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Topic: Is CoinMarketCap a scam? - page 5. (Read 608 times)

legendary
Activity: 2268
Merit: 1655
To the Moon
September 15, 2021, 04:20:48 PM
#6
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?

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.
legendary
Activity: 1974
Merit: 4715
September 15, 2021, 04:00:29 PM
#5
If Coinmarketcap added coins to the rating only by assessing their market capitalization, then after 50th place you could see a lot of scam projects.
It is correct that each service should have its own criteria.
But if you don't like Coinmarketcap, then there are many analogues:
https://www.coinwatch.com
https://coinlib.io
https://coincodex.com
https://www.cryptocompare.com
https://www.coingecko.com/en
https://bitscreener.com
https://onchainfx.com

This was my first forum post.
https://bitcointalksearch.org/topic/m.52036652
sr. member
Activity: 1722
Merit: 269
September 15, 2021, 11:24:00 AM
#4
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?

Coinmarketcap is definitely not a scam but of course they decide themselves what criteria they use to rank the projects and I'm also pretty sure that they rank projects that have to do with Binance, are tradable on Binance or in which Binance itself has invested higher or put more in the spotlight than other projects. That is why i was not really excited when it became public that coinmarketcap was bought by binance, because it is never a good thing if one company has to much influence in any business field and i think that Binance is already very dominant in the crypto space and they are trying to become even more dominant.
copper member
Activity: 897
Merit: 1
September 15, 2021, 09:09:50 AM
#3
Coinmarketcap is a one hundred percent real and genuine platform for the crypto market analysis as I never heard of any scam from this platform from my crypto journey till now. I also see HEX on the #201 number from many days. I think that, this could be the platform analysis error or somewhat like.
legendary
Activity: 2380
Merit: 5213
September 15, 2021, 08:19:14 AM
#2
According to Coinmarketcap ranking criteria, for being eligible to be listed among the top 200, the coin/token must fulfill some requirements.
Most probably, the token you are talking about doesn't meet the requirements and that's why it's not displayed in the first two pages. 
sr. member
Activity: 350
Merit: 294
September 15, 2021, 06:32:58 AM
#1
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?
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