There have been accusations regarding fake volume in the past, however, this article should clear everything. At the moment of publishing this article, Enjin ranks 9th in terms of true volume.
Besides all the accusations about bots controlling the price or that the volume is fake, Enjin proves itself as a strong project. I am not saying the ENJ market has no bots at all. That would be impossible. Actually, there are bots in every market, and quite plenty of them. The amount of bots keeps increasing day-by-day. The bots are not necessarily a bad thing though. They are mostly trading by the same patterns and strategies as a real trader, but they may do unexpected moves sometimes. Moving on…
According to Messari, Enjin Coin cracked the top 10 assets with true volume. All the data comes from the 10 most trusted exchanges, or as they call them, “the real 10”.
A statement from their website: “Real 10” refers to the ten exchanges, from the above list, which we believe have reported significant and legitimate crypto trading volumes via their APIs.
Real 10 includes the following exchanges:
- Binance
- Bitfinex
- Bitflyer
- Bitstamp
- Bittrex
- Coinbase Pro
- itBit
- Gemini
- Kraken
- Poloniex
I think we have to agree that these are the biggest and the most trusted exchanges in the crypto space right now. I don’t think they will ever have a reason to fake the volume.
Anyway, I just recently came across Massari. They seem to be very transparent with their service, and they are offering some nifty tools that you may not find somewhere else. I have to say that they are missing some features, but I am sure they will get it covered with time. I recommend checking them out.
This is not a sponsored review or financial advice. I’d suggest doing your own due diligence when investing in something. Investing in projects can often be high risk.
