I’ve been using them for years, I know Binance owns them…but I can’t understand why page 3 (starting at #201 Hex) has coins like Safemoon, that have a higher market cap than every coin on page 2…but is stuck on page 3.
It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.
What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?
Coinmarketcap is definitely not a scam but of course they decide themselves what criteria they use to rank the projects and I'm also pretty sure that they rank projects that have to do with Binance, are tradable on Binance or in which Binance itself has invested higher or put more in the spotlight than other projects. That is why i was not really excited when it became public that coinmarketcap was bought by binance, because it is never a good thing if one company has to much influence in any business field and i think that Binance is already very dominant in the crypto space and they are trying to become even more dominant.