CoinMarketCap Unverified Shiba Inu’s Rival BabyDoge Supply After a Few Hours of Verification. BabyDoge Doubts Shiba Inu Founders are CMC Founders.
On Thursday, BabyDoge, a canine-themed cryptocurrency, announced via tweet that CoinMarketCap had finally verified its circulating supply after almost a year.
Following a few hours of the announcement, BabyDoge noticed that they had lost the “verification badge” they received from the CoinMarketCap and are now again considered unverified.
The team behind BabyDoge became suspicious about the matter and expressed anger while posting the following tweet: “There’s something odd going on inside CoinMarketCap. Rumor is SHIB founders are also CMC founders ~ not confirmed.”
We were verified this morning, then within hours it was removed.
There’s something odd going on inside @CoinMarketCap
— Baby Doge (@BabyDogeCoin) June 16, 2022
BabyDoge strived hard to verify its circulating supply and market cap on CMC, despite the following facts: BabyDoge Coin is now one of the top followed cryptocurrencies on the Twitter platform. BabyDoge also leads all other canine-themed cryptocurrencies from the front regarding holders’ counts.
After submitting hundreds of requests consistently for a year, BabyDoge finally got verification from the CoinMarketCap, but unfortunately got unverified after a few hours of confirmation.
As per BabyDoge’s team, this kind of odd behavior from the world’s premier price-tracking platform for cryptocurrencies forced them to think that the rumors circulating all-around social media platforms regarding the connection between SHIB Founders and CMC Founders might be true. This is because they don’t want to see the competition evolving in space.
Readers should note that verification from CMC is vital for the project nowadays, as it increases legitimacy and improves the project’s ranking on the platform. As a result, a project can gather more investors’ attention in the future.
However, BabyDoge is not the only project which has criticized the CMC. Crypto.com’s CEO Kris Marszalek has slammed CoinMarketCap several times before for providing incorrect information.