Ever since we have been touched by cryptos in 2017, we have been visiting CoinMarketCap (CMC) every single day. To say we visit CMC religiously is an understatement.

We were happy when Binance bought CMC for a whopping $400 Billion because we expected CMC to become more friendly, useful and efficient.

We were wrong on all counts.

The site, as it stands today, is not friendly, useful or even efficient.

Let us explain with a few examples.

If you go check any project (may be not top 100) – you will notice that the information on CMC is absolute garbage and misleading.

For instance, if you check Jarvis details on CMC today, this is what you see.

However, if you check the details of the same project on Coingecko, here is what you find.

Notice anything?

Let us point a few things right off the bat.

Name itself is wrong on the CMC, because JRT stands for Jarvis Reward Token not Jarvis Network.

Let’s leave that as be, check the total circulating and total supply section.  CMC shows 29,005,880 vs. 89,126,145 shown on Coingecko.  

That makes a huge difference.

Even the maximum supply information is not available on CMC.

Here is the biggest issue of all. Marketcap on CMC is wrong because their circulating supply is wrong.  So if you were going to go into a project thinking the market cap is just under 2 Million, you would have been off by 300%. 

Excuses are all BS

If CMC cannot get the basic information right, I am not sure what that $400 million valuation was for.

Maybe CMC should start slapping a big red bold warning on the top of their web page stating “Information is WRONG” so that it doesn’t burn the investors with false information.

Alternative?

We are not paid to say this but we think Coingecko has been a great alternative to CMC.

Probably, it would be more accurate if we said “a great replacement” to CMC.

This does not mean Coingecko will not have errors, it might, however, just comparing over a dozen projects on CMC and Coingecko, we are now going to start using Coingecko going forward.

We might permanently abandon CMC, who knows, unless they get their act together and spend some of that $400 Million in actually making the data on the website more accurate and useful.

In our opinion, CMC should really focus on getting their core functionality right instead of spreading their arms around chat, subscription, etc., add ons.

For all crypto users out there, check the information on both CMC and Coingecko from now on before making any rational decisions based on the data points.

Stay vigilant.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

There is a new scam in the Crypto scam.  And it looks legit. 

It is taking place as we speak.  Stay vigilant and keep your private keys private.

Where is this scam happening?

Scam is taking place on multiple websites that have been cloned to lure consumers to part their Ethereum (and other ERC20 tokens) to scammers.

For instance, this active site called Uniswap Airdrop (uniswap-defi.com) unashamedly asks users to link their Ethereum wallet using private keys.

NEVER share your private keys with anyone.  

What is the scam?

The site claims that they are Airdropping Uniswap tokens to Ethereum holders.  Text goes something like below.

Once the unassuming victim enters their crypto details, they ask for the private keys on the next screen.

There is no free UNI and once the victim enters their private keys, scammers simply clean out their entire wallets.

YouTube comments, Twitter clones, nothing is spared by scammers

These scammers are using all types of social media channels where the crypto crowd hangs out. For instance, they are targeting: Telegram channels, YouTube comments, Twitter handles, etc.,

They have cloned a lot of legitimate Twitter handles and YouTube comments to lure people into this scam.

Be careful

Never share your private keys with anyone. 

Never send any of your hard earned crypto to anyone – there are no free-giveaways.

Update:

1inch Exchange giveaway Scam

We are also seeing 1Inch scam in similar fashion

Stay vigilant.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

We have been wrong numerous times about our calls but that is not going to deter from looking forward to 2021.  

So, here we go with the 2021 project call out. DYOR before investing your hard earned money.  

We understand not everyone has the same level of patience or resilience for excruciating pain of financial loss, so tread in fashion what suits you.

Quick note: Below list is not the same as the projects we picked in this FREE report. Below is looking at 2021 and the report lists projects that have longer term potential. 

Here are the projects that we are keeping an eye on for 2021 (we are hoping these could break out in a meaningful way before the end of 2021).

Bitcoin: The king of crypto might continue to surprise people by reaching the elusive $50,000 mark in 2021. Whether it reaches that mark or not, it continues to be a great entry into crypto, in our opinion.

Polkadot: DOT is trying to get what Ethereum has gotten wrong.  Will DOT replace Ethereum?  In our opinion, no. Ethereum has the first mover advantage that is difficult to surpass, however, blockchain is going to emerge into a trillion(s) dollar industry that will have space for more than many projects to succeed. 

VeChain:  This sleeping giant, in our opinion, continues its sideway journey as we head into 2021.  We suspect more partnerships and more use cases will bring the deserved attention to this mammoth of a project in the supply chain space, one of the more amazing use-cases of blockchain.  Success of VeChain will directly contribute to the success of blockchain space at a macro level.

ICON:  ICON went from 45 cents to $15.  Since then, it has been doing dead cat bounce once-in-a-while at a sub 50 cents level. However, heading into 2021, we might see much needed spotlight on this project with DeFi, staking and interoperability models.

The Graph: Labeled as the Google of the blockchain world which has been in works for over 3 years has made a surprising entry into major exchanges like Coinbase, Binance, Kraken, KuCoin, etc., Project with Coinbase ventures as one of the investors might be Chainlink in the making in the world of indexing blockchain data.

Enjin: We love Enjin.  It is going after one of the most lucrative spaces with an immediate use case for crypto: Gaming.  Enjin may also shine in bringing NFTs to the masses and succeed in a big way.  At least, that’s what we are speculating. 

Honorable mentions

Ethereum: First mover.  Tremendous partnerships. Staking with ETH 2.0.  DeFi projects on top of Ethereum.  These are some reasons why Ethereum could surprise people.

Uniswap: DeFi success may directly contribute to Uniswaps success in 2021.

Chainlink: King of oracles in the blockchain may continue its upward trajectory in 2021.  Will the gains be as big of multipliers as they have been 2020, probably not.

BAT: Digital ad space, rewarding users for using the browser, ever increasing publisher and user base, buy-back of BAT by the company.  There are so many things going right for this project, except, it has not garnered the attention it truly deserves.   Things might be different in 2021. At least one can hope.

Those are the projects that we are keeping an eye on and continue to dollar cost average our way into. What are our gems?  Share with the world.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.