Coin market capitalization watcher thread

[Walter Rothbard]

I thought it might be interesting to collectively track and discuss this information over time:

http://coinmarketcap.com/

Right now the top ten coins are:
Bitcoin
Litecoin
Peercoin
Namecoin
Quark
ProtoShares
WorldCoin
Megacoin
Primecoin
Feathercoin

Very notable also is currency #11: Nxt, which has risen 87.41% in the last 24 hours, according to the site.  This is especially notable given that nearly every other currency has fallen in lock step the last 24 hours.

I'm particularly interested in watching the top ten over time.

At the moment, I can't say that I fully understand why all of these are on the list.  I understand positions 1 through 4.  What has Quark got that is making it number 5?  Feathercoin had a huge surge of interest earlier this year, so I can see why it is still hanging around.  And Primecoin is very unique and I can see why it is there.  ProtoShares is an interesting idea, although I'm not sure it deserves to be #6.  What about WorldCoin and Megacoin - why are they up there?

Edited to add:
This links shows XRP as well:
http://coinmarketcap.com/ripple.html

[Walter Rothbard]

Actually, Quark just edged out Namecoin.  What's going on with Quark?

[opticalcarrier]

quark/namecoin routinely swap places, depending on the market.

I wish Gliss would just delist doge permanently, for their trolling shennanigans

[Dogecoin]

quark/namecoin routinely swap places, depending on the market.

I wish Gliss would just delist doge permanently, for their trolling shennanigans

I don't think it needs to be delisted, but for now maybe "if over $1 a coin, ignore and use previous price" type logic.

[Walter Rothbard]

quark/namecoin routinely swap places, depending on the market.

Yes, they are already back where they were before.

I wish Gliss would just delist doge permanently, for their trolling shennanigans

I started to say that eventually as the market deepens this would be less of an issue - but what about for coins where the market never deepens?

[digitalindustry]

quark/namecoin routinely swap places, depending on the market.

I wish Gliss would just delist doge permanently, for their trolling shennanigans

credibility killer -  http://www.cryptmarketcap.com/

[Walter Rothbard]

Megacoin vanished.

Meanwhile, Nxt has been outpaced by Novacoin, so that gives us:

Bitcoin
Litecoin
Peercoin
Namecoin
Quark
ProtoShares
WorldCoin
Primecoin
Feathercoin
Novacoin

[Walter Rothbard]

Nxt's 24 hour gain is nearly gone.

[Walter Rothbard]

Current top ten:

Bitcoin
(Ripple)
Litecoin
Peercoin
Namecoin
Quark
ProtoShares
WorldCoin
Megacoin
Primecoin
Feathercoin

Megacoin has returned.  The general slide continues - at the moment the only coin on the whole chart that shows a 24 hour gain is BetaCoin.

[FrictionlessCoin]

Current top ten:

Bitcoin
(Ripple)
Litecoin
Peercoin
Namecoin
Quark
ProtoShares
WorldCoin
Megacoin
Primecoin
Feathercoin

Megacoin has returned.  The general slide continues - at the moment the only coin on the whole chart that shows a 24 hour gain is BetaCoin.

Nice thread.  

Here's my take.

Bitcoin <- Solid/  8 billion market cap.  Undervalued.
(Ripple)
Litecoin <- Solid.  Weakness in sympathy with Bitcoin.  GPU cards all selling for 80% premium.  
Peercoin  <-  Should decline based on high miner subsidy.
Namecoin  <-  Undervalued at 31 million, should overtake Peercoin
Quark <-  Too few holder, too new.  Should decline as insiders cash out.
ProtoShares <-  Too early, too few coins.  New coins typically decline over time as miners sell and push price lower.  
WorldCoin <-  Too fast block rate, too many coins, will decline over time.
Megacoin <- Similar to quark.  Insiders will cash out.
Primecoin <- Flawed experimental coin.  I doubt the upside.
Feathercoin <- Lots of community, weak developers.  Lots of insiders.  Been taking a major punishment.  Not sure where this will go.

[Walter Rothbard]

I'm curious what you feel is flawed about Primecoin.  I'm not involved in its day to day operations - is it having problems?

[FrictionlessCoin]

I'm curious what you feel is flawed about Primecoin.  I'm not involved in its day to day operations - is it having problems?

Prime number sequences are fundamentally clustered, what this means is that there is a limit to how high difficulty increases.

If difficulty is bound, then the rate of generation of coins increases as the limit is hit.

[Walter Rothbard]

Nice healthy green numbers today:

Bitcoin
(Ripple)
Litecoin
Peercoin
Namecoin
Quark
ProtoShares
WorldCoin
(DogeCoin)
Megacoin
Primecoin
Feathercoin

Same list as always except this is the first time I've caught one of those temporary high Doge moments I've been hearing about.

Nearly everything is up.  Not as much as it was a few days ago, but back to the point it was a few days before that.  So you can call it a crash or a recovery; take your pick!

[Walter Rothbard]

PrimeCoin and FeatherCoin have been pushed down - Nxt and Dogecoin are up (not sure how much I trust the Dogecoin readings, but this is twice in a row.)

Bitcoin 8,409,983,542
(Ripple 2,241,106,927)
Litecoin        490,738,519
Peercoin        74,777,643
Namecoin        35,927,269
Quark   27,650,727
ProtoShares     16,571,809
WorldCoin       16,170,765
Megacoin        14,232,478
(DogeCoin        10,507,728)
Nxt     10,373,024
Primecoin       9,315,597