Bitcoin Forum

So far, Litecoin has been the only altcoin to exceed $1 billion market cap and even then, it only just barely managed to reach it and the time it spent above $1 billion was very brief. Now it's market cap has fallen, and continues to fall.

Do you think an altcoin will ever reach $1 billion market cap again? And which altcoin do you think it would be?

I personally think Litecoin has a shot at reaching and surpassing its ATH but only if Bitcoin undergoes another massive price spike. When the price of Bitcoin spikes, altcoin prices tend to follow. I believe Nxt also has a shot at reaching $1 billion too. Its growth also depends on Bitcoin but to a lesser extent than that of Litecoin since it isn't really perceived as being Bitcoin's little brother. I won't comment on Ripple since I don't know much about it.

What do you think?

XCurrency

Auroracoin reached the $1 Billion Market Cap (artificially inflated) for around three quarters of a day before its mega dump.

These threads are really ridiculous. This is pure speculation and the majority of answers will be 'randomaltcoin' that the person is holding.
You will get very few objective opinions on this. I wouldn't believe in NXT and Ripple is bad anyways.
Litecoin besides being the first successful altcoin has no features, so we will see if that is enough for it to survive/stay first.

Check out Saffroncoin (SFR), Yes I have some mined coins but nothing major and I am not tied to the coin in any other way.  I think it could be the next big coin.  https://bitcointalk.org/index.php?topic=586320.0

Stellar will reach 1B market cap by 2020 because there will be 1B+ stellar in circulation and it is quiet expected that 1 stellar will equal 1 USD.

Stellar is premined and have no intrinsic value, so I don't think so..

Here take a Walter White facepalm :

http://static.comicvine.com/uploads/original/11111/111111327/3254006-facepalm.png

Interesting. I didn't know that. I am guessing it was when the coin was being traded but before the airdrop right? Having an enormous premine would do that although I guess Auroracoin's premine was for legit reasons. Similar stuff happens with heavily premined low volume coins all the time.

Anyway, it's interesting to see the votes so far. 8 people voted "Yes" and 1 person voted "Maybe". No votes for "No" yet. Since the poll is anonymous, there would be no point in someone hyping a coin that they hold so it seems that most people here genuinely do believe that an altcoin other than Litecoin will surpass the $1 billion barrier. My guess is that Bitcoin's market cap will probably be in the tens of billions if/when this happens.

Maybe in the future, can't see it happening any time soon in the current slump. Not nice seeing my portfolio losing value everyday  >:(  :D

Yeah, it's crazy how prices have dropped today. Peercoin is down by 12 percent. Litecoin by almost a fifth. Bitcoin is down as well. All in the space of 24 hours. And if you look at the long term charts, it looks just as bad. :(

yes, off course.

It's just a matter of time!

I think that it'll happen again during the next major bitcoin run-up (which also implies that I think there will be another major bitcoin run-up). Oddly enough though, I don't think only Litecoin has a chance but probably one of the 2014 coins with a major base and significant innovation.

Not sure which one though...

After all, if BTC runs up to let's say a 100B market cap, the parity and trading level doesn't have to be significantly high in order for another coin to hit a 1B market cap. At that level, LTC can trade at half of its current BTC conversion value and still hit the 1B mark. And DRK (just using it since it's currently 5th in market cap), would have to go up to .0225 to put it at a 1B mark, but something like that isn't as far-fetched as other things that I can think of.

"ever" is a long time.  But I don't suspect it will be soon.  

According to Coinmarketcap.com, all cryptos right now are just over $8 billion in cap, with BTC being just over $7.6 bil.  So the other 450+ coins on their site combine for about $400 mil in cap.  

And Litecoin, even in a bad slump, is about HALF of THAT total.  So we're talking about 450+ coins with a combined cap of $200 mil or so, the highest of which are in the $40mm range.  Which of those coins are going to see 25x spikes (or more) to get to $1 billion?  

It's impossible to say.  I'd suspect it will eventually happen.  But the market is not conducive to it right now, and it may be a coin that hasn't been developed yet.

Don't think people can get fool easily again by pump and dump coin.

Well, that's how crypto tends to go. There are ups and down, just like any other market/investment.

And hell, let's be honest, if you're really looking at long-term trending, those three are doing amazing compared to other investments when pegged against fiat (which let's face it, that's that what most of you are in this scene for).
BTC: 1-year change: +540% (cap change: +665%)
LTC: 1-year change: +245% (cap change: +400%)
PPC: 1-year change: +565% (cap change: +595%)

Long-term seems pretty good to me. I would kill for any of my traditional investments to provide me these types of returns.

Yes in my opinion is very likely that an altcoin in the future will reach and exceed the 1 billion $ market cap.

Stellar will and soon enough
Just not sure if it will do so in a sustainable fashion

1 billion is really too much for the current alts but sooner or later there will be coins which will hit that value.

I see what you did there: https://www.youtube.com/watch?v=x5Za8HggalY

And on the subject at hand yes I do believe another alt will surpass 1 billion market cap.

Central banks around the world are printing into oblivion so yes is my answer.

Could happen who knows what the next btc will be.
I tip on DEM  ;)

doesn't count.

i vote maybe but it's a long shot..

To take the negative position requires:

1. That BTC remain the undisputed champion forever.
2. Or that all crypto dies out or is ruthlessly stamped out.
3. Or that Fiat currency gains value in the future, and holds that value perpetually. (Stop laughing)

Money is used in a variety of ways, and the best technical characteristics/features for each use are somewhat different. So ultimately I expect that there will be a handful (more or less) of dominant cryptocurrencies, each tailored to very specific functions and with extreme liquidity between them. You'll be paid in one crypto, trade it to another for bricks-and-mortar purchases, putting some money away in another crypto for long-term, secure savings, while your employer uses yet another crypto to pay it's suppliers. And when you go on vacation you'll use another crypto for the greatest convenience/security, and yet another for when you want maximal anonymity. And so on.

So yes, I think a number of coins will ultimately pass the $1 Billion mark. I'm surprised at the lack of traction lately in altcoins, but that may be naivity on my part. I'm hoping the survivors can build support and get some real world use/investment to drive them forward. The flood of worthless clonecoins and scams has temporarily derailed things, and competition among the contenders is going to be pretty ruthless for a while yet until clear winners for various segments emerge.

As you point out, it was artificially inflated. It took advantage of the way market cap is calculated, which multiplied value across all coins in existence, when it really should multiply value across all coins mined. Exluding massive dev premines.

Investment Gold is $2 trillion, $4 trillion asset gold, Dot.com was $7 trillion in late 1990s, recent housing bubble was $10 trillion, there's $37 trillion in investments world wide, $400 trillion in derivatives.

Not inconceivable that Bitcoin could hit $1 trillion and then a whole host of alternatives could be worth $1+ billion each.

Having a 1/1000 market cap isn't inconceivable.  Value of LTC is 1/7 of Bitcoin.  NxT and Dark are like 1/300 value of Bitcoin.

On that note if Bitcoin were to hit $1 trillion then LTC would be worth $142 billion.  NxT and Dark around $3.3 billion.


There's always the Myspace-Facebook element too, some obscure crypto could become #1 or #2 in the future.

Well that's actually most coins in existence.  It's either a premine for the developers or its' held by whales who took it all for next to nothing.  Dark was instamined by several million.  8 wallets (wallets =/= persons, aka could be socks) took 400 million NxT according to Salaczs' blog (NxT developer).


We've seen what has happened to all the 'fair distribution' coins.  The capitalization simply doesn't hold as you can't control 1000 - 3000+ wallets.  Even Stellar is seeing that with their tens of thousands of wallets where people are dumping instantly just to get $10.

I would be very surprised if this hadn't happened within 2 years from now.

Of Course It will and first one that will do it will be LTC.

But that dont mean i think LTC will stay as number 2 coin for really long time.

Yes, A-coin