Question about marketcap / coinranking

odolvlobo

legendary

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Quote from: Emma Chamberlain on October 20, 2020, 03:37:05 PM

Its essentially the first blockchain certificate of deposit and hex was given free to any btc holders that signed a message with their eth address.

It is not a "certificate of deposit". It is similar to a bank paying interest with beanie-babies instead of dollars.

Hex is not a ponzi scheme. It is a sophisticated pump-and-dump.

When the staked coins are air-dropped on November 19, they will be become worthless because nobody will have a reason to buy them. Anyone that is buying hex now is going to lose it all.

H1N1

full member

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It is strange indeed. If HEX already have marketcap around $1,993,432,825, then it should be on the top rank.
But you can see the 'question mark button' on the right side of the rank position, it says the listing is not eligible for normal ranking.
I think it will need some additional verification regarding HEX marketcap amount. If it is verified, then it will be on the proper rank position.

Tipstar

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Vave.com - Crypto Casino

Coin ranking sites seems to be implementing new rules to save users from obvious scams. But the rules implemented for ponzi tokens sometimes may affect legit coins in their rankings. It's not that the ranking is everything but market observers and analyzers would be taking the rankings for historical as well as analytical data. It would have been better if they just went through marketcap and display a visible warning for every suspicious coins.

tranthidung

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Farewell o_e_l_e_o

Quote from: kitkatbars on October 20, 2020, 02:07:39 PM

I invest into this coin but my understanding is confused, marketcap for this coin(https://coinmarketcap.com/currencies/hex/) shows 1.8 billion so it should be rank at 17th spot according to this but it dont appear on first page anywhere. Is this some type bug or something.

Coinmarketcap also updated their ranking methodology recent months (the last one can be in August). Ranking Methodology Updated! New Metric Coming Soon (it was done in 2019).

The marketcap will be calculated as below (circulating supply x temp price).

Code:

. di 375574196746*0.005080
1.908e+09

As you see, the problems behind marketcap are from both 2 variables:

Circulating supply: huge supply will affect marketcap
Pumps affect price and marketcap (such as x10 pump within 24 hours will cause marketcap increases more than x10 -- at the same time circulating supply will increase a bit too)

HEX is a scam and the scam team tried to contact Andreas with the offer of 10 BTC if he accepts their interview from HEX project and prove that one is not a scam.

Emma Chamberlain

newbie

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Quote from: TryNinja on October 20, 2020, 03:18:41 PM

Quote from: Emma Chamberlain on October 20, 2020, 02:58:27 PM

I disagree with your opinion on it being financial suicide, it has been very good to me.

I'm not saying HEX is a ponzi, because I simply never heard of this coin. But Bitconnect has been "good" for many people while it kept working and paying... until it didn't.

That's the worst kind of argument you can use when talking about your favorite coin/project being a ponzi or not. All ponzis work for some time until they rip people's gains instantly. You either pull out your money before this happens or you lose everything.

What do you think will happen when people unlock their HEX and can dump them on the market?

Watch richard hearts videos and you would get a better understanding, he is a bitcoin OG that used to mine 50 btc blocks.

Its essentially the first blockchain certificate of deposit and hex was given free to any btc holders that signed a message with their eth address.

TryNinja

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Quote from: Emma Chamberlain on October 20, 2020, 02:58:27 PM

I disagree with your opinion on it being financial suicide, it has been very good to me.

I'm not saying HEX is a ponzi, because I simply never heard of this coin. But Bitconnect has been "good" for many people while it kept working and paying... until it didn't.

That's the worst kind of argument you can use when talking about your favorite coin/project being a ponzi or not. All ponzis work for some time until they rip people's gains instantly. You either pull out your money before this happens or you lose everything.

What do you think will happen when people unlock their HEX and can dump them on the market?

Emma Chamberlain

newbie

Activity: 14

Merit: 0

Quote from: OgNasty on October 20, 2020, 02:32:27 PM

HEX isn’t a Ponzi scheme. It’s just a shitty token that raised enough funds to keep the price artificially high due to a vast majority of the tokens being locked and unable to be sold. Investing in it at this point in the manipulation cycle would appear to be financial suicide.

.

I disagree with your opinion on it being financial suicide, it has been very good to me. But out of curiosity did you freeclaim your hex im guessing you hold a lot of btc going by your account age. Its something like 90$ of hex for each bitcoin if you claimed at the start. Richard always talks about how he gives out free money and advice while all these other scammers operate. I think if you watched Richards videos you would understand the kind of future hex has.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

It's probably because their circulating supply isn't clear. Even the owners themselves don't know the answer Grin

From: https://hex.com/faq/

Quote

Only guesses can be made as it's a function of how many people claim, when they claim, how many were referred. The bonuses paid increase the supply. The circulating supply is a function of how many coins are staked, also impossible to predict. Over 50% of coins staked seems like a reasonable guess because of all the great bonuses paid only to stakers.

https://etherscan.io/token/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39
Even etherscan is asking for more token burn details if you explore the contract address to determine the circulating supply

As far as i know, Hexcoin is not even supposed to be ranked anywhere.

Questions are;
1. Why are you still using coinmarketcap? Most of their information is inaccurate.
Coingecko nailed it. You can't calculate marketcap when you don't know what the circulating supply is which means coinmarketcap is lying to us.

This is what coingecko did and it was the right move

2. Why do you invest in coins that are not even transparent enough to show details of their circulating supply?

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

But only what I have noticed is that since binance ceo purphaed coinmarketcap, certain things have been changed, there are many coins like that now thay are listed in the rank they ought not to be listed, I have checked two other sites and coingecko now, the listing is good and normal like before unlike coinmarketcap. If there is any doubt in a coin, why listing it where it ought not to be listed, on other sites the coin marketcap like Hex in question are not even listed and makes it not fall in such position binance ranked the coin.

Quote from: OgNasty on October 20, 2020, 02:32:27 PM

HEX isn’t a Ponzi scheme. It’s just a shitty token that raised enough funds to keep the price artificially high due to a vast majority of the tokens being locked and unable to be sold. Investing in it at this point in the manipulation cycle would appear to be financial suicide.

That is why binance is wrong in the listing, if you check binance now, the coin is listed between 17(tron) and 18(stellar) at the up part, unlike other coin listing sites like coingecko that did not even include marketcap for such coin.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

HEX isn’t a Ponzi scheme. It’s just a shitty token that raised enough funds to keep the price artificially high due to a vast majority of the tokens being locked and unable to be sold. Investing in it at this point in the manipulation cycle would appear to be financial suicide.

kitkatbars

newbie

Activity: 1

Merit: 0

I invest into this coin but my understanding is confused, marketcap for this coin(https://coinmarketcap.com/currencies/hex/) shows 1.8 billion so it should be rank at 17th spot according to this but it dont appear on first page anywhere. Is this some type bug or something.

Topic: Question about marketcap / coinranking (Read 205 times)