{"id":2040,"date":"2020-04-13T18:46:00","date_gmt":"2020-04-13T18:46:00","guid":{"rendered":"https:\/\/timestampmag.com\/?p=2040"},"modified":"2020-05-01T14:22:38","modified_gmt":"2020-05-01T14:22:38","slug":"best-crypto-data-alternatives-to-coinmarketcap","status":"publish","type":"post","link":"https:\/\/timestampmag.com\/2020\/04\/13\/best-crypto-data-alternatives-to-coinmarketcap\/","title":{"rendered":"Best Crypto Data Alternatives to CoinMarketCap"},"content":{"rendered":"\n
Coinmarketcap has held the position of the most popular crypto data website for a long time. According to Alexa, the Global Traffic Rank of CMC is 546 making it one of the top 1,000 most popular websites in the world. The closest competitors are CoinGecko with rank 7,386 and CryptoCompare at 13,103. <\/p>\n\n\n\n
But is it justified for all the crypto enthusiasts and traders to rely on a single platform? After all, the market that is actually to be targeted is decentralized so why rely on a centralized source of information. People in the crypto world have been avoiding this question because of the excellent services provided by CoinMarketCap. But, Binance announcing their procurement of CoinMarketCap has caused this question to resurface.<\/p>\n\n\n\n
Although there have been reports of scams and fake analysis, as well as speculation of insider trading, none of these have affected the huge traffic base of CMC. Even after 2017, when CoinMarketCap wrongly reported data about XRP coin causing huge losses for investors, it still persisted to be the top of the food chain.<\/p>\n\n\n\n
However, the recent acquisition deal estimated to be around $400 million may be the straw that breaks the camel\u2019s back. After all, If Mark Zuckerberg would say that Facebook is better than Instagram (before he bought the damn thing) people would probably question his statement. So, in light of Binance having its own cryptocurrency and trading platform, as well as being used for IEOs<\/a>, it is not possible to trust a cryptocurrency capitalization platform owned by Binance itself. <\/p>\n\n\n\n Traders and crypto enthusiasts who have been immensely reliant on CoinMarketCap for their crypto data should count this as both a blessing and a curse. While they have always been concerned about the accuracy of data on CMC, they now have the opportunity to consider better substitutes. There are several crypto data websites with better data accuracy, advanced features and improved user experience that are ready to fill the hole that the acquisition of CMC will leave in the crypto world. Here comes the curse part – which of these websites is best suited for you.<\/p>\n\n\n\n What Next?<\/strong> <\/h2>\n\n\n\n