https://medium.com/@coinmarketcapped/intro-how-coinmarketcap-cmc-manipulates-the-market-by-showing-fraudulent-information-to-the-c1246a953144

after reading this article i think we as a community need to boycott cmc. they control the narrative for so many coins and the market is totally oblivious. its easy for them to update 'inaccurate information' at a convenient time to boost the marketcap of the coin. this is incredibly sketchy!! they are probably insider trading.

the fact that we all use coinmarketcap as our de facto standard for marketcap metric is not healthy in the market for one organization to hold this much power. what about a blockchain solution for ranking system for all blockchain projects?! see audit of all coins..

there's so many other sites
onchainfx
coinloop
spirai
cryptowatch
even BINANCE has their own repo of marketcaps individually calculated and updated according to their information.

don't even get me started on why we should total supply (not circulating) to calculate marketcap. what do u think? is coinmarketcap legit?