- CoinGecko challenges CoinMarketCap over website traffic dominance.
- This is as a result of a recent impartial US$400 million traffic gained.
CoinGecko’s recent traffic surge shows it is upping its game against CoinMarketCap in terms of website traffic.
According to a report by The Ken, CoinGecko is poised to surpass CoinMarketCap in terms of crypto-related data and crypto financial information. Interestingly, people have always looked to CoinMarketCap as the go-to platform for crypto analytics. Of course, this was since the history of blockchain and cryptocurrency.
However, CoinGecko has started to challenge the previous assumption after crypto exchange Binance acquired CoinMarketCap for $400 million. People consider the $400 million-worth acquisition as a dent to CoinMarketCap’s impartiality.
Following the above, CoinGecko Co-Founder Bobby Ong explained that it would be a bit “harder for CoinMarketCap to stay neutral and independent” after its traffic acquisition.
Alongside this, CoinMarketCap listed Binance’s Coin (BNB) on its DeFi-based list.
CoinGecko’s Co-founder Bobby Ong said,
Some see CoinGecko as the independent underdog slowly making its way to the top. We have closed the gap [with CoinMarketcap] significantly this year and are quite close to overtaking them. Most serious crypto traders, investors, and users have already made the switch to CoinGecko.
CoinGecko is a Malaysian cryptocurrency data site. Last month, The Ken observed that CoinGecko reached 20.6 million monthly users in October, while CoinMarketCap had 29 million. This is close enough compared to previous statistics in the last years.