How Does #coinmarketcap Price Coins ?
▻https://hackernoon.com/you-do-not-know-how-coinmarketcap-prices-coins-42c8a4063bb3?source=rss--
Cryptocurrency price aggregators are black boxes — no one really knows how they calculate average prices.However available info is enough to understand that they do it incorrectly.We uncover the problems and propose a professional pricing tool that is 100% transparent.It is frustrating that cryptocurrency movement relies on completely opaque pricing data. How is it possible to take any decision based on data from a black box?Over a year ago we started developing our own crypto price aggregator THE SILICOIN to fix this problem. We solved numerous methodological and technical issues during this year — now we want to share our findings:Aggregators pool trading pairs from all exchanges into one bucket to calculate average prices. This approach distorts prices. We should first find prices of coins (...)
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