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Author Topic: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!  (Read 565839 times)
canth
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December 23, 2013, 01:34:20 AM
 #681

Is it just me, or does Nxt belong with the Ripple's of the world?  The coin appears premined and controlled by the devs, thus propping up the price per coin. 

Yes, the more research I do the more I am disturbed that they are having any success at all. I thought people were smarter then this.

The coin is not premined. It is 100% created and given to the stakeholders. Basically the same effect as 100% premined. So people rip on other coins for having small premines while NXT is 100%

Further mining for fees is biased towards those who already hold coins with those with the most coins having the greatest chance at mining success.

In order to get some NXT you pretty much have to buy it form the stakeholders and they are not selling cheap.

I thought the whole idea behind mining was so that those not fortunate enough to be highly bankrolled could have a chance at controlling some of a potential successful currency.

There are plenty of BTC millionaires who mined BTC in the beginning and never forked over cash to take a position.

Every PoS coin will fall into the same concerns you have at some point. For example, years from now some kid that never mined any PPC will only be able to get them through purchase since mining eventually fades out. Would you delist PPC at that point?

The point of the charts isn't to provide some level of validation on whether a coin is legit or scam - if it was this thread would be 100% chock full of shills and trolls trying their best to knock coins off the list or fluff them up.

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December 23, 2013, 02:13:50 AM
 #682

Hello,

We are the first exchange for Mastercoin (the "on top of bitcoin" altcoin), www.masterxchange.com, which by capitalisation is currently around the 5th coin

We have made a JSON API that retrieves prices & trades :

https://masterxchange.com/api/trades.php returns the 500 last trades
https://masterxchange.com/api/orderbook.php returns the 500 best ask orders and the 500 best bid orders
https://masterxchange.com/api/supply.php return the total number of mastercoins in existence

Hope this is enough for you to include us on your site. If you need additional data or options please let me know.

Regards,

Emilien

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Gliss
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December 23, 2013, 05:37:06 AM
 #683

Added sorting options as requested.


Hello,

We are the first exchange for Mastercoin (the "on top of bitcoin" altcoin), www.masterxchange.com, which by capitalisation is currently around the 5th coin

We have made a JSON API that retrieves prices & trades :

https://masterxchange.com/api/trades.php returns the 500 last trades
https://masterxchange.com/api/orderbook.php returns the 500 best ask orders and the 500 best bid orders
https://masterxchange.com/api/supply.php return the total number of mastercoins in existence

Hope this is enough for you to include us on your site. If you need additional data or options please let me know.

Regards,

Emilien

I'm looking at the trades API and there seems to be very low volume (50 trades in 4 days).  Is that right?

Crypto-currency market cap rankings @ http://coinmarketcap.com
alrose
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December 23, 2013, 06:54:03 AM
 #684

Removed  Nxt?

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December 23, 2013, 07:14:45 AM
 #685

I'll second the call for including Mastercoin (MSC) on the list.

Exchanges for it are starting to pop up and while the trading volume is still pretty early stage / spiky, the trading volume hit $1,000,000 USD equivalent during a 24 hours period, for the first time a few weeks back.

http://mastercoin-explorer.com/charts/monthly

Thanks.

 

“The state is that great fiction by which everyone tries to live at the expense of everyone else.” ― Frédéric Bastiat
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December 23, 2013, 07:27:17 AM
 #686

Mastercoin should definitely be included on coinmarketcap. It's a well-known project. The developers have been interviewed on multiple occasions on Let's Talk Bitcoin. It's been written about in Bitcoin Magazine.
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December 23, 2013, 08:28:44 AM
 #687

wtf? where's nxt?
Oldminer
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December 23, 2013, 08:36:39 AM
 #688

Please add Lottocoin  Smiley

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
Zubilica
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December 23, 2013, 08:38:10 AM
 #689

Can Lottocoin be added ?

http://lottocoin.org/
http://lottocoin.org/blockexplorer.php
https://www.facebook.com/lottocoins
https://cryptocointalk.com/topic/2167-lottocoin-lot-information/
https://bitcointalk.org/index.php?topic=368707.0
http://www.reddit.com/r/lottocoin
http://topbitcoinsites.com/lotto-coin-altcoin-thats-a-game/
http://coinbomb.biz/lottocoin/

https://github.com/lottocoin/lottocoin

Exchange : https://coinedup.com/OrderBook?market=LOT&base=BTC


Regards.

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December 23, 2013, 08:40:46 AM
 #690

So, did we finally get rid of the coin that wasn't actually a coin ?

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December 23, 2013, 08:53:52 AM
 #691

Added sorting options as requested.


Hello,

We are the first exchange for Mastercoin (the "on top of bitcoin" altcoin), www.masterxchange.com, which by capitalisation is currently around the 5th coin

We have made a JSON API that retrieves prices & trades :

https://masterxchange.com/api/trades.php returns the 500 last trades
https://masterxchange.com/api/orderbook.php returns the 500 best ask orders and the 500 best bid orders
https://masterxchange.com/api/supply.php return the total number of mastercoins in existence

Hope this is enough for you to include us on your site. If you need additional data or options please let me know.

Regards,

Emilien

I'm looking at the trades API and there seems to be very low volume (50 trades in 4 days).  Is that right?

We launched ~3 days ago, and manual trading systems are still quite active with mastercoins.

Right now there is really few trade the order book is still just building up.

ProProfi.com
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cycloid
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December 23, 2013, 09:25:22 AM
 #692

Good call on removing NXT ... what total load of sh#$. 

Thanks

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December 23, 2013, 11:36:17 AM
 #693

can we add applecoin
coradan
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December 23, 2013, 12:47:46 PM
 #694

Hide currencies is another way of market manipulation... The best would be to give as much information as possible and then people take their decisions...  Free decisions are the most important!

I think the best solution would be to add the Nextcoin with a tag saying: 100% generated or 100% premined!

One more thing: NXT
http://www.nxt.cool
hilariousandco
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December 23, 2013, 12:53:58 PM
 #695

Good call on removing NXT ... what total load of sh#$. 

Thanks

Next is still there. Maybe the block explorer was down.

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December 23, 2013, 06:19:54 PM
 #696

Good call on removing NXT ... what total load of sh#$. 

Thanks

Next is still there. Maybe the block explorer was down.
No. Just have a need for such phenomena in humans. Normally for the new market values.
Thorgrim
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December 23, 2013, 06:43:41 PM
 #697

Is it just me, or does Nxt belong with the Ripple's of the world?  The coin appears premined and controlled by the devs, thus propping up the price per coin. 

Yes, the more research I do the more I am disturbed that they are having any success at all. I thought people were smarter then this.

The coin is not premined. It is 100% created and given to the stakeholders. Basically the same effect as 100% premined. So people rip on other coins for having small premines while NXT is 100%

Further mining for fees is biased towards those who already hold coins with those with the most coins having the greatest chance at mining success.

In order to get some NXT you pretty much have to buy it form the stakeholders and they are not selling cheap.

I thought the whole idea behind mining was so that those not fortunate enough to be highly bankrolled could have a chance at controlling some of a potential successful currency.

There are plenty of BTC millionaires who mined BTC in the beginning and never forked over cash to take a position.

Every PoS coin will fall into the same concerns you have at some point. For example, years from now some kid that never mined any PPC will only be able to get them through purchase since mining eventually fades out. Would you delist PPC at that point?

The point of the charts isn't to provide some level of validation on whether a coin is legit or scam - if it was this thread would be 100% chock full of shills and trolls trying their best to knock coins off the list or fluff them up.

If you look back at my prior posts in this thread my main issue with NXT on coinmarketcap was that it is only on one exchange and that exchange only trades NXT/BTC. I also had the same issue with Dogecoin when it was only on coinedup.

One small market is not a very good representation of the value of a coin. In order for the market caps to reflect closer to true value you need an un-manipulated market and you need liquidity. It is far easier to fix the price on one market when you don't have to worry about arbitrage from other markets. Especially when the only exchange is owned by a stakeholder of NXT. It is just common sense.

The 100% minted to start and POS for fees is a side issue.

Maybe there is a compromise for this problem. Perhaps an astrix or notation disclosing that it is only traded on one proprietary exchange?

Kind of silly to compare coin values when all the other top 15 competitors are listed on at least 3 exchanges and those exchanges don't exclusively trade just one coin.

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December 23, 2013, 07:01:19 PM
 #698

Hi folks, this I initially posted as a separate topic but this thread perhaps a better place. With regards to some coinmarketcap shortcomings here I suggest possible ways to address them:

1. Market Cap is shown for all (pre-)mined coins, even if only a tiny percentage actually available for trading

-> e.g. for someone to push their newly designed coins to the top of the league, it would suffice to release a tiny percentage of them into the market, causing price squeezes due to shortage of supply. One could argue nothing wrong with that as the price is determined between market participants aware of supply shortages. However, the ranking in the league table vs coins with wide circulation is misplaced.

Suggestion -> supplement with a new ranking based on Traded Market Cap or a similar statistics (over a certain period across all available exchanges), e.g. Traded Market Cap (24h) = Traded Volume (24h) x Weighted (by volume) Average Traded Price (24h)


2. The prices on less liquid exchanges are sometimes "manipulated", in that off-market transactions for small volumes are enacted

-> e.g if the market with reasonable size bid / offer for a certain coin is at $1.50 / $1.55, someone might sell tiny amounts to lower bidders at $0.50 without risking much. Yet such transactions come on record and distort both price and market cap history charts.

Suggestion -> for each coin introduce some reasonable minimum treshold trade size which is required for inclusion of that trade into the price and market cap statistics.


3. The % change in Market Cap is shown over the 24h period, e.g. every minute we look at % change to a different reference point.

-> e.g. even though 24h change might be interesting, the observed % change is then not comparable to the observed % change value several minutes or hours ago. This is irritating and gets substantially magnified when prices are volatile, or being manipulated as per above.

Suggestion -> use % change to a fixed time point of a day, such as 0:00 GMT. Perhaps this has been already discussed, so apologies if the community already actually agreed on the existing format.

 Wink

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December 23, 2013, 07:39:28 PM
 #699

Why don't you remove NXT? It's a scam coin

Hey, smexy. Don't waste your time. Time's precious.
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December 23, 2013, 07:41:34 PM
 #700

Why don't you remove NXT? It's a scam coin

because people (including me) are intrested in its price, scamcoin or not (not saying it is)
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