Im starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons
1. Many dead projects still on cmc
2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap
3. Cmc doesn't verify authenticity of projects before listing it
4. CMC now have ads of fake icos on their website thereby leading people to scammers
Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic
Let me stop here and anyone against it should bring a proof to counter it
Or offer more options
1. As long as they are on an exchange, have some trading volume and supply - they're clearly not dead. And unless they have all of these, they won't be on CMC - maybe you can give an example to prove me wrong?
2. Could you elaborate? Their formula is incredibly simple - circulating supply X average last trading price from all exchanges listed.
3. It's not their job to verify it, they take data from exchanges, and exchanges are the people who need to verify proejcts.
4. This one is absolutely true. They were kind enough to remove the OneCoin ponzi, but once Bitconnect gave them money they listed and advertised them. This is why I moved to coincap.io.