MarkepCap sites should implement some checks and balances

[Bonwin]

I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.

Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.

If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.

[1715071011]

1715071011

[1715071011]

1715071011

[1715071011]

1715071011

[1715071011]

1715071011

[1715071011]

1715071011

[1715071011]

1715071011

[Nivelir]

In fact, for a very long time, people have already said that the count of capitalization on a coinmarketcap is considered to be not quite correct. But nothing I know happens. In fact, it really has a big impact on the market as a whole.

[bitkanu]

I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.

Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.

If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.

CMC gets decreased on its quality, so far i you are seeing the fact that it might be dozens of fraud coins delisted from coin market cap till this time
But it looks like CMC doesn't even care about that and just try to keep it listed on the site.

[bolshojkush]

In any case, such sites as CoinGecko help to monitor the situation in the market and where you can buy or sell tokens. It's convenient. About fraudulent coins-not always even the best experts can recognize a well-prepared SCAM.

[vv181]

Cryptocurrency markets cap rankings website doesn't need to delist any scam coin since it isn't their job. The website functioned just to list the cryptocurrencies market statistics other than that it is our job to research and analysis the project. Actually, it just needs common sense to be able to see a scam project easily. 

[indriasyifa]

Actually, this must be done by them because if fake coins go into them, investors will be affected because many investors trust the place of the token listing. So they are trapped to invest their money to buy fake tokens.

[geminiboy]

I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.

Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.

If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.

CMC gets decreased on its quality, so far i you are seeing the fact that it might be dozens of fraud coins delisted from coin market cap till this time
But it looks like CMC doesn't even care about that and just try to keep it listed on the site.

coins scam listed on CMC were not originally scam coins, they only failed in the market so they did not have investor confidence and lost trading volume, I still believe CMC is an accurate site to see the price list that is happening, and like the one I see some scam coins in CMC have been deleted

[winstonchurchillwar]

Coinmarketcap is not responsible for advertising, they just get the money and I think it is normal because it is one of the main revenues of the site. The famous, too, advertise bad products and on them no one takes offense. Just ignore the ads and use the services of the site as it provides everything for you for free.

[IgorShumilo]

Authoritative exchanges clean up non-fraudulent projects, they exclude trading pairs where there is a very small trading volume, because they do not receive their commission for this. If fraud brings money, then no one will remove it. Isn't Bitcoin Cash a scam !!? But still, all the major exchanges have trading pairs with him.

[Ini35]

I have always known CMC to be a good site since I started  investing in cryptocurrency and I still use it. Although, they have their Owen shortcomings, which sometimes can be misleading. I have seen situations where the price of a coin on CMC, compared to what is on the site, were very much different.
Which means CMC, is just meant to give you a clue on what is happening on exchange, then it is left for you to visit the exchange and confirm.

[Geenstijl]

I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.

Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.

If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.

The easiest way to clean them out is to get rid of projects with near zero every day volume. By the way, take a look this article about the real situation on the market (https://blog.goodaudience.com/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaee) and pay attention to Current Environment section (as well as the whole article). I find it very interesting.

[masterrex]

I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.

Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.

If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.

I agree with you, since this platforms are very useful in terms of data and insights. They must observe transparency and professionalism with those things such as execution on truthful information about the platforms they want to list on the site. This is so important to avoid further problems regarding faked and scam front projects to be listed.  

[TastyChillySauce00]

I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.

Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.

If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.

I agree with you, since this platforms are very useful in terms of data and insights. They must observe transparency and professionalism with those things such as execution on truthful information about the platforms they want to list on the site. This is so important to avoid further problems regarding faked and scam front projects to be listed.  

As problematic as it seems they really not giving any attention to this kind of thing, they are only listing the most demanded coins whether it's implicated as a fraud or not. The unpopular ones will be left behind and will eventually get delisted even if they are legit. Even I've seen tons of crypto that works on ponzi scheme listed there, not a new thing.

[Mysteryla]

Everyone who uses these sites, should know that, they are just meant to give firsthand information, but that you should not dwell so much on it, until you gave visited the exchange in question.
Most times, when you see a coin that has lost its value on CMC, you would have known, because, it will only have MarketCap, without trading volume and even if it has trading volume, it will be so minute.

[Galantin]

Exactly. If the leaders with their income and support fraudsters is a big problem. The market needs to be cleared of this. But it seems to me that it is not anyone who is not interested in anything but investors and hunters.

[Maestro75]

I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.

Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.

If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.

CMC gets decreased on its quality, so far i you are seeing the fact that it might be dozens of fraud coins delisted from coin market cap till this time
But it looks like CMC doesn't even care about that and just try to keep it listed on the site.

All that CMC cares about is the trading volume. Once any coin meets the required amount in its trade volatility it is accepted and listed on CMC. The site does not do a thorough check.

[rosezionjohn]

I don't think it is their job to do it. It probably takes a lot of their time. Just updating the circulating supply of a coin or token already takes a few days of weeks, how much more monitoring which ones are dead.

[owlman]

CoinMarketCap presents a really huge amount of coins, and many of them are probably fraudsters and have no demand, but you need to understand that such sites provide us only information for researching coins, displaying the volume of trades, each coin, charts, exchanges on which they are sold and etc. Therefore, I personally do not see any problems, I always use the CMC to monitor my coins.

[Indamuck]

Coinmarketcap is a business and their main goal is to make money.  It will cost them a lot of resources to go through every single crypto that is listed and do a in depth analysis on each project to determine if it is legit or not.  Ultimately the free market will decide what coins are best and there are many alternatives to coinmarketcap if you want to go down that route.

[supine]

I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.

Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.

If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.

I think soon they will do something about this. There are a lot of exchange in cryptocurrency and a lot more are being developed and majority of them are creating fake volume to earn money. That's also one of the reasons why some altcoin price dump due to this fake volume.