CoinMarketCap Says Crypto Data Rises Due to Data Failures

Friday,CoinMarketCap”Data issues”It triggered artificial inflation of several cryptocurrencies listed on the platform, and some prices rose nearly1000%.

Although the price of Bitcoin has soared on crypto data websites12%, but other coins increased even more. The eighth largest cryptocurrencyAeternityThe price has increased951% or more, andMOACAdded905%, Bitcoin Diamond increased on this site876%. The site's exchange tracking feature was also affected and erroneously indicated that Bitcoin was trading more than at some exchanges73,000dollars.

While Crypto Twitter speculates that there is potential price manipulation, loopholes, and hacking,CoinMarketCaptellsCoinDeskInflation is caused by data errors.

Vice President of MarketingCarylyne ChanIn an email, it was stated,“A miscalculation of the price caused Tether to fall into artificial inflation”。

Although most of the data appears to have returned to normal at the time of publication,VeChain的VETOf the token24The hourly rate of change is still not displayed, and the price chart cannot be viewed on the homepage.VeChainThe page also doesn't list historical data.

The popular analytics platform promises to launch in the near future“reports”, which will include more details.

This data error occurred whenCoinMarketCapIntroducing new professional levels and feesAPIsTwo days later,CoinMarketCapUpdated the exchange ranking page and added a derivatives market to the website.

Author: Wang Jiali

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