So these posts on CMC Manipulations where posted over at Medium the 20. March 2018.
Intro:
https://medium.com/@coinmarketcapped/intro-how-coinmarketcap-cmc-manipulates-the-market-by-showing-fraudulent-information-to-the-c1246a953144
Part A1:
https://medium.com/@coinmarketcapped/part-a1-fraudulent-data-provided-on-coinmarketcap-distorts-entire-crypto-currency-market-77e01f067b49
Part A2:
https://medium.com/@coinmarketcapped/part-a2-false-circulating-supply-changes-market-capitalisation-ranking-value-of-coins-e2588719fa53
It’s about 1 hour read, if you go through everything.
But to summarise, it kinda goes down to this.
CMC could spend a day or two to correct all this, they have not.
ADA listing on CMC
Rank 6 — Cardano (ADA)
Cardano price today, ADA to USD live price, marketcap and chart | CoinMarketCap
Seems as if the Cardano team is having massive issues with getting CMC to update their circulating supply to show the correct information.
Circulating supply is shown as 25,927,070,538 ADA while the Cardano team has stated multiple times it is actually 31,112,484,646 ADA (https://www.cardanohub.org/en/genesis-block-distribution/).
This is a difference of over 5,000,000,000 ADA which is a value of about $1,000,000,000 USD.
Why is there such a discrepancy?
Well we assume because CMC has removed the Cardano Ecosystem Coins (5,185,414,108 ADA split for IOHK, Emurgo and the Cardano Foundation) from the total.
The move to do this by CMC seems fair at first glance (as the coins are pretty much now stationary until used), but how much ADA have those organisations used already and brought into the true circulating supply? Is it the entire 5,185,414,108 ADA allocated to them? Is it none of the amount allocated? A number in-between?
The community needs to know the exact number to make informed decisions based on your list. Looking at information online seems to point the finger at a total disregard for figuring out the true Circulating Supply by CMC and its team members.
…ooh, and Stellar (XLM) is supposedly boosted by 228,11%