Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Why Should Not Trust CoinMarketCap
3 Reasons Why You Should Not Trust CoinMarketCap
There has been a lot of talk concerning the reliability of the CoinMarketCap platform, all pointing out its data vulnerabilities. According to various articles, the crypto website reports on fake volumes, comprising the top 25 exchanges among the 560 listed ones. More than 75% of these exchanges expose similar data vulnerabilities that make it hard to trust the platform. Also, Forbes analyzes major research reports that conclude fake crypto trading volume of about 65% to 95%. Regarding the concerns raised…
4 years ago