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Author Topic: Coinmarket cap  (Read 2230 times)

Offline Gideon99

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Coinmarket cap
« on: February 21, 2024, 06:54:35 AM »
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
« on: February 21, 2024, 06:54:35 AM »

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Re: Coinmarket cap
« Reply #1 on: February 21, 2024, 09:14:22 AM »
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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Re: Coinmarket cap
« Reply #1 on: February 21, 2024, 09:14:22 AM »

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Re: Coinmarket cap
« Reply #2 on: February 21, 2024, 09:46:01 PM »
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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Re: Coinmarket cap
« Reply #3 on: February 21, 2024, 09:52:58 PM »
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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Re: Coinmarket cap
« Reply #4 on: February 23, 2024, 02:40:20 PM »
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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Re: Coinmarket cap
« Reply #5 on: February 23, 2024, 05:10:01 PM »
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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Re: Coinmarket cap
« Reply #6 on: February 24, 2024, 01:53:44 AM »
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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Re: Coinmarket cap
« Reply #6 on: February 24, 2024, 01:53:44 AM »


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Re: Coinmarket cap
« Reply #7 on: February 24, 2024, 09:34:26 PM »
        -   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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Re: Coinmarket cap
« Reply #8 on: February 24, 2024, 10:21:43 PM »
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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Re: Coinmarket cap
« Reply #9 on: February 25, 2024, 09:10:02 AM »
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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Re: Coinmarket cap
« Reply #10 on: March 04, 2024, 10:24:49 AM »
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.
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Re: Coinmarket cap
« Reply #11 on: August 13, 2024, 07:19:37 PM »
In fact, coinmarketcap is the most popular and the best website for cryptocurrency analysis. Here if you find any new good quality coin in the current market it is listed here and you can easily get its information. From this website you can know the current price, rank, coin market, price change rate of listed coin and token and much more. They will never force you to invest because investment should be your own choice. But information from here may not always be true so you need to do your best research on everything.

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Re: Coinmarket cap
« Reply #12 on: August 14, 2024, 08:12:55 AM »
In fact, coinmarketcap is the most popular and the best website for cryptocurrency analysis.
Coinmarketcap is indeed the most popular crypto price/exchanges tracking website, but the title of the best imho goes to Coingecko.

They are independent (CMC is owned by Binance) which means their rankings are probably more realistic and not biased and as far as I know, they enever advertsised scammy wesbites like 1xbit (as opposed to CMC).
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Re: Coinmarket cap
« Reply #13 on: August 15, 2024, 05:00:36 PM »
Coinmarketcap is the same as coin gecko where crypto enthusiasts check and track cryptocurrencies. I understand why you like CoinGecko, though. Seeing recently added coins and each altcoin's all-time high and all-time low price is useful. It is easier to stay on top of things with that additional information.

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Re: Coinmarket cap
« Reply #14 on: August 15, 2024, 05:51:06 PM »
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 indication of interest to acquire CMC as well as the acquisition has indeed, compromised the platform's independence and absolute authenticity, giving room for publicizing of inacurate and manipulated information, and this has not only made people to question the information gotten from them but also given them the reason to feel concerned about the fact that they could also be deliberately publicizing biased data, or even manipulating rankings to suit their personal interests, and this has been able to achieve nothing but to erode people's trust and confidence on the platform to provide and present accurate information to the general public. This single act could have disastrous effects to people and they'll end up being misguided thereby leading to poor investment decisions, leading to losses.

 

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