Be careful Many New Tokens on Coinmarketcap are

[rhomelmabini]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

I think even if they just pay them to list there will be fine for CMC, nothing comes that legit if they are listed on CMC, it's not a guarantee. For anyone to know how to check the legitimacy of a project has a lot of factors to consider, and just because they aren't/yet listed on the site doesn't mean both ways. Keep that in mind. I don't know if it's still Binance that doing the operation for CMC.

[1714672983]

1714672983

[Cling18]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
I Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

I think even if they just pay them to list there will be a fine for CMC, nothing comes that legit if they are listed on CMC, it's not a guarantee. For anyone to know how to check the legitimacy of a project has a lot of factors to consider, and just because they aren't/yet listed on the site doesn't mean both ways. Keep that in mind. I don't know if it's still Binance that doing the operation for CMC.

This is a common mistake of most investors. They think that the coins listed on CMC are legit. It will still be better to double check the potential of a coin because being listed on CMC isn't a reliable reason to check the legitimacy of a coin. There are other ways to check their legitimacy if we will only do deeper research because if we will just rely on coins being listed, we might only fall for scammers' trap.

[iv4n]

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Coinmarket, coingecko, and some other similar sites are useful for a quick review of some projects...

But if we compare Coingecko and Coinmarketcap, it is obvious enough that it is a lot easier for a coin or token to get listed on Coinmarketcap than Coingecko. As of this writing, Coinmarketcap has already admitted 22,547 cryptocurrencies while Coingecko has only 12,319. There's a huge difference, almost double, which could mean that more shitcoins are probably listed on Coinmarketcap than Coingecko. So while both are not reliable sites as far as legitimacy of the coins or projects are concerned, it is better to check Coingecko than Coinmarketcap.

Yes, that is a big difference... I didn't notice this before. I know about "Coinpaprika" as well, check this out:



48k currencies? More than double compared to Coinmarketcap... x4 compared with Coingecko. This is interesting I must say, which price-tracking website has the highest listing standards?
After a bit of digging, I found Cryptoslate, just 2.6k cryptos, but tokens/PoS/PoW is separated, anyway much fewer listed cryptos than on other sites:


In the end, price-tracking sites can be good for some start/basic searches... but as you say non of them is reliable for project legitimacy! With that said, these sites are only of an informational nature and have no real weight.

[Johnyz]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

As long as you paid for the listing, you can be qualified in CMC and this is the problem since then, there’s a lot of projects being listed in CMC that has become a scam project, I guess this is a reminder to us not to rely only with CMC. Better to look for the project itself and do your own research if you want to be safe with the legit project. Not all new projects are worth to try, do your own work and have a good strategy for your profit taking.

[lalabotax]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

Actually, they have the stadard and indicators of veryfying the tokens or coins.
But at least, the tokens must be lsted in the exchanges that have high liquidation, volume and also good market caps. Alhtoguh in the reality, ther emay be some other criteria to prove that the coins or tokens are isted or not.

[milewilda]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

Nothing new, if you do tend to observe the number of crypto currency whether coins or tokens then it is really increasing day by day.This is why when you do intend to invest then be sure that you had done your part or
your assignment and not just carelessly picking up coins and invest like a mad man.You would definitely lose up big time if you do really have this kind of habit on which you are really that making yourself that
too greedy and aiming on getting rich and doesnt really like or wanting to miss out every launching. lol
Choose up on projects which you do seem that it does have potential and mostly stick into those who do have real use case.

[DJANAS]

This has always been the way with Coinmarketcap. But it is not a big deal. Coinmarketcap is not a site where one could verify whether a coin or token is legit or not. It
...

That's true, I've seen a lot of shitty coins that was listed before on the Coinmarket cap and it's on the "Trend" section too which give that coin more exposure but that doesn't mean they are legitimate and trusted project, they don't have any strict requirements and they are just there to provide data about that coin and not encourage to buy that coins. It's the job of the investor if they are going to invest to that project or not but the Coinmarketcap will just show data of that coin, brief information and where it can be exchanged.

Coinmarket, coingecko, and some other similar sites are useful for a quick review of some projects. Except for info where some coins/tokens can be exchanged, there are direct links to their sites, along with the price statistic. But as both of you pointed out, people should not rely only on these sites when they are looking for investments. It can be a good start, but nothing more than that...

When it comes to "new tokens on Coinmarketcap" I tried to remember 2015 and how cryptos were listed at that time... anyway, this is how it looks now:


I found an old image on the internet:


So 20k new listings in some very short period... I guess it's the question when we will see 30k, maybe this year?

Respect !! i l really appreciate this answer, i like the comparing and i guess also 30K is possible in this yeah

[DJANAS]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

Nothing new, if you do tend to observe the number of crypto currency whether coins or tokens then it is really increasing day by day.This is why when you do intend to invest then be sure that you had done your part or
your assignment and not just carelessly picking up coins and invest like a mad man.You would definitely lose up big time if you do really have this kind of habit on which you are really that making yourself that
too greedy and aiming on getting rich and doesnt really like or wanting to miss out every launching. lol
Choose up on projects which you do seem that it does have potential and mostly stick into those who do have real use case.

Yeah true,i agree but i was almost one year and a half away from Crypto, That's why i need to do more researches about the old websites and the new ones.

[Wiwo]

Yeah true, I agree but I was almost one year and a half away from Crypto, That's why I need to do more research about the old websites and the new ones.

Ops you need to be aware that making multiple posts in a roll is against the rule of this forum, you can quote each user and reply to all of them in just one comment, instead of making multiple comments following each other in a roll.
-And back to the discussion, the best way to get the right information about any project is to carry out in-depth research about the projects to see and compare all the information and data that could help you succeed in your decision of investment.
-And most importantly chose a project that already has an established track record and verifiable data that will sustain its long-term market usability and demand such as a strong use case for the project ecosystem not in the whitepaper a but verifiable utility ecosystem for the project.

[rhomelmabini]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
I Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

I think even if they just pay them to list there will be a fine for CMC, nothing comes that legit if they are listed on CMC, it's not a guarantee. For anyone to know how to check the legitimacy of a project has a lot of factors to consider, and just because they aren't/yet listed on the site doesn't mean both ways. Keep that in mind. I don't know if it's still Binance that doing the operation for CMC.

This is a common mistake of most investors. They think that the coins listed on CMC are legit. It will still be better to double check the potential of a coin because being listed on CMC isn't a reliable reason to check the legitimacy of a coin. There are other ways to check their legitimacy if we will only do deeper research because if we will just rely on coins being listed, we might only fall for scammers' trap.

Most of them are newbies, of course but even those who have been long in the industry can still misinterpret it. There are too many factors to check if they are legit but of course even those who have been checked thoroughly, has good team members, etc. could end up being scam if they are hideous on their motives just like how Luna end up in this industry.

[SirLancelot]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

I think this is not a new issue anymore. Not all coins that they list do always gets successful but tons of them have failed easily. It's only sad to know that a well-known platform like them are only prioritizing the money more than anything else or the safety of the public. This is why many of us don't rely on them anymore when it comes to crypto information or tools but we only use coingeko.

Right now, coingecko is known when it comes to finding gem tokens. We need to have a new leader in the market and we shouldn't let binance monopolize because they owned CMC. I think even binance right now isn't also great when it comes to coin listing.

[Dr.Osh]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

I think CMC has their own way to verify coins before listing on their site. However, what you need to know is that if a coin is listed on CMC, it will not guarantee that the coin is good or not. You can even see the quality of the coin from there. when a coin is listed on CMC it does not mean that the coin is a potential coin. quite a lot of coins that have no potential or even coins that have the potential to scam list there. So, don't conclude that the coins listed on CMC are potential coins or legit coins. You need to do more in-depth research to verify that.

[X-ray]

I think they don't just add a coin if they see it, they are still some things to consider before being listed in coinmarketcap
here is what I see while looking :
https://support.coinmarketcap.com/hc/en-us/articles/360043659351-Listings-Criteria#:~:text=Must%20have%20a%20functional%20website,of%20communication%20for%20any%20clarifications.

You're wrong. CMC has listring criteria but CMC was shit. CMC never follows what is already stated in its listing criteria. Even obvious scam coins can be listed in the CMC a few hours after the launch. Most of tokens/coins listed in CMC were scams.
That listing criteria owned by CMC didn't even work. Even so many shit scam meme tokens with less than $100 volume a day could be listed easily without any problem. There's something wrong with CMC even after it was already acquired by biannce.

CMC is so shady as fuck https://cointelegraph.com/news/coinmarketcap-led-token-airdrops-infected-by-fraud-crypto-project-claims

[Mpamaegbu]

Has anyone noticed that as well?

Yes, I've noticed that. You're spot on.

They have their own checking and verifying criteria before listing a token there.

We can't confidently say that now of CMC. I remember what the process was like getting tokens on the CMC in 2017/2018. Now everything seems to have been watered down with it. There are tokens I see listed on the CMC this day and I shake in my head because I can spot the scam in them at once.

[Mr. Magkaisa]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

Coinmarketcap is because, as long as it passes their requirements, it will actually enter the list of their platform. So the decision is still in our hands.

Even I noticed that, but that doesn't mean that I will immediately buy a token because it's listed on CMC, of course that's not what it means. We still need to be critical about the tokens we buy.

[Hypnosis00]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

I have noticed that almost every day there are new coins listed on the CMC. I think the CMC welcomes everyone who wants to get their project notified in the community and lets the people judge them if they are legit or somewhat like another scam. I was really hesitant to do new projects, not even having the interest to look at them and make research because I'd learn from my experience before investing in new projects which it look promising but in the end, they turn scam and the developers has gone taking my money. I think that was enough, so I have to stay away from them but rather focus on the old projects.

[Xal0lex]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

In general, new tokens should always be checked carefully, this applies not only to CoinMarketCap, but also to other similar services, although Coingecko has much less trash and low-liquidity coins than CoinMarketCap. In addition, the audit does not guarantee that the new token will not scam in the near future, so this correlation is highly questionable. Even completely clean projects with an audit and some workable product suddenly become scam and lose all capitalization.

[traderethereum]

CMC may add new tokens without verifying them first because any project team can contact CMC to ask them to add their projects.
But to find out more clearly about the project, it's better to look for information from other places or visit the website and ask the team directly on their social media.
CMC is only providing as much information as they can and it's our job to look into it in more detail to find the right project.
You can compare it with CoinGecko for more information to get more details about a project.

[LogitechMouse]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

New to it? Because most of us aren't surprised with it.

Coinmarketcap isn't like those websites out there who are checking which ICO's are legit and which are not. Coinmarketcap isn't a website where you can see which is legit project or not. Coinmarketcap is just a website for users to see the current price, and what's happening around crypto space (news). Why bothered with this one where in fact, you can see many dead projects and shitcoins currently that is being listed in Coinmarketcap.

With regards with the one you remembered, maybe that's the case in the past, but now it isn't already. As long as the token has value (or even no value at all), they will list it there.

[Jackl87]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

I am not 100% sure but i don't think that Coinmarketcap has ever claimed, that they are checking the projects before they are listing it. I know that there are certain criterias that projects need to fulfill in order to be able to be in the top 100 of projects and some of those criterias are still secret as far as i know. In order to just be listed on coinmarketcap at all i don't think that there are any requirement. I mean if that would be the case then all of those stupid meme-coins would not be listed on coinmarketcap because they have anonymous teams (if they even have a real team at all). It makes sense though that there are way more bad tokens listed on coinmarketcap nowadays than a few years ago because of all those stupid meme-coins.