Erroneous Charts On Binance In ETH Terms?

[BTIsabella5]

Hey everyone!

I noticed that there are some charts on Binance that show an all-time high in ETH terms that look pretty outrageous.  For instance, on the CMT/ETH 1-week chart, it says that the all-time high was $0.40 ETH per CMT (Cybermiles).

Does anyone know if the $0.40 ETH price on CMT is erroneous?

I looked on CoinMarketCap and the pricing in BTC does not look anywhere close to the Binance ETH term pricing.

Thanks so much!

[hugeblack]

The cryptocurrency market is decentralized, so the price changes dramatically as supply and demand change.
Binance trading mainly in the Asian market and countries such as China and Japan, in those countries a high turnout on the Bitcoin, so you will find that the price at that platform is somewhat higher.
CoinMarketCap displays an average value for prices, so you find some difference

[BTIsabella5]

Hey HugeBlack!

Thanks so much!  This is really helpful!

Have a profitable trading year!!