CoinMarketCap Excludes Korean Exchanges from XRP Price

[AlexanderPetrex]

Ripple News Update

Many readers panicked when checking Ripple prices this morning because a popular web site excluded Korean exchanges from its calculation of Ripple prices.
The result was a seemingly sharp drop in XRP’s value.

What’s shocking is that CoinMarketCap did not warn investors about the change, nor did it explain the shift thereafter. Investors simply discovered the move by checking CoinMarketCap.com. This sparked panic and then a frantic search for answers.


Continue Reading ... https://www.profitconfidential.com/cryptocurrency/ripple/xrp-price-prediction-coinmarketcap-excludes-korean-exchanges-ripple-price/

[cryptohunter]

CMC need to do more things like this

they are the most dangerous site in crypto

icos should have a totally different section since they are all mostly fake caps and fake volume

[penig]

A number of coins are distorted by Korean exchanges, not just XRP.   Example bitcoin at $22.2k and Ethereum at $1700 on Bithumb.  The price arbitrage the article talks about simply doesnt happen in crypto currency yet.  I'm pretty sure CMC says they exclude prices out of certain % bounds.