CoinMarketCap’s New Boost Feature Sparks Controversy

CoinMarketCap (CMC) recently unveiled Boost, a new service that allows users to increase a token’s trending score. Anyone can buy these boosts, whether they are developers or ordinary traders.

This feature has sparked a lot of controversy, with supporters believing Boost will support organic hype, and opponents fearing biased data and market manipulation. Some of CMC’s Top 10 trending tokens are currently boosted.

CoinMarketCap is one of the world’s leading crypto data and analysis firms, and small-cap tokens can gain a lot of notoriety by trending on it.

Since this spotlight is so coveted, it’s logical that CoinMarketCap would seek an opportunity to monetize it, which is where the new Boost service comes in: