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CMC invents “time machine”, takes XRP back 5 years


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can we go back to the 2017 bull run also....

CoinMarketCap, a popular price tracking website for crypto assets, has been reporting the wrong data for XRP since May 7th, slashing $17.5 billion from XRP’s Market Cap. https://www.xrparcade.com

2017 has two bullruns. The first one is a more than 40x bullrun while the second one is a more than 10x bullrun. Either one is quite good for us. 64 usd is excellent but 16 usd is also very decent.

I wonder if addressing this publicly on other mediums like Twitter will help? 

Why did Coinmarketcap make this change abruptly? I remember the 2017 switch that caused panic. 

I don't understand the tribalism in crypto. 

Get over bitcoin maxis. Bitcoin isn't the holy grail and it isn't here to save the world. It's not even partially sustainable. 

I hope conmarketcap can fix this and stop misleading people. 

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6 hours ago, panmores said:

in 2017 Binance didn't own CMC yet, so why would old and new owners both try to belittle XRP?

I'm around since a long time sir... Let me tell you - remember Luke wagman from cmc? He indirectly admitted coinmarketcap bias against xrp and Ripple then they removed exchanges... Then binance CZ bought cmc and now CMC has listed 80%+ OF top 100 are BSC centralized ponzi projects controlled BY CZ 

You hold more than 1 billion doge? Remove 10 billion xrp from supply to sell your Overvalued doge bags to idiots coming fresh to crypto. 

 

God bless 4 digits

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On 5/8/2021 at 11:43 AM, LeonidasH said:

CoinMarketCap, a popular price tracking website for crypto assets, has been reporting the wrong data for XRP since May 7th, slashing $17.5 billion from XRP’s Market Cap.

https://www.xrparcade.com/news/cmc-invents-time-machine-takes-xrp-back-5-years/

Answer of CMC:

=====================================================================================

Good day,
 

The CMC team determines the Circulating Supply and Cryptoasset Rank based on our methodology.

 

1. Please understand that we have our own grading rubric to calculate circulating supply.

2. Kindly note that under our methodology, we would typically exclude the address balances of wallets that are labeled as private investors, marketing operations, treasury, ecosystem incentives, and team/advisors/contractors regardless of whether they are unlocked.

3. We may not take the figures from APIs/whitepapers/blog posts because we have our own calculation schematic which may differ from yours.

4. Circulating Supply is verified by our team through communication with the project’s team. We ask for details including but not limited to the initial distribution, private allocations, locked addresses, team-controlled addresses, and addresses containing portions of the supply allocated for future use.

5. We examine the project’s blockchain and distribution table to determine the best approximation of what is freely circulating in the market based on the information provided.


Sincerely,
CoinMarketCap

======================================================================================

Guess one is allways right with this kind of rationale!

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Posted (edited)
10 minutes ago, Live4xrp said:

2. Kindly note that under our methodology, we would typically exclude the address balances of wallets that are labeled as private investors, marketing operations, treasury, ecosystem incentives, and team/advisors/contractors regardless of whether they are unlocked.

Under this "definition," how is the circulating supply of... anything... non-zero?

It essentially says "if anyone owns it, we don't count it."  Great work, CMC! :rolleyes:

Edited by NightJanitor
Looked for an emoticon with eyes rolled back far enough - couldn't find one.
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7 hours ago, Live4xrp said:

Answer of CMC:

=====================================================================================

Good day,
 

The CMC team determines the Circulating Supply and Cryptoasset Rank based on our methodology.

 

1. Please understand that we have our own grading rubric to calculate circulating supply.

2. Kindly note that under our methodology, we would typically exclude the address balances of wallets that are labeled as private investors, marketing operations, treasury, ecosystem incentives, and team/advisors/contractors regardless of whether they are unlocked.

3. We may not take the figures from APIs/whitepapers/blog posts because we have our own calculation schematic which may differ from yours.

4. Circulating Supply is verified by our team through communication with the project’s team. We ask for details including but not limited to the initial distribution, private allocations, locked addresses, team-controlled addresses, and addresses containing portions of the supply allocated for future use.

5. We examine the project’s blockchain and distribution table to determine the best approximation of what is freely circulating in the market based on the information provided.


Sincerely,
CoinMarketCap

======================================================================================

Guess one is allways right with this kind of rationale!

FA875CC4-4A43-4E54-8640-2A5CC1D138A3.thumb.png.1d3353d29f94c0ef073ce8f7d5f3137e.png
 

Hmm, I wonder why they don’t apply the same method for other coins such as BTC 🤔 Are we meant to believe there are no “private investors” for BTC in the planet?

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52 minutes ago, Triceratops said:

I am sure this coin deserves the 5th place :D

Bildschirmfoto von 2021-05-11 07-41-39.png

Ahh don't worry, it is just a glitch in a coin that just so happened to be trading on Binance and when put in the spotlights on CMC by accident gets 1.5bln trading volume...

Nothing to see. It is all a honest mistake. CZ says sorry!

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