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It's because of Coinmarketcap gets rid of them. You refer to +2100 alts, but there are over 10,000 in reality. 2100 is only what Coinmarketcap allows you to see.
True, but when we are talking about the total crypto market cap, $175 billion currently, we are talking about the sum of market caps of all the coins listed on CMC, right? We don't take all those 10,000 other coins into account.
Right now if you haven't got x amount of volume to justify a certain market cap, they will delist you.
Projects have gotten more cautious because being delisted from Coinmarketcap very likely means the end of your project.
Exactly. And that's why I think that currently we can say that market caps of coins listed on CMC are more or less correspond to reality.
And, I'm sorry, but I still don't understand, how disappearance of $3 billion worth of tokens(USDT) can affect the market($175 billion) significantly?