On September 2, the analytical resource CoinMarketCap will launch a new cryptocurrency rating system. Many assets fell significantly in the list during a test run.
You’ve spoken, we’ve heard! We will be testing a change in our ranking methodology on Monday, Sept. 2, to represent all cryptoassets more fairly. Please see the full details here: https://t.co/oOFfcliqG5 😃 We look forward to your feedback!
– CoinMarketCap (@CoinMarketCap) August 30, 2019
So, cryptocurrencies in the TOP-200 must meet 10 resource criteria. Moreover, assets with a low daily trading volume have no right to get into this rating. After the 200th place, all digital currencies with known market capitalization will be presented, and assets without a clear capitalization will close the general list.
It is noteworthy that when testing the system, some cryptocurrencies fell off the list very much (in one case – by 1000 places) due to non-compliance with the criteria. CoinMarketCap emphasized that they corrected points that initially could not have been taken into account, and promised fair ratings.
Recall, on November 12, the launch of a new liquidity assessment system for bitcoin exchanges will take place. The sites will be allowed to choose what data to provide CoinMarketCap, however, depending on the amount of information they will be assigned transparency categories, which should motivate them to cooperate.
It is worth adding that in June it became known that 70% of exchanges have already joined the Accountability and Data Transparency Alliance (DATA). CoinMarketCap created this organization in response to allegations of publishing dubious information.
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. (tagsToTranslate) coinmarketcap (t) Fake volumes on exchanges (t) News