Investopedia 101Seems like Ethereum is on her period
It´s still priced at almost 700 million dollars. That´s some serious money.
ETH still got a very solid marketcap and volume in crypto standards
Market cap is not a measure of anything real such as liquidity because for example
if just 1% of the supply of Dash was sold it would cause the price to drop 99% whereas only 20% for Monero.
Market cap is not even a measure of how much has been invested in the coin. For example, I create 1 million tokens, then execute one transaction to buy 1 token from myself for $100. No one invested $100 million. Duh!
Much of the volume can be fake due to insiders buying from themselves to create pump of the price, which is especially likely (presumably always) in ICO and insta/premine coins (i.e. scams).
ETH is not even a hundredth of Bitcoin's market adoption:
I thus suggest an idea for a new metric for ranking altcoins.
Sqrt(M x H)
M = Mean transactions fees paid per unit time to decentralized proof-of-work miners
H = hash rate (normalized in electricity cost per hash to SHA256).
Using
M = Sent avg. per hour, H = Hashrate (normalized):
| Coin | | Relative Adoption | | Ratio | | Adoption-adjusted Market Cap |
| 1.Bitcoin | 6.5×10¹² | 1 | $6.4 billion |
| 2.Namecoin | 8.6x10¹⁰ | 1/76 | $85 million |
| 3.Ethereum | 6.6x10¹⁰ | 1/99 | $65 million |
| 4.Litecoin | 1.3x10¹⁰ | 1/500 | $13 million |
| 5.Dash | 9.8x10⁹ | 1/663 | $10 million |
| 6.Blackcoin | 7.4x10⁸ | 1/8784 | $0.7 million |
| 7.Dogecoin | 6.1x10⁸ | 1/10656 | $0.6 million |
| 8.Auroracoin | 5.8x10⁶ | 1/1120690 | $5,931 |
| | | |
I edited the table above so readers can see the "Adoption-adjusted Market Caps".
You can see how pitiful the altcoins are.
Edit: your investment money is being siphoned off into the pockets of the insiders of these coins. None of it is achieving any significant adoption.
