PooCoin vs CoinMarketCap

[bct-user]

I only use Poo Coin for coins I can't find on Coinmarket cap

What coins that you didn't find in CoinmarketCap? I think CoinmarketCap has more complete coins than PooCoin. If the coin cannot be found in CoinmarketCap, probably it is a new coin.

I think the coins on the market cap are more reliable rather than some shitcoins that was listed on the PooCoin

I think it is not true. Even in CoinmarketCap, there are also many shitcoins. Shitcoins are everywhere, CoinmarketCaps or PooCoin just list the information about tokens/coins in general. They don't categorize it as shitcoins or trusted coins.

[goldkingcoiner]

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.

First and foremost you should trust your gut instinct. If something seems too good to be true, it probably is. Secondly, I trust Coinmarketcap more because it has proven itself time and time again. But I would not mind double checking with another site. If the alternative site, in this case, poocoin (never used it though), has some warning flags about a  coin then I would stay away just as well. From my point of view the best strategy is: Don't invest into new coins.

[mdzahed134]

Coinmarketcap didn’t provided accurate data most of the time & i see many thread already created against wrong data. Whatever, i never used PooCoin and while it’s ridiculous thing to hear, I heard this name today. Coingecko is my favorite instead of CMC. Their most things accurate than CMC. 

Coingecko is the best of them all. If gives accurate details of the project but Coinmarketcap doesn't always go with the actual data if there's any change along the line like burning of tokens, they find it very hard to update or change the already have data to new data on CMC after informing them

Coingecko and CMC are just the same not accurate but I think CMC is the worst of them all price too late compare to realtime price, I agree on above comments Poocoin is more accurate than this two but it only focus on BSC tokens. If you want more precise than  the two mentioned try Nomics.com.

Yeah, both of using same algorithm but it’s true that Coingecko is very responsible than CMC. But also Coingecko  are not 100% accurate data. PooCoin seems poor quality i see it’s not easy interface and it’s focused specifically BSC and Matic based projects. Nomics just copycat to CMC. 

[lvsca]

Poocoin is automatically updated or in control by the project developer himself. Not done by the Poocoin admin itself. Usually the information is read from the existing smart contract. That's why every time we look for information on a coin we have to know the smart contract. Unlike Coinmarketcap which is maintained tight to get a listing here. However, listing here gained a trust even though some projects were inaccurate information. but, usually it's only for low-ranked coins.

[hodlftw]

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.

Your analysis is spot on. CMC and CG are quite awful at tracking these newbie coins when they come out and sometimes after the fact still have incorrect graphs. ex. look at mononoke inu. You can't find it on one of the sites. The other the graph is absymal looking when in reality it did great. Dextools is the one to use for that one (ETH chain).  Use poocoin for early time analysis (BSC chain) .

[haasanjui]

PooCoin is website that tell us price of listed and unlisted coins which is benificial for us but coinmarketcap is a web which tell us marketcap, total supply, and price of listed coins. According to me Coinmarketcap is better than PooCoin

[Mehedi72]

Obviously cmc is best cause it gives us every single details about altcoins and helps us to make a short analysis on any altcoins that listed on cmc. But i think PooCoin isn't bad cause it gives us some basic info too. Today i search a bep20 & i found it on PooCoin website with token value and trading volume. so i think we can use PooCoin vs CoinMarketCap both, when we need but cmc is best

[crzy]

Obviously cmc is best cause it gives us every single details about altcoins and helps us to make a short analysis on any altcoins that listed on cmc. But i think PooCoin isn't bad cause it gives us some basic info too. Today i search a bep20 & i found it on PooCoin website with token value and trading volume. so i think we can use PooCoin vs CoinMarketCap both, when we need but cmc is best

Coinmarketcap has been the standard if you get listed on this site you can have a value now on most of the monitoring wallet and many are using this to see the value of the tokens. I never heard about Poocoin since I’m too focused on coinmarketcap but it looks like PooCoin only introduce tokens on BSC, so this could be a great platform to analyze more the BSC tokens.

[Kavelj22]

Obviously cmc is best cause it gives us every single details about altcoins and helps us to make a short analysis on any altcoins that listed on cmc. But i think PooCoin isn't bad cause it gives us some basic info too. Today i search a bep20 & i found it on PooCoin website with token value and trading volume. so i think we can use PooCoin vs CoinMarketCap both, when we need but cmc is best

Talking in general, it's so much better. However, it's not yet clear how cmc collect important info about those projects (newest in particular). With thousands and thousands of projects got listed during only the last 3-4 years, it's obvious how cmc is a main player to help fake projects appear.
This is npt to say that PooCoin is good but it 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.

[harizen]

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?

Data and information about a certain coin are sometimes wrong or outdated. It's normal and common to encounter.

No need to judge if one of those tracking sites is sh*t. If you want certain information, you can check that particular coin on all tracking websites. See if there's any information that different from another.

I consider CMC and Poocoin as a good references for coin information. If there's an outdated one, we can always reach them for a prompt.

[dansus021]

poocoin and other dex tools is accurate they using data from the transaction and LP based on decentralized exchange and cmc usually tracked based on API on centralized exchange but sometimes othe dextools not accurate because only took one source like only pancakeswap the dex is a lot there is apeswap mdex and other

[Doell]

both are tools for us to use in tracking or just to check prices ,I'm not too focused on other things ! I personally was quite helped by the existence of poocoins on my mobile phone because dex had to enter a value in order to know the price ^{which is not on coinmarketcap or others} to be honest coinmarketcap is still a favorite but if there are other options why not ,and not everything has to be perfect  !

[_IRMAN]

Heard of the name Poocoin, but didn't know it was a DAPP created on binance smart chain until today. I always thought it was a platform that lists all shitcoins and tracks the data, hence the name haha. Still wouldn't use it. Maybe it's the name.

Poocoin is an alternative if you have trouble swapping on pancakeswap. PooCoin has an auto slipage feature, where slipage will automatically adjust to what is needed, and poocoin also has features such as dextools.

[Jackl87]

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 have not that much experience with PooCoin because i have not used that much as of now, but i am pretty sure that coinmarketcap is definitely not the fastest site that shows all the cryptocurrencies with their relevant stats. For small or relatively new coins i use coingecko a lot because they are faster with showing data of new projects. Coinmarketcap also has the rule that it is not verifying the total market cap of a project if it is not listed listed on a least 3 different exchanges. This for example leads to the weird circumstance that a big project liked Radix which has a total market cap of aroudn 12 Billion $ and should be a top 20 coin is still at rank 2900 at coinmarketcap.

[uelque]

Well, if we are talking about realtime data and shitcoins, then poocoin is much more reliable. Market capitalization is not being shown in coinmarketcap unlike in poocoin because I believe they are following a certain standard regarding the visibility of marketcap data on their platform. But if you're into much bigger altcoins or tokens, already listed on various exchanges, and want to always be updated about it's current price and marketcap in a much hassle free environment then coinmarketcap is well recommended, or either coingecko because they are both good platforms.

So for me, it actually depends on what you are looking for.

[josephdd1]

I know that Poocoin shows information about new projects what is really valuable as not many other platforms provide this information. Nevertheless, Poocoin is focused mostly on Binance Smart Chain and Polygon, while coinmarketcap cap supports more coins from all networks and more info about them including exchanges and pairs where to trade this coin.

[masterrex]

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 guess for BSC base tokens PooCoin is reliable since it was using the real-time data from the exchange itself, and only focus on one Network which is the BSC, but Im doubting on CMC because they are giving service and insight in too many Networks that's why it may experience delays and lags so I guess you are on the right track by using PooCoin as the realtime data source for BSC tokens.

[wheelz1200]

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.

Cmc is definately less accurate.  They are known to have glitches in prices, especially BSC tokens which makes the price look like it pump 1000s of percent when it really hasn't.  Cmc is alright but I wouldn't use that as the end all be all

[omone1]

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.

[SlimShadyMmp]

Totally two different things to me I think poocoin is more like dex and other related swap quick info but CMC is like general information on different currencies and supplies I mean if you are mostly on dex 247 then ofcourse fire on but need all info I think CMC and Geicko gets the job done faster