RE: Coindex10 Dec 2023 10:19
Kong. I assume you mean CoinCodex website, which owing to it's incorrect ranking of the GS20 Exchange (at circa #35) was responsible ofr the sudden spike in the SP the other Friday afternoon.
As you have noted, the coincodex then rerated GS20 to #171 out of #176 exchnages on it's site where it stayed, showing NO volume traded, despite the 24hr trading volume we were seeing on GS20.
As coincodex was the only exhange list i could find that actually showed GS20, and as it had been so instrumental in moving the SP, I wrote to them asking when they would show GS20 trading volume again instead of showing it as a zero volume exchange. This is the response i received on Wednesday.
"Thanks for reaching out. There's been a problem with the GS20 exchange volume that is why the team decided to disable it for now until we figure out what is going on.
We don't exactly know when this will be fixed but rest assured that our tech team is already checking on this matter.
Kind regards,
The CoinCodex Support team "
I know some people on here are going to be disapointed, but i am of the opinion the truth about GS20 trading volume must include some traded volume and not the zero volume that coincodex show. I hope they will verify this and re rank GS20 accordingly.
This will then answer your second concern, about going from #171 in the exchange rankings, to #424. The simple and answer is that coincodex only listed 176 exchanges until Thursday, now they list 429, and becasue GS20 still (ccording to them and for the reasons given) shows no 24hr trading volume, it's still at the bottom. Nothing has changed, only the number of exchanges that coincodex list.
I am a long term holder here with 10 million shares, so this is not FUD. Coincodex are clearly working on thier exchange list and GS20 are clearly showing a 24hr trading volume, so it should only be a matter of time for that volume to be reflected by coincodex and the GS20 move up the rankings accordingly.
Obviously, it would help greatly if other published lists of exchange volune rankings included GS20, but they simply don't. Coincodex is the only one i can find at the moment, but if someone can find another then please share. GS20 ranking may be reflected more accurately elsewhere.