Coinmarketcap is a real and genuine platform for crypto market analysis, where coins that have entered the CMC have good value in the future,
CMC has its own criteria in assessing a coin where what is seen is the volume of sales within a certain time which is determined by CMC itself Maybe
so Coinmarketcap is definitely not a scam for me
But CoinMarketCap was acquired by Binance for $400M on Apr 1, 2020. That's why there can be something fishy from Binance.
Again its true that Binance can make their own decisions in CoinmarketCap website easily.So we should research by own to know about the project details beside CoinmarketCap.
Does it mean that Binance now is controlling the market today? I don't think so and in fact, I'd never know how it does but what I saw is that the market remains decentralized and it moves freely in accordance with the demand and market supply.
With that Binance listing have their own criteria, that's their rules and I think there is no need to question than unless it was really questionable but as it talks only about listing, I believe there is such a requirement. Does the rank really matter? I'd never look that hard but I'd rather look at the potentiality and use-case of the project as that was the ticket for its success, not their ranks.