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Title: Cryptocurrency Market Capitalization Ranking Post by: Sunny King on February 28, 2013, 08:46:18 AM I don't know any website does this, so let's update it here maybe weekly.
Please note market cap can vary wildly day-to-day so this is only a ballpark figure. If you know that my estimation is way off please post your correction. Current Cryptocurrency Market Capitalization Ranking Feb 28, 2013 (1 BTC ~ 30 USD) Code: Currency Market Cap (in BTC) * XRP estimate based on interlagos bid * NVC estimate excludes 110K destroyed coins. Mar 1, 2013 Update: dust has now included real time market cap on his website http://dustcoin.com/mining Good job dust! So I will no longer update the ranking here. Title: Re: Cryptocurrency Market Capitalization Ranking Post by: chriswilmer on February 28, 2013, 08:56:33 AM Just came in to say that this is a cool idea. Would be interested in following updates on this.
Title: Re: Cryptocurrency Market Capitalization Ranking Post by: sinner on February 28, 2013, 09:26:05 AM how is XRP market cap that big already?
Title: Re: Cryptocurrency Market Capitalization Ranking Post by: dust on February 28, 2013, 09:30:30 AM I don't know any website does this, so let's update it here maybe weekly. Interesting results.Please note market cap can vary wildly day-to-day so this is only a ballpark figure. If you know that my estimation is way off please post your correction. Current Cryptocurrency Market Capitalization Ranking Feb 28, 2013 (1 BTC ~ 30 USD) Code: Currency Market Cap (in BTC) * XRP estimate based on interlagos bid * NVC estimate excludes 110K destroyed coins.
I don't know any website does this, so let's update it here maybe weekly. http://dustcoin.com/mining (http://dustcoin.com/mining) will support this very soon.Title: Re: Cryptocurrency Market Capitalization Ranking Post by: Sunny King on February 28, 2013, 09:54:37 AM http://dustcoin.com/mining (http://dustcoin.com/mining) will support this very soon. That would be fantastic ;D Title: Re: Cryptocurrency Market Capitalization Ranking Post by: Sunny King on February 28, 2013, 10:00:19 AM how is XRP market cap that big already? Because all 100 billions XRP has already been issued (probably only 50~100M in public hands though) , and people are bidding it up just right now. I already used bids for the estimate to avoid inflating it too much as the ask prices are a lot higher still. Title: Re: Cryptocurrency Market Capitalization Ranking Post by: Endgame on February 28, 2013, 11:53:04 AM Thanks for posting this. A USD market cap comparison would also be pretty interesting.
Title: Re: Cryptocurrency Market Capitalization Ranking Post by: moocowpong1 on February 28, 2013, 05:41:25 PM XRP market cap is incredibly deceptive, because the vast majority of the coins are not even hypothetically available for purchase. (I'm assuming the devs and OpenCoin would consider it unethical to sell their portion of the coins at any price right now.) For economic purposes, they don't exist right now. If we ignore the devs' and OpenCoin's shares, there's only maybe (incredibly rough ballpark number) 50-100 million XRP out there. That would put the market cap at more like 1,500-3,000 BTC, which is much more consistent with the other numbers.
Title: Re: Cryptocurrency Market Capitalization Ranking Post by: Sunny King on February 28, 2013, 06:17:57 PM XRP market cap is incredibly deceptive, because the vast majority of the coins are not even hypothetically available for purchase. (I'm assuming the devs and OpenCoin would consider it unethical to sell their portion of the coins at any price right now.) For economic purposes, they don't exist right now. If we ignore the devs' and OpenCoin's shares, there's only maybe (incredibly rough ballpark number) 50-100 million XRP out there. That would put the market cap at more like 1,500-3,000 BTC, which is much more consistent with the other numbers. Not so sure that they care that much, I remember seeing a 1 billion XRP sell order a couple days ago on bitstamp BTC order book. Must be from one of the developers, probably for testing though :P I do agree though that one shouldn't take the market cap literally, it could vanish overnight because someone tries to dump, you would have to take market depth into consideration as well. Title: Re: Cryptocurrency Market Capitalization Ranking Post by: moocowpong1 on February 28, 2013, 06:23:23 PM XRP market cap is incredibly deceptive, because the vast majority of the coins are not even hypothetically available for purchase. (I'm assuming the devs and OpenCoin would consider it unethical to sell their portion of the coins at any price right now.) For economic purposes, they don't exist right now. If we ignore the devs' and OpenCoin's shares, there's only maybe (incredibly rough ballpark number) 50-100 million XRP out there. That would put the market cap at more like 1,500-3,000 BTC, which is much more consistent with the other numbers. Not so sure that they care that much, I remember seeing a 1 billion XRP sell order a couple days ago on bitstamp BTC order book. Must be from one of the developers, probably for testing though :P I do agree though that one shouldn't take the market cap literally, it could vanish overnight because someone tries to dump, you would have to take market depth into consideration as well. That order wasn't backed by actual XRP. Ripple supports creating offers that you don't have the funds to deliver on, and the client has a bug where it shows the whole order rather than the amount that could possibly be filled. Title: Re: Cryptocurrency Market Capitalization Ranking Post by: maxcarjuzaa on March 01, 2013, 03:04:57 AM I don't know any website does this, so let's update it here maybe weekly. Please note market cap can vary wildly day-to-day so this is only a ballpark figure. If you know that my estimation is way off please post your correction. Current Cryptocurrency Market Capitalization Ranking Feb 28, 2013 (1 BTC ~ 30 USD) Code: Currency Market Cap (in BTC) * NVC estimate excludes 110K destroyed coins. *scam :-) Title: Re: Cryptocurrency Market Capitalization Ranking Post by: mubit on March 01, 2013, 03:49:42 AM i thought xrp wasn't supposed to be a currency.
Title: Re: Cryptocurrency Market Capitalization Ranking Post by: Sunny King on March 01, 2013, 03:53:22 AM Typically, Authorized Shares are not included in the market cap calculation. Only Outstanding Shares. If you went by Authorized Shares for Bitcoin it would say "21,000,000" market cap :) As long as the coin is issued and tradable (no protocol limit to prevent owner selling them), it is counted in market cap. So both XRP 100 billion and the balance in FRC's foundation purse are counted in market cap, whereas bitcoin's unmined coins do not. Title: Re: Cryptocurrency Market Capitalization Ranking Post by: Zangelbert Bingledack on March 01, 2013, 11:28:15 AM i thought xrp wasn't supposed to be a currency. It's called a bait-n-switch ;) |