PooCoin vs CoinMarketCap

[senyorito123]

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?


I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?


P.S: I'm perfectly aware of the risks and the problems that a shitcoin can cause.

I'd rather choose CMC instead of poocoin, because shitcoins was usually reported at this website compared with trusted coinmarketcap. I find this as reliable source for so many years and they're accurate on tracking other inactive projects that doesn't have good trading records. Same with my shitcoin holdings, they're providing real time track that it doesn't have an active community in this present times.

[Coin-1]

I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?

It would be more correct to call these assets "shittokens" rather than "shitcoins", because the Poocoin service is focused mainly on the Binance Smart Chan tokens. I think you are right. Almost all BEP20 tokens are usually traded on the PancakeSwap decentralized exchange, so the Poocoin platform can automatically calculate the CAKE and BUSD LP Holdings in real time. It provides the total amount of the Market Capitalization, including locked and excluding burned tokens. Of course, Poocoin also illustrates the price chart and common data such as BSC transactions links. Moreover, Poocoin recently started supporting the Polygon (Matic) and KuChain (KCC) networks, so I imagine this trustworthy service will be even more useful in the future.

The CoinMarketCap website is pretty ideal for providing real information on Bitcoin, Ethereum and other coins, but I also use the Poocoin platform to estimate the potential of the BEP20 token I am going to invest in.

[asriloni]

I use Poocoin for new projects yet to be listed on coingecko, this is to get some statistical history and draw my decision. Coinmarketcap seems to give a better long-term history and it's more popular.

CMC is far reliable compared with poocoin. Poocoin used by so many shit token gamblers. that's why it was always listing the shit token or it's only focusing in the tokens that listed in the BSC and ethereum dex.
CMC is owned by binance exchange site and then this is also having different matcs combined with the various things. Poocoin is a copy cat from dextool but this is being dedicated for the doge shit token and that's why you will be seeing majority of people are using this site to know what new shit token that comes to the market. This is not comparable with CMC as it's fully backed by binance. Poocoin was only focusing on BSC and polygon.

[apur688]

I think CMC is the better one. Almost all of crypto users agree with this. I don't know why, CMC is look like coingecko actually, but CMC gives more features, having a ranking systems for coin and exchanges, etc.
Any coins that listed here usually getting higher in price

But poocoin, I think it's just like another chart platform, nothing special

[laredo7mm]

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?


I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?


P.S: I'm perfectly aware of the risks and the problems that a shitcoin can cause.

PooCoin shows real-time data and you check every recent transaction live that happens on BSc chain. It's more accurate and updated than coinmarketcap. But as I know poocoin doesn't provide their service for other chains so you can also use another popular site called dextools.

Dextool supports most of the major blockchain and you can see the current market cap, TVL, token holders, etc in real-time. They also have a trading bot and some premium services for their premium users.

I like coinmarketcap for many reasons and one of them is for their upcoming project list which is pretty useful for an investor like me.

[Kitaiev]

Of course PooCoin provides more reliable data than CoinMarketCap and you could see for yourself yesterday.
PooCoin provides data from a specific place and from a specific pair while CoinMarketCap provides information from all resources where the data may not be correct.
Personally I trust more PooCoin.

[Wildwest]

For now poocoin does have information about shitcoin more accurately when compared to CMC, but instead CMC can not collect more detailed data about shitcoin because currently there are so many shitcoin scamers that CMC does not fully update the shitcoin data that is less clear, and this is very different from Poocoin they list all the shitcoin that exists even useless coins, I think we can use both of them even if it's a little different.

[Coin_trader]

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?

Poocoin is the most accurate since they are fetching data directly to the smart contract of the token. But you can only see limited info there since smart contract data is limited. But since the accuracy is main concern here so I guess poocoin has a great advantage on showing accurate data for a certain project you are talking.

Coinmarketcap is good for getting the over all data such as links to website & social media, history of prices, general overview of the project and other info you need to need to know if you are doing a fundamental analysis.

[Dr.Osh]

Of course PooCoin provides more reliable data than CoinMarketCap and you could see for yourself yesterday.
PooCoin provides data from a specific place and from a specific pair while CoinMarketCap provides information from all resources where the data may not be correct.
Personally I trust more PooCoin.

but PooCoin can only be used for bsc platform coins if I'm not mistaken. in terms of data, maybe PooCoin is still superior because its reach is not so wide. however, personally, I use CMC more than PooCoin. I also trust CMC although sometimes I do more in-depth research on my portfolio.
well, but it's just a point of view difference, I sometimes use both. other than that, both are very nice to use.

[nimogsm]

I think the simple appearance of Poocoin is light, but for statistical completeness, Coinmarketcap is certainly better, especially the other drawback is that we have to look for the tokens that we want to analyze and make more time wasted. so overall for now i prefer CMC over poocoin.

poocoin it is more accurate because it scans one trading pair in real time because of this there is less spread in price, while on coinmarketcap there is an average value due to larger trading pairs.The first option is created for tokens that do not always even reach coinmarketcap.

[Snappycoco]

Are data provided by PooCoin more reliable than the ones provided by CMC?...I'm talking especially about market cap data, how PooCoin gets information about the capitalization of a coin?


I'm asking this because I'm starting to notice that, especially when it comes to shitcoins, CMC tends to report wrong infos, so, do you think that PooCoin is a more trustworthy platform to check real data about a shitcoin?


P.S: I'm perfectly aware of the risks and the problems that a shitcoin can cause.

Well I'd personally prefer poocoin. Its price oracle is quite accurate compared to cmc. I have been using cmc android app since May and it really gives me a headache. Too laggy and not showing correct prices as well. Poocoin in the other hand is quite. They offer in house dex added by the actual price orders within the pool.

[Rahman11]

I'm thinking CoinMarketCap is wrong. I had the same thing not long ago with $ASS and my sell price on PancakeSwap was the same as PooCoin, not what CoinMarketCap said.

[DOH!]

I don't have any idea to compare or choose between them because it's basically structural difference. To my knowledge poocoin is a form of live charting of data, while CMC is an API based price and chart aggregator of aggregated exchange data. Poocoin as a linked DEX. Anyway, there's not much choice to compete with CMC except last night's hack. Lol

[Mamun74]

Both are different structure so i have no idea to compare both. Poocoin brings tracking many things like,transaction, wallet etc.Poocoin you use only for BSC network. coin market cap is good ideal Bitcoin, Eth and others coin token.I like both and im usually using poocoin and CoinMarketCap.i Think both are active and good community.

[Mehedi72]

I never heard about Poocoin but looks like PooCoin only introduce tokens on BSC, could be a great platform to analyze BSC tokens.

It is true that they mainly focus on bsc chain's tokens but besides you can also find tokens which belongs to, on kcc Network as well as matic (polygon) network. Although I am not sure how accurate the info poocoin shows for kcc and matic network

PooCoin also doesn't provide the source of their info. I won't be surprised to discover that it gets info about the projects from cmc.

I may agree, poocoin gets info about the projects which are available on cmc but what about those bsc, matic, kcc project which aren't available on cmc but poocoin shows price as well as their volume and others information?!

[AmoreJaz]

I never heard about Poocoin but looks like PooCoin only introduce tokens on BSC, could be a great platform to analyze BSC tokens.

It is true that they mainly focus on bsc chain's tokens but besides you can also find tokens which belongs to, on kcc Network as well as matic (polygon) network. Although I am not sure how accurate the info poocoin shows for kcc and matic network

PooCoin also doesn't provide the source of their info. I won't be surprised to discover that it gets info about the projects from cmc.

I may agree, poocoin gets info about the projects which are available on cmc but what about those bsc, matic, kcc project which aren't available on cmc but poocoin shows price as well as their volume and others information?!

cmc is more popular than poocoin among crypto users. though poocoin may give better info in terms of bsc tokens, as they are like focusing more on bsc tokens. so they should give at least more accurate info. anyway, both platforms are to be used as just reference materials not ultimate source of actual data.
so for me, there's nothing to compare here. if you want precise numbers, go to the exchange itself and check the actual trading values. because we can't expect that they are using real-time data.

[Theteam407]

Poocoin gets first hand info on trading of all coin unlike coinmarketcap

Poocoin is reliable and to be trusted in everyway as coinmarketcap gets their infor from poocoin

[llecrf]

Poocoin reads data on each contract from tokens in the BSC network, in contrast to coinmarketcap and Coigecko, they have an API to read the market cap of some exchanges, I think it's like a trading robot (correct me if wrong) but the use of poocoin so far is still good, because of the volume what is read is on Amm pertumaran like pancakeswap.

[Jaered]

Coinmarketcap tends to be an all rounder, though like you pointed out, it tends to show poor or inaccurate data on Shitcoins, which I think is correct considering its rendering of Saitama Inu data. I would pick Poocoins and even dextools over my shitcoins monitoring

[deadmousehat]

i use both but for now use PooCoin more often. CoinMarketCap design is better than PooCoin which looks horrible and unattractive but PooCoin in my opinion is more accurate than CoinMarketCap whose price is late compared to real time prices.