in actuality they are being ranked based on how much supply they have. if you check the top coins you can see they have huge supplies: ETH has more than 110 million, XRP has 100 billion,... and so on. and all of these coins that are staying on top have huge premines too which means majority of that supply is not even in circulation. again ETH has 72% premine, XRP is 100% premined,...
so when you calculate market capitalization which is supply * price, these coins remain on top by simply having a huge supply.
Topic: Raking in Price Charts (Read 110 times)
Don't use CoinMarketCap in any circumstances. Use openmarketcap instead.
It is very possible that shitcoins and shitcoin exchanges are bribing CMC to list their coins, exchanges.
Check this coin for example:
https://coinmarketcap.com/currencies/grin/
https://openmarketcap.com/cryptocurrency/grin-usd
According to CMC Grin's last 24h trading volume is as big as its whole marketcap, Marketcap is $40m, trade volume is $38m. This is a huge red flag and a lie.
According to OMC, Grin's last 24h volume is only $24k which makes a lot more sense.
It is very possible that shitcoins and shitcoin exchanges are bribing CMC to list their coins, exchanges.
Check this coin for example:
https://coinmarketcap.com/currencies/grin/
https://openmarketcap.com/cryptocurrency/grin-usd
According to CMC Grin's last 24h trading volume is as big as its whole marketcap, Marketcap is $40m, trade volume is $38m. This is a huge red flag and a lie.
According to OMC, Grin's last 24h volume is only $24k which makes a lot more sense.
How are those cryptocurrencies ranked in the price charts in Coinmarketcap, Bitscreeneer, Coingecko? Based on what criteria?
Why are there more expensive cryptocurrencies in lower positions than the ones above?
Why are there more expensive cryptocurrencies in lower positions than the ones above?
The default ranking of CMC is by marketcap, from the name of the site itself. It is primarily showing rankings based on how much a certain project is valued. Other details are also shown though. Market cap is basically computed as price per coin in circulation times the total circulating supply.
The prices of coins do not matter that much in terms of ranking because of their circulating supply. Even if a certain coin is valued at 1 cent only if it has a much larger circulating supply than the coin which is valued at 1 USD, it will still have a higher market cap. If a coin is valued at 1,000 USD and has only 10 circulating supply, it will still remain at the bottom.
Those ranks isn't about how expensive a coin but its based on market volumes, which mean there are have most-interest in crypto market. No matter if a coin more expensive than ethereum if that coin just has lower volume in market. That stil nothing to compare with.
If you see rank on coinmarketcap i think the ranked of cryptocurrency is based on market capitalization of the coin. I think many people in crypto world already know this point.
By capitalization. Or for the total amount of money. Coin price * number of coins in circulation = rank.
Thus, in this case, the price does not matter.
Thus, in this case, the price does not matter.
How are those cryptocurrencies ranked in the price charts in Coinmarketcap, Bitscreeneer, Coingecko? Based on what criteria?
Why are there more expensive cryptocurrencies in lower positions than the ones above?
Why are there more expensive cryptocurrencies in lower positions than the ones above?
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