Coinmarketcap.com Bows to Pressure, Updates Its Ranking of Hive to the 34th Place

Coinmarketcap.com, one of the most widely visited crypto websites in the world, has a few hours ago updated its ranking of Hive to the 34th place. This is coming weeks after prominent Hive community members such as @therealwolf and @theycallmedan mounted pressure on Coinmarketcap.com via Twitter, the renowned micro blogging platform.

Until its recent update, Hive has strangely ranked in the 212nd place on the Coinmarketcap website even though it then had a market capitalization of approximately $118m while other coins such as Steem which then had a market capitalization of approximately $60m sat in the 71st place.

With Hive recently exploding in price with a staggering $250m market capitalization, Coinmarketcap, it would seem, had no option than to save face and battle for its dwindling integrity. Hence, the move to update its ranking of Hive and clear the air of bias already hovering around it.

However, @Coingekco, having a proper ranking of Hive, has shown that it is dispassionate in its ranking of Hive. Coinmarketcap is merely following the lead of @Coingekco, which is belated but commendable.

Since Binance now owns at Coinmarketcap.com, it is not impossible that the formidable exchange would list Hive in the coming days. But apart from that, being in the 34th spot in the updated ranking will likely give Hive some more attention in the crypto space and prepare the ground for more impressive price gains.