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>Even a quick look at CoinMarketCap shows you that there's something a little odd about the current rally. >Look at the volume column The really odd thing is
by nathanasmith 7y ago
>Even a quick look at CoinMarketCap shows you that there's something a little odd about the current rally.
>Look at the volume column
The really odd thing is getting your volume numbers from CoinMarketCap in the first place when according to this well argued deck[0], 95% of those numbers are fake.
What you're looking at there is completely distorted as unregulated exchanges have a huge vested interest in inflating the numbers to dupe projects into paying higher listing fees and since most of the time, the fake volume doesn't track the waning and waxing of the real volume of legitimate exchanges, not only is that fake volume wrong quantitatively but it's also wrong relatively making it worthless and CMC practically worthless by extension though they do claim to be addressing the issue.
[0]https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca2...
- raesene9 7y agoIt makes the point about relative volume, even if absolute levels are crap :) The volume point was around a stablecoin with issues having a higher relative volume than bitcoin itself.