Bitcoin Forum

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?


I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?


P.S: I'm perfectly aware of the risks and the problems that a shitcoin can cause.

PooCoin specialise on bsc chain, for me this is more accurate when it comes to bsc projects since its real time. As far as I know on cmc, data feed aren't real time and just also basing their analysis on some oracles and database. But not saying its more reliable, both are good but when it comes to bsc tokens then go for PooCoin.

But the best move is used the exchange data itself.

I only use Poo Coin for coins I can't find on Coinmarket cap but I think the coins on the market cap are more reliable rather than some shitcoins that was listed on the PooCoin but its also useful for some legitimate new BSC projects.

Yes, I have also noticed that Poocoin is more accurate than Coinmarketcap about shitcoins info and Also there are many coins that are not listed on coinmarketcap but we can see their info on Poocoin.

Poocoin, dextools and similar platforms have realtime data based on trading activity that occurs on contracts liquidity. So, for example, 1 token costs $0.1, if there is a purchase of x amount, then the price will change to $0.11 because there is a demand. This price change then be displayed on the platform based on the dex API (eg BSC, the API used by poocoin is Pancakeswap (https://syncwith.com/api/pancakeswap)). The delay that occurs in CMC is probably due to the routing API, so there is a slight price difference that arises. This is also to prevent the server from working redundantly at one time (CMIIW). And for marketcap, the calculation algorithm should be the same (https://coinguides.org/market-cap-calculator/) between CMC & Poocoin

The resources are very related in their focus. On one of them, you can get information about a huge number of coins, but often even very bad projects are there. Another resource is more important to me as a way to get information about more proven coins, although there are bugs and problem developers there too.

Coinmarketcap didn’t provided accurate data most of the time & i see many thread already created against wrong data. Whatever, i never used PooCoin and while it’s ridiculous thing to hear, I heard this name today. Coingecko is my favorite instead of CMC. Their most things accurate than CMC.  

Poocoin is place for people to check chart and price of tokens on Binance Smart Chain. If those tokens are not on any centralized exchange, and only listed on decentralized exchanges like PancakeSwap, Poocoin is good site for you to find such information.

However, if no trading volume, the chart on Poocoin will degrades gradually. So to maintain the chart, tokens have to maintain their trading volume.

Poocoin gets data based on what is written on its smart contracts and occurs in a decentralized manner by the system. Coinmarketcap must wait for coinmarketcap feed admin approval and be manually processed centralization. If effective maybe Poocoin is more effective can even know the details of shitcoin though. However, the matter of Coinmarketcap confidence is superior because everyone is focused on coinmarketcap is a quality coin that occupies the top position.

PooCoin and Coinmarketcap are completely different services and pursue completely different goals. But as for capitalization, it is quite obvious that the capitalization shown on the CMC has some delay, which is associated with API settings. And this, in turn, is related to the load, since Coinmarketcap supports coins of all networks, and Poocoin only BSC, Polygon and KuChain.

Coingecko and CMC are just the same not accurate but I think CMC is the worst of them all price too late compare to realtime price, I agree on above comments Poocoin is more accurate than this two but it only focus on BSC tokens. If you want more precise than  the two mentioned try Nomics.com.

Although both poocoin and coinmarket cap are excellent, coinmarket cap is currently the most popular since they provide comprehensive data about daily market capitalization and too many people use it. Poocoin is also excellent, however it is only used to check charts and to buy, sell.

? It has only been a few times that I heard or saw the name PooCoin on the Internet, coinmarketcap.com is the most popular platform that everyone knows and makes use of mostly. And it is more recognized in the cryptocurrency community than every other platform that you are going to talk about. Most of the exchanges rely on coinmarketcap.com, and not just exchanges including news websites and so many others: they all rely on Coinmarketcap to get information on the cryptocurrency market. So far they have been given accurate information on top crypto currencies.

As for shitcoins I can’t tell you whether coinmarketcap.com is giving any clear information on those because I am not the type that is interested in investing my money in shitcoins, I prefer to go for legit investments that would be worth my money on the Long run. From my experience, Coinmarketcap.com is good.

I use both of them and they are both glitchy as hell, one is stable today and the other is glitchy tomorrow, it's just better to have both on your phone or PC to track coins and tokens marketcap

Coinmarketcap does not provide data on the circulating supply of PooCoin tokens. But is the price real? We can check from the source exchange, PancakeSwap. The prices are real, and match those available at coinmarketcap prices. While the price on the PooCoin platform is much different from the price on the chart.

I have used poocoin for a project that I wanted to follow. It wasn't bad site, it has horrible design and they could make it better (or maybe they have since I last used it I haven't checked in a while) but that was one big downside. It had such a horrible design that, it was enough not to use it, literally just because of the design you could get out. This is why CMC is still the best plus it is a lot more known.

It doesn't matter if you use one place or another just because of popularity, if you are getting what you are looking for then it is enough for you. However, there is also always a reason why one is more popular and in this case I was because poocoin was horrible looking, could have more stuff but that one was enough.

Heard of the name Poocoin, but didn't know it was a DAPP created on binance smart chain until today. I always thought it was a platform that lists all shitcoins and tracks the data, hence the name haha. Still wouldn't use it. Maybe it's the name. Anyway, Coinmarketcap does indicate wrong data, but that happens rarely and are fixed as soon as possible. If you don't like CMC, you can try coingeko. They have been very reliable and don't usually list coins that are likely scam (cmc does that. Coingeko didn't list squid game token and has warned users. CMC listed, but warned after investors got scammed). Or you can try Blockfolio. Has a neat interface.

I’m not familiar with PooCoin and I do use more the CMC and Coingecko, I think they are still reliable despite of that fact, some delays on update but they are able to fix it so it can still be good. As I can read about PooCoin, they try to focus more on BSC projects which I think is fine to have that core, but if you are still doubting better to use both.

It feels like this isnt some sort of question but rather shilling out this Poocoin website which i hadnt heard it off after all this time on staying up on this market.
Lots of people had already trusted up CMC despite of those flaws.

•Coinmarketcap
•Coingecko

they would still remain to be the top suggested sites on where people do really trust on.Despite
on having some flaws but still people do really prefer of this thing rather than Poopcoin. oppsss  :D

If we look at this situation with etymologic analysis - it's quite obvious that poocoin is more accurate in shitcoins' questions, haha  ;D Born to deal with all this crap  ;D

What coins that you didn't find in CoinmarketCap? I think CoinmarketCap has more complete coins than PooCoin. If the coin cannot be found in CoinmarketCap, probably it is a new coin.

I think it is not true. Even in CoinmarketCap, there are also many shitcoins. Shitcoins are everywhere, CoinmarketCaps or PooCoin just list the information about tokens/coins in general. They don't categorize it as shitcoins or trusted coins.

First and foremost you should trust your gut instinct. If something seems too good to be true, it probably is. Secondly, I trust Coinmarketcap more because it has proven itself time and time again. But I would not mind double checking with another site. If the alternative site, in this case, poocoin (never used it though), has some warning flags about a  coin then I would stay away just as well. From my point of view the best strategy is: Don't invest into new coins.

Yeah, both of using same algorithm but it’s true that Coingecko is very responsible than CMC. But also Coingecko  are not 100% accurate data. PooCoin seems poor quality i see it’s not easy interface and it’s focused specifically BSC and Matic based projects. Nomics just copycat to CMC. 

Poocoin is automatically updated or in control by the project developer himself. Not done by the Poocoin admin itself. Usually the information is read from the existing smart contract. That's why every time we look for information on a coin we have to know the smart contract. Unlike Coinmarketcap which is maintained tight to get a listing here. However, listing here gained a trust even though some projects were inaccurate information. but, usually it's only for low-ranked coins.

Your analysis is spot on. CMC and CG are quite awful at tracking these newbie coins when they come out and sometimes after the fact still have incorrect graphs. ex. look at mononoke inu. You can't find it on one of the sites. The other the graph is absymal looking when in reality it did great. Dextools is the one to use for that one (ETH chain).  Use poocoin for early time analysis (BSC chain) .

PooCoin is website that tell us price of listed and unlisted coins which is benificial for us but coinmarketcap is a web which tell us marketcap, total supply, and price of listed coins. According to me Coinmarketcap is better than PooCoin

Obviously cmc is best cause it gives us every single details about altcoins and helps us to make a short analysis on any altcoins that listed on cmc. But i think PooCoin isn't bad cause it gives us some basic info too. Today i search a bep20 & i found it on PooCoin website with token value and trading volume. so i think we can use PooCoin vs CoinMarketCap both, when we need but cmc is best

Coinmarketcap has been the standard if you get listed on this site you can have a value now on most of the monitoring wallet and many are using this to see the value of the tokens. I never heard about Poocoin since I’m too focused on coinmarketcap but it looks like PooCoin only introduce tokens on BSC, so this could be a great platform to analyze more the BSC tokens.

Talking in general, it's so much better. However, it's not yet clear how cmc collect important info about those projects (newest in particular). With thousands and thousands of projects got listed during only the last 3-4 years, it's obvious how cmc is a main player to help fake projects appear.
This is npt to say that PooCoin is good but it also doesn't provide the source of their info. I won't be surprised to discover that it gets info about the projects from cmc.

Data and information about a certain coin are sometimes wrong or outdated. It's normal and common to encounter.

No need to judge if one of those tracking sites is sh*t. If you want certain information, you can check that particular coin on all tracking websites. See if there's any information that different from another.

I consider CMC and Poocoin as a good references for coin information. If there's an outdated one, we can always reach them for a prompt.

poocoin and other dex tools is accurate they using data from the transaction and LP based on decentralized exchange and cmc usually tracked based on API on centralized exchange but sometimes othe dextools not accurate because only took one source like only pancakeswap the dex is a lot there is apeswap mdex and other

both are tools for us to use in tracking or just to check prices ,I'm not too focused on other things ! I personally was quite helped by the existence of poocoins on my mobile phone because dex had to enter a value in order to know the price ^{which is not on coinmarketcap or others} to be honest coinmarketcap is still a favorite but if there are other options why not ,and not everything has to be perfect  !

Poocoin is an alternative if you have trouble swapping on pancakeswap. PooCoin has an auto slipage feature, where slipage will automatically adjust to what is needed, and poocoin also has features such as dextools.

I have not that much experience with PooCoin because i have not used that much as of now, but i am pretty sure that coinmarketcap is definitely not the fastest site that shows all the cryptocurrencies with their relevant stats. For small or relatively new coins i use coingecko a lot because they are faster with showing data of new projects. Coinmarketcap also has the rule that it is not verifying the total market cap of a project if it is not listed listed on a least 3 different exchanges. This for example leads to the weird circumstance that a big project liked Radix which has a total market cap of aroudn 12 Billion $ and should be a top 20 coin is still at rank 2900 at coinmarketcap.

Well, if we are talking about realtime data and shitcoins, then poocoin is much more reliable. Market capitalization is not being shown in coinmarketcap unlike in poocoin because I believe they are following a certain standard regarding the visibility of marketcap data on their platform. But if you're into much bigger altcoins or tokens, already listed on various exchanges, and want to always be updated about it's current price and marketcap in a much hassle free environment then coinmarketcap is well recommended, or either coingecko because they are both good platforms.

So for me, it actually depends on what you are looking for.

I know that Poocoin shows information about new projects what is really valuable as not many other platforms provide this information. Nevertheless, Poocoin is focused mostly on Binance Smart Chain and Polygon, while coinmarketcap cap supports more coins from all networks and more info about them including exchanges and pairs where to trade this coin.

I guess for BSC base tokens PooCoin is reliable since it was using the real-time data from the exchange itself, and only focus on one Network which is the BSC, but Im doubting on CMC because they are giving service and insight in too many Networks that's why it may experience delays and lags so I guess you are on the right track by using PooCoin as the realtime data source for BSC tokens.

Cmc is definately less accurate.  They are known to have glitches in prices, especially BSC tokens which makes the price look like it pump 1000s of percent when it really hasn't.  Cmc is alright but I wouldn't use that as the end all be all

I use Poocoin for new projects yet to be listed on coingecko, this is to get some statistical history and draw my decision. Coinmarketcap seems to give a better long-term history and it's more popular.

Totally two different things to me I think poocoin is more like dex and other related swap quick info but CMC is like general information on different currencies and supplies I mean if you are mostly on dex 247 then ofcourse fire on but need all info I think CMC and Geicko gets the job done faster

I'd rather choose CMC instead of poocoin, because shitcoins was usually reported at this website compared with trusted coinmarketcap. I find this as reliable source for so many years and they're accurate on tracking other inactive projects that doesn't have good trading records. Same with my shitcoin holdings, they're providing real time track that it doesn't have an active community in this present times.

It would be more correct to call these assets "shittokens" rather than "shitcoins", because the Poocoin service is focused mainly on the Binance Smart Chan tokens. I think you are right. Almost all BEP20 tokens are usually traded on the PancakeSwap decentralized exchange, so the Poocoin platform can automatically calculate the CAKE and BUSD LP Holdings in real time. It provides the total amount of the Market Capitalization, including locked and excluding burned tokens. Of course, Poocoin also illustrates the price chart and common data such as BSC transactions links. Moreover, Poocoin recently started supporting the Polygon (Matic) and KuChain (KCC) networks, so I imagine this trustworthy service will be even more useful in the future.

The CoinMarketCap website is pretty ideal for providing real information on Bitcoin, Ethereum and other coins, but I also use the Poocoin platform to estimate the potential of the BEP20 token I am going to invest in.

CMC is far reliable compared with poocoin. Poocoin used by so many shit token gamblers. that's why it was always listing the shit token or it's only focusing in the tokens that listed in the BSC and ethereum dex.
CMC is owned by binance exchange site and then this is also having different matcs combined with the various things. Poocoin is a copy cat from dextool but this is being dedicated for the doge shit token and that's why you will be seeing majority of people are using this site to know what new shit token that comes to the market. This is not comparable with CMC as it's fully backed by binance. Poocoin was only focusing on BSC and polygon.

I think CMC is the better one. Almost all of crypto users agree with this. I don't know why, CMC is look like coingecko actually, but CMC gives more features, having a ranking systems for coin and exchanges, etc.
Any coins that listed here usually getting higher in price

But poocoin, I think it's just like another chart platform, nothing special

PooCoin shows real-time data and you check every recent transaction live that happens on BSc chain. It's more accurate and updated than coinmarketcap. But as I know poocoin doesn't provide their service for other chains so you can also use another popular site called dextools.

Dextool supports most of the major blockchain and you can see the current market cap, TVL, token holders, etc in real-time. They also have a trading bot and some premium services for their premium users.

I like coinmarketcap for many reasons and one of them is for their upcoming project list which is pretty useful for an investor like me.

Of course PooCoin provides more reliable data than CoinMarketCap and you could see for yourself yesterday.
PooCoin provides data from a specific place and from a specific pair while CoinMarketCap provides information from all resources where the data may not be correct.
Personally I trust more PooCoin.

For now poocoin does have information about shitcoin more accurately when compared to CMC, but instead CMC can not collect more detailed data about shitcoin because currently there are so many shitcoin scamers that CMC does not fully update the shitcoin data that is less clear, and this is very different from Poocoin they list all the shitcoin that exists even useless coins, I think we can use both of them even if it's a little different.

Poocoin is the most accurate since they are fetching data directly to the smart contract of the token. But you can only see limited info there since smart contract data is limited. But since the accuracy is main concern here so I guess poocoin has a great advantage on showing accurate data for a certain project you are talking.

Coinmarketcap is good for getting the over all data such as links to website & social media, history of prices, general overview of the project and other info you need to need to know if you are doing a fundamental analysis.

but PooCoin can only be used for bsc platform coins if I'm not mistaken. in terms of data, maybe PooCoin is still superior because its reach is not so wide. however, personally, I use CMC more than PooCoin. I also trust CMC although sometimes I do more in-depth research on my portfolio.
well, but it's just a point of view difference, I sometimes use both. other than that, both are very nice to use.

poocoin it is more accurate because it scans one trading pair in real time because of this there is less spread in price, while on coinmarketcap there is an average value due to larger trading pairs.The first option is created for tokens that do not always even reach coinmarketcap.

Well I'd personally prefer poocoin. Its price oracle is quite accurate compared to cmc. I have been using cmc android app since May and it really gives me a headache. Too laggy and not showing correct prices as well. Poocoin in the other hand is quite. They offer in house dex added by the actual price orders within the pool.

I'm thinking CoinMarketCap is wrong. I had the same thing not long ago with $ASS and my sell price on PancakeSwap was the same as PooCoin, not what CoinMarketCap said.

I don't have any idea to compare or choose between them because it's basically structural difference. To my knowledge poocoin is a form of live charting of data, while CMC is an API based price and chart aggregator of aggregated exchange data. Poocoin as a linked DEX. Anyway, there's not much choice to compete with CMC except last night's hack. Lol

Both are different structure so i have no idea to compare both. Poocoin brings tracking many things like,transaction, wallet etc.Poocoin you use only for BSC network. coin market cap is good ideal Bitcoin, Eth and others coin token.I like both and im usually using poocoin and CoinMarketCap.i Think both are active and good community.

It is true that they mainly focus on bsc chain's tokens but besides you can also find tokens which belongs to, on kcc Network as well as matic (polygon) network. Although I am not sure how accurate the info poocoin shows for kcc and matic network

I may agree, poocoin gets info about the projects which are available on cmc but what about those bsc, matic, kcc project which aren't available on cmc but poocoin shows price as well as their volume and others information?!

cmc is more popular than poocoin among crypto users. though poocoin may give better info in terms of bsc tokens, as they are like focusing more on bsc tokens. so they should give at least more accurate info. anyway, both platforms are to be used as just reference materials not ultimate source of actual data.
so for me, there's nothing to compare here. if you want precise numbers, go to the exchange itself and check the actual trading values. because we can't expect that they are using real-time data.

Poocoin gets first hand info on trading of all coin unlike coinmarketcap

Poocoin is reliable and to be trusted in everyway as coinmarketcap gets their infor from poocoin

Poocoin reads data on each contract from tokens in the BSC network, in contrast to coinmarketcap and Coigecko, they have an API to read the market cap of some exchanges, I think it's like a trading robot (correct me if wrong) but the use of poocoin so far is still good, because of the volume what is read is on Amm pertumaran like pancakeswap.

Coinmarketcap tends to be an all rounder, though like you pointed out, it tends to show poor or inaccurate data on Shitcoins, which I think is correct considering its rendering of Saitama Inu data. I would pick Poocoins and even dextools over my shitcoins monitoring

i use both but for now use PooCoin more often. CoinMarketCap design is better than PooCoin which looks horrible and unattractive but PooCoin in my opinion is more accurate than CoinMarketCap whose price is late compared to real time prices.

Well said. Poocoin is accurate and  provides more elaborated information like liquidity of DEFI projects which is very useful for those who stake their funds on DEFIs.

Coinmarketcap is very old  and huge site  which  is trusted worldwide among crypto community. It not only provides basic information about any crypto currency but also helps  newbies to learn and earn opportunity as well as gives legit airdrops. it also helps  finding out how big a digital currency is and helps to make smarter investment decisions.

I usually use both depending on the conditions. If I'm researching shitcoin or a coin that isn't already in coinmarketcap but is already in poocoin. Of course I will go to poocoin. I think poocoin always provides coin information based on its network smart contracts. It is also very effective because it is always updated with decentralization.

poocoin!! Thats quite unknown to me. agreed that sometimes cmc makes mistakes by showing us wrong data info but thats for a while and quiet rare. So depend on that matter, i can't recognise poocoin more accurate  over cmc! Even poocoin has their own coin which doesn’t suppose impressive to me. so for check real data, i would like to give cmc more priority, although i love to use coingecko most of the time which is better than others data checkers websites

just like i just found out about poocoin, and i am trying to find a lot of information but there is still little i can know and it seems it will take some time for that, but obviously cant compare at the moment because all are new and need to know well.

as long as we are still studying clearly of course we will use CMC which has become a habit that has been done so far. although I, like you, prefer to use coinecko, because for me it is easier and understandable.
once again the habit of using also affects everything.

Personally, I also use coinmarketcap and coingecko more often than others. however, it seems quite a lot of fans of PooCoin here. As far as the information I get, PooCoin mostly lists coins with the BSC platform. however, I'm more inclined to use CMC, although I find that both are pretty good too as long as it's still useful.

I choose coinmarketcap, I think the data and display from coinmarketcap is easier to understand even for beginners, I can get what I need on coinmarketcap, although many say that the data on coinmarketcap is manipulation but we must always compare it with the real thing on the market.

I can't even choose both.
They each have their own advantages and disadvantages I think.
And indeed, when you say CMC, the lack of it can be added by Poocoin and vice versa
I still use them both and I don't even want to compare them because their characteristics are quite different and can't be compared

Even I am aware of poocoin and many other such services for tracking cryptocurrencies, I am always going with coinmarketcap because of its long running reputations. Even coinmarketcap was bought by binance in recent times, I am not finding anything disturbing to think about switch over to different platforms for referring about cryptos. I am kind of person who hates frequently changing service providers for no reasons.

I have not noticed any wrong information on shitcoins or any random coins in coinmarketcap but I guess here after I need to be careful so that I may need to decide whether I can be depending on coinmarketcap or not.

Poocoin website sounds like good way to get price, volume and others details info. specially it track Bsc20 tokens which aren't listed on coinmarketcap or coingecko but available on any exchange!? Maybe it list altcoins for free. it also providing info for Polygon Ecosystem Coins too but more accurate data is for bsc but as this is first time i visit on poocoin, so i am not sure poocoin shows less wrong data than cmc or not but cmc will always superior by choice