How are cryptocurrencies ranked? Price, Project or market performance?

[xspasa]

Hello everyone, this question of how cryptocurrency are being ranked has been disturbing my mind and I need clarifications and a good explanation on how they are being ranked.

For instance, On CoinMarketcap there are some other cryptocurrency that has higher prices than Ethereum and yet they are ranked below. So this made me jump into conclusion that it is ranked based on project and market performance.

Shed more light on this if am wrong. Thanks

[ComeBack]

Based only on my knowledges and experienced I think on Coinmarket they are ranking up when they gained alot of volumes than the others for 24hrs. But of course to have a greater volumes the project must be really good or have a  stable trading volume everyday, But some projects ranking up on coinmarket for a short time are those coins / projects that has a short hype  and turned into scams.

[Arendra]

In my opinion, the rank position is determined by ownership. Which coin has more owners, that's a coin that has a good position. Or maybe it could also be from the performance of the coin project. Correct me if I'm wrong. Maybe other members can help.

[marksayson]

Hello everyone, this question of how cryptocurrency are being ranked has been disturbing my mind and I need clarifications and a good explanation on how they are being ranked.

For instance, On CoinMarketcap there are some other cryptocurrency that has higher prices than Ethereum and yet they are ranked below. So this made me jump into conclusion that it is ranked based on project and market performance.

Shed more light on this if am wrong. Thanks

Based on my knowledge and possible experience, the coin or token can be specifically ranked by its market growth, meaning its price movement for the supply and demand.