CMC Misleading new projects - page 3.

sandos

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Quote from: SistaFista on May 05, 2020, 08:05:17 PM

Indeed, if you see the list of top exchanges here : https://coinmarketcap.com/rankings/exchanges/
the 5 top exchanges doesn't sound familiar, is that really true they are top exchanges ?
The devs of the project should aim the exchange with real volume so they can reach the real users.

I think it is necessary to give accurate statistics to give investors a better view of this market because in this list are the exchanges with fake trading volumes. In my opinion, Binance, Okex, Huobi should be the top 3 exchanges in this market because these are the exchanges with the most investors participating and the liquidity here is much better than the other exchanges. Coinmarketcap is not reliable with me anyway and I only believe in my judgment.

SistaFista

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Indeed, if you see the list of top exchanges here : https://coinmarketcap.com/rankings/exchanges/
the 5 top exchanges doesn't sound familiar, is that really true they are top exchanges ?
The devs of the project should aim the exchange with real volume so they can reach the real users.

nicecrypto

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Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

Perhaps all those things will change now that they have new owners onboard, many people where already pointing this flaws out, cmc was no longer accurate with its data, not just bad exchange where given good ratings also some undeserving project where getting listed on cmc so fast, I really hope with this new development in the company they will redeem their reputation so that people will start trusting them as before.

monineklutak

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Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

hope CZ Binance makes a difference to Coinmarketcap and only listed good projects with potential,
I'm sure if it is done by CZ then the world of crypto currencies will improve and get better

mahibul49

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you are not fully right.i think good project team also knew what is best to do but to get listing on top exchange like huobi,bittrex,gate needs huge fund and a strong team.

aemma

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On one hand it is true on the other it isn't; that is, first, coinmarketcap gives credence to exchanges which are not well known or prominently used hence might be one of the reasons new projects uses them for IEO or direct listing. On the other hand, new projects are meant to make their findings as well, check the exchange they want to list on for IEO and know the status of success so far or check the exchange they want to list directly on and know how users see it, their actual volume, user base etc; these will go a long way in helping them to decide.
So therefore, just as investors make their research about projects they want to invest in, in the same way, new projects are meant to make their research about the exchange they want to list on.

ije07

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stay away, when you see or feel something suspicious there. but if you stay away just because of FUD I don't recommend it. it's important for anyone to be vigilant, I mean even though the CMC website displays valid Coins data but not all of them are true. You need to research in more detail before making a decision. related to that I also hope that if Binance CZ takes over this will fix the CMC site again.

mahilchii

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CMC is slowly losing it's reputation in crypto industry as a brand they should not mislead new projects and they should not allow the scammers to list their coin on their chart, they need to come with some strong quality foundation to make it more familiar to the investors and traders if this happens I am sure the shitcoins will be removed from the list.

isaac_clarke22

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Maybe or maybe not.
I've known Binance since my first day of day trading, and I would be surprised if their takeover would lead to just a flat result before they even got CMC.
I never knew that CMC were listing shitcoins still, and good thing I don't really tread too far below the top 10 coins there.
Sometimes traders should also not just depend on someone to eliminate these shitcoins listed but instead use their diligence also.

WeedGoW

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Good on CZ Binance to acquire CMC. But I fear that even after the restructuring of CMC to remove fake trading volume and bad exchanges, those bad exchanges will try to set up their own CMC but playing with their rules instead.

palle11

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Quote from: tvplus006 on April 11, 2020, 04:41:21 AM

Quote from: TopT3ns on April 10, 2020, 06:34:28 PM

I see sites like coinmarketcap just trying to do their job to be recording all data transactions in the form of trading volume or total supply and of course the data is obtained when there is a team from the platform that provides data to coinmarketcap even though like that some of the cases that often occur in coinmarketcap are accuracy of the data displayed.

This will continue as long as coinmarketcap uses the data provided by cryptocurrency exchanges. Everything will change only when coinmarketcap develops its own estimation algorithm to measure trading volume. This will attract even more users and raise the rating of the exchange Binance on the crypto market.

This is likely to be what the point is. If cmc collates trading volume data from different exchanges, they don't have any choice than to make publication of what they have been given. Not until cmc gets direct access to volume trade by having access to the exchange.

tvplus006

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Quote from: TopT3ns on April 10, 2020, 06:34:28 PM

I see sites like coinmarketcap just trying to do their job to be recording all data transactions in the form of trading volume or total supply and of course the data is obtained when there is a team from the platform that provides data to coinmarketcap even though like that some of the cases that often occur in coinmarketcap are accuracy of the data displayed.

This will continue as long as coinmarketcap uses the data provided by cryptocurrency exchanges. Everything will change only when coinmarketcap develops its own estimation algorithm to measure trading volume. This will attract even more users and raise the rating of the exchange Binance on the crypto market.

Stanlo

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Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

Honestly I'm starting to think that developers choose low rated exchanges willingly, devs aren't that stupid to ignore binance or gate for p2pb2b, they knew what the end result will be right from the start, for me any project that chooses low rated exchanges can't be trusted

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Quote from: TopT3ns on April 10, 2020, 06:34:28 PM

Quote from: StephenJH on April 10, 2020, 06:09:53 PM

Quote from: DarkDays on April 10, 2020, 05:59:40 PM

What do you mean CoinMarketCap gives bad exchanges a good rating?

Are you talking about the trading volume?

Pretty sure nearly every project worth bothering with has an understanding of wash trading and fake stats. Everybody has seen the exchange transparency reports released by BTI....

The only reason projects list on crap exchanges is because they're cheap and/or free, and they couldn't' get listed on a good one. Don't you think these projects try to get listed on the likes of Binance, Kraken, Bitfinex etc? Of course they do, but they get told to F... off because they're absolutely trash.

Trash project = trash exchange, it's as simple as that. If an exchange doesn't think they're worth listing, why would they be worth investing in?

I partly agree with you but there are several questions that should be asked from CMC. The wash trading data is not filtered and sometimes the funny numbers pop up on the screen when the shit exchange volume surpasses the daily volume of Binance. Let's see what Binance CEO will think about the infrastructure of the CMC, Coingeck is still my favourite coinmarketcap website. The ranking in Coingecko is a hell better than CMC and the sorting the best coins makes it better in my mind.

I see sites like coinmarketcap just trying to do their job to be recording all data transactions in the form of trading volume or total supply and of course the data is obtained when there is a team from the platform that provides data to coinmarketcap even though like that some of the cases that often occur in coinmarketcap are accuracy of the data displayed.

I don't think so. If you are having the key to open your house and you can open your house and you can do anything what you wanna do. The result that has already published by CMC is not event he same with another marketcap site while other marketcap sites than CMC have published the same result. How is it possible? it's a manipulation.

TopT3ns

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Quote from: StephenJH on April 10, 2020, 06:09:53 PM

Quote from: DarkDays on April 10, 2020, 05:59:40 PM

What do you mean CoinMarketCap gives bad exchanges a good rating?

Are you talking about the trading volume?

Pretty sure nearly every project worth bothering with has an understanding of wash trading and fake stats. Everybody has seen the exchange transparency reports released by BTI....

The only reason projects list on crap exchanges is because they're cheap and/or free, and they couldn't' get listed on a good one. Don't you think these projects try to get listed on the likes of Binance, Kraken, Bitfinex etc? Of course they do, but they get told to F... off because they're absolutely trash.

Trash project = trash exchange, it's as simple as that. If an exchange doesn't think they're worth listing, why would they be worth investing in?

I partly agree with you but there are several questions that should be asked from CMC. The wash trading data is not filtered and sometimes the funny numbers pop up on the screen when the shit exchange volume surpasses the daily volume of Binance. Let's see what Binance CEO will think about the infrastructure of the CMC, Coingeck is still my favourite coinmarketcap website. The ranking in Coingecko is a hell better than CMC and the sorting the best coins makes it better in my mind.

I see sites like coinmarketcap just trying to do their job to be recording all data transactions in the form of trading volume or total supply and of course the data is obtained when there is a team from the platform that provides data to coinmarketcap even though like that some of the cases that often occur in coinmarketcap are accuracy of the data displayed.

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Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

CMC gives all bad exchanges good rating, that's very misleading

Please mention the name of the exchanges! You must make it clearer by mentioning what exchanges you mean. I doubt you only think about the rating subjectively. So, let me know the name of those exchanges that you think the ratings have been misleading people. Let's check them together. Wink

Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Maybe now that Binance CZ is about to take over,

Yes, it has been taken over by Binance. For me, we cannot expect too much since it is still very beginning. Let's see what CMC is going to improve after the acquisition. We still don't see any major plans so far unless the rumor of the leadership change at CMC.

StephenJH

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Quote from: DarkDays on April 10, 2020, 05:59:40 PM

What do you mean CoinMarketCap gives bad exchanges a good rating?

Are you talking about the trading volume?

Pretty sure nearly every project worth bothering with has an understanding of wash trading and fake stats. Everybody has seen the exchange transparency reports released by BTI....

The only reason projects list on crap exchanges is because they're cheap and/or free, and they couldn't' get listed on a good one. Don't you think these projects try to get listed on the likes of Binance, Kraken, Bitfinex etc? Of course they do, but they get told to F... off because they're absolutely trash.

Trash project = trash exchange, it's as simple as that. If an exchange doesn't think they're worth listing, why would they be worth investing in?

I partly agree with you but there are several questions that should be asked from CMC. The wash trading data is not filtered and sometimes the funny numbers pop up on the screen when the shit exchange volume surpasses the daily volume of Binance. Let's see what Binance CEO will think about the infrastructure of the CMC, Coingeck is still my favourite coinmarketcap website. The ranking in Coingecko is a hell better than CMC and the sorting the best coins makes it better in my mind.

DarkDays

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What do you mean CoinMarketCap gives bad exchanges a good rating?

Are you talking about the trading volume?

Pretty sure nearly every project worth bothering with has an understanding of wash trading and fake stats. Everybody has seen the exchange transparency reports released by BTI....

The only reason projects list on crap exchanges is because they're cheap and/or free, and they couldn't' get listed on a good one. Don't you think these projects try to get listed on the likes of Binance, Kraken, Bitfinex etc? Of course they do, but they get told to F... off because they're absolutely trash.

Trash project = trash exchange, it's as simple as that. If an exchange doesn't think they're worth listing, why would they be worth investing in?

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Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

I am not sure but I think you can get listed on the top in CMC by just paying them. CoinMarketCap considers this as their "advertising service". Though, I might be wrong, but yeah, many shit exchanges do get listed as a top exchange.
But, are the developers this stupid that they will fall for the fake exchange trap and list their coin over there? If they are, I would say their aren't capable of being a developer of a project.

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Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

Then, this is to hope that CMC will have a change and shows data that can be trusted.
I believe this is all about money and money talks as well. It may be since Binance CZ will soon to manage CMC, there is no such thing to happen in order to regain their reputation. It is all that people are now be needing clarification about the issue and so they will be enlightened about what they could expect from them.
Because if this will continue, it will only create doubts and it lessens the numbers of traders and investors.

Topic: CMC Misleading new projects - page 3. (Read 788 times)