Post
Topic
Board Altcoin Discussion
Re: Is CoinMarketCap a scam?
by
RealMalatesta
on 17/09/2021, 12:26:28 UTC
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.com it’s one of the trusted and unbiased platforms right now for checking the price of cryptocurrencies and their market caps. I wouldn’t have believed what you  said now if not that I decided to reach their website and know whether it’s true or not, and from what I’ve seen it is true. The coin you have mentioned is ranked at 201, while it is worth over$68 billion in market cap. Then when you go to the page 2 there are other cryptocurrencies that are worth millions of dollars but are still ranked in the top 200.

Maybe this will be an error with their system or maybe this particular coin doesn’t meet up with some of their criteria to be ranked in that position. Even at that we should all know that this is one of the trusted platforms that we have all been using for years now, and you can’t say that they are scam, because they don’t really do anything that has to do with your money.