https://medium.com/@coinmarketcapped/intro-how-coinmarketcap-cmc-manipulates-the-market-by-showing-fraudulent-information-to-the-c1246a953144after 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?
There is no valid reason you guys are saying here to boycott the CMC. From the starting time to now. No one reason or problem has been done with any people. I do not know these shared websites are legit or not.
But I believe this website is always for any new cryptocurrency investors.
People really wanna use the best site find the top cois in the market. Except this nothing works better mate.
I dont know whats on their minds and what they are trying to prove or fight on here about CMC. It might have some issues but not generally a big thing just on my part.I dont know for others but those are just on minimal. CMC would still remain on its spot on where it is commonly used as it should be.If you dont like to use CMC anymore due to such issue you can leave anytime yet there are alternatives in the market which do have similar function.