MarkepCap sites should implement some checks and balances

[ottogary]

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.

What i know is that coinmarket cap sites is just used to show the marketcap of coins that the data is taken form many exchange markets, so in case there is an indicated scam coins, it should be gone from the marketcap since the data won't be available to be taken from the exchange market.

[yanto@1977]

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 crypto market data always changed every second and no one can follow it, so I suggest you to not trust it but you can see from exchanges data. CMC and coingecko is like portal data that you can see all information running but the specific data ( true ) is only on exchanges. Those web have good performance for me, even sometimes not correct but from them I see opportunity,

[mastersay]

We should make our own research. But that doesn't mean that the cmc and coingecko is no use. It is useful also for just references on its price and its volume. But we make our own research to know more.

[Ucheman]

The fact is that many of the biggest scams that has happened in cryptocurrency listings are scams that looks very genuine at the surface, some of them would pass even the most rigorous checks of some exchanges.

[dicaprio]

For a very long time, many forum participants said that sites that convey such dynamics can deceive us. I think that this may be due to the fact that the exchanges may transfer not quite correct information.

[DominickA86]

It is pretty difficult to find an exchange that does not have any trading bots that are manipulating the volume. Thats why I prefer to use decentralised exchanges. Moreover the Caps websites are also making some strange things like that time when cmc showed +60 percent for each coin.

[markieeeloy]

Based on my research, developers team for coin market cap have been using automated data to process the prices on the coins reflected on their website. It has nothing to do, or coinmarketcap has nothing to do to its price and its delisting. Because it is a passive viewing only.

[Ifychuks]

I think the coinmarketcap (CMC) is now becoming strict on the tokens listed there. Somewhere in an ICO group, an admin mentioned that and it will really be great if CMC starts scrutinizing tokens listed.

[gidaahmad]

Honestly, I often take information from a coin through the CoinMarketCap website. Because the sport shown is really accurate for the price of the Exchange. At least, I was able to see many charts last year, as my reference in trading.

[antsam]

As a form of responsibility for MarketCap, such as CMC and CoinGecko, they should care about such things, removing coins that have proven to be a scam. So that many people are helped by losing their money