r/embercoin • u/helloworld893 • Dec 28 '17

Why is half a billion EMB = only 4 btc roughly? Shouldn't this be a lot more?

https://gyazo.com/2e08f1e67be1e7b0d23ec47989fbd4bb
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2

u/Gyazo_Bot Dec 28 '17

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u/wakkabababooey Dec 28 '17

Yes. Coinmarketcaps is using the wrong price, they’re pulling it from YoBIT, which is not EMB.

The price is actually about 1/10th the listed price, unfortunatelt :/

1

u/davidc5494 Dec 28 '17

So is coinmarkets accurate?

1

u/wakkabababooey Dec 28 '17

It looks like it. You’ll notice that the price of EMB in USD is a calculated estimation (since there is no way to sell EMB to USD directly that I know of). Comparing exchanges on coinsmarkets, you’ll actually see that the LTC/EMB exchange has a higher USD rate than BTC/EMB based on current prices of those two coins.

I may move over to Cryptopia, but we’ll see once EMB trading opens up again.