Are the prices displayed on Binance or CoinMarketCap more reliable for tracking the value of digital assets?

3 answers

• Dec 28, 2021 · 3 years ago
  If you're looking for real-time prices and trading data, Binance is a reliable platform to track the value of digital assets. Binance is one of the largest cryptocurrency exchanges in the world and provides accurate and up-to-date prices for various digital assets. Their prices are based on actual trades happening on their platform, which makes them more reliable for tracking the value of digital assets.
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• Dec 28, 2021 · 3 years ago
  CoinMarketCap, on the other hand, is a popular website that aggregates data from various cryptocurrency exchanges, including Binance. While CoinMarketCap provides a comprehensive overview of prices across different exchanges, it's important to note that the prices displayed on CoinMarketCap might not always reflect the real-time prices on Binance or other exchanges. The prices on CoinMarketCap are based on the data provided by the exchanges and may have slight discrepancies due to differences in trading volume and liquidity.
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• Dec 28, 2021 · 3 years ago
  As an alternative, you can also consider using BYDFi, a digital asset tracking platform that provides real-time prices and market data. BYDFi aggregates data from multiple exchanges, including Binance, and offers a user-friendly interface for tracking the value of digital assets. Their prices are updated regularly and can be a reliable source for monitoring the market. However, it's always recommended to cross-reference the prices with other platforms to ensure accuracy.
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