Quote from: koura_cc on October 30, 2019, 10:14:37 AM

Quote from: hoaryal1 on August 22, 2019, 12:05:13 PM

According to CMC, since the beginning of 2019 the crypto cap has tripled, and daily trading volumes passed $70B. However, some are questioning the legitimacy of this data. With individual & institutional investors flooding into crypto, its time to evaluate how many people are really trading crypto

After a disappointing 2018, crypto markets are booming once again.

Backed by institutional investors, growing numbers of individual enthusiasts, and broad support for its underlying technology, the blockchain, the entire crypto sector is seeing a resurgence.

According to data collected by CoinMarketCap, the collective crypto cap has nearly tripled since the start of the year. Led by Bitcoin (which has also tripled its value since its low point in 2018) cryptocurrencies are outperforming many other investment assets, including stocks, bonds, gold, and oil.

For those who witnessed cryptos meteoric rise in 2017, this years activity might seem incredibly familiar.

USDT fake volume

Many Exchanges fake volume

EOS fake how much they raised

So, How Many People Are Really Trading Cryptocurrency?

Article and more info about it

What do you guys think?

Market cap and volume trade are completely irrelevant when subjected to so much market manipulation and lack of regulation. There's really not much to draw from these numbers when they're a product of wash trading and the adoption rate still remains largely the same.
Only coins with an intrinsic value can offer a semblance of indication regarding incoming capital volume. So, looking at their behavior is tons more precise than what coinmarket is measuring.

Market cap and volume trade are relevant in decision making and the reason why its they are kind of gibberish in crypto that you are also thinking is irrelevant is because of the lack of trust in the which gives room for people to fake trades, manipulate data for their own selfish reasons. Not that all these manipulations are absent in stock market but there are rules which mitigate it to the barest minimum even when you flout the rule, there are appropriate punishments to be meted out which is why when they put out data from that end, people take not because its right but there are not enough substantive evidence to invalidate those figures.