Post
Topic
Board Altcoin Discussion
Re: Is CoinMarketCap a scam?
by
faithupgrade
on 16/09/2021, 15:37:25 UTC
They rank the coin according to some criteria and one of the biggest factor is their marketcap. If a crypto has a huge volume it will surely rankup in the coinmarketcap. Sorry but I cannot see the reason why you call coinmarketcap a scam?

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?