How accurate are coinmarketcap prices ?

[awesomewebsites]

How accurate are coinmarketcap prices for different coins ?

 

[BHVen]

If you click the price of a coin it usually tells you the price and the exchange it got that price from. Its pretty accurate.

 

[awesomewebsites]

the price and the exchange it got that price from..

Different for different coins ?

 

[Flacko]

Generally accurate

 

[BHVen]

Different for different coins ?

Sure, just click on the price number of a coin in coinbase, it will show you a ton of exchanges that have that coin and the price of the coin on that exchange. its pretty accurate, from what I have seen.

 

[AquaticGamer]

Different for different coins ?

Different on different exchanges.

 

[awesomewebsites]

Sure, just click on the price number of a coin in coinbase, it will show you a ton of exchanges that have that coin and the price of the coin on that exchange. its pretty accurate, from what I have seen.

Nice, but I think they will lit only US exchanges.

 

[bartosimpsonio]

Pretty accurate as far as I know.

They had some issues where some fake volume and fake prices would skew the data for smaller coins but they've improved it a lot by adding delays and other measures.

Also it's important to look at the data tables and not just the chart. A lot of pairs get marked with an * which has some annotation under it. It usually says the volume or price is suspicious or something.

 

[Nexusx2]

It depends what contract your looking at. You might have the token listed on cmc but the token is on PancakeSwap. Yet they have liquidity with another exchange so that price might differ from the other contract. Best to follow the contract price your looking to buy.

 

[SonofOlympus]

It's usually accurate but you should always use CMC along with trading view and a CEX like Bitget for your trading, that way it's like triple authentication lol.

 

[Fluctand]

CoinMarketCap prices are like a ballpark estimate, not a laser pointer. They pull prices from many places, so it's usually okay, but not perfect. Smaller coins can be trickier. Do your own research before you invest.

 

[vCREN]

How accurate are coinmarketcap prices for different coins ?

Pretty accurate, I’m using their portfolio tracker for a while now and I’ve got nothing but positive experiences using it.

 

[roydan]

It's usually accurate but you should always use CMC along with trading view and a CEX like Bitget for your trading, that way it's like triple authentication lol.

CoinMarketCap prices are like a ballpark estimate, not a laser pointer. They pull prices from many places, so it's usually okay, but not perfect. Smaller coins can be trickier. Do your own research before you invest.

Pretty accurate, I’m using their portfolio tracker for a while now and I’ve got nothing but positive experiences using it.

It's a post from 2020.