👿 [Analysis] A glimpse into the dark underbelly of cryptocurrency markets – Nic Carter

The latest from Nic Carter highlights the negligence of the coin rankings sites by pointing to the mutualistic relationship among exchanges, issuers, and the sites themselves. Specifically, the issue with the coins ranking sites are two folds: first, that these sites may be guilty of enabling scams by accepting payment for banner ads (and further monetizing by including affiliate links); second, the uncritical presentation of problematic data derived from exchanges that are displayed on coin ranking sites may be misleading. Unfortunately, this means that investors looking for reliable data at present are left with few options: either trust exchanges, aggregate data themselves, or use most selective data feeds.