Topic: CMC Misleading new projects (Read 787 times)

Verifying could be limited only by looking at what the exchange will provide, so if the exchanges shows they have 1 billion 24 hours volume, then its the volume that will be listed in CMC...

If people understand how programming works, they will understand why CMC only provide data that is available in a certain exchange.
and that's the only way on how CMC provide an update data because if they'll verify further that will take time and that will not be able to provide as timely information.

I agree with this. CMC rates the exchanges on the basis of volumes trade which could be fake. They have no way of verifying it perhaps? I agree that it is their duty to research but maybe they want to ride with the data by CMC since that data will also be viewed by the investors and will help them as well.

Still it is a little bit risky for projects.

are you trying to say that the devs or project team don't think straight or what? any new project team or dev supposed to make a deep research on exchanges they plan to use. coinmarketcap is not supposed to that for them. if they saw the data set up by CMC, it is their job to be sure the data are correct.

In my opinion, Coinmarketcap is still a reference for new projects and investors in investing. indeed lately Coinmarketcap does not work optimally as before, for example, they let an exchange with a bad reputation on their site so that it makes others experience losses when investing.

Every crypto tracking site is doing that but that doesn't make anything legit. They have responsibility to provide most possible accurate info to the users which they don't do while Coingecko have a lot of metrics to provide info as much as possible.

You know mate, I think those legit project team members are not stupid to easily believe with those fake data and information from CMC. I believe that they know it already but they are just pretending and just ride with the flow. Because thats how the data and market insight listing works from those cryptocurrency data providers like CMC, CoinGecko, etc most of the data is manipulated like volumes, price, etc. so it is normal. but I also believe that there is an exception with those legitimate and fully compliant projects and cryptocurrency exchanges.

It is true that CMC is very bad in this regard but there is no other way because there are thousands of exchanges in the crypto market and control will become more and more difficult. I think one way or another, you should check yourself and choose only exchange investment with good liquidity in the crypto market. It is best to choose large exchanges that are encouraged by people to use.

CMC is known for having wrong data but they are basically putting that responsibility on people (traders/investors) and the exchanges. They are basically saying "this is the data we get from the places and we are not responsible for checking how accurate it is".

If some exchange tells them that they have a billion dollars in trading volume, they do not have the responsibility to check if they actually have a billion dollars trading volume or 10 million, they just basically say you "this is what they say they have" and get out with it. I can't say they are too wrong neither, the moment you try to politicize the exchange world you need to do it for ALL exchanges and not some of them, which would be very very difficult even for a company that big.

Are you afraid that Binance will use Coinmarketcap for personal purposes? I believe they will never do so, and if they do then they will never impact users. The top criteria of Binance is always to put the interests of users first

the problem of fake volume has been an old problem, I think CZ can overcome that easily, maybe the data will be sourced from Binance, which we should be aware of is indeed a new project, Coinmarketcap must be firm with new projects and not as easy as putting the project on the list !, C'mon, Coinmarketcap must make a difference

It is a complex problem, you don't have to blame just Coinmarketcap, because devs are also responsible for what steps they are doing to develop the project. I will never go to trade to exchange if i won't check all info about it. So, it is easy. But, yes, fake volumes problem is frustrating, hope it will end soon.

You are right, CMC has nothing to do where a specific project will be listed at.
I don't see any reason why they have to be blamed for some unfortunate events that may possibly happen to a coin.
CMC is just one reference to look at, but it doesn't mean you have to believe what they are offering to the community.
They know the reputation of CMC even before Binance bought it, so why would they rely on this site?

Didn't you aware even if p2pb2b, coinsbit, and many scam exchange sites have been placed at the top ranked of CMC? it looks so funny to see that this site has already turned into the garbage site.
CZ brings nothing to the future of CMC. Im sure about that

I don't know how truthful this accusation is. But to tell the truth, this is something that I feared for a long time. When I first read about the acquisition of Coinmarketcap by Binance, this was one of the things that came to my mind. Binance should have never made this acquisition. We lost an independent website, which was useful for all types of cryptocurrency investors. I guess now we'll be forced to rely upon sites such as CoinGecko and Live Coin Watch.

Have you heard of liquidity ranking? I doubt if you have because you can either check volume or liquidity ranking on cmc. Also note that those exchanges with fake volumes which appear at top on cmc exchange section doesn't mean they have "good ratings". Any project developer who goes to cmc, then decides to list on an exchange because of volume rankings is not a good project dev in the first place, what happened to research?

I decided to pick up several price trackers to compare their common feature: watchlist.
I took CoinMarketCap, CoinGecko, and tokenncoin.
Crypto Market services have their pros and cons.

CoinMarketCap has a minimalistic interface but a narrower set of functions.
CoinMarketCap's watchlist is displayed as a list. To add a coin, you need to press options on the graph with a coin and choose 'add to watchlist.' It's not handy to click so many times. Better would be to add some symbol to click it once.

CoinGecko offers more metrics and sections but lacks a subsection with crypto-lending interest rates and something similar to CMC's Historical Snapshot page.Watchlist is depicted samely as on CMC. But here they have a star to add a coin to watchlist. It's convenient. But to make you watchlist you have to sign up.

Tokenncoin is a one-stop market research platform that ranks and analyzes all the blockchain-based coins and tokens in the crypto market.
Tokenncoin is a platform that ranks and analyzes all the blockchain-based coins and tokens in the crypto market. they cover all the necessary information about the thousands of digital currencies that exist and are new in the market. Tokenncoin caters to all the research demands of investors, traders, and crypto holders.

CoinMarketcap after acquisition from Binance, Experts believe that is a sign that the crypto industry is dealing with the ongoing market collapse well.

If you are after with correct information then doing your proper research and not just relying with one place to base your ideas should be taken place. CMC gathered information based from what they've collected from each exchange and projects that submit to them, analysing everything should be in the place of the project teams and potential investors.

I don't think a team that has a project to run does not conduct an investigation of the exchange they are planning to list their project for IEO.
I expect them to be smart, not a newbie in the crypto market, we can't blame the CMC here, they are just providing data but it's not their job to verify the data provided by a certain exchange/s.

There has been serious discussion of Coinmarketcap fraud since the beginning of 2018, when the first accusations of providing false information to users appeared.  so far, no one is talking about the real results of the fight against the manipulation of cryptocurrency data.  Of course, this is a very bad situation, because quite a lot of promising tokens have suffered from such a resource policy, and some have generally benefited from such manipulations.  There are high hopes that the purchase of this resource by Binance will bring a certain order to the analytical resource CMC.

I don't know where they are getting the volume from those exchange who seem to be not popular at all.
I've seen those and I'm not well convinced that those names has the highest volume of them all.