If the team behind coinmarketcap could always review the altcoins that they gonna list it’s gonna be great, I figured out that coinmarketcap frequently listing some shitcoins just because they exists and this could cause lose of investment by many newbies in investing.
I think coinmarketcap is also a company owned by binance, if they could make some review just like exactly binance is doing with the projects that they gonna be carrying out, it could significantly reduce the amount of investment loss because of scams projects.
I really wish that they could make this filtering of scams projects comes true because it could literally save many lives and money.
First of all you have to know that this is not their duty, they have one duty which is just to list all the coins that are available in the market, and not to go round checking whether they are scam or not. These people list a lot of coins in a week, and I don’t think they will have that kind of time to start checking which project is a legit one or the ones that are owned by scammers.
Furthermore, when you want to trade these coins, where you usually go to is exchanges like binance.com, and coinbase.com, or any other exchange in the market, and you don’t go to coinmarketcap.com or coingecko.com to sell these coins.
Maybe if you have said that exchanges should start doing this particular thing, then I would say you are right. Because exchanges, especially the centralized exchanges should be the ones checking whether a project is legit or not, this is not something that should be meant for Coinmarketcap to do.