Coingecko bookmarks 7d
Weekly changes in CoinGecko bookmarks
The change in the number of bookmarks over 7 days measures the short-term interest of retail investors. This is the number of people who have added this cryptocurrency to their “Portfolio” section.
- Recent increase: this may be linked to an announcement, a listing, or sudden hype surrounding the project’s narrative. It is often a sign that the cryptocurrency is gaining visibility.
- Decline or stagnation: this reflects a temporary lull in interest, either because the news has died down or because investors are turning to other projects.
If the 7-day increase in bookmarks precedes a price increase, this can be an early indicator of momentum. This is because investors tend to add a cryptocurrency to their bookmarks to compare several cryptocurrencies before making a purchase decision.
If bookmarks decline while the price rises, this may signal a fragile speculative trend, for example, on the part of short-term traders who lose interest in the cryptocurrency because they have placed a very close sell order.
If bookmarks rise while the price falls, this may mean that many investors are waiting for the price to bottom out in order to buy.
Source: calculation performed by CryptoScores based on figures from coingecko.com. Clicking on the figure takes you to the page for that cryptocurrency on CoinGecko.