Millions of retail investors believed that more than 3 trillion dollars was how much money floated around Crypto Currencies thanks to CoinMarketCap and CoinGecko. The truth? Not even $500,000,000 dollars were able to be cashed out at it’s bull market peak.

The scam that is CoinMarketCap and CoinGecko isn’t the wonderful site layout or the millions on millions of visitors per day, it’s the fact that they promote Centralized Exchanges that are unregulated by ranking them for arbitrary values such as volume and they clearly do not reduce the marketcap and ranking in accordance to the actual funding proven by the company or in most cases, anonymous project owners. What is very clear, is that fully diluted marketcap has been used to judge projects on CoinMarketCap to generate attention and hype for the Crypto industry. At a time where some of the biggest players in Crypto are being brought down, why does nobody turn to the catalyst? The supposed impartial and factual database for all Crypto Currency information?

Oh wait, it’s not impartial or fueled by data? It was bought out by CZ of Binance for $400,000,000? So… you’re telling me that the ones fueling falsified information for the retail investors are those who profit the most from people say, wanting to participate in the Crypto Markets? Well, yes. The answer is yes. Only recently was DEX (Decentralized Exchange) Liquidity Pools counted as a method for judging a projects value. This piece of information is crucial considering that Pancake Swap for example, shows if Liquidity Pools are locked, and how much REAL CASH there is. Not some random number ranked from 0 to 300 that changes based on the number of orders within the exchange, actual cash, cold, hard, cash.

So, as Binance sits pretty at the top of both the CEX, DEX and Market Cap world, they also sit at the very top of the revenue world too. The revenue that Binance earns is resulting from much of the misleading and/or falsified information provided by CoinMarketCap and CoinGecko. If a CEO such as Do Kwon is on the run and his project is listed in the top 50 projects, what does this tell you? If FTX is bankrupt but FTT has an apparent $350,000,000 valuation by CoinMarketCap, how is this possible? Why is it ranked 200 when it’s literally, insolvenet. This is the equivelent of a bankrupt football club having no stadium or players and being valued at $350,000,000 for having had a few years with a decent fanbase. It’s absolutely false. The value is not based on real currency or data. In fact, if I go to FTTB (FTT bridged to Binance) there is $32,000 of liquid cash in it. This is rugpull level liquidity. The point is, CZ speaks about his responsible behaviour and having 1:1 funds but the truth is that he is fueling the bubble and profiting off of retail investors losing their money. So when we speak about an independant governing body and regulation, we must remember that Binance owns CoinMarketCap and most of the narrative. CoinMarketCap is not independant or factual data, it’s misleading and therefore sharing false information with malicious intent.

Until Binance can prove that CoinMarketCap has accurate MarketCap’s for all coins, they’ve not only created this bubble, but they also made it burst.

CoinMarketCap is one of the most visited websites in the world and allows people of all ages to make an account without verification. It’s literally the cestpool that gave birth to a monster.