Bitcoin Forum

Usually when you wanted to know if a project was worth following were the number of people that put the token on their watchlist, but I'm afraid it's not a valuable parameter anymore.

Many unknown coins/tokens have an insane amount of people that put them on their watchlist in a very short period of time, for instance, a token that's been added to thousand lists in like minutes since their listing on CMC, very strange.

My question is, people can really buy bots on CMC that could do that?

Im also aware about this as well. I never use watchlist as a parameter to determine whether that was a legit token or not.


I suspect those unknown coins were using bots. I just tell you about safemoon. This shit scam token has millions of watchlist on CMC but the price already destroyed. It's worth nothing right now. That proves that watch list was not a reliable parameter anymore.

People can and why not?

I also noticed that in the few coins, then i didn’t believe such number of watch list. Not only watchlist, i think so many things are fake or it’s happened by bots as like a lot of shit exchanges trading volume is unrealistic in the coinmarketcap i think. And i see showing coin price isn’t real sometimes when i will compare with coingecko.

It's never been.

That sounds plausible if the token/coin community already have strong masses.

Why wouldn't?

There is a service that sells honeypot/scam/fraud smart contracts. If someone wethers it is legit or not wants to spread hype about their a brand new project, there will be a service for that. Not to mention that, most token are built based on meme, hype, influencer, etc. There will be shady things that people will use to gain benefit for their own.

It's nothing new, the tokens dont have to use bots, months ago I joined a project telegram channel and the dev told every investors to vote up the token on coinmarketcap and add to the watchlist, it's a meme coin and it's a shit token so as to attract many new investors we need to start adding to watchlist.

The answers is yes.

It's a paid promotion, If you an admin in some project you will always get an offer for the promotion. And watchlist/favorit list from Coinmarketcap & Coingecko is one of them, it's really cheap.

So never believe anything for the watchlist/favorite token.

If we open a topic in the Services section, we can see if there are people who do this. We immediately trap anyone who claims to provide quality voting bots that manipulate systems... It is just a joke. :)

Twitter is under the invasion of bots. Telegram is under the invasion of bots. Coinmarketcap is under the invasion of bots. It's really hard to measure the pulse of communities. Neither parameter is reliable. That's why we have to be more careful than ever before. :(

I doubt that you can buy "official" coinmarket-cap bots from coinmarketcap itself because if that would be the case than coinmarketcap would be a fraudulent platform and they would not risk to do such a thing as they belong to binance now and this would also mean a lot of harm and very bad reputation for binance itself too.
I guess what happens at coinmarketcap is simply the same what is happening on every other platform too, people or companies made a huge amount of accounts and use those to vote for something in order to create awareness for that project. I also think that there are people that are offering to boost your project with a lot of fake votes from fake accounts.

Yes, I agree with you that tokens don't necessarily have to use bots, because without them we can still monitor tokens, but I don't think it's easy to attract new investors to get involved in memecoin even though we added a watchlist. ,

I do not see why a bot like that could not exist, I have not dealt with their API for some time but if this can be done through it then it is not difficult at all for a bot to add a coin to a watchlist this way.

Now what you are seeing is in fact nothing new, there was a time in which people used the size of the telegram group of the coin to determine how good a coin was, and for a small amount of time this was a nice indicator, but then scammers realized this and they began to add fake accounts to their telegram group and scammed a lot of people in the process, so I see this as a variation of that, and as such you need to stop taking into consideration that parameter if you do not want to lose money to those scammers.

Watch list can be easily manipulated. It's very easy to manipulate it if you have so many accounts on CMC and you can use these accounts to give vote to the watchlist. The shit scam token were using this way to increase its watchlist. I do believe they were doing it manually rather than using the bots. There are some services that offered it to manipulate the watchlist on CMC and coingecko as well. I rarely see this kind of service being done by the bots.
It's done by human. That's why watchlist was a bad thing to be used as a way to know whether that was a legit or bad token.

Of course it is not easy with what has been happening, investors are still very, very thinking about investing with a new token especially a memecoin and they also don't want to repeat the same mistake again, they will definitely look into everything in detail.

I dont think they use bot i think they use any type of hidden tricks like airdrop a little amount for following them on coinmarketcap and yes it is true that you can gues project quality on only on coinmarketcap watchlist it can be little in strong project also!

I don't know if it's a bot or not, so far no one thinks that far but coinmarketcap is not a decentralized site, or maybe the coin dev easily change the information in their coin details to manipulate their community maybe. Even though Coinmarketcap was transferred to Binance, I think Coinmarketcap is still good enough to use even though some data is not valid, such as coins under 100, or what you mentioned.

Naturally. Even if it wasn't bots, then it'd probably be paid users who were set up to put the coin in their watchlist once it's available after a period of time. It was never really a valuable metric to use to judge a project anyway, it's better to just look at the project itself and see whether it actually has any value in the long term. It's the most basic thing you need to do when trying to invest in a project. If you were trying to short though then do it in a very short time frame, most projects are only built upon hype anw.

Yes im also seeing it as well. It's not always related with the bots. I see some projects were spending few amounts of money to be airdropped as long as the participants were completing the mandatory to add the tokens into their watchlist. This is a very easy task and CMC has bunch of members. That's quite easy to drive people to click on the watchlist. I see that some meme tokens developers are also doing this thing.
This to increase the popularity of the project

It is easy, have you ever invested in a token at an earlier stage? It doesn't have to be a meme token, also there are some investors that go to coinmarketcap to hunt for new tokens and to get attracted to new investors the token must be on the Trending coins and tokens on CMC, the only way that this can happen is using many votes, the voters must be the token investors and supporters, I have seen this happen before.

Well, this is not a completely reliable parameter.Most often, adding new tokens to favorites is one of the conditions for performing an airdrop or any other task.There is simply no value in this parameter.So don't pay attention to it.

Mostly newbies are taking watch list as an important thing to know whether the project has a lot of supporters or not. For me this is not working. You shall aware about the bots for watchlist has not exist. Developers are offering the reward.
I see some members have been mentioning the right reasons about that above but just to add if sometime the project was also running a campaign to increase the watchlist on cmc.
Sometime it was also using campaign to increase the like and positive rating on coingecko as well