is coin market cap legit reddit

But even then, what's funny is its still more than Monero's daily transactions of 2,903! Which explains why the Monero community is so hostile to this information. So your own example doesn't even support you! Not fair value. [r/zec] Stop relying on Coin Market Cap, their data is highly misleading! Which means that fair value gives us a way to see speculation in the cryptoeconomy as well as an accurate estimation of the wealth in it at any time! How can that be? LiveCoinWatch offers complete crypto market coverage showing live coin prices, charts, and market capitalizations of more than 2,700 coins spread out across 183 different exchanges. As you can see, completely opposite to the price, fair value shows that BTC and the entire market (except oddballs like Monero) have been growing in value since the hash war of Nov 15 cratered the price. We can tell, right now, today, how much our cryptos truly should be worth, without waiting the years of adoption it will take for real liquidity to hit the exchanges. You have no control of your investment. Exchanges are taking an average of the sale of cryptos and reporting it. While this is technically correct more than 1/4 of it are mixing transactions. 100xCoin is down 15.64% in the last 24 hours. New comments cannot be posted and votes cannot be cast. Because its not a simple equation, you can't just mess with one variable and reliably change the results. Market cap is supply * price. You'll also be able to get up-to-the-minute information about each … Stop relying on Coin Market Cap, their data is highly misleading! What about #1 and #2? You see how easily this indeed is manipulated? In the pipeline they have announced the following: 🔥 Token Rug Checker. There has been an hourly rise by 6.19%. The circulating supply is not available and a max. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Press J to jump to the feed. You are making the worst assumptions in order to decrease Dash's daily transactions. ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} Except Monero and Dash, which indicates there is heavy manipulation going on with their prices. properties that are themselves fair values, and thus the fair value of a coin can be represented as a function of these four fair values. (Info / ^Contact). This is, again, false. Because the supply is an arbitrarily chosen number. Currently, I believe what people will pay on exchanges is the current price we need to use. 16 hours ago. You're saying that daily transactions, velocity and average transaction size can be manipulated? Because as we all know USD and cryptocurrencies totally behave the same ;) don't get fooled. Vote. So its really easy to move them especially if you're a whale. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/ReredditLink.f7b66a91705891e84a09.css.map*/] Stop relying on Coin Market Cap, their data is highly misleading! So most exchange data is not indicative of the actual crypto economy that you're trading, its more like a proxy. For at least three simple reasons: CMC uses exchange data, exchanges price all alts in BTC which causes BTC's moves to move the whole market (which is wrong). CMC uses exchange 'price' data, which is just an average across exchanges. What people are paying for it is often times wrong, that's why we have price movements and volatility, to figure out what these things are worth. 🔥 ERC-20 & BEP-20 Bridge. Stay up to date with the latest BitcoinRegular price movements and forum discussion. Indeed, when dash had a 3 million transaction day in 24 hours in Nov 18 2018 there was hardly a bump at all, which indicates clearly that other activity was going on during that test as well. The live 100xCoin price today is $3.70e-8 USD with a 24-hour trading volume of $1,112,436 USD. The only other statistic that is hard to manipulate (and which you mentioned in your post) is real life locations that accept a cryptocurrency. Tbh, that sounds like a good argument for dash. Because the USD values taken for monero are absolutely fine. Dash routinely has periods of significant, spiking volume due to its various use cases. ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} Why should this raise its value? Which the convergence of every coin's fair value with its price over time indicates is the case. All cryptocurrency statistics are super easy to manipulate. This is easy and money is not an object for the people motivated to do this. If you were to go by coinmarketcap, you would think that Monero is a larger, more widely used and invested in coin than Dash. This is being called the average price. It's absolutely disgraceful for CMC to leave Safemoon off the top 10 most searched cryptos while, of course, Doge gets a spot. ._3Qx5bBCG_O8wVZee9J-KyJ{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN{margin:0;padding:0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center;margin:8px 0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ.QgBK4ECuqpeR2umRjYcP2{opacity:.4}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label{font-size:12px;font-weight:500;line-height:16px;display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label svg{fill:currentColor;height:20px;margin-right:4px;width:20px;-ms-flex:0 0 auto;flex:0 0 auto}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_{-ms-flex-pack:justify;justify-content:space-between}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_ svg{display:inline-block;height:12px;width:12px}._2b2iJtPCDQ6eKanYDf3Jho{-ms-flex:0 0 auto;flex:0 0 auto}._4OtOUaGIjjp2cNJMUxme_{padding:0 12px}._1ra1vBLrjtHjhYDZ_gOy8F{font-family:Noto Sans,Arial,sans-serif;font-size:12px;letter-spacing:unset;line-height:16px;text-transform:unset;--textColor:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColorShaded80);font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;color:var(--textColor);fill:var(--textColor);opacity:1}._1ra1vBLrjtHjhYDZ_gOy8F._2UlgIO1LIFVpT30ItAtPfb{--textColor:var(--newRedditTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newRedditTheme-widgetColors-sidebarWidgetTextColorShaded80)}._1ra1vBLrjtHjhYDZ_gOy8F:active,._1ra1vBLrjtHjhYDZ_gOy8F:hover{color:var(--textColorHover);fill:var(--textColorHover)}._1ra1vBLrjtHjhYDZ_gOy8F:disabled,._1ra1vBLrjtHjhYDZ_gOy8F[data-disabled],._1ra1vBLrjtHjhYDZ_gOy8F[disabled]{opacity:.5;cursor:not-allowed}.isInIcons2020 ._3a4fkgD25f5G-b0Y8wVIBe{margin-right:8px} Bugs in their graph software (try zooming in and then out), market cap manipulation, very few metrics.

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