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
Have you heard of liquidity ranking? I doubt if you have because you can either check volume or liquidity ranking on cmc. Also note that those exchanges with fake volumes which appear at top on cmc exchange section doesn't mean they have "good ratings". Any project developer who goes to cmc, then decides to list on an exchange because of volume rankings is not a good project dev in the first place, what happened to research?