine by JavaScript. In simpler terms, Node. js can be
defined as a programming language that works well as a development runtime.

Firebase:

10
Firebase is a Backend-as-a-Service (BaaS) app development platform that
provides hosted backend services such as a realtime database, cloud storage,
authentication, crash reporting, machine learning, remote configuration, and
hosting for your static files.

4. Expected Results

Once the project will be completed we are expecting that the proposed model will show
accurate and precise results on tracking the various crypto currencies like Bitcoin,
Etherium , Dogecoin etc .

Due to this our users who are constantly trying to fetch data about today’s market in
crypto currency can easily see the rise and fall of such currencies .User can also
experience great investments in these currencies and after seeing the past results they
easily choose their best alternative to be invest or buy on.

In our web application the use of new technologies like react.js ,material UI ,
firebaseattracts the most of the users of this society. The web page is designed in such a
manner that user can locate the exact market rise via graphs , charts and many more
articles .

This was about only for the front end part of our project and after this we also allow the
user to recored data after logging in our application . The user’s data will be stored in
our application in more secure manner so that the user can easily see their past recoreds
and investments.

We are also trying to underline the priority of users and their aspects about the
application .

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5. Plan of work

In November 2022

• The project work started with the understanding of the procedure and analysisof the
requirements.

• Figuring out the field of interest on which we want to pursue the projects.

• We go through the research/survey paper to have a broader understanding of the


research work done so far in the field.

In December 2022

•Finalize the problem and deciding which platform is to be used that we want to solve
and start preparing for that purpose.

In January 2023

• We started with the implementation the technologies which are to be used


inourproject , started Designing the user interface and documentation of the early results
.

• Finalizing the implementation to a presentable format and then documenting the report.

In February 2023

• Connecting the API and testing its proper functioning.

In March 2023

• Designing the Backend of the for the application and testing .

In April 2023
•Functional testing and debugging .
•Review of the project.

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Gantt. Chart:

Plan of work can be represented by the below Gantt Chart

13
6. Conclusion

The main objective of the proposed system is to track the market value of various
cyptocurrencies with passage of time.
The growth of the Crypto currencies will be depicted by the help of graphs which will
help the user to get the best suited currency for the investment.
Ultimately the investor will be able to plan the best investing strategy and sequence for
maximum profit.

14
References

[1]. A RESEARCH ON CRYPTO CURRENCIES PERFORMANCE TRACKER


AND DATAVISUALIZATION APP Saransh Bhardwaj*1, SankalpaBasu*2, Mridul
Pal*3 *1,2,3Student, Department Of Computer Science, School Of Computer Science
Engineering (Scse), Galgotias University, Gautam Buddha Nagar 203001, India.

[2]. Cryptocurrency trading: a comprehensive survey Fan Fang1,2*, Carmine Ventre1


,Michail Basios2 , Leslie Kanthan2 , David Martinez-Rego2 , Fan Wu2 and Lingbo Li2*

[3]. 2018 (CSIT)Conference Location: Lviv, Ukraine IEEE 13th International


Scientific and Technical Conference on Computer Sciences And Information
Technologies

[4]. PAUL DELFABBRO1p , DANIEL L. KING2 and JENNIFER WILLIAMS3 The


psychology of cryptocurrency trading: Risk and protective factors15

15

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