Topic: Is CoinMarketCap a scam? - page 2. (Read 600 times)
Coinmarketcap is the most accurate and reputable cryptocurrency tracking site available today. And I can assure you one thing that Coinmarketcap is not a scam their criteria are quite high and listed in top 200 coins are tokens that have to meet some requirements.HEX on #201 from many days for sure. There must have been some confusion about the analysis as well as the token requirements are still not enough.
Coinmarketcap designed by some rules and regulations, Possibly HEX or SafeMoon didn’t meet their requirements so that it’s ranked in CMC after top 100. Even i have seen HEXcoin not listed any reliable centralized exchanges. How it can be deserve in top hundreds list. But i don’t judge a project by provided information of only CMC, Besides most of the time i checked another tracking sites like as Coingecko is another most visited coin tracking site.
They must qualify on those regulations so they can still be on a good position on coinmarketcap and we know tjay this is just a coin tracker that exchanges/wallets mostly based on for token to have value and I don’t see this as a scam, maybe people are just unaware of the regulations and requirements. If those coins/tokens keeps on following the regulations, there will be no problem like this in the future. I’ve been using them for years, I know Binance owns them…but I can’t understand why page 3 (starting at #201 Hex) has coins like Safemoon, that have a higher market cap than every coin on page 2…but is stuck on page 3.
It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.
What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?
It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.
What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?
Can you give an example of your argument? Coinmarketcap is used by many investors as a guide in viewing market circulation, and other important notes about crypto. If Coinmarketcap tries to commit fraud in terms of market capitalization, then most investors today will make the mistake of choosing which coins to invest in.
Well coinmarketcap may not be 100% accurate in their listing and for a coin to make the top 200 list some criteria need to be met and most coins find it hard to meet up with that condition, which is why investors always look further than just relying on coinmarketcap for top-performing coins/token.
There are more investors too that are looking on coinmarketcap for the coins that they decide to invest. But these days, it's not only coinmarketcap that's being visited but as well as various the same type of websites because of the better comparison of data that they project to their visitors. IMO, CMC has improved when Binance took over it but I find it annoying with those added features that they have for which more of too much for me. 
Coinmarketcap designed by some rules and regulations, Possibly HEX or SafeMoon didn’t meet their requirements so that it’s ranked in CMC after top 100. Even i have seen HEXcoin not listed any reliable centralized exchanges. How it can be deserve in top hundreds list. But i don’t judge a project by provided information of only CMC, Besides most of the time i checked another tracking sites like as Coingecko is another most visited coin tracking site.
I do not remember exactly when the website was bought by binance but I remember thinking that it was a conflict of interest and that eventually binance may try to tweak the results to favor themselves, and it seems this is what is happening.
Now some people may argue that they are filtering scams and it is true, but the purpose of a tool like that is just to measure the market cap of each coin, once they begin to add other criteria that have nothing to do with it then it becomes something closer to a review site, and as we know most of those websites are not to be trusted and it seems something similar is happening here, so the website is not a scam but at least I would not trust their results either.
Now some people may argue that they are filtering scams and it is true, but the purpose of a tool like that is just to measure the market cap of each coin, once they begin to add other criteria that have nothing to do with it then it becomes something closer to a review site, and as we know most of those websites are not to be trusted and it seems something similar is happening here, so the website is not a scam but at least I would not trust their results either.
I think you will agree with me that it is impossible to put a coin that is traded on Binance and a coin that is traded on Yobit on the same level. So, very simply and with little financial expenses, you can pump coins on the Yobit exchange and this price will serve as the basis for calculating the total capitalization of the coin. In this case, if Binance used only capitalization as the basis for calculating the rating, then we would be able to see a shitty coin in the first places of the rating.
I’ve been using them for years, I know Binance owns them…but I can’t understand why page 3 (starting at #201 Hex) has coins like Safemoon, that have a higher market cap than every coin on page 2…but is stuck on page 3.
It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.
What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?
It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.
What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?
Coinmarketcap places the order of coins based on marketcap. The way to calculate marketcap on Coinmarketcap is, coin price * circulating supply amount.
If you've counted but found something wrong, then Coinmarketcap has manipulated the market. But I have calculated it, found no error. Only slight differences, due to changes and differences in token prices in exchanges.
Well coinmarketcap may not be 100% accurate in their listing and for a coin to make the top 200 list some criteria need to be met and most coins find it hard to meet up with that condition, which is why investors always look further than just relying on coinmarketcap for top-performing coins/token.
I’ve been using them for years, I know Binance owns them…but I can’t understand why page 3 (starting at #201 Hex) has coins like Safemoon, that have a higher market cap than every coin on page 2…but is stuck on page 3.
It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.
What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?
It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.
What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?
I always believed that the only criterion for getting a coin on the first two pages of the rating is its capitalization, but as it turned out, I was wrong. After I carefully looked at the coins that are located in front, I noticed that they are all traded on Binance, Binance DEX or another TOP exchange. Obviously, this, along with capitalization, serves as the main criterion for evaluating coins. And until Hex and Safemoon are listed on the Binance, they will never rise higher in the Coinmarketcap rating.
Now some people may argue that they are filtering scams and it is true, but the purpose of a tool like that is just to measure the market cap of each coin, once they begin to add other criteria that have nothing to do with it then it becomes something closer to a review site, and as we know most of those websites are not to be trusted and it seems something similar is happening here, so the website is not a scam but at least I would not trust their results either.
Safemoon is mostly traded on decentralized exchanges and it has very low volume. It's market cap is not an accurate reflection of it's value. I can see why they would exclude it from the top 200. Market cap can be a misleading statistic so I've never really paid attention to any coin's ranking.
Although we get a lot of benefits from coinmarketcap but we must be careful and vigilant because the fact that I often get is when I want to sell coins or tokens based on references on the coinmarket it is often different. Because coinmarketcap is very popular of course get offers from coins or tokens that want to look promising.
By looking at the CMC alone, you can't tell if such coin is really promising, you have to dig more, make some research using different sources so you will see the real potential of the project. CMM just lists the coins and their references, it doesn't tell you to invest in a certain coin, except for those they advertise.
Safemoon is mostly traded on decentralized exchanges and it has very low volume. It's market cap is not an accurate reflection of it's value. I can see why they would exclude it from the top 200. Market cap can be a misleading statistic so I've never really paid attention to any coin's ranking.
Although we get a lot of benefits from coinmarketcap but we must be careful and vigilant because the fact that I often get is when I want to sell coins or tokens based on references on the coinmarket it is often different. Because coinmarketcap is very popular of course get offers from coins or tokens that want to look promising.
Safemoon is mostly traded on decentralized exchanges and it has very low volume. It's market cap is not an accurate reflection of it's value. I can see why they would exclude it from the top 200. Market cap can be a misleading statistic so I've never really paid attention to any coin's ranking.
Coinmarketcap does not take any money, why should it be a scam?
It is very easy calling every site a scamsite but you also need to deliever a proof where it can scam people.
Coinmarketcap is just a listing site, it can't scam people.
It is very easy calling every site a scamsite but you also need to deliever a proof where it can scam people.
Coinmarketcap is just a listing site, it can't scam people.
Just understand that it can't please all the things that we want. If I say I'm still very satisfied and have no problem with such ratings, I know about HEX but so what? 
Maybe OP wanted it to appear in the top3 CMC, but CMC didn't, and I don't care because it really doesn't matter. And if you still want that to happen, create your own and please yourself.
Maybe OP wanted it to appear in the top3 CMC, but CMC didn't, and I don't care because it really doesn't matter. And if you still want that to happen, create your own and please yourself.
If you are going to ask me about coinmarketcap, I think this is a legit website and this has been the most trusted website cryptocurrency investors and traders can also rely on for information about their crypto investments. This is not a scam I am surprised that people are calling it a scam. The projects listed on the website are enormous and also has thorough information that you can rely on it for many of your information needs.
https://coinmarketcap.com/alexandria/glossary/rank
I think, everything is in the article above. how does the ranking system work and how the team from cmc does it.
as i see, we can see the ranking of other coins based on price and volume for 24 hours, if there is some data that you think is not suitable, there might be a bug there and the project team needs to update information about updates such as tokens burned and amount current token circulation, so that the CMC team can update the coin
I think, everything is in the article above. how does the ranking system work and how the team from cmc does it.
as i see, we can see the ranking of other coins based on price and volume for 24 hours, if there is some data that you think is not suitable, there might be a bug there and the project team needs to update information about updates such as tokens burned and amount current token circulation, so that the CMC team can update the coin
That is the reason I was not actually invigorated when it became public that coinmarketcap was purchased by binance, since it is rarely great on the off chance that one organization needs to much impact in any business. The majority of the monetary standards are recorded here and the 10 monetary forms recorded by coinmarketcap are useful for contributing different data about tokens can be learned through this market cap.
I don't know and don't understand but since using coinecko I never use coinmarketcap again, because it is more accurate to use coinecko, and page 3 as you said there is no problem at all, some new coins may be listed earlier in cmc but it doesn't prove that the coin is worth/good.
so its better use coingecko than cmc.
I think Coinmarketcap has no problem and is still a trusted site to this day because we can see that many people are using Coinmarketcap to find information about coins,so its better use coingecko than cmc.
and if talking about Coingecko and Coinmarketcap I think they are two good sites so it comes back to everyone's decision which site to use
I don't know and don't understand but since using coinecko I never use coinmarketcap again, because it is more accurate to use coinecko, and page 3 as you said there is no problem at all, some new coins may be listed earlier in cmc but it doesn't prove that the coin is worth/good.
so its better use coingecko than cmc.
so its better use coingecko than cmc.
I don't think so, coinmarketcap top ranking has met the criteria with the supply circulation and market cap that has been achieved. because every coin/token that has entered Coinmarketcap has a good fundamental and ecosystem. Moreover, Binance has a user-friendly platform and development that has a positive impact on the crypto world, it is impossible to scam because there is no negative impact on traders or investors.
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