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 am not sure but I think you can get listed on the top in CMC by just paying them. CoinMarketCap considers this as their "advertising service". Though, I might be wrong, but yeah, many shit exchanges do get listed as a top exchange.
But, are the developers this stupid that they will fall for the fake exchange trap and list their coin over there? If they are, I would say their aren't capable of being a developer of a project.