Post
Topic
Board Altcoin Discussion
Re: CZ and Coinmarketcap
by
cryptothreads
on 31/05/2020, 15:08:25 UTC
I knew this day will come, finally CZ changes the rules on coinmarketcap, now all projects are ranked with Liquidity, good bye to fake volume, have anyone else noticed this already?

For the past 3-4 years, I used to trust Coinmarketcap blindly. But not anymore. Nowadays I am verifying whatever information I get from Coinmarketcap, by comparing them with other sites such as Coingecko. But then, I have to say that I haven't noticed any major manipulation from Coinmarketcap till now. It looks as if the autonomy of Coinmarketcap is being maintained, at least on the outside.
Coinmarketcap is a great place to see the prices of some coins, but if you check carefully, the trading volume here is fake trading volume and makes a lot of investors easy to make mistakes when investing.

I think since Binance bought Coinmarketcap it made me want to stay away from this site because Binance is trying to manipulate all of this market. Certainly CMC will support Binance a lot and you need to check carefully before deciding whether to join or not.