Alphabet News

CoinMarketCap Lists Tesla Above Bitcoin

CoinMarketCap Lists Tesla Above Bitcoin

Market aggregator CoinMarketCap has put Tesla above Bitcoin in a design decision that may confuse investors.

The Model 3 Tesla is now listed at #0 on the site, with a price of $37,000 and a market cap of $24.85 billion. This appears to be price of the vehicle itself, not the price of Tesla's TSLA stock (valued at $849.46).

Furthermore, the supposed market cap is lower than Bitcoin's market cap of $879 billion.

This is not the first time that the site has made a listing of this type. On Jan. 29, CoinMarketCap listed Wall Street Bets at the top of its lists. And, on April Fools' Day in 2020, it listed the non-existed Toilet Paper Token at the top of its lists.

When those links are clicked, visitors are taken to a sub site that explains the context for the false listing. In this case, Tesla's recent purchase of $1.5 billion of Bitcoin is the relevant news story.

Nevertheless, some users may feel misled by the site's decision to organize its cryptocurrency listings in this way.

How do you rate this article?

7


Crypto Alphabet
Crypto Alphabet

A-to-Z blockchain explanations


Alphabet News
Alphabet News

Up-to-date news items

Publish0x Publish0x

Reward the author with $0.01 in crypto, and earn yourself as you read!

20% to author / 80% to me.
Rewards are FREE. Publish0x pays them, not you.

Page not displaying correctly?