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You should really be using CoinGecko over CoinMarketCap

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by COINS NEWS 39 Views

You should really be using CoinGecko over CoinMarketCap

For many Crypto Researchers if you want to check MarketCap rankings you probably instinctively launch up CoinMarketCap and start researching through there. Although it can be an ok surface level tool. Coinmarketcap is problematic for a few reasons:

  • It's owned by Binance who has a huge history of malicious behavior in favor of personal growth.
  • It's information for token specific information such as circulating supply is often out of date or completely wrong.
  • Concerns about pay to play for Exchange rankings and token information by CMC.

Beyond the obvious conflict of interests of CMC having a potential bias in rankings for Binance/BNB v. Competitors.

The biggest and most problematic is Coin / Token Information being inaccurate almost all the time. Imagine doing your best for due diligence on a project but the information that CoinMarketCap gives you is either out of date or completely inaccurate. This happens a lot and almost every Crypto project will complain that CMC has inaccurate circulating supply information

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Inaccurate Moon Circulating Supply Information on CMC

Although CoinGecko made a mistake on Moons by counting Arb One Moon supply as new supply, I have never seen an example of CMC having more reliable information than CoinGecko for coin/token information.

CoinGecko information with a slight error

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Hell CoinGecko was even one of the first ever parties to rent our banner to advertise Gecko Terminal (a DEX Screener), and Bobby Ong Co-Founder of CoinGecko is also a Redditor and occasionally engages with our subreddit.

u/bobbyong

submitted by /u/GabeSter
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