CoinMarketCap Suffers Glitch, Bitcoin Price Soars

Rancakmedia.com – Crypto investors became multi-millionaires and billionaires due to data from leading crypto price aggregator CoinMarketCap suffered from a glitch showing some interesting numbers for crypto asset prices by market cap and other data.

According to “CoinMarketCap Engineering Team, we are aware of inaccurate price information appearing on (the site)” and are “currently investigating and will update this status when we get more information,” this has been verified.

Since then, the error has been fixed, but certain assets, such as Bitcoin, have seen their price increase by up to $1.5 quadrillion! For example, the value of other cryptocurrencies such as Solana (which has a market cap of $338 million), Cardano ($2 million), Wrapped Bitcoin ($250 billion), and DAI (which has a market cap of over $10 million) have skyrocketed. .

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As a result of that glitch, the Shiba Inu temporarily became the most valuable crypto by market capitalization, but its value was much lower at $5.536.

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Moreover, the total market capitalization of the crypto industry has increased to $20 trillion.

Although the glitch appears to have been fixed, the aggregator thought it would be funny to ask his Twitter followers what it's like to be a trillionaire for a few hours.

What People Have To Say

Some members of the crypto community have dismissed the blunder as a joke, while others believe that the value of the coins they hold in their wallets really belong to them.

Safemoon product heads around the world have blamed the “CoinMarketCap API returning incorrectly positioned decimals within our app” for the skyrocketing coin value spike.

WatcherGuru first claimed the anomaly was caused by a hack before dropping its claim that it was unable to determine if it was a glitch or a hack.

Apart from TrustWallet, other crypto apps that rely on the site have also been hurt by the wrong prices, as seen by the scammers' responses.

Conclusion:

The CoinMarketCap website displays stunning numbers for crypto asset prices with market capitalization and other data. As a result of the error, CoinMarketCap suffers from a glitch, Bitcoin price had reached $1 billion.

The Shiba Inu is momentarily the most valuable crypto by market cap, however, its value is much lower at $5.536.

Some members of the crypto community have dismissed the blunder as a joke, while others believe that the value of the coins they hold in their wallets really belong to them.

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