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Integrating Google Sheets With The CoinMarketCap API: A Step-by-Step Guide

Last Updated February 8, 2024 12:54 PM
Andrew Kamsky
Last Updated February 8, 2024 12:54 PM

Key Takeaways

  • CoinMarketCap API  allows access to over 2,000 cryptocurrencies’ real-time and historical data within Google Sheets.
  • Start by acquiring a CoinMarketCap API key, then utilize Google Sheets and Apps Script for integration.
  • Automate cryptocurrency data updates in Google Sheets using time-driven triggers in Google Apps Script.
  • Leverage Google Sheets for real-time portfolio tracking, market analysis, and automated price alerts with the CoinMarketCap API.

CoinMarketCap offers an application programming interface (API) for real-time and historical cryptocurrency data, which can be integrated with Google Sheets for dynamic data analysis and visualization. 

Users can track portfolio performance, analyze market trends, and build custom dashboards. The below steps highlight the steps to use the CoinMarketCap API to access live cryptocurrency data directly in Google Sheets.

What Is The CoinMarketCap API

The CoinMarketCap API offers data services in the form of real-time and historical market data for more than 2,000 cryptocurrencies. CoinMarketCap API provides extensive details on each cryptocurrency, including price, market capitalization, trade volume, and available supply. 

The API can be used to gain insights into numerous crypto exchanges, covering aspects concerning trading pairs and volumes. The API also includes global market indicators such as the market cap and Bitcoin’s market dominance, helping the user understand market trends more broadly.

Step-By-Step Guide To Integrating Google Sheets With The CoinMarketCap API

To integrate CoinMarketCap API with Google Sheets, one would need an API key from CoinMarketCap, basic Google Sheets knowledge, and an understanding of Google Apps Script, preferably with some JavaScript basics.

Integration Steps

Step 1: Setting Up In Google Sheets

  • Open a new Google Sheets document.
  • Go to Extensions > Apps Script to open the script editor and find Apps Script.
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Step 1
  • This opens a new tab where you can write and run Google Apps Script, a JavaScript-based platform.

Step 2: Script Writing For API Calls

  • In the editor, write a function to call the CoinMarketCap API using UrlFetchApp for HTTP requests.
  • Authenticate using your API key in the request header.
  • Example script fetches the latest cryptocurrency price, customizable for various data types.
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Step 2

Script:

function getCryptoData() {

var url = “https://pro-api.coinmarketcap.com/v1/cryptocurrency/listings/latest”;

var apiKey = ‘YOUR_API_KEY’; // Replace with your API key

var headers = {

“X-CMC_PRO_API_KEY”: apiKey,

“Accept”: “application/json”

};

var response = UrlFetchApp.fetch(url, {‘headers’: headers});

var json = JSON.parse(response.getContentText());

return json.data[0].quote.USD.price; // Example: Fetches the price of the first listed cryptocurrency in USD

}

  • This script can be customized to fetch different types of data based on your needs.

Step 3: Importing Data Into Sheets

  • In Google Sheets, use the formula =getCryptoData() in a cell to display API data.
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Step 4: Automating Data Updates

  • Set time-driven triggers in Apps Script to periodically update data, like every hour.

Steph 5: Fetching Bitcoin Price

  • Use /v1/cryptocurrency/quotes/latest endpoint for the latest Bitcoin price.
  • Example function getLatestBTCPrice fetches Bitcoin price in USD.
  • Implement the function in Google Sheets with =getLatestBTCPrice().
  • Set triggers for automatic Bitcoin price updates in your sheet.

Real-World Applications And Use Cases Of Integrating The CoinMarketCap API With Google Sheets

Portfolio Tracking

Integrating the CoinMarketCap API with Google Sheets is beneficial for real-time cryptocurrency portfolio tracking. By creating a dedicated spreadsheet, one can gauge the current market prices and automatically update the value of their holdings. 

Market Analysis

Utilizing the CoinMarketCap API to gather historical data can effectively analyze and visualize market trends directly in Google Sheets. This setup is perfect for comparing the performance of various cryptocurrencies across different periods, providing valuable insights into market dynamics.

Automated Alerts

Moreover, the integration allows for creating automated alerts using Google Sheets scripts. These alerts can be configured to notify you via email about specific market conditions, such as notable price fluctuations in a particular cryptocurrency.

Conclusion

The CoinMarketCap API democratizes access to complex market data, enabling early adopters and experts to make informed decisions based on up-to-date information. Users can track personal portfolio values in real-time by integrating the CoinMarketCap API with Google Sheets. 

The user can analyze broad market trends and set up automated alerts for price changes. This guide simplifies the integration process and empowers users to leverage these insights for better financial analysis and strategy in the dynamic and ever-evolving cryptocurrency landscape.

FAQs

What data can I access using the CoinMarketCap API in Google Sheets?

The CoinMarketCap API provides real-time and historical market data for over 2,000 cryptocurrencies, including price, market cap, volume, and supply, as well as global market indicators and exchange information.

How do I start integrating the CoinMarketCap API with Google Sheets?

Begin by obtaining an API key from CoinMarketCap, then use Google Sheets and Google Apps Script, incorporating JavaScript, to write and execute a script for API calls, fetching and displaying the data.

Can I automate data updates from CoinMarketCap to Google Sheets?

Yes, by setting time-driven triggers in Google Apps Script, you can automate updates to periodically refresh cryptocurrency data in Google Sheets, such as hourly price changes.

What are some practical uses of integrating CoinMarketCap API with Google Sheets?

This integration allows for real-time portfolio tracking, in-depth market analysis, and setting up automated alerts for specific market conditions, enhancing financial strategy and analysis in the cryptocurrency market.

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