Cryptocurrency has taken the world into a whole new dimension of investment. With more and more exposure to it, a lot of people are investing in several cryptocurrencies and keeping track of them gets hard. In this competitive world of cryptocurrencies, one startup managed to have a killer launch and emerge as a leader in letting people track their portfolio – Blockfolio.
While everyone was busy building a trading platform, Edward Moncada, along with his co-founders decided to build an app to that would help them to keep track of all the investments that people were making in cryptocurrencies. Edward himself was investing in Bitcoin and a lot of cryptocurrencies.
Edward along with his co-founders set out to build an app that would help these investors to keep track of all their investments along with giving them updates on the trades as well as give updates on the latest news in the world of cryptocurrency.
Blockfolio was the result of brainstorming done by Edward and his co-founders, and it was founded in 2014. Fast forward to the year 2019 and Blockfolio is now the #1 app to keep track of all the investments made by a person in different cryptocurrencies.
Blockfolio emerged as a huge success and currently hosts more than 8000 cryptocurrencies in their system. With more than 5 Million users, Blockfolio has gained the trust of people by providing them marvelous services and by helping them at each step of the investment.
How it all started
During the initial stages of Bitcoin, Edward was not aware of it but later in the year 2012, he saw a friend of his posting a lot about Bitcoin on Facebook, and he even had an online bitcoin poker game site called Seals With Clubs.
In the year 2013, Edward decided to give it a try and started playing on that website. He began with a single Bitcoin, and within three months he converted the number to 150 coins!
Back then the price of a Bitcoin was close to $100. Aware of his skills and his “always exploring something new” nature, he decided to sell 100 of those fetching him around $10,000, and within 48 hours the money got transferred to his account.
With this, he realized that he has come across something huge, and with this, in his mind, he spent the next three months reading everything about Bitcoin. After a year Edward came across a small project known as Darkcoin and using his contacts, he tried to get it listed making it the first cryptocurrency besides Litecoin and Bitcoin to be listed on Bitfinex.
The main motive behind the development of Blockfolio was to help Edward and his friends keep track of the money they were investing in different cryptocurrencies. They also thought that this would have a promising future and it seems like it worked well for them.
What is Blockfolio?
Blockfolio is a great tool that comes in the form of an application for your mobile, which is used to keep track of all your investments that you make in various cryptocurrencies.
It was the first app ever that was designed to track all the cryptocurrency investments correctly. It makes it easy to stay up to date with your entire cryptocurrency portfolio. This app made the life of every investor very easy.
Blockfolio stores all the data in one centralized location and tracks the value of the portfolio across multiple crypto exchanges.
Features of Blockfolio
Anything that is user-friendly and is developed by keeping the user in mind will eventually make it to the top. Blockfolio did the same and made their application user-friendly with several features. These features are:
1. Blockfolio allows you to create your homepage according to your preference.
2. The crypto tracker allows you to set a notification to alert you for whenever a specific coin reaches a particular value. Similarly, users can also be informed whenever a currency is losing its value.
3. User can set filters to get information on all the coins in which they have invested instead of going through all the coins.
4. It shows detailed information on coins using easy to understand charts.
5. The Blockfolio news section helps the users to keep track of the latest developments in the cryptocurrency world.
The app is available for both iOS as well as Android platforms making it easier to download and for more information you can visit blockfolio.com
Competitors
The biggest competitor for Blockfolio is Delta. Delta is a newer crypto portfolio tracker and has been around since late 2017. The crypto supporting stats remains the same as it supports an almost similar number of coins to Blockfolio.
New features are added regularly to Delta to make it better and to attract more users, but Blockfolio has been in the business for a longer time, so Delta will have to pick up some speed to reach there. To know more about Delta, you can visit delta.app
With the whole world moving towards the blockchain, we think the world of cryptocurrency will have more and more users in the coming years, and apps like Blockfolio will keep on upgrading and providing a user-friendly and supportive platform to old and new investors.
If you know a startup that has worked as hard as Blockfolio, let us know in the comments & we will love to write their story on coinnounce.com
