For reasons of vanity as well as for those of industry health, it’s important to have a good method for ranking crypto exchanges and coins. But as the past few years have shown, no foolproof method has yet been developed. CoinMarketCap has enjoyed the de facto status of being the leading ranking platform, but according to some, a string of controversies has shaken faith in its ability to provide neutral results.
CMC’s first flirtation with scandal happened when Bitwise published a report suggesting 95% of the volume reported on the website was fake. The revelation rocked the sector, as many business leaders, investors and commentators alike saw the data as evidence of adoption and a growing number of use cases.
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