How does CoinMarketCap determine the higher price of Ripple compared to Binance?

3 answers

• Dec 24, 2021 · 3 years ago
  CoinMarketCap determines the higher price of Ripple compared to Binance by considering various factors. One of the main factors is the trading volume on different exchanges. If the trading volume of Ripple on CoinMarketCap is higher than on Binance, it can lead to a higher price on CoinMarketCap. Additionally, CoinMarketCap takes into account the liquidity and order book depth of Ripple on different exchanges. If there is higher liquidity and more buy orders on CoinMarketCap compared to Binance, it can also contribute to the higher price. It's important to note that the price difference can vary depending on market conditions and trading activity.
  655328
• Dec 24, 2021 · 3 years ago
  When it comes to determining the higher price of Ripple compared to Binance, CoinMarketCap considers multiple factors. One of the key factors is the overall market sentiment and demand for Ripple. If there is a higher demand for Ripple on CoinMarketCap compared to Binance, it can result in a higher price. CoinMarketCap also takes into account the trading volume and liquidity of Ripple on different exchanges. If there is higher trading volume and liquidity on CoinMarketCap, it can contribute to the higher price. However, it's important to note that the price difference can fluctuate based on market dynamics and trading activity.
  635212
• Dec 24, 2021 · 3 years ago
  CoinMarketCap determines the higher price of Ripple compared to Binance based on various factors. One of the factors is the trading activity and liquidity on different exchanges. If there is higher trading activity and liquidity on CoinMarketCap compared to Binance, it can result in a higher price. Additionally, CoinMarketCap considers the overall market sentiment and demand for Ripple. If there is a higher demand for Ripple on CoinMarketCap, it can also contribute to the higher price. However, it's important to note that the price difference can change over time as market conditions and trading patterns evolve.
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