CoinMarketCap crushed the dreams of crypto investors by explaining on Tuesday that the sudden spike in the prices of a variety of cryptocurrencies was due to “price issues” and was not real.
Price issue at CoinMarketCap made people think they have become rich
This has led many people to speculate that it might have been a glitch.
The company stated in a tweet: “Our website is currently undergoing Price Issues. We are currently investigating and will update this status when we have more information.”
Because of an error Ether’s price has risen to more than $450 million meanwhile Bitcoin was priced at more than $785 million.
Between the time the issue first appeared and it supposedly being fixed, countless crypto investors saw their net worth skyrocket:
My Coinbase account is up almost $59 Billion in less than 5 minutes. I quit my job and i’m free for the next hour. AMA#Coinbase $bsv #Crypto pic.twitter.com/InOkwHOTdH
— Fren 👽🛸 (@neo112011) December 14, 2021
Although we don’t know how many people sold their Shiba Inu coins somehow thinking its price had climbed to almost $22,000 while the real price is currently $0.00003365 per coin.
We hope that most investors have checked the real exchange rate before doing any transactions.
