Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Malam90 on March 13, 2021, 02:26:43 AM
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Today my eyes rise to forehead when i entered coinmarketcap for info. I saw that FLOW a new Coin which takes the rank 1 on coinmarketcap. Is it funny? Is it the greatest mistake of Coinmarketcap?
It's marketcap $110,883,232,890,392,688 which is unlimited x higher than Bitcoin. Lol :) :)
CMC link: https://coinmarketcap.com/currencies/flow/
(https://i.imgur.com/IMVc74W.png)
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To be honest, every time there's a mistake particularly overtaking the rank #1 where supposedly it is Bitcoin. My personal view to that is indirect/direct promotional. It is impossible that coinmarketcap didn't noticed this mistake not unless they did it purposely and then go back to reality again where Bitcoin is the real #1. Haha
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Looks like this isn't a mistake and it's a joke.
I have seen a list of 0 rankings on coinmarketcup. I don't think mistakes will happen over and over again. Because coinmarketcup is a trusted crypto coin information provider platform.
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I think we have to understand that CMC these days got the habit of either making a big joke or maybe having just another unique way of advertising something. I am also sure this is not a mistake as I know that people behind CMC are all very careful especially with the ranking because that is at the core of its business of being the best and the most popular crypto data aggregator. Maybe CMC is just making us laugh.
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Today my eyes rise to forehead when i entered coinmarketcap for info. I saw that FLOW a new Coin which takes the rank 1 on coinmarketcap. Is it funny? Is it the greatest mistake of Coinmarketcap?
It's marketcap $110,883,232,890,392,688 which is unlimited x higher than Bitcoin. Lol :) :)
CMC link: https://coinmarketcap.com/currencies/flow/
(https://i.imgur.com/IMVc74W.png)
In the morning I went to the CoinMarketCap table and did not notice anything unusual. After reading this topic, I went back in. The bug was apparently fixed rather quickly.
If someone wanted to do as it was several times earlier - to advertise a certain type of cryptocurrency, then they would indicate Flow, as before, under the number "zero", and this, apparently, was still a mistake, since Flow was just listed under the first number instead of bitcoin.
Maybe later we will find out the reason for such an unusual phenomenon.
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Probably you shouldn't be strict with Coinmarketcap, everyone has mistakes. And this is not the only mistake of this resource, often the coin shows a price - which does not actually correspond to the value of the coin.
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Today my eyes rise to forehead when i entered coinmarketcap for info. I saw that FLOW a new Coin which takes the rank 1 on coinmarketcap. Is it funny? Is it the greatest mistake of Coinmarketcap?
It's marketcap $110,883,232,890,392,688 which is unlimited x higher than Bitcoin. Lol :) :)
CMC link: https://coinmarketcap.com/currencies/flow/
(https://i.imgur.com/IMVc74W.png)
In the morning I went to the CoinMarketCap table and did not notice anything unusual. After reading this topic, I went back in. The bug was apparently fixed rather quickly.
If someone wanted to do as it was several times earlier - to advertise a certain type of cryptocurrency, then they would indicate Flow, as before, under the number "zero", and this, apparently, was still a mistake, since Flow was just listed under the first number instead of bitcoin.
Maybe later we will find out the reason for such an unusual phenomenon.
Yeah I believe they did that rather quickly and after the Game stop App thing I also saw this same issue on CoinmarketCap where I noticed that morning that WallStreetBet which I dont believe is actually any crypto asset was ranking No. 1 on CoinMarketCap and was also quickly corrected afterwards. I guess this issues happen with technology ;D
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Mistake?. Or a way to covertly promote that project?. You can call me paranoid if you want, but every day I believe less in those Coinmarketcap "mistakes", which coincidentally always put a new or little known project first. Mistakes like that can make something foam up.
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Now there are always mistakes on the coinmarketcap, so there is nothing surprising here, I have already stopped paying attention to this.
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Now there are always mistakes on the coinmarketcap, so there is nothing surprising here, I have already stopped paying attention to this.
It's a common mistakes of coinmarketcap authorities, a few days ago wallstreetbets coin on zero ranked position which made us astonished. But Flow in zero ranked providing wrong information which also astonished but not more .
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@Churphans what happened with Wallstreetbets was not a mistake, it was something done on purpose by Coinmarketcap to pay tribute in some way to what happened with the Robon Hood app. On the other hand, I don't understand what's going on with FLOW, which is why I said "covert promotion" in my previous post.
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We all are not far from mistakes so coinmarketcap also has made a mistake because we all have known BTC is the Father of all cryptocurrency and it has biggest amount of other coin so obviously coinmarketcap has made a mistake.
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TBH, it might be done from the developer side as developer team are improving the UI of CMC after binance has acquired it. Also, it's not any kind of tribute as Flow is now on 71th rank in CMC. Not only this, it was happened because of the wrong number about total circulating supply and maybe, it's just because of the api which cmc used to get data from the contract address of etherscan, IMO.
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To be honest, every time there's a mistake particularly overtaking the rank #1 where supposedly it is Bitcoin. My personal view to that is indirect/direct promotional. It is impossible that coinmarketcap didn't noticed this mistake not unless they did it purposely and then go back to reality again where Bitcoin is the real #1. Haha
I am also thinking that it can be a promotional thing. CMC can do this for money i suppose. Because it is not a small mistake at all to make one currency at the #1 position. But it can also happen that this a mistake of a bot to calculate.
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I feel I'm qualfied to comment on this, looked at the cap list for years. Wish they didn't list bad projects, same with similar lists. Better vetting is needed, if they cared
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Mistakes can happen, but if you make a mistake in some places, it can not be recovered, that can reduce your reputation. The mistake that the coin market has made is not desirable from their position. Moreover, they have made small mistakes before. I think they need to be aware.
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I think that this was probably just a promotion and nothing more, it is unlikely that it could be a system error in such a large service
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Coinmarketcap's interesting mistake, when they stumbled confused about FLOW's supply, or according to conspiracy theories, maybe this was how Dapper Labs got back to the market after the 2017 CryptoKitties event and the Binnace way to support the NFT market.
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It's not yet the April fools day so yep it's a mistake maybe the calculation of marketcap is wrong or maybe they trying to promote this coin, it seems they had already negotiate it.. who knows.. lol
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Flow is in position #74 on Coinmarketcap and does not have any trading pairs on Binance, I wouldn't be surprised if this "mistake" was to warn everyone that it might appear on Binance in the near future. I think Binance is capable of anything through its store (Coinmarketcap).
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We all are not far from mistakes so coinmarketcap also has made a mistake because we all have known BTC is the Father of all cryptocurrency and it has biggest amount of other coin so obviously coinmarketcap has made a mistake.
Yes , I agree with your opinion, we all can have mistake. So It is normal for Coinmarketcap. Maybe just human error. I think It will be fixed by the team. So keep calm and wait the team will fix it. Hopefully It never happen again.
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They have taken it off. Bitcoin is now the top ranking crypto. But I think coinmarketcap.com do it intentionally as a promotional stunt. They did it with one tissue project during the time Covid was raving, and it paid off. Raked off billions of dollars
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Well, am not surprised, cus In technology, mistakes like this are likely to arise, so coinmarketcap shouldn't be blamed cus those running the website are also human being like me and you reading this, we all have the same blood running through our vains and even the Bible says that no man is island, so no man is prone to mistakes, what matters is that we learn from our mistakes and never make the same again, as long as we live.
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The fact is that these are technical errors that coinmarketcap fixes in a short time. I believe that we will be more interested in the moment, Will the coinmarketcap abuse its capabilities, manipulating the data of various cryptocurrencies, and misleading cryptocurrency users. I believe that no one will like it if they draw incorrect and inflated figures for the trading volumes of certain projects.
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Yes, it was a mistake, I already checked this o the Coin market Cap and it has been back to normal. Bitcoin is in the first rank Coin Market Cap system commonly experience some mistakes and errors.s However it has been fixed so that it is back to normal quickly.
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Not at all because it is an error system.
As long as they repair the systems as soon as possible, it can be only a few moments of the system error. Btw, I wonder that some time ago, CMC also experienced this kind of eror.
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Coinmarketcap is trying to make it clear that Bitcoin's hegemony won't last forever. Sooner or later, something else may come out on top. And CMC teaches us to this thought
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I've noticed similar things on CoinMarketCap before as well.. Don't use them much for data anymore.
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I don't mind it happens, as long as they fix the mistake so immediately. Sometimes, the technology will be an error., like human error. Although CMC is likely the first crypto tracker, however it will not always perfect. And now it has been fixed and back to normal again
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Such errors happen, I don't know why this happens, but such a popular site should better track such errors and quickly fix them.
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Everyone I am sure has made mistakes. I myself made a mistake on Coinmarketcap by not being able to read the flow of prices, and in the end I sold for a low price, and I made a small loss. this is such an embarrassing experience that you really shouldn't be repeated.
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Don't think so, what i know in any crypto price are determined by forces of demand and supply, so for the coin to be in that stage , it means it has high demand.
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It already happened many times in Coinmarketcap. I think it is not a mistake but a surprise made by Coinmarketcap. They must be aware of it since it appeared a long time. Coinmarketcap seems to contribute to spreading the information, so people who access the Coinmarketcap clearly see it. Then, it will disappear in the next few days.
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It already happened many times in Coinmarketcap. I think it is not a mistake but a surprise made by Coinmarketcap. They must be aware of it since it appeared a long time. Coinmarketcap seems to contribute to spreading the information, so people who access the Coinmarketcap clearly see it. Then, it will disappear in the next few days.
Sometimes they make joke but this time it was there technical mistake but soon they have identified and solved their mistake. Still there are fake ranks found in coinmarketcap. They should be more aware about this issues.