Educational Byte: Why You Can’t Always Trust Token Prices on CoinMarketCap

This story was originally published on HackerNoon at: https://hackernoon.com/educational-byte-why-you-cant-always-trust-token-prices-on-coinmarketcap.

Did you know that token prices on CoinMarketCap can mislead you? Low volume, fake trades, and bad data mean the price you see isn’t always what you get.

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CoinMarketCap (CMC) and CoinGecko are some of the most popular tools in the crypto world. But they don’t always aggregate all exchanges, and not all exchanges show the same price at the same time. Some even inflate trading activity with fake trades to make a token look more popular and valuable than it really is.