If An Altcoin is Not Listed on Coinmarketcap - Will it Never be? - page 3.

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Quote from: KillerEyez on August 14, 2024, 01:41:46 PM

If An Altcoin is Not Listed on Coinmarketcap - Will it Never be?

As much as I have been told not to waste my time with meme coins, or stay away from certain altcoins, but its really hard to absolutely ignore them, especially when one meme coin hits the market every day.

Now I also know that whatever is listed on Coinmarketcap is the real deal... so if I am researching a coin and it is not listed there, are there any chances of it ever being listed... or should I just let it go?

What do you all have to say?

Op, those people told you what you need to know as a newbie, but since you are finding it hard to take their advice, when you learn it the hard way, you will remember what you have been told about meme coins and altcoins.

You're wrong; what's listed on CoinMarketCap is not 100% safe, and if you grow with this perspective, you will easily lose your money. Coinmarketcap is just a platform where different cryptocurrencies are listed so that their holders can easily see the information about their tokens. Any coin or token can be listed on Coinmarketcap if it meets the criteria for being listed there. Always DYOR to be informed to avoid unexpected losses.

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Quote from: yhiaali3 on August 15, 2024, 11:05:57 PM

Quote from: TastyChillySauce00 on August 14, 2024, 10:55:58 PM

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Quote from: MAAManda on August 15, 2024, 04:07:56 AM

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I understand your point of view, yes listing a coin on CoinMarket gives it some credibility but at the same time it can be a trap if a scam coin is listed and people who trust CoinMarket will think it is a good coin.

I am also not saying that we should pick a random contract and trade on a decentralized platform without any research, that is a big mistake, what I am saying is that we should do our own research and verify the coin even if it is listed on CoinMarket and not just trust it just because it is listed there.

This! This thought should be in a frame there. Research is key whether you use this or another listing platform.

WatChe

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Quote from: gunhell16 on August 15, 2024, 08:14:16 AM

The logic there is simple: if you don't have CMC, Coingecko, Geckoterminal, Dexscreener, and Crypto.com, don't invest just for the safety of your fund. It's different if the crypto you want to buy is listed on the platforms I mentioned.

I think it's really an advantage when I'm listed in those; I'm just like that, and when I see that it's listed, the daily volume is good, and the market cap is high, I won't hesitate to invest, even though I'm willing to take a risk too.

CMC is a good point to start your research about any coin but it should not be the only point to consider while you are making your mind on investing in a coin. Not all the coins listed on CMC are worthy for investment as there any scores of coins on CMC with unknown market cap and 24 hour volume.
But if a coin is not found on any sites which you have mentioned (i.e. CMC, Coingecko, Geckoterminal, Dexscreener, and Crypto.com) then it's better to not invest energies in researching that coin. Top 20 or 30 alts on CMC are considered safe for investment. DYOR.

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Well there is not alot of new alt coin I am going to be buying now. But if I do see a project that does interest me then yes i will check coinmarketcap.

If this coin is not listed on there, I am not going to invest in it. There is so many other coins we can see listed we dont need to invest in a project that can be a 'rug pull' or some scam project.

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Quote from: TastyChillySauce00 on August 14, 2024, 10:55:58 PM

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Quote from: MAAManda on August 15, 2024, 04:07:56 AM

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I understand your point of view, yes listing a coin on CoinMarket gives it some credibility but at the same time it can be a trap if a scam coin is listed and people who trust CoinMarket will think it is a good coin.

I am also not saying that we should pick a random contract and trade on a decentralized platform without any research, that is a big mistake, what I am saying is that we should do our own research and verify the coin even if it is listed on CoinMarket and not just trust it just because it is listed there.

dunfida

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Quote from: KillerEyez on August 14, 2024, 01:41:46 PM

If An Altcoin is Not Listed on Coinmarketcap - Will it Never be?

As much as I have been told not to waste my time with meme coins, or stay away from certain altcoins, but its really hard to absolutely ignore them, especially when one meme coin hits the market every day.

Now I also know that whatever is listed on Coinmarketcap is the real deal... so if I am researching a coin and it is not listed there, are there any chances of it ever being listed... or should I just let it go?

What do you all have to say?

All of projects would really be trying out to get listed on CMC or CG on which we know that these platforms or sites does have their criterias before listing a particular coin/token
on which it would really be mostly talking or speaking about on a specific volume on a certain coin. I dont know if there would really be some listing fee to be given but i do assume that its
really that something to be that standard on about fees and other similar aspect. On the moment that you do ask about getting listed then you could really be able to assume that its a
good one because they do hit up a particular criteria but in speaking about success and profitability then it would really be always that remain a question.

Never ever make yourself that believe that you could really be able to make some assurance that you are dealing with the right project since its gets listed on Coinmarketcap.
Always bare in mind that these things arent that a solid indication that the projects you've been dealing are really that having the potential. Almost gets listed into this place
as long it do hit the criteria or able to comply then pretty sure you would see those names but just like been said that it wont really be that giving out assurance in terms of success
and profitability.

anarkiboy

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Coinmarketcap is owned by Binance and due to this I wouldn't touch this site even with a mile long stick.

There should be a decentralized alternative.

KillerEyez

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Quote from: gunhell16 on August 15, 2024, 08:14:16 AM

The logic there is simple: if you don't have CMC, Coingecko, Geckoterminal, Dexscreener, and Crypto.com, don't invest just for the safety of your fund. It's different if the crypto you want to buy is listed on the platforms I mentioned.

I think it's really an advantage when I'm listed in those; I'm just like that, and when I see that it's listed, the daily volume is good, and the market cap is high, I won't hesitate to invest, even though I'm willing to take a risk too.

But one of the members earlier has mentioned that a project can be listed on CoinGecko as well and yet not guarantee its performance. It is just that the team pays to be listed.

gunhell16

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Quote from: KillerEyez on August 14, 2024, 01:41:46 PM

If An Altcoin is Not Listed on Coinmarketcap - Will it Never be?

As much as I have been told not to waste my time with meme coins, or stay away from certain altcoins, but its really hard to absolutely ignore them, especially when one meme coin hits the market every day.

Now I also know that whatever is listed on Coinmarketcap is the real deal... so if I am researching a coin and it is not listed there, are there any chances of it ever being listed... or should I just let it go?

What do you all have to say?

The logic there is simple: if you don't have CMC, Coingecko, Geckoterminal, Dexscreener, and Crypto.com, don't invest just for the safety of your fund. It's different if the crypto you want to buy is listed on the platforms I mentioned.

I think it's really an advantage when I'm listed in those; I'm just like that, and when I see that it's listed, the daily volume is good, and the market cap is high, I won't hesitate to invest, even though I'm willing to take a risk too.

Mia Chloe

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CoinMarketCap has certain criteria that needs to be met before listing a cryptocurrency.
These criteria are things like market capitalization, liquidity, trading volume, community support and compliance with regulatory requirements by the government. Crypto currencies that meet all these requirements are mostly the ones listed.
However, not being listed on CoinMarketCap doesn't mean the end for a cryptocurrency. It can still be traded on other exchanges and continue to grow its community and adoption. Some cryptocurrencies can even choose not to list on CoinMarketCap, instead they can opt in for decentralized exchanges or other platforms instead.

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Quote from: KillerEyez on August 14, 2024, 01:41:46 PM

Now I also know that whatever is listed on Coinmarketcap is the real deal...

This is a misconception since it’s very easy to be listed on coinmarketcap and coingecko by just applying for listing. Some project just expedite by paying an insider to list immediately. So even shitcoins can be listed on cmc not only the real deal project.

Quote

so if I am researching a coin and it is not listed there, are there any chances of it ever being listed... or should I just let it go?

What do you all have to say?

It still depends on the project. For example if the project is existing for a year but still not listed on coinmarketcap while it’s already trading on DEX then you can assume that this project is dead since they are not prioritizing listing assuming the trading volume is very low.

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Being listed on coinmarketcap doesn't show a total reliability or guaranteed you to be trusted and legitimate, yes there are projects that has been listed here that people made lot of profits from but after some years they weren't doing well again and they ended up folding up, exchange delisting them because they weren't meeting up their trading volume. Exchange like binance doesn't waste time to delist such coin from their platform to secure investors funds.

There are some projects that are not yet listed on CMC but are pretty trading well on exchange but you won't see them until they have the required quality to get listed on CMC, if they don't have the requirements it could be hard to list as well. So you must not only rely on coin listed in CMC to trade just that people has this mindset that coin listed here is more trusted.

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Not necessarily true that being listed on Coinmarketcap means legitimacy. I bought a presale which was listed there, then on launch/claim day they rug pulled us. Meme coins are a big risk any way buddy, you have to be very lucky to hit the right ones.

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Quote from: KillerEyez on August 14, 2024, 01:41:46 PM

If An Altcoin is Not Listed on Coinmarketcap - Will it Never be?

A project cannot just be listed on Coinmarketcap when nearly established it will take some time and must meet certain requirements to be listed. If not listed yet it can get listed in future and if a project wants to develop then it will be part of their plan to meet the requirements and get listed on there. People see projects listed on Coinmarketcap as projects with potentials.

Quote from: KillerEyez on August 14, 2024, 01:41:46 PM

As much as I have been told not to waste my time with meme coins, or stay away from certain altcoins, but its really hard to absolutely ignore them, especially when one meme coin hits the market every day.

Now I also know that whatever is listed on Coinmarketcap is the real deal... so if I am researching a coin and it is not listed there, are there any chances of it ever being listed... or should I just let it go?

Truth be told altcoins are not very reliable even though they can be profitable at times, investing in them is very risky especially for long term holders. After making some profit I wouldn’t advise you keep hanging around them because most of them turn out to be shitcoins after sometime. Being listed on coinmarketcap doesn’t guarantee anything, some tokens are listed there and still end up with no much value. Before investing in altcoins always endeavors to research about them first.

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Quote from: yhiaali3 on August 14, 2024, 10:01:43 PM

It is not necessary for a coin to be listed on CoinMarketCap to be good or available for trading, it can be listed on other altcoin listing sites other than CoinMarket.

Also some meme coins can be traded instantly on DEX by contract address without being listed, some people think that listing on CoinMarketCap makes a coin good and this is not true at all, there are a lot of scam coins listed on CoinMarket.

I don't agree with your opinion, a coin/token needs to be listed on Coinmarketcap if they want to be a solid coin/token. Coinmarketcap has special criteria & a slightly complicated process for registering a coin/token, you can see it here. Even though we can trade coins/tokens without requiring Coinmarketcap listing, the fact is that Coinmarketcap can have a good impact on projects, they can provide better publicity, make a project more easily recognized and then will increase the MC even higher which has an impact on the coin/token price.

KillerEyez

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Quote from: Churchillvv on August 14, 2024, 04:20:11 PM

But OP why would you want to invest in a token or coin that is not yet listed in coinmarketcap? basically I haven't seen a coin that has not been listed in coinmarketcap become a thing so if you feel that your interest in a coin that is not listed yet you can take the risk but for my limited knowledge I think almost all potential coins are always listed on CMC because it seems to be the home or all coins.

Quote from: Issa56 on August 14, 2024, 03:50:32 PM

Quote from: KillerEyez on August 14, 2024, 01:41:46 PM

[Edited out]

The project team does pay coinmarketcap and coingecko to list their coin on their site, so any project can decide to do that at any moment, but you should know that the coin being listed on coinmarketcap and coingecko doesn’t guarantee that the coin is going to perform well in the market, so don’t think all the coins listed on coinmarketcap are going to perform well.

Perhaps all coins listed in coinmarketcap or coingecko are always considered to at least go a long way than ones that are not listed on any of this platform but of course it doesn't mean its guaranteed to do well or become of any value and that's same reason fraud or scam coins even get listed on those platforms.

Now see this becomes confusing again... the other day i inquired about CoinGecko and I was assured that all coins listed there are genuine... but it seems all may be not!!

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I would suggest you not to run for coins like this. These are not listed in coinmarketcap, which means that they have not fulfilled the criteria for listing. If they haven’t, then there might be some shady things involved. Yes, these types of coins can give good profits if bought early, but these coins also come with huge risks of turning into scams. Hence, if you love your hard-earned money, then it’s better to choose coins with good and big people supporting it.

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Quote from: yhiaali3 on August 14, 2024, 10:01:43 PM

It is not necessary for a coin to be listed on CoinMarketCap to be good or available for trading, it can be listed on other altcoin listing sites other than CoinMarket.

Also some meme coins can be traded instantly on DEX by contract address without being listed, some people think that listing on CoinMarketCap makes a coin good and this is not true at all, there are a lot of scam coins listed on CoinMarket.

but taking it this way will also exposes us to scam coin and rugpulls, maybe at some point you can be trading a fake coin too, there were scam coins in coinmarketcap but the amount of scams that you're exposed to significantly increase when you just pick some random contract address and decide to use it in uniswap or any other dexes for example and as it turns out it was a fake contract address all along.
so I think coinmarketcap still plays a role in giving us assurance that at least the data shown in their website are reliable enough to be trusted.

Plaguedeath

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If you buy meme coins when it has been listed in top sites like Coinmarketcap, Binance, etc, it's better to stay away since you're high likely will buy at the peak. The earlier you bought the coins, the better reward you will earn.

Airdrop > presale > listing on swaps > listing on small CEX > listing on middle CEX > listing on big CEX.

Most people bought when it listed on swaps or small CEX.

yhiaali3

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It is not necessary for a coin to be listed on CoinMarketCap to be good or available for trading, it can be listed on other altcoin listing sites other than CoinMarket.

Also some meme coins can be traded instantly on DEX by contract address without being listed, some people think that listing on CoinMarketCap makes a coin good and this is not true at all, there are a lot of scam coins listed on CoinMarket.

Topic: If An Altcoin is Not Listed on Coinmarketcap - Will it Never be? - page 3. (Read 720 times)