Case Study: Real-Time Bitcoin Price Tracking for Top Crypto Currencies
The Challenge
Our client, a fintech analytics company, wanted to monitor live Bitcoin prices and other top cryptocurrencies every hour. They also had a custom algorithm to rank cryptocurrencies, and only the top 50 according to this ranking needed to be tracked.
Manual tracking was inefficient due to:
- Hundreds of coins and constant price fluctuations.
- Dynamic web pages with data loading via JavaScript.
- The need for secure login to access certain data sources.
The goal was to automate hourly price collection, filter by the client’s ranking criteria, and store the data in a structured, usable format.
Hurdles We Faced
- Dynamic Web Pages: Cryptocurrency prices were loaded dynamically, making simple HTML parsing insufficient.
- Frequent Updates: Prices change every second, so data had to be collected efficiently without missing updates.
- Anti-Bot Measures: CoinMarketCap and other platforms implement throttling and bot detection.
- Custom Ranking Integration: Only coins meeting the client’s specific algorithm criteria were relevant.
Our Step-by-Step Approach
- Requirement Analysis:
Determined key data points for each cryptocurrency: coin name, price, market cap, and rank according to the client’s algorithm. - Custom Scraping Scripts:
Developed Python scripts using Selenium and API integration (where possible) to fetch real-time prices for Bitcoin and other top cryptocurrencies. - Handling Anti-Bot Measures:
Implemented techniques such as rotating proxies, randomized intervals, and automated retries to avoid detection and maintain uninterrupted data collection. - Login Automation Plugin:
Built a custom plugin to automate login for sources requiring authentication, ensuring secure and reliable access to data. - Data Cleaning & Standardization:
Converted scraped data into a uniform structure, including the client’s custom ranking, making it ready for analysis and reporting. - Database Integration:
Aggregated hourly price data into a central database, enabling the client to visualize trends, generate reports, and make informed decisions.
Results & Impact
- Successfully tracked Bitcoin and other top cryptocurrencies hourly with high accuracy.
- Reduced manual monitoring effort from hours each day to a fully automated solution.
- Provided a centralized and structured dataset for analysis and strategic decision-making.
- Built a scalable system that can easily include new cryptocurrencies or changes in ranking criteria.
Our Services & Expertise
At Ascendance Solutions, we specialize in:
- Web & App Scraping for structured and dynamic content.
- Automation to streamline repetitive data collection tasks.
- AI & Data Processing to convert raw data into actionable insights.
Whether you need data from financial platforms, apps, or websites, our team delivers accurate, reliable, and scalable solutions.
📧 Connect with us at connect@ascendancesolutions.com to discuss how we can help your business harness critical cryptocurrency data.
