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CoinMarketCap Now Ranks Crypto Exchanges by Web Traffic

News
Thu, 05/14/2020 - 19:03
Alex Dovbnya
CoinMarketCap, the most visited crypto website, now takes into account website traffic to rank cryptocurrency exchanges
CoinMarketCap Now Ranks Crypto Exchanges by Web Traffic
Cover image via www.newsbtc.com
Contents

CoinMarketCap, the leading coin tracking website, has introduced a web traffic metric for ranking cryptocurrency exchanges.

The effort is meant to bring more transparency to the 'front page of crypto' that is constantly criticized for incentivizing trading platforms to report inflated trading volumes.

Binance leads the pack 

According to CMC’s blog post, the new web traffic factor takes into account a wide array of important traffic characteristics such as page views, unique visitors, bounce rate, etc.

As of now, Binance is in the first place, with Coinbase Pro and BitMEX sitting in second and third places. 

CMC
image by coinmarketcap.com

Notably, BKEX, a British Virgin Islands-registered crypto exchange, occupies a very distant 107th spot despite being the second-largest crypto exchange by reported trading volumes.         
Binance CEO Changpeng Zhao says that the exchange ranking is currently ‘heavily biased’ towards web traffic, but it's better than its previous iteration. 

More improvements

As reported by U.Today, CMC, the most visited crypto-related website, was acquired for a hefty $400 mln back in April.

Since the acquisition, it has already stepped up with new tools that are meant to combat fake trading volumes.

After adding the web traffic factor, CMC also plans to implement an advanced algorithm that would help to better detect inflated trading volumes. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)