Is CoinMarketCap a scam?

[DrBitcoin]

I’ve been using them for years, I know Binance owns them…but I can’t understand why page 3 (starting at #201 Hex) has coins like Safemoon, that have a higher market cap than every coin on page 2…but is stuck on page 3.

It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.

What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?

[hosseinimr93]

According to Coinmarketcap ranking criteria, for being eligible to be listed among the top 200, the coin/token must fulfill some requirements.
Most probably, the token you are talking about doesn't meet the requirements and that's why it's not displayed in the first two pages. 

[NIKUBHI]

Coinmarketcap is a one hundred percent real and genuine platform for the crypto market analysis as I never heard of any scam from this platform from my crypto journey till now. I also see HEX on the #201 number from many days. I think that, this could be the platform analysis error or somewhat like.

[Jackl87]

I’ve been using them for years, I know Binance owns them…but I can’t understand why page 3 (starting at #201 Hex) has coins like Safemoon, that have a higher market cap than every coin on page 2…but is stuck on page 3.

It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.

What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?

Coinmarketcap is definitely not a scam but of course they decide themselves what criteria they use to rank the projects and I'm also pretty sure that they rank projects that have to do with Binance, are tradable on Binance or in which Binance itself has invested higher or put more in the spotlight than other projects. That is why i was not really excited when it became public that coinmarketcap was bought by binance, because it is never a good thing if one company has to much influence in any business field and i think that Binance is already very dominant in the crypto space and they are trying to become even more dominant.

[zasad@]

If Coinmarketcap added coins to the rating only by assessing their market capitalization, then after 50th place you could see a lot of scam projects.
It is correct that each service should have its own criteria.
But if you don't like Coinmarketcap, then there are many analogues:
https://www.coinwatch.com
https://coinlib.io
https://coincodex.com
https://www.cryptocompare.com
https://www.coingecko.com/en
https://bitscreener.com
https://onchainfx.com

This was my first forum post.
https://bitcointalk.org/index.php?topic=1006631.msg52036652#msg52036652

[tvplus006]

I’ve been using them for years, I know Binance owns them…but I can’t understand why page 3 (starting at #201 Hex) has coins like Safemoon, that have a higher market cap than every coin on page 2…but is stuck on page 3.

It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.

What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?

I always believed that the only criterion for getting a coin on the first two pages of the rating is its capitalization, but as it turned out, I was wrong. After I carefully looked at the coins that are located in front, I noticed that they are all traded on Binance, Binance DEX or another TOP exchange. Obviously, this, along with capitalization, serves as the main criterion for evaluating coins. And until Hex and Safemoon are listed on the Binance, they will never rise higher in the Coinmarketcap rating.

[CaVO32]

According to Coinmarketcap ranking criteria, for being eligible to be listed among the top 200, the coin/token must fulfill some requirements.
Most probably, the token you are talking about doesn't meet the requirements and that's why it's not displayed in the first two pages.  

First, I won't call CMC as a scam because they are not duping any user here. They have their own criteria so it is according to their standards how they will rank the coins. And if you are not happy about it, just like zasad said, you have several ranking websites to look out for also. Or just apply filters if you want to see specific categories and their rankings. Anyway, the ranking itself doesn't equate how good the coin is in the actual market. There are coins at the top which don't have active use case, whereas, there are some gems which are below them that have active use case.

[Johnyz]

How it can be a scam if its just a monitoring site? Also you can have other option if you think CMC is not fair on their rankings which is just based on their requirements.

To get listed in CMC you have to provide such requirements and also if you think you are qualified to be on top positions, you still need to submit your requirements. I don’t know hows the process but for me CMC is not a scam.

[sunsilk]

It's about its standard and there must be some statisticals requirement from CMC itself why it's like that.

As you compare, take a look at the other websites just as the same as CMC to compare if there's a lot of difference or it's also the same as CMC that you're looking at.

It's not a scam, just as the others that only shows status and data of different cryptocurrencies.

[Mahanton]

According to Coinmarketcap ranking criteria, for being eligible to be listed among the top 200, the coin/token must fulfill some requirements.
Most probably, the token you are talking about doesn't meet the requirements and that's why it's not displayed in the first two pages. 

Probably or most likely this had been the reason on where a certain project hadnt able to meet up the requirements thats why it isnt displayed on 1-2 pages and if you are really that kind of investor whom do check out on

the coins that you are possesing into and find out that it isnt on the right ranking then you would really be basically having these kind of reactions which isnt really surprising.
I dont see to be a scam but rather misleading on some case but high likely the link given above is the culprit or reason.

[Kusman]

I don't think that Binance exchange would own a scam platform. They would already know that it would tarnish their reputation. Binance is the number one cryptocurrency exchange in the end. And I didn't think even once that Coinmarketcap would be a scam. Sometimes, they had some technical problems like showing faulty prices. But they corrected their mistake quickly all the time. If you are still not comfortable with the website, then I would recommend Coingecko too. It seems more reliable.

[seramania]

According to Coinmarketcap ranking criteria, for being eligible to be listed among the top 200, the coin/token must fulfill some requirements.
Most probably, the token you are talking about doesn't meet the requirements and that's why it's not displayed in the first two pages. 

This is the most correct in my opinion based on the facts on the ground. the requirements of a coin to be in the best position on coinmarketcap are very different from a token that occupies a position in the order of many. For example, trading volume, exchange, marketcap, and selling and buying charts on a daily, weekly and monthly or yearly basis can affect positions on coinmarketcap.

[Baofeng]

I’ve been using them for years, I know Binance owns them…but I can’t understand why page 3 (starting at #201 Hex) has coins like Safemoon, that have a higher market cap than every coin on page 2…but is stuck on page 3.

It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.

What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?

They have their own criteria, maybe you can cross it to other sources such as https://www.coingecko.com/en so see if there is a difference or not. If there is then it's really up to you who to believed.

You don't need to pay Binance though, again it boils down as what are their yardstick. Not defending them because they have been accused in the past already, however, if this is the case then this could have been noticed too and could have been an issue already.

[btc_angela]

I don't think that Binance exchange would own a scam platform. They would already know that it would tarnish their reputation. Binance is the number one cryptocurrency exchange in the end. And I didn't think even once that Coinmarketcap would be a scam. Sometimes, they had some technical problems like showing faulty prices. But they corrected their mistake quickly all the time. If you are still not comfortable with the website, then I would recommend Coingecko too. It seems more reliable.

Yes, they have their reputation to protect, and since CZ has taken over it, there has been a lot of chances, maybe inside policies and/or criteria and obviously what the OP is complaining didn't make their strict criteria.

Big exchanges has some faulty issues in the past as well, like Coinbase. So similarly, Binance will make mistakes as well. But they are very quick to fix the issues so Coinmarketcap is good in my opinion.

[ene1980]

It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.

What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?

Why do you think CZ and Binance purchase CMC. It will be their tool to propagate their idea about the market and they can manipulate certain aspects of the market with the rankings so that anyone who used to check CMC would continue to do so but forgets the fact that the owners changed hands and you cannot expect a fair view of the market especially if there is something that could boost up their business.

[yohananaomi]

According to Coinmarketcap ranking criteria, for being eligible to be listed among the top 200, the coin/token must fulfill some requirements.
Most probably, the token you are talking about doesn't meet the requirements and that's why it's not displayed in the first two pages. 

I think what our colleague @hosseinimr93 said can be accepted and digested correctly and I think it makes sense, because each particular application is ensured to carry out the requirements that are adjusted to the existing predictions and are correct. but if there is a mistake or something that feels awkward, you can make a correction directly to their admin to get clearer information.
so that there is no perception that would be wrong and have another impact, I think they are willing and will be able to carry out the dialogue well.

[DapanasFruit]

I am actually surprised that anybody can be accusing CMC as a scam...maybe there can be some technical problems from time to time or they have their own guidelines being followed that can determine how a certain digital asset can be listed or what place it will occupy on the list...but certainly this can not be qualified as a scam. In the first, CMC is not asking money from us though it can be getting its revenues from advertising too...

[CryptoWarriorsssss]

I’ve been using them for years, I know Binance owns them…but I can’t understand why page 3 (starting at #201 Hex) has coins like Safemoon, that have a higher market cap than every coin on page 2…but is stuck on page 3.

It’s like they put a velvet rope at coin #201, and only some coins can pass beyond that, and others can’t.

What is the explanation? Do you have to pay Binance to get past this velvet rope? Does someone at Binance try and decided what’s “worthy” of being on the first two pages?

of course ， not

[andriarto]

According to Coinmarketcap ranking criteria, for being eligible to be listed among the top 200, the coin/token must fulfill some requirements.
Most probably, the token you are talking about doesn't meet the requirements and that's why it's not displayed in the first two pages. 

so basically coinmarketcap is still normal no disturbance. and what happens is possible because of the lack of requirements on certain coins to be ranked according to their order. for coinmarketcap, I've used it since the beginning of knowing crypto, and from here I can find information about the development of coins, especially on prices and exchanges

[Ararbermas]

Its not a scam mate because CMC is the most reliable site nowadays and very genuine. and each of every project need to meet the requirements so that the can avail spot in coinmarketcap, if not then they are not eligible, and for your information there some projects as well that suddenly disappear within that site, and of course there's a good reason for that, i mean it's either turn into scam or CMC receiving a bunch of negative feedback about the project that's why they decided to remove it for the safety of the community..