Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: Gideon99 on February 21, 2024, 06:54:35 AM
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It's a website that is use to track the market price , market cap and other information about crypto. It's a very useful too for anyone interested in crypto, and can provide you with the latest trends on crypto and industry. note: marketcap don't provide analysis or give recommendations so it's for you to do your own research on the internet and make your choice on with crypto currency to invest on.
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Coinmarket cap is a famous site and almost all cryptocurrency users know about it or have visited it once, but there are alternatives that have become competitive in popularity, so creating a list of alternatives or the advantages and disadvantages of Coinmarket cap will be better and will give a value to your topic.
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CoinMarketCap is CRAP owned by Binance and everyone should stay away from it because they constantly posting wrong, incorrect and bias information about coins, values and exchanges.
CoinGecko is much better alternative and it is more neutral than CMC.
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Yeah, coin market cap is a very popular site, I don't think that there is any old experience crypto enthusiast that doesn't know CMC and CG. Those two site have been my favorite coin tracking site but I think I like coin gecko more than CMC, the reason is because I usually see newly listed coin on coin gecko and I also see the ATH and ATL price of all altcoins listed on coin gecko.
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This is just one of the useful tools that I use when for example I check some coins when it comes to tokenomics, When it is not yet listed in cmc I usually look for other confirmation if for example a coin really has potential.
In that cmc you can see almost everything there from top altcoins, top meme coins, ai, and top exchanges even the top 100 altcoins in this field of the cryptocurrency business industry.
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It's a website that is use to track the market price , market cap and other information about crypto. It's a very useful too for anyone interested in crypto, and can provide you with the latest trends on crypto and industry. note: marketcap don't provide analysis or give recommendations so it's for you to do your own research on the internet and make your choice on with crypto currency to invest on.
Not only that you can use it as your portfolio tracker all you have to do is to create an account add the name of the tokens or coins and the amount and it will give you an insight into your portfolio and you will get updates if you're making profits or losing, but you can also vote for your favorite coin or token not only a market aggregator but they create a community within their platform.
This platform is a must for investors and HODLERS to keep up with the market.
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Binance paid $400M to buy CoinMarketCap in 2020 so it isn't independent. If Binance's paid premium price to buy it they've wanted it for a reason they haven't explained.
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- This is just one of the platforms that can be used if you are looking for potential cryptos that you want to hold long-term, especially if you are a beginner in this industry field. It is also one of the most frequently used to determine whether a new coin that has arisen in this business field is legit or not.
And this is just another way for us to know which are the top altcoins that we can choose if we want to invest in cryptocurrency as well. In short, this is a good reference in terms of investment.
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CoinMarketCap is CRAP owned by Binance and everyone should stay away from it because they constantly posting wrong, incorrect and bias information about coins, values and exchanges.
CoinGecko is much better alternative and it is more neutral than CMC.
Honestly often track coin prices on Coinmarketcap rather than on Coingecko but with what you said they give wrong/bias coin information is that more of a slam on the exchange itself i.e. Binance?
So far I always read news about coins from some reputable articles or on Twitter and I very rarely see news published by Coinmarketcap.
So if Coingecko is not owned by any exchange and can be said they are independent?
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Binance paid $400M to buy CoinMarketCap in 2020 so it isn't independent. If Binance's paid premium price to buy it they've wanted it for a reason they haven't explained.
Binance's monopolistic method is very similar to Facebook's method. They monitor the market, set their eyes on any successful project, and add it to their list of projects. All the projects they own are linked directly or indirectly to enhance Binance's profits, so you will find that CMC data is manipulated in favor of Binance. They are often used to promote services that Binance believes may generate good returns.
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So if Coingecko is not owned by any exchange and can be said they are independent?
Coinmarket cap used for tracking all cryptocurrency in the crypto world. Listed coins high quality and accurate information.
No one denies this, and you will not find a neutral party, but Binance’s policies are monopolistic, which makes you question the data that comes from CMC, especially with regard to Binance’s competitors. The advantage of CMC is that it provides a simple interface that offers what the user wants, and the domain name is easy to remember, and the service is somewhat old, so it is the best. But if they continue with Binance's policy, then it will be good to think about alternatives.