The strange case of CMC or "The Market Rank Manipulator"
Have you seen the price increase of HIVE today?
We are reaching 68% up and still going up...
This is being clearly reflected in the Coingecko ranking where, in a few hours, HIVE has gone from position 91 to 71th...
At least, this is what everyone expects when there are these types of movements.
However, it is curious to note that not all rankings act the same, such as the "almighty" Coinmarketcap, which, although it has correctly detected the price rise, has not done so with respect to the HIVE Ranking that continues, perpetually, anchored in position... 224?
Obviously, I am not so naive to believe everything stated by these kind of crypto Ranks but, what coinmarketcap is doing is called TOTAL MANIPULATION of the crypto consumer...
It is worth to say that close to the HIVE ranking number, a small question mark has been added...
If you click on that symbol you will reach a page with innumerable and incomprehensible reasons why, perhaps, HIVE does not deserve to be among the best 100 cryptos... The reasons they allege refer to certain aspects that can also be applied to STEEM, since they are essentially the same blockchains and with the same level of information available (API's)
Just for you to know, if this rank would use the Market Capitalization of HIVE calculated also by the same Ranking Company, HIVE would be placed at the same position of STEEM.
Also interesting to know that the circulating supply of HIVE according to Coinmarketcap, which is 306,595,130 HIVE, is not aligned with the circulated supply indicated in the Hiveblock explorer as you can see below:
If we multiply that number by the current price there we will get
350,965,218 HIVE x $0.181862 = 65,134,932 USD
...which would correspond actually to the 67th position .
Coinmarketcap is really doing on purpose this, independently of its possible relation with TRON, HIVE is not the only Crypto placed out-of-deserved-rank place, but , being the quality of the data provided very similar to the STEEM ones, the Manipulation is more than evident here.
They are acting as a drivers/referees of the crypto market and their criteria are more than questionable.
On ranking and other crypto data, @coingecko is a much better alternative.
