Coinmarketcap and denial of reality

[chermah]

Hi,
It seems like coinmarketcap is in a complete denial of reality by ignoring bithump prices (https://coinmarketcap.com/currencies/bitcoin-cash/#markets)

https://www.livecoinwatch.com/ displays 2176€ for BCH currently

Does anybody knows why coinmarketcap is doing that ?

[1715199595]

1715199595

[1715199595]

1715199595

[1715199595]

1715199595

[BitcoinHodler]

there are about 50 different exchanges having bitcoin cash market for trading, price of BCH in all of them is currently in the range of $1500 approximately but Bithumb price for BCH is $2500 and that is not a small difference. it is about 1.5 times more price. that can not be normal! and there is no "reality" to it.

i don't know why it is like this but Korean exchanges are known to be shady. possibly a lot of fake stuff is going on there.

[chermah]

Sure, but coinmarketcap doesn't have the right to define what's the correct price, this is astonishing for me

[ladydark]

Bithumb does not seems to be a legit exchange.It is said that it allows wash trading in which same stock or assets are bought and sold repeatedly by the same person and by this way,artificial activity is shown and price is manipulated.Its said that it was the main reason for such a high pump in BCH price.That's why,Coinmarketcap has not taken bithumb's price in to consideration.

[aoluain]

I think if one exchange out of 20, 30 or 50 exchanges is.
showing an abnormally high value, 1.3 times higher than
all the others we can not take it seriously and neither
do coinmarketcap.