Topic: PooCoin vs CoinMarketCap - page 4. (Read 494 times)
Poocoin gets data based on what is written on its smart contracts and occurs in a decentralized manner by the system. Coinmarketcap must wait for coinmarketcap feed admin approval and be manually processed centralization. If effective maybe Poocoin is more effective can even know the details of shitcoin though. However, the matter of Coinmarketcap confidence is superior because everyone is focused on coinmarketcap is a quality coin that occupies the top position.
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 place for people to check chart and price of tokens on Binance Smart Chain. If those tokens are not on any centralized exchange, and only listed on decentralized exchanges like PancakeSwap, Poocoin is good site for you to find such information.However, if no trading volume, the chart on Poocoin will degrades gradually. So to maintain the chart, tokens have to maintain their trading volume.
Coinmarketcap didn’t provided accurate data most of the time & i see many thread already created against wrong data. Whatever, i never used PooCoin and while it’s ridiculous thing to hear, I heard this name today. Coingecko is my favorite instead of CMC. Their most things accurate than CMC.
The resources are very related in their focus. On one of them, you can get information about a huge number of coins, but often even very bad projects are there. Another resource is more important to me as a way to get information about more proven coins, although there are bugs and problem developers there too.
Poocoin, dextools and similar platforms have realtime data based on trading activity that occurs on contracts liquidity. So, for example, 1 token costs $0.1, if there is a purchase of x amount, then the price will change to $0.11 because there is a demand. This price change then be displayed on the platform based on the dex API (eg BSC, the API used by poocoin is Pancakeswap). The delay that occurs in CMC is probably due to the routing API, so there is a slight price difference that arises. This is also to prevent the server from working redundantly at one time (CMIIW). And for marketcap, the calculation algorithm should be the same between CMC & Poocoin
Yes, I have also noticed that Poocoin is more accurate than Coinmarketcap about shitcoins info and Also there are many coins that are not listed on coinmarketcap but we can see their info on Poocoin.
I only use Poo Coin for coins I can't find on Coinmarket cap but I think the coins on the market cap are more reliable rather than some shitcoins that was listed on the PooCoin but its also useful for some legitimate new BSC projects.
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 specialise on bsc chain, for me this is more accurate when it comes to bsc projects since its real time. As far as I know on cmc, data feed aren't real time and just also basing their analysis on some oracles and database. But not saying its more reliable, both are good but when it comes to bsc tokens then go for PooCoin.But the best move is used the exchange data itself.
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'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.
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