Does Anyone Look At Market Caps Anymore?

[badenglishtea]

This is more of a subjective opinion piece, and I am not an expert on Crypto technology, or the markets, but I cannot believe some of the market caps that exist in the altcoin market as of today.  my take is 99% of the altcoin market is just over-inflated, non-fair distribution, where a few initial holders/devs are keeping the price afloat by waiting to dump onto the market at the first sign of offload opportunity.

1. Is Rubycoin worth $3MM? No.
2. Is Bytecoin worth $2.9MM? No.
3. Is Stellar worth $10MM? No.
4. Is Dash worth $44MM? Probably not.
5. Is Ripple worth $222.5MM? Definitely not.
6. Is MaidSafeCoin worth $26.4MM? NO, NO, NO.
7. The following are all over $5MM market cap: Steem, Ybcoin, Emercoin, Namecoin, Voxels, Fedoracoin, NEM ($14MM), DigixDAO ($11MM).

All of the above only factors in AVAILABLE supply. Not TOTAL supply. I am pretty sure only 33% of XRP is in the market (and most of that held in cold storage). For example is Ripple worth $650MM against total supply?

I feel like I am taking crazy pills, and I am holding a lot of the alts I listed above. I also feel like there are a lot of suckers that are buying into these hyped market caps that are going to get hit hard when the alts get slammed by a liquidity dump. My take is investors should be looking at the market cap on TOTAL supply almost above anything else to determine value:

1. Is Monero worth $10.6MM? Probably.
2. Is Dogecoin worth $23.4MM? Maybe.
3. Is Litecoin worth $170MM? Maybe.
4. Is Peercoin worth $9MM? Probably not.
5. Is Counterparty worth $2.9? Yea, maybe.
6. Is BlackCoin worth $2.2MM? Maybe not, but maybe.
The altcoins are substantiated by an existence of a brand, technology, innovation/development, and pretty fair-distribution.

I know I am going to get attacked on this, but I want to end on a question:
What is more likely; Ethereum grows from $774MM to $1.5BB or Monero grows from $10MM to $20MM? Both scenarios you double your money. I don't want to make this Ethereum Vs. Monero or something dumb like coin vs. coin, but to a small 'investor', buying into the smaller coins with good brands, technology/dev, and distribution is probably a better thing? Right?

[Red-Apple]

.... non-fair distribution, where a few initial holders/devs are keeping the price afloat by waiting to dump onto the market at the first sign of offload opportunity.

this is the biggest problems in the altcoin markets, and that is why you see everybody cursing coins that have ICO, IPO, PRE mine,....
it just makes the coin bad from the start because you are technically giving someone or a group the power to change the price as they like.

actually there was an explorer+like coinmarketcap i think it was called "cryptoid" and listead the rich wallets of any altcoin and you could see how the distribution of each coins were.
there are some good info to gather there.

[mobnepal]

The soultion to non ico coin could be something like raiblocks, they have tried to make fair distribution of raiblocks but even in that project, money from big players works out good. They pay other newbie members to claim mrai from faucet for them in hope to sell it later at high price. So whatever we do there will be always whales in altcoin market.

[gentlemand]

Anyone getting excited about market cap is either a bit dim or not paying attention. If I'm going to attempt to get excited about a coin then all I'm going to look at is trade volume and history.

[The Sceptical Chymist]

I don't regularly look at them, and I know they're changing all the time.  When I do look I always think bitcoin has got to get much bigger to be a worldwide currency or store of value.  And I look at coins like DOGE and it makes me a bit sad that the community must be as small as it is.  I really like DOGE.

[BTCLovingDude]

there are a lot of important factors here that make a coin worthy so it can grow, it is not only market cap or volume.
it is important to see why that particular coin has that numbers, is it really good and useful that people have bought the coin (the increased demand) or is it just a stupid hype causing a bubble.
so the history of the coin plays an important role here.

[fortunecrypto]

The soultion to non ico coin could be something like raiblocks, they have tried to make fair distribution of raiblocks but even in that project, money from big players works out good. They pay other newbie members to claim mrai from faucet for them in hope to sell it later at high price. So whatever we do there will be always whales in altcoin market.

I used to get 5 mrai when it is just starting out but because of the whales who employs a lot of captcha workers,I was getting 1 Mrai TO 5 captchas whales will always have a part or will always find ways to get more from the any distribution..

[Hermanny]

I have never understood dogecoin and how it can have any value. Joke which is not funny at all!

[gentlemand]

The reason it has value is the same as almost everything on Earth - because enough people have decided that they want it to have value.

[kiklo]

What is more likely; Ethereum grows from $774MM to $1.5BB or Monero grows from $10MM to $20MM? Both scenarios you double your money. I don't want to make this Ethereum Vs. Monero or something dumb like coin vs. coin, but to a small 'investor', buying into the smaller coins with good brands, technology/dev, and distribution is probably a better thing? Right?

More likely that Monero would reach $20M before Ethereum could reach $1.5B .

However more likely than both of those is a 1 sat Alt coin becoming a 2 or 3 sat Alt coin,
as the needed amount of capital to do so is exponentially smaller. 

  

[Nick70001]

For a $100 you can increase some coins market caps by $1000's so it's a totally irrelevant number.

[Ayers]

i like to take a look at the circulation cap, if we can call it in this way lol, a bit steange of a name, but i mean the current amount of coins that is produced by miners or issued to the public, yes

[altseeker]

I look at coinmarketcap at least twice a week to find out if I am making some money from all those coins I currently bag holding.

[prettybuds]

I don't care about market cap all that much cause I know the values represented are not real at all.
As a matter of fact it is extremely manipulable.

[Hermanny]

I don't care about market cap all that much cause I know the values represented are not real at all.
As a matter of fact it is extremely manipulable.

I don't agree with you.  It is very important to know the market cap of the coins you are going to invest!

[gentlemand]

Why? Are you going to take a punt on a coin with hundreds of BTC a day in trade volume with a wide and transparent supply or go for the one with a $50 turnover with a giant premine but sexy market cap because only 0.001% of coins are available for sale?