Coinmarketcap promoting shitcoins

[Z-tight]

Tried a few times to refresh the page, no luck. I had to go to coingecko instead.

If the only problem you have is that 'Trending' coins is displayed when you open the site, then like i already explained, move it back to 'Top' coins. And if you close the site and whenever you open it again, it is going to display Top coins to you by default. That's what i did.

The best thing to do is follow the price of bitcoin alone through open source and with a decrease in the preparation of visits, they may change their marketing plans.

With the number of people actively looking for shitcoins, i don't think their traffic is going to reduce anytime soon. I only visit their site to check the price of BTC, so i ignore everything else they are doing.

[coupable]

As you can see from the above image, this is no big deal whether one is set at default or not, you can change yours to what you prefer. This is why it's good to know what you are dealing with before dealing with it. Fine, this could be an agenda, and of course, it could be for money. Still, we can't verify that, and we can't teach anyone how to run their websites.

While you think it's not a big deal, i found it a dangerous tool to promote scams. Afaik binance is the company owner of the cmc website, and this tool would help her promote any shitcoin she accept to list either as a real trending one or as a paid service which is more dangerous. Now i can create a shitcoin and pay unknown exchangers to list it even for a determined period of time let's say not more than five months, then pay cmc to trend it in top trending tab.

[Z-tight]

Afaik binance is the company owner of the cmc website, and this tool would help her promote any shitcoin she accept to list either as a real trending one or as a paid service which is more dangerous.

I do not agree. The tokens that purchased the CMC boost are displayed in a different color, i believe that is enough 'warning' to anyone interested in it that the token is not organically visible at the top, but is being boosted to the top through payments made to CMC. I know that some greedy people would ignore common knowledge like this, but it should otherwise be easy to understand.

[robelneo]

It looks like Coinmarketcap trying to promote shitcoins over being neutral anymore because when I open their site, their default home page is showing 24 hours of trending coins/tokens instead of show the top coins/tokens.

I don't trust them anymore. I got burned following hype on their dashboard, those hype shit tokens are obviously being hype to entice newbies to show that the shitcoin is getting a lot of support.
However, some demands reveal what's trending in the market, and they will wash their hands if anyone falls and loses due to this hype.
People should make decisions based on their own research and analysis, rather than relying solely on a third party. They have a disclaimer that this is not financial advice, and they don't have liability, so start focusing on learning how to check a project.

[Charles-Tim]

Afaik binance is the company owner of the cmc website, and this tool would help her promote any shitcoin she accept to list either as a real trending one or as a paid service which is more dangerous.

I do not agree. The tokens that purchased the CMC boost are displayed in a different color, i believe that is enough 'warning' to anyone interested in it that the token is not organically visible at the top, but is being boosted to the top through payments made to CMC. I know that some greedy people would ignore common knowledge like this, but it should otherwise be easy to understand.

A lot of newbies will not know what you know. I will agree with the people that says Binance will use Coinmarketcap to do something like promoting shit coins. Top coins was the default before on Coinmarketcap but now trending coins. That is kind of shady. They want people to more exposed to shit coins that are full of bump and dump.

[Darker45]

~snip~

Coinmarketcap.com isn't neutral since a long time.

They were acquired by Binance a few years back  , so ofc they will promote stuff which interests binance.

I think Coingecko is a nice alternative.  But Coinmarketcap is still usable.

Even before Binance acquired Coinmarketcap, it was already a questionable site that promoted frauds and scams. Rather than a vetting process to make sure what's only listed are legitimate projects, all they have is a payment structure for any project to be admitted and be visible.

Projects are free to put whatever imaginary numbers they have in mind for their volume and whatnot. Projects could even hit the list without basic information about them.

At the end of the day, however, who says Coinmarketcap is a site that guides investors and visitors as to which project is legit, high-quality, promising, or not?

[EarnOnVictor]

As you can see from the above image, this is no big deal whether one is set at default or not, you can change yours to what you prefer. This is why it's good to know what you are dealing with before dealing with it. Fine, this could be an agenda, and of course, it could be for money. Still, we can't verify that, and we can't teach anyone how to run their websites.

While you think it's not a big deal, i found it a dangerous tool to promote scams. Afaik binance is the company owner of the cmc website, and this tool would help her promote any shitcoin she accept to list either as a real trending one or as a paid service which is more dangerous. Now i can create a shitcoin and pay unknown exchangers to list it even for a determined period of time let's say not more than five months, then pay cmc to trend it in top trending tab.

Allegation of inaccuracies and doubts in CMC didn't start today. As I said earlier, it's a choice to use Coinmarketcap, there are alternatives out there. But if you would be sincere, there are reasons why many people are rushing to it, and I tell you, this "Trending" feature is one of them.

I don't trust any websites, so Coinmarketcap can't be an exception. But is their data useful to me, oh yes, especially this "Trending" feature. This feature helped me discovered $SOMI despite my busy schedule last week. You see, many people will continue to complain, while many others will benefits from what others supposedly called manipulation. This is a fast filtering feature for me, and I won't blame CMC if people do not DYOR after seeing data from them.

Everyone dealing with crypto should learn it first and know the possible propaganda that may happen, otherwise, do not involve in crypto. If you are experienced in crypto, you would know that to know the top and best performing coins/tokens, you need to consider the "Top" feature on CMC and trading volumes elsewhere on the website, and their consistency. "Trending" is not a feature to consider here, it's just a popularity, which lapses in a short time.

[ABCbits]

What do you think?

I believe it's one example of "Enshittification". Not very surprising when they include so much information and feature on both homepage and each coin page.

time to move to Coingecko?

I already use Coingecko more frequently than Coinmarketcap these days.

[davis196]

It looks like Coinmarketcap trying to promote shitcoins over being neutral anymore because when I open their site, their default home page is showing 24 hours of trending coins/tokens instead of show the top coins/tokens.

This is the definition of trending cryptocurrencies by CMC, someone could create a bot to click the coin/token on CMC to make it trending.

I kinda get the point of Coinmarketcap making the "Trending Coins" page to be default. We all know the Top 10 cryptocurrencies, so why bother showing the top cryptocurrencies as the default page? There are many memecoin traders and pump-and-dump shitcoin traders(basically the same as the memecoin traders), who are interested in the "Trending Coins" page. You just give the people what they want...Every company has the same marketing approach. Focus on your main target group(memecoin traders) and give them what they want.
If you are too annoyed by Coinmarketcap, just don't use them. Maybe soon CoinGecko would follow their example and start showing more memecoins on their front page.

[albon]

I kinda get the point of Coinmarketcap making the "Trending Coins" page to be default. We all know the Top 10 cryptocurrencies, so why bother showing the top cryptocurrencies as the default page? There are many memecoin traders and pump-and-dump shitcoin traders(basically the same as the memecoin traders), who are interested in the "Trending Coins" page. You just give the people what they want...Every company has the same marketing approach. Focus on your main target group(memecoin traders) and give them what they want.
If you are too annoyed by Coinmarketcap, just don't use them. Maybe soon CoinGecko would follow their example and start showing more memecoins on their front page.

To be honest, the Top list is my default page on CMC. Trending, Most Visited, and New lists can all be viewed when you click on them. Even if Trending or one of these lists is the default page, as an investor, you should always do your research first before investing in any coin. I also agree with you, although for me, I can simply use CMC to check the prices of the Top 10 coins in the market and invest in them without needing to rely on these lists. 

We should keep in mind that listing any coin on CMC or CG has become easier than before, so it’s very likely you’ll come across many scam coins. The comments section on CMC is one of the factors we should take into consideration, as it allows us to see community feedback about a specific coin, along with the exchanges that listed the coin and other details. These elements can help us determine whether a coin is worth investing in or just another shitcoin that will appear and then disappear with investors’ money.

[salad daging]

We should keep in mind that listing any coin on CMC or CG has become easier than before, so it’s very likely you’ll come across many scam coins. The comments section on CMC is one of the factors we should take into consideration, as it allows us to see community feedback about a specific coin, along with the exchanges that listed the coin and other details. These elements can help us determine whether a coin is worth investing in or just another shitcoin that will appear and then disappear with investors’ money.

Since Coinmarketcap has become part of Binance, it is now easier to list coins on CMC, and with Binance Alpha, many shitcoins are traded there non-stop.

Honestly, I don't really pay attention to comments on Coinmarketcap, whether they are negative or positive, because I don't look at them in detail - but for me, shitcoins are not worth investing in, unless you want to try with a small amount.

[Rikafip]

The comments section on CMC is one of the factors we should take into consideration, as it allows us to see community feedback about a specific coin, along with the exchanges that listed the coin and other details. These elements can help us determine whether a coin is worth investing in or just another shitcoin that will appear and then disappear with investors’ money.

Problem with this is that those "marketing agencies"  are offering shilling on CMC as well so even if you see bunch of positive comments, you can't be really sure whether some altcoin is legit or not (chances are that is not).

Trust no one.

[sunsilk]

Since Coinmarketcap has become part of Binance, it is now easier to list coins on CMC, and with Binance Alpha, many shitcoins are traded there non-stop.

It's a cumulative action but lesser effort on their end. From promotions to listings to cmc and then Binance itself.

Honestly, I don't really pay attention to comments on Coinmarketcap, whether they are negative or positive, because I don't look at them in detail - but for me, shitcoins are not worth investing in, unless you want to try with a small amount.

Me too. Many of them are obviously shill and out of nowhere, try to click some random altcoins from the least ranks and you'd see random people trying to talk how good it is.

But volume will speak from itself of how good they are. I'd avoid shitcoins, they're a waste of money for me and I don't come along with trends or hypes that are made through it.

[Darker45]

Since Coinmarketcap has become part of Binance, it is now easier to list coins on CMC, and with Binance Alpha, many shitcoins are traded there non-stop.

It's a cumulative action but lesser effort on their end. From promotions to listings to cmc and then Binance itself.

If the implication is that Binance turned Coinmarketcap from a good platform into a bad platform, that's unfair and probably not true. Binance bought Coinmarketcap for its self-serving motives. But prior to that, it was already a platform where all kinds of scam coins and exchanges would be admitted and promoted for as long as the the price is right. Coinmarketcap was dirty before it was transferred to CZ's hands. It's dirty now that it's owned by Binance.

[Rikafip]

If the implication is that Binance turned Coinmarketcap from a good platform into a bad platform, that's unfair and probably not true. Binance bought Coinmarketcap for its self-serving motives. But prior to that, it was already a platform where all kinds of scam coins and exchanges would be admitted and promoted for as long as the the price is right. Coinmarketcap was dirty before it was transferred to CZ's hands. It's dirty now that it's owned by Binance.

I would even argue that Coinmarketcap was worse before Binance took it over.

Back in those earlier days, scammy exchanges with fake volumes, like p2pb2b and HitBTC, were regularly at the top, luring unsuspecting newbies into using them and getting scammed. After the change in ownership, those issues improved.

[sunsilk]

Since Coinmarketcap has become part of Binance, it is now easier to list coins on CMC, and with Binance Alpha, many shitcoins are traded there non-stop.

It's a cumulative action but lesser effort on their end. From promotions to listings to cmc and then Binance itself.

If the implication is that Binance turned Coinmarketcap from a good platform into a bad platform, that's unfair and probably not true. Binance bought Coinmarketcap for its self-serving motives. But prior to that, it was already a platform where all kinds of scam coins and exchanges would be admitted and promoted for as long as the the price is right. Coinmarketcap was dirty before it was transferred to CZ's hands. It's dirty now that it's owned by Binance.

It's business after all and they have all the advantage by acquiring it. And right, aside from scammy coins that were listed there as said by rika, the exchanges that have low volume and faking it.

At least there is some improvement after that acquisition and managed to get rid of that. Although it's still in cmc/binance's advantage of course, it's their platform but at the same time, getting rid of those scammy exchange and as well as lessening the competition.

[Ultegra134]

To be honest, the Top list is my default page on CMC. Trending, Most Visited, and New lists can all be viewed when you click on them. Even if Trending or one of these lists is the default page, as an investor, you should always do your research first before investing in any coin. I also agree with you, although for me, I can simply use CMC to check the prices of the Top 10 coins in the market and invest in them without needing to rely on these lists. 

We should keep in mind that listing any coin on CMC or CG has become easier than before, so it’s very likely you’ll come across many scam coins. The comments section on CMC is one of the factors we should take into consideration, as it allows us to see community feedback about a specific coin, along with the exchanges that listed the coin and other details. These elements can help us determine whether a coin is worth investing in or just another shitcoin that will appear and then disappear with investors’ money.

That's true. A few years ago, before tokens were such a huge hype, you wouldn't see many shitcoins being listed on CMC or Binance. Now, both platforms are filled with random tokens, adding more day by day. I personally keep getting notifications from the Binance app about future listings etc, all being crappy tokens no one has ever heard before. I have no opinion to voice regarding Coingecko because I don't use it.

However, it's not new news that CMC isn't neutral anymore, they've been actively promoting tokens for quite a while now. Personally, I don't find it too much of an issue, as I'm not involved in any kind of trading of this type of coins, but I also don't think you should trust such platforms based on a few comments that could be paid/promoted/fake. 99% of these tokens are not worth it (as projects), they're a pure gamble, this isn't investing, just pure gambling.