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What are the best JavaScript event listeners for monitoring cryptocurrency market trends?

avatarKasper FrostDec 27, 2021 · 3 years ago3 answers

I am looking for the most effective JavaScript event listeners that can be used to monitor cryptocurrency market trends. Can you recommend some event listeners that are commonly used in the industry? I want to make sure I am using the best ones to stay updated with real-time market data.

What are the best JavaScript event listeners for monitoring cryptocurrency market trends?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One of the best JavaScript event listeners for monitoring cryptocurrency market trends is the 'onmessage' event listener. This event listener allows you to receive real-time updates from a WebSocket connection, which is commonly used to stream market data. By subscribing to a WebSocket API provided by a cryptocurrency exchange, you can receive updates on price changes, order book updates, and other market-related information. This allows you to stay updated with the latest market trends and make informed trading decisions. The 'onmessage' event listener is widely used in the industry and is considered one of the most efficient ways to monitor cryptocurrency market trends using JavaScript.
  • avatarDec 27, 2021 · 3 years ago
    Another popular JavaScript event listener for monitoring cryptocurrency market trends is the 'onchange' event listener. This event listener can be used to detect changes in the value of a specific element on a webpage, such as a price ticker or a market indicator. By attaching the 'onchange' event listener to the element, you can trigger a function whenever the value changes. This can be useful for monitoring specific cryptocurrency prices or market indicators in real-time. The 'onchange' event listener is easy to implement and can be customized to suit your specific monitoring needs.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we recommend using the 'onopen' event listener in combination with the 'onmessage' event listener for monitoring cryptocurrency market trends. The 'onopen' event listener is used to establish a connection with a WebSocket API, while the 'onmessage' event listener is used to receive real-time updates from the API. By combining these two event listeners, you can create a robust monitoring system that allows you to stay updated with the latest market trends. Additionally, you can also consider using the 'onerror' event listener to handle any connection errors that may occur during the monitoring process. Overall, using a combination of these event listeners can help you effectively monitor cryptocurrency market trends using JavaScript.