Bitcoin Forum

So everyone knows the "Market Cap" page for alt coins.
http://coinmarketcap.com/

But I realized this information is utterly useless.

If 1 million coins are pre-mined, of a brand new coin, and only 1 purchase of 1 coin for $1.00 is made ...
That $1 value goes on all the pre-mined coins.
And suddenly a brand new coin, with zero trading volume, is valued with a market cap of $1,000,000.
Even if it only has a whopping $1 of actual money flowing through it.

Is there a website out there which shows actual amount of US Dollars (or bitcoins) flowing through each alt coin?
And the trading volume, purchases, etc?
That would be significantly more telling as to the value and success and interest (from the public) of each coin.

And how would you calculate such an amount?

Interesting topic.

Actually it would be impossible to track all the altcoin "commerce" and get an exact number for each coin, but you can get a rough estimate taking data from sites like http://cryptocoincharts.info (volume * average price).

Exactly, quite difficult when Alt coins value is determined by the value of BTC, when BTC crashed below 600 the other day no Alt coin retained its own value from what I could see, USD did not change, when a calculation is done to value an Alt coin it needs be Alt/BTC cause the value is not truly based on any other  currency.

Nearly every altcoin is tied to Bitcoin, anyhow...

Interesting topic.



I think that's where the question could be. Which alts are more likely to abandon bitcoin... I can onlythink in XPM as it has intrinsic value

this might help

example:

http://www.criptovalute.it/quark

my favorite:

http://www.criptovalute.it/redcoin