PooCoin vs CoinMarketCap - page 2. | Bitcointalksearch.org

Dr.Osh

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Quote from: Kitaiev on December 15, 2021, 07:17:31 AM

Of course PooCoin provides more reliable data than CoinMarketCap and you could see for yourself yesterday.
PooCoin provides data from a specific place and from a specific pair while CoinMarketCap provides information from all resources where the data may not be correct.
Personally I trust more PooCoin.

but PooCoin can only be used for bsc platform coins if I'm not mistaken. in terms of data, maybe PooCoin is still superior because its reach is not so wide. however, personally, I use CMC more than PooCoin. I also trust CMC although sometimes I do more in-depth research on my portfolio.
well, but it's just a point of view difference, I sometimes use both. other than that, both are very nice to use.

Coin_trader

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Quote from: PercT4b on November 10, 2021, 06:26:05 AM

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?

Poocoin is the most accurate since they are fetching data directly to the smart contract of the token. But you can only see limited info there since smart contract data is limited. But since the accuracy is main concern here so I guess poocoin has a great advantage on showing accurate data for a certain project you are talking.

Coinmarketcap is good for getting the over all data such as links to website & social media, history of prices, general overview of the project and other info you need to need to know if you are doing a fundamental analysis.

Wildwest

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For now poocoin does have information about shitcoin more accurately when compared to CMC, but instead CMC can not collect more detailed data about shitcoin because currently there are so many shitcoin scamers that CMC does not fully update the shitcoin data that is less clear, and this is very different from Poocoin they list all the shitcoin that exists even useless coins, I think we can use both of them even if it's a little different.

Kitaiev

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Of course PooCoin provides more reliable data than CoinMarketCap and you could see for yourself yesterday.
PooCoin provides data from a specific place and from a specific pair while CoinMarketCap provides information from all resources where the data may not be correct.
Personally I trust more PooCoin.

laredo7mm

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Quote from: PercT4b on November 10, 2021, 06:26:05 AM

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?

I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?

P.S: I'm perfectly aware of the risks and the problems that a shitcoin can cause.

PooCoin shows real-time data and you check every recent transaction live that happens on BSc chain. It's more accurate and updated than coinmarketcap. But as I know poocoin doesn't provide their service for other chains so you can also use another popular site called dextools.

Dextool supports most of the major blockchain and you can see the current market cap, TVL, token holders, etc in real-time. They also have a trading bot and some premium services for their premium users.

I like coinmarketcap for many reasons and one of them is for their upcoming project list which is pretty useful for an investor like me.

apur688

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I think CMC is the better one. Almost all of crypto users agree with this. I don't know why, CMC is look like coingecko actually, but CMC gives more features, having a ranking systems for coin and exchanges, etc.
Any coins that listed here usually getting higher in price

But poocoin, I think it's just like another chart platform, nothing special

asriloni

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Quote from: omone1 on December 02, 2021, 04:17:11 PM

I use Poocoin for new projects yet to be listed on coingecko, this is to get some statistical history and draw my decision. Coinmarketcap seems to give a better long-term history and it's more popular.

CMC is far reliable compared with poocoin. Poocoin used by so many shit token gamblers. that's why it was always listing the shit token or it's only focusing in the tokens that listed in the BSC and ethereum dex.
CMC is owned by binance exchange site and then this is also having different matcs combined with the various things. Poocoin is a copy cat from dextool but this is being dedicated for the doge shit token and that's why you will be seeing majority of people are using this site to know what new shit token that comes to the market. This is not comparable with CMC as it's fully backed by binance. Poocoin was only focusing on BSC and polygon.

Coin-1

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Quote from: PercT4b on November 10, 2021, 06:26:05 AM

I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?

It would be more correct to call these assets "shittokens" rather than "~~shitcoins~~", because the Poocoin service is focused mainly on the Binance Smart Chan tokens. I think you are right. Almost all BEP20 tokens are usually traded on the PancakeSwap decentralized exchange, so the Poocoin platform can automatically calculate the CAKE and BUSD LP Holdings in real time. It provides the total amount of the Market Capitalization, including locked and excluding burned tokens. Of course, Poocoin also illustrates the price chart and common data such as BSC transactions links. Moreover, Poocoin recently started supporting the Polygon (Matic) and KuChain (KCC) networks, so I imagine this trustworthy service will be even more useful in the future.

The CoinMarketCap website is pretty ideal for providing real information on Bitcoin, Ethereum and other coins, but I also use the Poocoin platform to estimate the potential of the BEP20 token I am going to invest in.

senyorito123

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Quote from: PercT4b on November 10, 2021, 06:26:05 AM

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?

I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?

P.S: I'm perfectly aware of the risks and the problems that a shitcoin can cause.

I'd rather choose CMC instead of poocoin, because shitcoins was usually reported at this website compared with trusted coinmarketcap. I find this as reliable source for so many years and they're accurate on tracking other inactive projects that doesn't have good trading records. Same with my shitcoin holdings, they're providing real time track that it doesn't have an active community in this present times.

SlimShadyMmp

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Totally two different things to me I think poocoin is more like dex and other related swap quick info but CMC is like general information on different currencies and supplies I mean if you are mostly on dex 247 then ofcourse fire on but need all info I think CMC and Geicko gets the job done faster

omone1

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I use Poocoin for new projects yet to be listed on coingecko, this is to get some statistical history and draw my decision. Coinmarketcap seems to give a better long-term history and it's more popular.

wheelz1200

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Quote from: PercT4b on November 10, 2021, 06:26:05 AM

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?

I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?

P.S: I'm perfectly aware of the risks and the problems that a shitcoin can cause.

Cmc is definately less accurate. They are known to have glitches in prices, especially BSC tokens which makes the price look like it pump 1000s of percent when it really hasn't. Cmc is alright but I wouldn't use that as the end all be all

masterrex

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Quote from: PercT4b on November 10, 2021, 06:26:05 AM

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?

I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?

P.S: I'm perfectly aware of the risks and the problems that a shitcoin can cause.

I guess for BSC base tokens PooCoin is reliable since it was using the real-time data from the exchange itself, and only focus on one Network which is the BSC, but Im doubting on CMC because they are giving service and insight in too many Networks that's why it may experience delays and lags so I guess you are on the right track by using PooCoin as the realtime data source for BSC tokens.

josephdd1

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I know that Poocoin shows information about new projects what is really valuable as not many other platforms provide this information. Nevertheless, Poocoin is focused mostly on Binance Smart Chain and Polygon, while coinmarketcap cap supports more coins from all networks and more info about them including exchanges and pairs where to trade this coin.

uelque

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Well, if we are talking about realtime data and shitcoins, then poocoin is much more reliable. Market capitalization is not being shown in coinmarketcap unlike in poocoin because I believe they are following a certain standard regarding the visibility of marketcap data on their platform. But if you're into much bigger altcoins or tokens, already listed on various exchanges, and want to always be updated about it's current price and marketcap in a much hassle free environment then coinmarketcap is well recommended, or either coingecko because they are both good platforms.

So for me, it actually depends on what you are looking for.

Jackl87

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Quote from: PercT4b on November 10, 2021, 06:26:05 AM

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?

I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?

P.S: I'm perfectly aware of the risks and the problems that a shitcoin can cause.

I have not that much experience with PooCoin because i have not used that much as of now, but i am pretty sure that coinmarketcap is definitely not the fastest site that shows all the cryptocurrencies with their relevant stats. For small or relatively new coins i use coingecko a lot because they are faster with showing data of new projects. Coinmarketcap also has the rule that it is not verifying the total market cap of a project if it is not listed listed on a least 3 different exchanges. This for example leads to the weird circumstance that a big project liked Radix which has a total market cap of aroudn 12 Billion $ and should be a top 20 coin is still at rank 2900 at coinmarketcap.

_IRMAN

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Quote from: adzino on November 10, 2021, 04:40:52 PM

Heard of the name Poocoin, but didn't know it was a DAPP created on binance smart chain until today. I always thought it was a platform that lists all shitcoins and tracks the data, hence the name haha. Still wouldn't use it. Maybe it's the name.

Poocoin is an alternative if you have trouble swapping on pancakeswap. PooCoin has an auto slipage feature, where slipage will automatically adjust to what is needed, and poocoin also has features such as dextools.

Doell

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both are tools for us to use in tracking or just to check prices ,I'm not too focused on other things ! I personally was quite helped by the existence of poocoins on my mobile phone because dex had to enter a value in order to know the price ^{which is not on coinmarketcap or others} to be honest coinmarketcap is still a favorite but if there are other options why not ,and not everything has to be perfect !

dansus021

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poocoin and other dex tools is accurate they using data from the transaction and LP based on decentralized exchange and cmc usually tracked based on API on centralized exchange but sometimes othe dextools not accurate because only took one source like only pancakeswap the dex is a lot there is apeswap mdex and other

harizen

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Quote from: PercT4b on November 10, 2021, 06:26:05 AM

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?

I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?

Data and information about a certain coin are sometimes wrong or outdated. It's normal and common to encounter.

No need to judge if one of those tracking sites is sh*t. If you want certain information, you can check that particular coin on all tracking websites. See if there's any information that different from another.

I consider CMC and Poocoin as a good references for coin information. If there's an outdated one, we can always reach them for a prompt.

Topic: PooCoin vs CoinMarketCap - page 2. (Read 477 times)