Quote from: tvplus006 on September 15, 2021, 09:20:48 PM

Quote from: DrBitcoin on September 15, 2021, 11:32:58 AM

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?

I always believed that the only criterion for getting a coin on the first two pages of the rating is its capitalization, but as it turned out, I was wrong. After I carefully looked at the coins that are located in front, I noticed that they are all traded on Binance, Binance DEX or another TOP exchange. Obviously, this, along with capitalization, serves as the main criterion for evaluating coins. And until Hex and Safemoon are listed on the Binance, they will never rise higher in the Coinmarketcap rating.

I do not remember exactly when the website was bought by binance but I remember thinking that it was a conflict of interest and that eventually binance may try to tweak the results to favor themselves, and it seems this is what is happening.

Now some people may argue that they are filtering scams and it is true, but the purpose of a tool like that is just to measure the market cap of each coin, once they begin to add other criteria that have nothing to do with it then it becomes something closer to a review site, and as we know most of those websites are not to be trusted and it seems something similar is happening here, so the website is not a scam but at least I would not trust their results either.