Web3

What’s the Best Altcoin API to Set Up Altcoin Data Feeds?

DailyBlockchain.News AdminFebruary 6, 2024

10 minutes read

What’s The Best Altcoin Api To Set Up Altcoin Data

When integrating altcoin information into Web3 apps or platforms, selecting the proper altcoin API turns into pivotal. However what’s the best choice to get altcoin API information feeds? This text will spotlight Moralis’ altcoin API suite and discover every API for fetching and integrating altcoin information into your decentralized purposes (dapps). With solely single strains of code, you should utilize our premier APIs to question token costs, transfers, superior market information, and way more. Consequently, when working with Moralis, you’ll be able to seamlessly construct every part from decentralized finance (DeFi) platforms to portfolio trackers with out breaking a sweat!

In case you’re keen to leap straight into the code and need somewhat sneak peek of what’s to come, then try the three endpoints under, which you’ll probably discover useful in your improvement endeavors:

getTokenPrice() – Fetch the value of any altcoin:

const response = await Moralis.EvmApi.token.getTokenPrice({
  "chain": "0x1",
  "address": "0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0"
});

getWalletTokenBalances() – Question the token balances of any pockets:

const response = await Moralis.EvmApi.token.getWalletTokenBalances({
  "chain": "0x1",
  "address": "0x1f9090aaE28b8a3dCeaDf281B0F12828e676c326"
});

getTopERC20TokensByMarketCap() – Fetch the prime ERC-20 altcoins by market cap:

const response = await Moralis.EvmApi.marketData.getTopERC20TokensByMarketCap();

To be taught extra about Moralis’ premier improvement instruments, try our official Web3 API web page!

Additionally, in order for you to comply with alongside on this tutorial, don’t overlook to enroll with Moralis. You’ll be able to create an account without cost, and also you’ll have the opportunity to begin constructing dapps sooner and extra effectively!

Overview

In right this moment’s article, we’ll kick issues off by answering the query, ”What’s an altcoin API?”. In doing so, we’ll clarify what they’re and why you need to use them when constructing Web3 tasks. From there, we’ll then introduce you to Moralis, as our industry-leading Web3 API suite is the final software for fetching and integrating altcoin information into your dapps. Subsequent, we’ll stroll you thru a complete tutorial to present you the way to get altcoin information with Moralis in three steps:

Step 1: Get a Moralis API Key
Step 2: Write a Script Calling the getTokenPrice() Endpoint
Step 3: Run the Code

Lastly, to prime issues off, we’ll cowl some distinguished use circumstances for establishing altcoin API information feeds with Moralis.

If this sounds thrilling, be part of us under as we begin by exploring the ins and outs of altcoin APIs!

What’s an Altcoin API?

An altcoin API (software programming interface) is a algorithm, strategies, and protocols that enable you to seamlessly work together with blockchain networks to fetch and combine altcoin information into your Web3 tasks!

Illustrative art image - showing API components to set up altcoin API data feeds

An altcoin API can supply a variety of options. Under, you’ll discover three distinguished examples:

Actual-Time and Historic Data: Altcoin APIs ship entry to real-time cryptocurrency information, together with costs, intensive metadata, account balances, and transactions. Moreover, these interfaces usually characteristic expansive archives of historic information, which is important for in-depth evaluation and the creation of charts.

Superior Market Perception: Premier altcoin APIs transcend fundamental information provision by providing in-depth market insights. This consists of info on trending cryptocurrencies, value adjustments over time, market capitalization information, and different vital monetary metrics. Such detailed information is invaluable for finish customers, permitting them to make knowledgeable funding selections and perceive market dynamics.

Notifications and Alerts: The most effective altcoin APIs additionally empower builders to effortlessly combine customizable notifications and alerts inside their dapps. Options like this make sure that finish customers keep knowledgeable about real-time market actions and important updates with out lacking a beat.

All in all, an altcoin API is a set of protocols, strategies, and guidelines permitting you to seamlessly fetch and combine altcoin information into your Web3 tasks!

Why Builders Ought to Use an Altcoin API when Setting Up Data Feeds?

Speaking with a blockchain community requires a fancy underlying infrastructure, which is each a tedious and time-consuming activity to arrange. Happily, that is the place APIs enter the equation, permitting you, as a developer, to question the varied blockchain networks with out having to reinvent the wheel!

Benefits of Altcoin API Data Highlighted

When utilizing an altcoin API, you’ll be able to leverage premade protocols and strategies to fetch altcoin information with out having to perceive and take care of any underlying complexities your self. In return, it can save you a variety of improvement time and sources, which might be allotted to extra vital elements of your tasks, equivalent to constructing a compelling person expertise and enhancing person worth.

So, by using an altcoin API, you’ll be able to construct decentralized finance (DeFi) tasks, cryptocurrency wallets, portfolio trackers, and another Web3 platform sooner and extra effectively!

What’s the Best API for Altcoin Data Feeds?

There are a number of distinguished Web3 API suppliers on the marketplace for fetching and integrating altcoin information. Nevertheless, amongst the prime alternate options, Moralis clearly stands out as the {industry} chief! However what precisely is Moralis? And what makes Moralis’ API suite the greatest different for fetching altcoin information?

Moralis is an industry-leading Web3 API supplier, and in our altcoin API suite, you’ll discover premier interfaces equivalent to the Token API, Market Data API, Streams API, and lots of others. With these instruments, you’ll be able to seamlessly fetch and combine on-chain altcoin information into your Web3 tasks with solely single strains of code!

Title: Moralis Web3 API Suite - The Best Altcoins for integrating altcoin data feeds into Web3 platforms

However why must you use Moralis’ API suite to get and combine altcoin information?

Complete: We enrich all our API responses with transaction decodings, market information, deal with labels, metadata, and extra from a number of sources. In doing so, Moralis is in a position to supply the {industry}’s most complete APIs.

Save Time: With the energy and accessibility of Moralis’ APIs, you’ll be able to seamlessly cut back the common time to marketplace for all of your tasks by a formidable 83%.

Cross-Chain Compatibility: Our APIs are chain agnostic, supporting networks like Ethereum, Polygon, BNB Sensible Chain, Optimism, and lots of others. As such, when working with Moralis, you’ll be able to construct cross-chain suitable dapps with out breaking a sweat.

Additionally, do you know you’ll be able to entry our premier Web3 API suite without cost? So, in the event you haven’t already, make sure that to enroll with Moralis immediately.

Now, with an summary of Moralis, let’s discover three distinguished interfaces of our Web3 API suite that may aid you seamlessly fetch and combine altcoin information into your tasks!

Token API

Moralis’ Token API is the {industry}’s main software for real-time and historic altcoin information. This API helps all tokens throughout ten+ EVM chains, together with every part from meme cash like Shiba Inu (SHIB) to stablecoins like USDT!

With solely a few strains of code, you should utilize the Token API to seamlessly get token transfers, balances, costs, metadata, and way more. Consequently, with this interface, you’ll be able to simply construct every part from DeFi platforms to portfolio trackers.

To spotlight the capabilities of the Token API, listed here are three distinguished endpoints you’ll probably discover useful when constructing dapps:

getTokenPrice() – Get the value of any altcoin:

const response = await Moralis.EvmApi.token.getTokenPrice({
  "chain": "0x1",
  "address": "0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0"
});

getWalletTokenBalances() – Question altcoin balances of any pockets:

const response = await Moralis.EvmApi.token.getWalletTokenBalances({
  "chain": "0x1",
  "address": "0x1f9090aaE28b8a3dCeaDf281B0F12828e676c326"
});

getWalletTokenTransfers() – Fetch all altcoin transfers of any pockets:

const response = await Moralis.EvmApi.token.getWalletTokenTransfers({
  "chain": "0x1",
  "address": "0x1f9090aaE28b8a3dCeaDf281B0F12828e676c326"
});

Market Data API

The Moralis Market Data API enables you to seamlessly unlock the energy of superior cryptocurrency market information. With this API, you’ll be able to effortlessly regulate prime altcoins and monitor the market’s largest gainers and losers. As such, that is the final software for anybody trying to construct DEXs, portfolio trackers, cryptocurrency wallets, and different DeFi platforms!

By way of altcoin information, the Market Data API options two distinguished endpoints:

getTopERC20TokensByMarketCap() – Fetch the prime ERC-20 tokens by market capitalization:

const response = await Moralis.EvmApi.marketData.getTopERC20TokensByMarketCap();

getTopERC20TokensByPriceMovers() – Question the prime ERC-20 tokens by value change:

const response = await Moralis.EvmApi.marketData.getTopERC20TokensByPriceMovers();

Streams API

With Moralis’ Streams API, you’ll be able to effortlessly arrange real-time altcoin information feeds to get customizable updates despatched straight to the backend of your tasks through webhooks as quickly as one thing essential occurs on-chain. As such, the Streams API is the final software for integrating Web3 alerts and notifications into your undertaking!

So, how does the Streams API work?

Properly, you’ll be able to create a stream in three simple steps:

Step 1 – Create a brand new stream object by specifying what chains you need to monitor, occasions you would like to observe, and a webhook vacation spot:

Step 1 to Set Up Altcoin API Data Feeds: Create a STREAM object

Step 2 – Set up a brand new stream utilizing your stream object:

Step 2: Set up new stream using the created STREAM object

Step 3 – Add the deal with(es) you need to monitor and watch the information stream in:

Step 3: Adding altcoin addresses to monitor

For a extra detailed breakdown of the course of above, please try our official Streams API documentation web page!

How to Set Up Altcoin API Data Feeds with Moralis

With an summary of Moralis’ APIs for altcoins, we’ll take this part to briefly stroll you thru the strategy of establishing altcoin API information feeds with our industry-leading instruments. To take action, we’ll be utilizing the getTokenPrice() endpoint for example and present you the way to get real-time altcoin costs in three simple steps:

Step 1: Get a Moralis API Key
Step 2: Write a Script Calling the getTokenPrice() Endpoint
Step 3: Run the Code

Nevertheless, earlier than we are able to proceed, it’s essential to care for just a few important stipulations!

Stipulations

Moralis’ altcoin API suite is suitable with a number of programming languages, together with Python, TypeScript, and so forth. Nevertheless, for this tutorial, we’ll be utilizing JavaScript. As such, earlier than you proceed, be sure you have the following prepared:

Step 1: Get a Moralis API Key

In case you haven’t already, the very first thing you want to do is enroll with Moralis by clicking on the ”Begin for Free” button at the prime proper of the Moralis homepage:

Creating a Altcoin API Key Step 1: Create a free Moralis Account

When you’re achieved creating your Moralis account and undertaking, you’ll discover your API key beneath the ”Settings” tab to the left:

Copying API key on Moralis admin area UI

Copy and maintain the key for now, as you’ll want it throughout the subsequent step to initialize Moralis.

Step 2: Write a Script Calling the `getTokenPrice()` Endpoint

Open your IDE and initialize a brand new undertaking by operating the following command in the terminal:

npm init

Subsequent, make sure that to run the terminal command under to set up the Moralis SDK:

npm set up moralis @moralisweb3/common-evm-utils

You’ll be able to then open your ”package deal.json” file and add ”kind": ”module” to the list:

Showing how to open your ”package.json” file and add ”type": ”module” to the list

From right here, create a brand new ”index.js” file and add the following code:

import Moralis from 'moralis';

strive {
  await Moralis.begin({
    apiKey: "YOUR_API_KEY"
  });

  const response = await Moralis.EvmApi.token.getTokenPrice({
    "chain": "0x1",
    "address": "0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0"
  });

  console.log(response.uncooked);
} catch (e) {
  console.error(e);
}

You then want to make just a few configurations to the script. Initially, add the API key you copied earlier by changing YOU_API_KEY. Subsequent, additionally make sure that to modify the chain and deal with parameters to suit your question.

That’s it; all that continues to be from right here is to run the code!

Step 3: Run the Code

Open a brand new terminal and run the command under in the root folder of your undertaking:

node index.js

Operating the command above executes the script, and in return for calling the getTokenPrice() endpoint, you’ll get the token’s value denominated in each USD and the chain’s native cryptocurrency. It would look one thing like this:

{
  "tokenName": "Matic Token",
  "tokenSymbol": "MATIC",
  "tokenLogo": "
  "tokenDecimals": "18",
  "nativePrice": {
    "value": "348873003698603",
    "decimals": 18,
    "name": "Ether",
    "symbol": "ETH",
    "address": "0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2"
  },
  "usdPrice": 0.8059281301508046,
  "usdPriceFormatted": "0.805928130150804556",
  "exchangeName": "Uniswap v3",
  "exchangeAddress": "0x1F98431c8aD98523631AE4a59f267346ea31F984",
  "tokenAddress": "0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0",
  "priceLastChangedAtBlock": "19141731",
  "verifiedContract": true
}

That’s it; it doesn’t have to be harder to arrange altcoin API information charges when working with Moralis’ API suite. From right here, you’ll be able to comply with just about the identical steps to name any of our endpoints!

What You Can Construct with Altcoin API Data Feeds From Moralis

You’ll be able to construct a variety of stuff with altcoin information feeds arrange utilizing Moralis’ API suite. On this part, we’ll take a look at three distinguished examples:

Token Explorers: A token explorer is an software or web site that provides customers useful information and perception into altcoins. These platforms collect, course of, analyze, and current information from varied blockchain networks, permitting customers to discover new tokens and make knowledgeable funding selections. An awesome instance right here is Moralis Money.

Altcoin API Data Feeds example: Showing Moralis Money Platform

Portfolio Trackers: A portfolio tracker is a platform that accumulates information about person’s token holdings in a single place, enabling them to seamlessly observe and handle their altcoins. Some distinguished examples embrace Delta, Kubera, and Moralis Cash.

Portfolio tracker dapp example for altcoin API data feeds

Decentralized Exchanges (DEXs): A DEX is a peer-to-peer market permitting customers to commerce altcoins in a non-custodial method with out the want for middleman involvement. Some distinguished examples of present DEXs embrace Uniswap, Curve, and PancakeSwap.

Token explorers, portfolio trackers, and DEXs are simply three examples of what you’ll be able to construct with Moralis. Right here, the solely factor stopping you is your creativeness!

Abstract: What’s the Best Altcoin API for Setting Up Altcoin Data Feeds?

In right this moment’s article, we launched you to Moralis – the final Web3 API supplier for fetching and integrating altcoin information into your dapps. In doing so, we explored the following three altcoin APIs in additional element:

Token API: With the Token API, you’ll be able to seamlessly get real-time and historic altcoin information.
Market Data API: The Market Data API offers you entry to superior market insights.
Streams API: With the Streams API, you’ll be able to seamlessly arrange Web3 alerts and notifications.

From there, we additionally confirmed you the way to get altcoin information with Moralis’ API suite in three steps:

Step 1: Get a Moralis API Key
Step 2: Write a Script Calling the getTokenPrice() Endpoint
Step 3: Run the Code

So, if in case you have adopted alongside this far, you now know the way to fetch and combine altcoin information into your tasks! In case you appreciated this altcoin API tutorial, contemplate testing extra Moralis content material. As an example, learn our most up-to-date information on constructing cryptocurrency value trackers or discover the Cosmos ecosystem!

What’s extra, in the event you appreciated what you noticed all through this tutorial, then you need to know that we’ve a Candlestick API in the pipeline. For updates relating to this revolutionary API and notifications for when it’s launched, please make sure that to enroll with Moralis!