Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading
Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges
I can understand your thought and you are 100% right about it. It's a foolish move to follow CMC or any kinda coin market cap website. They are not running there business smoothly. So it's better to find details about project's coin on your own. Do your trade those kinda exchange which are trust worthy. Otherwise you'll be fooled. [b=https://bitcointalk.org/index.php?topic=5198316.0]Here[/b] is a post i made about CMC couple of months ago. Hope you can find more info there.