CoinMarketCap responded to allegations of inaccuracy in the data. Resource partially admitted the mistake

One of the most popular aggregators of the data of the stock market CoinMarketCap recently accused of manipulating the volume of trade. Resource representatives replied that the error really is, and the charges were reasonable. In turn, they will try to provide more detailed information so that users can make more informed decisions.

CoinMarketCap is one of the most visited sites in Cryptoprotected. Visitors get information about the prices of coins and tokens, trading volumes of stock exchanges, market capitalization and so on. However, 20 Mar cryptanalytic company Bitwise released a report in which information on CMC does not always objectively reflect the statistics.

According to the report, about 95 percent of trade Bitcoins turned out to be fake or not true. As stated by analysts that have shaped the users a wrong impression about the true size and nature of the market of Bitcoin.

Thus it is necessary to pay attention to the strong influence of resource for the cryptocurrency ecosystem, including the prices of cryptocurrencies themselves. As the news Agency Bloomberg, at the beginning of 2018 CoinMarketCap “dalistyle” several South Korean exchanges, which was followed by a sharp drop in the prices of most altcoins.

Head of international marketing CoinMarketCap, Karilyn Chen in a letter to Bloomberg News told about plans of the site. The developers will implement a special set of tools that will allow greater transparency. According to Chen, there are going to be metrics of liquidity, the balance of hot and cold wallets, as well as data on attendance submitted to the stock exchanges.

For example, if the exchange with low traffic will report a trade volume of $ 300 million and to have the private store only 5 BTC, users will be able to draw fairly objective conclusions. We strive to provide as much information as possible for visitors and to move away from evaluation.

More data look at cryptodata.

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