CoinMarketCap And CoinGecko Challenges Each Other For The Number Of Website Visits
CoinMarketCap And CoinGecko Challenges Each Other For The Number Of Website Visits
December 9, 2020
CoinMarketCap And CoinGecko Challenges Each Other For The Number Of Website Visits
CoinMarketCap And CoinGecko Challenges Each Other For The Number Of Website Visits
December 9, 2020

CoinMarketCap and CoinGecko, the two crypto analytics providers, have challenged each other for the number of website visits each receives per month.

It has been reported by a news outlet The Ken that CoinGecko had 20.6 million monthly desktop and mobile visitors as of October, compared with CoinMarketCap’s 29 million.

However, these numbers represent a 135% increase in site traffic for the Singapore-based firm since May, when CoinMarketCap drew four times as many visitors as the competitor.

The report said that while both websites saw small peaks in traffic during July, CoinMarketCap has not significantly widened the gap since Binance acquired the site in April for a reported $400 million.

Bobby Ong, the Co-founder and Chief Operating Officer of CoinGecko, said that it would be “hard for CoinMarketCap to stay neutral and independent,” after the acquisition.

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In July, just three months after the announcement, CoinMarketCap put Binance’s Binance Coin (BNB) token at the top of its decentralized finance list, later withdrawing it and claiming the listing was “a case of human error.”

Likewise, The Ken report stated:

“Growing demand coupled with question marks about CoinMarketCap’s impartiality post its acquisition have given CoinGecko an opportunity to grow into a major player. CoinGecko is locked in a David and Goliath battle to be the site record for crypto financial information.”

Compared with CoinMarketCap, which the report refers to as the “800-pound gorilla of crypto pricing sites,” some see CoinGecko as the independent underdog slowly making its way to the top.

Thus, Ong said:

“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.”

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.