Professional Documents
Culture Documents
Technology
Panjab University, Chandigarh
PROJECT WORK
CRYPTO-CURRENCY LIVE PRICE CHECKER
Cryptocurrency price trackers should use reliable data and consistently update
their data.
CoinMarketCap is the industry's most popular and recognizable cryptocurrency
price tracker; other trackers include Coinlib and Bitgur.
Software Required
• Jupyter ,Binance
This Python framework provides an interface to the Tk toolkit and works as a thin object-oriented
layer on top of Tk. The Tk toolkit is a cross-platform collection of ‘graphical control elements’, aka
widgets, for building application interfaces.
This framework provides Python users with a simple way to create GUI elements using the widgets
found in the Tk toolkit. Tk widgets can be used to construct buttons, menus, data fields, etc. in a
Python application. Once created, these graphical elements can be associated with or interact with
features, functionality, methods, data or even other widgets.
3. What is crypto currency ?
Cryptocurrency is a digital payment system that doesn't rely on banks
to verify transactions. It’s peer to peer system that can enable anyone
anywhere to send and receive payments. Instead of being physical
money carried around and exchanged in the real world, cryptocurrency
payments exist purely as digital entries to an online database
describing specific transactions. When you transfer cryptocurrency
funds, the transactions are recorded in a public ledger. Cryptocurrency
is stored in digital wallets.
Cryptocurrency received its name because it uses encrypted to verify
transactions. This means advanced coding is involved in storing and
transmitting cryptocurrency data between wallets and to public ledgers.
The aim of encryption is to provide security and safety.
The first cryptocurrency was Bitcoin, which was founded in 2009 and
remains the best known today. Much of the interest in cryptocurrencies
is to trade for profit, with speculators at times driving prices skyward.
4.How does cryptocurrency work?
• Cryptocurrencies run on a distributed public ledger called blockchain, a
record of all transactions updated and held by currency holders.
• Units of cryptocurrency are created through a process called mining, which
involves using computer power to solve complicated mathematical problems
that generate coins. Users can also buy the currencies from brokers, then
store and spend them using cryptographic wallets.
• If you own cryptocurrency, you don’t own anything tangible. What you own is
a key that allows you to move a record or a unit of measure from one person
to another without a trusted third party.
• Although Bitcoin has been around since 2009, cryptocurrencies and
applications of blockchain technology are
• Still emerging in financial terms, and more uses are expected in the future.
Transactions including bonds, stocks, and other financial assets could
eventually be traded using the technology.
5.Companies supporting
cryptocurrencies
6.Different Sectors of Cryptocurrencies
• Decentralized Exchange
This consists of exchanges that are like centralized exchanges but without the need of “signing up”
to the platform. Decentralized exchanges (DEX) are a type of cryptocurrency exchange that allows
for direct peer-to-peer cryptocurrency transactions to take place online securely and without the
need for an intermediary. The top 3 in this sector are:
Uniswap (UNISWAP)
Stellar Lumens (XLM)
Pancake Swap (CAKE)
• Metaverse
The Metaverse (always capitalized in Stephenson's fiction)
is described as a shared "imaginary realm" that is "made
available to the public across the worldwide fiber-optics
network" and projected onto virtual reality goggles in the
novel. Therefore, the phrase can apply to digital settings
that have been enhanced with virtual reality (VR) or
augmented reality (AR).
Meta in the term means “beyond” and verse refers to the
“universe.”
7.What is crypto trading?
• Cryptocurrency trading means taking a financial position on the price
direction of individual cryptocurrency against the dollar (in crypto/dollar
pairs) or against another crypto, via crypto to crypto pairs. CFDs (contracts
for difference) are a particularly popular way to trade cryptocurrencies as
they allow for greater flexibility, the use of leverage and the ability to take
short as well as long positions
• There has been a surge of interest in cryptocurrencies over the past few
years. That demand has led to many CFD trading platforms and brokers
now offering cryptocurrency trading pairs. These trading pairs can include
one cryptocurrency, for example, Bitcoin, and one fiat currency, such as the
US dollar. Here the trader makes a profit, or loss, by forecasting whether
the cryptocurrency side of the pair will gain or lose value against the fiat
currency.
• The other kind of cryptocurrency pair is made up of two different
cryptocurrencies, for example, Bitcoin and Ethereum. In this case, the
trader makes a profit, or loss, by forecasting whether the leading
cryptocurrency of the pair will gain or lose value against its cryptocurrency
partner
7.1 Crypto price chart
1.Crypto charts are graphical representations of historical price,
volumes, and time intervals. The charts form patterns based on
the past price movements of the digital currency and are used to
spot investment opportunities.
2.A Candlestick is among the frequently used charts by crypto
traders. To interpret the image above, you should be aware that a
candle is represented in red when the closing price is lower than
the starting price during a specified time frame. This means the
price of the asset declined. In contrast, the green candle shows
that the closing price was greater than the starting price. This
indicates that the asset’s price rose. These candlestick charts form
several patterns. Depending on the shape, colour and size of the
candlestick, traders take positions or make changes in their
trading strategies.
7.2 Candlesticks in crypto
The candlestick's shadows show the day's high and
low and how they compare to the open and close. A
candlestick's shape varies based on the relationship
between the day's high, low, opening and closing
prices.
window.mainloop()
RESULT/TESTING