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Author Topic: Coinmarketcap or Coingecko?  (Read 4405 times)
shinratensei_
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April 17, 2020, 02:40:55 AM
 #21

I take coin listing site just for the reference of price, to see where the coin are listed to and to get the links to the official website, thread and channels. Exchanges volume means nothing as most of them are indulged in fake trading. They team up with fake tokens and let them generate transactions that would make the volume of both the token and exchange to rise.
That means a lot for the newcomers. if you are expert enough in the crypto and this will not be a big problem since you can identify the exchange site that listed crap coin easily. You should take a look at so many ico teams were also getting scammed caused by some of them are new developers that tried their chance in the crypto.

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April 17, 2020, 02:47:33 AM
 #22

I don't really care much about the coins getting displayed but I use both of them. Though they both aren't accurate, they still have their own uniqueness. For example, I use coinmarketcap and coingecko to browse to top 100 coins and they are pretty much almost the same although I use coingecko when I want to browse and new and calculate it's value depending on my currency. That's one feature that coingecko have that coinmarketcap doesn't.
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April 17, 2020, 02:50:48 AM
 #23

Coingecko is far better than coinmarketcap. Coingecko has a lot of filters option to get some good information while coinmarketcap do not have them. By the way, CMC has been partnered with Binance and now we can expect some goof works from CMC too. P2pb2b is a shit exchange and they do not deserve to be no 3.
Just to inform you, there are a lot of threads on this comparison. Search before you create a new.

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April 17, 2020, 02:52:24 AM
 #24

Depends on how you rate them. For me, I never care for the rating but I am using both when checking some coins or tokens of my interest. But for the sake of comparison, I would go for coinmarketcap becauae I like the features and the UI of its design. I have the mobile app and it seems perfect for tracker of your coins and tokens. When regards to volume, I dont mind cause I am using different referencs for that one more accurate and only using during I am doing trading.
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April 17, 2020, 03:19:06 AM
 #25

For now coingecko rated looks better than that of Coinmarketcap, p2pb2b doesn't deserve the third rank that Coinmarketcap is showing, but I believe that coinmarketcap will adjust in near future since binance is now in charge of Coinmarketcap, I belief CZ will do his best to clear all the doubts in coinmarketcap rating soon

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April 17, 2020, 03:19:23 AM
 #26

Depends on how you rate them. For me, I never care for the rating but I am using both when checking some coins or tokens of my interest. But for the sake of comparison, I would go for coinmarketcap becauae I like the features and the UI of its design. I have the mobile app and it seems perfect for tracker of your coins and tokens. When regards to volume, I dont mind cause I am using different referencs for that one more accurate and only using during I am doing trading.
coinmarketcap has less features than coingecko. Coingecko also measures the volume with different angles to provide the best output to its users. They try to be as accurate as possible with checking the liquidity of a certain market.

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April 17, 2020, 04:06:07 AM
 #27

Coinmarketcap is the most popular and most famous cryptocurrency price tracker but they don't weed off  fake volume reporters like Vindax, P2p2p and their likes. This is misleading as it has led some inexperience developers on wrong choice when choosing where to conduct IEO ad get listed.

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April 17, 2020, 04:07:35 AM
 #28

check https://coinpaprika.com/ another alternative Grin

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April 17, 2020, 04:53:41 AM
 #29

For example, I heard lot that P2PB2B is one of the bullshit exchanges because it has fake volume, but why on coinmarketcap can in the top 3?
Whereas on Coingecko P2PB2B is ranked 114, Does coingecko know if it's bullshit exchange? so it's not in the top 3 like in coin marketcap

So which one do you trust more?

I will recommend you to use both as they both have pros and cons which you will be able to recognise when you start using them. Firstly I do not have a clue about this exchange as I do not use new exchange. I always prefer reputated and trusted exchange. If you want to safeguard your money use only those exchanges which have a reputation as everyday there is a new exch age in the market.

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April 17, 2020, 05:16:05 AM
 #30

I personally use the coinmarketcap and coingecko sites, but I use both sites only as reference material about the price of coins and nothing more. related to invalid data exchange problems like p2pb2b maybe for several reasons. but I am not friendly with p2pb2b exchanges because at its core this shady exchange often displays invalid coin data, prices, volumes.


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April 17, 2020, 05:17:40 AM
 #31

In terms of coins related details, coinmarketcap is leading the crypto market. But when it comes to exchange, coinmarketcap have a lot to upgrade whereas coingecko have better exchange speculations. They have the features like sorting out fake volume and low visit websites. Recently coinpaprika have doing great job. You can check it out as a alternate. I always use all three sites simultaneously to check coin details or exchange details. You will have better idea if check on every possible site at once.

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April 17, 2020, 05:25:28 AM
 #32

For now,,, it is clear, we go for Coingecko. But until any of these people are more transparent, until they tell us exactly which data is estimated and which is given to them, and until the public is allowed to mark and rate ratings and themselves can prove the numbers are right or wrong,,, I would never trust any number, Coingecko or CMC or anyone else.

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April 17, 2020, 05:32:28 AM
 #33

I have never used P2PB2B and I can not verify what so many people say about its fake volume. But I  follow the reviews because for some reason what they say is true. About CoinmarketCap, I also follow it as a reference in the prices of the coins.  While CoinGecko is the direct competition of CoinmarketCap Both sites are doing their best.

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April 17, 2020, 05:32:55 AM
 #34

Both of them have their advantages but I would prefer coingecko over coinmarketcap. I just don't trust coinmarketcap anymore. It seems to me they are using their huge power to manipulate the markets and that's now a good thing except for themselves. Besides, coingecko looks really good and offers more.

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Ucy
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April 17, 2020, 05:35:56 AM
 #35

For example, I heard lot that P2PB2B is one of the bullshit exchanges because it has fake volume, but why on coinmarketcap can in the top 3?
Whereas on Coingecko P2PB2B is ranked 114, Does coingecko know if it's bullshit exchange? so it's not in the top 3 like in coin marketcap

So which one do you trust more?

I definitely wish we could have agreed Blockchain standards for ranking these projects and not just rank things as anyone wishes. So I wouldn't judge the P2PB2B yet until we have agreed standards or rules to judge them with.
Besides, there are some projects at the top I don't believe deserve to be there. They are not really decentralized or safe in my opinion.
Projects that deserve to be at the top should probably be anti-fragile/well-decentralized/very safe, useful, easy-to-use, etc
 
Bitbtc8
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April 17, 2020, 05:44:56 AM
 #36

Coinmarketcap have disappoint many for their fake exchange ranking but that will change soon, once binance start full work on coinmarketcap the website will better than before

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April 17, 2020, 05:48:49 AM
 #37

I prefer using CoinMarketCap rather than other statistic crypto websites. It has all the data I need. As of Exchanges, they have Liquidity filter which shows the real volume on Exchanges.
Latines
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April 17, 2020, 05:54:51 AM
 #38

Why is it so important for you what place the coin occupies. In my opinion, the main thing is for a coin to carry out any fonctions, to carry value. Then she will be the top on all lists. When I personally buy coins, I never look at her place. Because you can buy a place, as you yourself see. Everything is sold and bought. But if the project is really worthy, then it will still gain recognition.
Free1bitco.in
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April 17, 2020, 05:59:00 AM
 #39

Coinmarketcap have disappoint many for their fake exchange ranking but that will change soon, once binance start full work on coinmarketcap the website will better than before
because of this, I use coinmarketcap and coingecko to see the volume of an exchange, because sometimes both information is given. but, going forward, coinmarketcap might be better than coingecko. however, I use both now.
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April 17, 2020, 06:25:16 AM
 #40

I prefer using CoinMarketCap rather than other statistic crypto websites. It has all the data I need. As of Exchanges, they have Liquidity filter which shows the real volume on Exchanges.
Choosing between depends from how you understand the functionalities of each services, though most of the time there's seems to be manipulated
results from CMC but if you already knows how to sort things out and brings out the things or informations that you've needed there's no problem
working on it and use it to base your next decision making.

Yes, you are right, they are not bothering about the people because many exchanges are using the bots in order to generate the volumes. Legally generated volumes are going down their ranking in CMC, that's why people should be very careful with both these CMC and Coingecko, a company which can eliminate bots will be preferred by the community members.

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