The price of the first altcoin

[Abiky]

Altcoin come and go and Namecoin which is considered as the earliest altcoin (not litecoin) is only having $13m market cap and it's already being delisted everywhere or in other words, it's literally a dying coin.
It's not even 1:100 against bitcoin as you stated, it's way less than that.

"Dying"? I thought the health of a Blockchain network is determined by the number of nodes and miners supporting it? Not to mention, how actively-developed the project is. If all centralized exchanges decide to de-list Namecoin, trading can continue on decentralized exchanges (DEX). Market prices are only a concern to those seeking profits. True believers of the coin wouldn't care about the price.

In my opinion, NMC is a useful crypto. If you're considering making a return on your investment, you're better off choosing another altcoin. Smart contract chains (ETH, SOL, BNB, etc.) is are worth considering. To each, their own.

[Webetcoins]

When you are talking about the oldest altcoin, then that should be ethereum and we can always consider its value currently to what bitcoin value is and make the equation with the differences, even though we all know that the differences are there and are all unimaginable experience, because bitcoin will always be increasing more faster than any other coin coming after it including ethereum.

I mean both are valuable and ETH is valuable on its on niche but in general, BTC will always be more valuable than it (not to mention its price too). Even some people can consider ETH as as low-quality or a shitcoin. BTC is the first and have gained a lot all through the years.

So actually, that would now slow down its gain. It also has to do with the supply of the coin. BTC has a lot more circulating supply than the recent coins though, but the proof is already there if we watch them closely.

[JaanusRaim]

I bet that the price of the oldest altcoin will be about 1:100 (not 1:1000, not 1:10) in relation to Bitcoin in the long run (in decade horizon).

By that saying of oldest altcoin, that seems to be namecoin. Correct me if I am wrong with that. But what does the ratio you've mentioned means? The exchanges where it is listed is not that much anymore and the volume it has got is about to be dead soon. So, what does it really means you're saying about it in the long run?

Namecoin or whatever, it is not important what is its name. The position of the first alt is that counts.


Where my ratio 1:100 comes from?

Do you imagine a situation where two men (among many others) run for some position in one small country ... The first men is the most famous figure of this country, the second man is his younger brother. The first man will get 66 619 votes. How much votes will get the second man?

[wiked1]

I bet that the price of the oldest altcoin will be about 1:100 (not 1:1000, not 1:10) in relation to Bitcoin in the long run (in decade horizon).

By that saying of oldest altcoin, that seems to be namecoin. Correct me if I am wrong with that. But what does the ratio you've mentioned means? The exchanges where it is listed is not that much anymore and the volume it has got is about to be dead soon. So, what does it really means you're saying about it in the long run?

Namecoin or whatever, it is not important what is its name. The position of the first alt is that counts.


Where my ratio 1:100 comes from?

Do you imagine a situation where two men (among many others) run for some position in one small country ... The first men is the most famous figure of this country, the second man is his younger brother. The first man will get 66 619 votes. How much votes will get the second man?

Namecoin is considered the implementation of the BitDNS idea but the first basic altcoin was probably Ixcoin which had an issue with a premine so someone developed I0coin to address the premine. If you are interested in historical altcoins then you might be interested to know the original developer of i0coin (zero not letter o) aka izerocoin has returned to the forum just recently so these coins are not "dead coins" no matter what anyone tells you once they have a working blockchain.

[JaanusRaim]

If someone takes you seriously & invites you to make a bet, I think you will lose from the start of the bet. The concrete context here is the oldest altcoin, that means Namecoin (NMC), let's see how things actually work there.

Closing Price by March 24 2026
Bitcoin (BTC): $70,517.86 - Namecoin (NMC): $0,8973

Q: Then, if we refer to the last price, what's the price ratio between Bitcoin (BTC) & Namecoin (NMC)?
A: The ratio is huge, even beyond @OP worst expectations, that's 1:78,600.

Q: What if we want to get 1:100 in ratio, how do we get it?
A: To get that, Namecoin (NMC) price must be at least $705,18.

Image Source: Coinmarketcap

Imagine how Namecoin (NMC) could achieve that if they never even reached $20 per coin, their ATH was around $16.30 12 years ago, LOL.

Yes, the market can stay irrational longer than I can stay solvent  


I have noticed that my thread is mirroring the thread "Thought experiment: Bitcoin falls to $1000. I think it would recover."
Only I am even more "unreal" than the OP of the $1000 BTC thread because when he says that $1000 BTC is possible (with 1% probability), I say that this 100:1 between first and second is not only possible but probable.


To make a bet was a great idea. I already made a monetary bet in Coinex. Today is day 6296 of cryptocurrencies, I bet that when crypto is 12592 days old the price ratio between the first and the second crypto (the first and the second by age) is 100:1 or smaller.
If I lose I, lose x usd. If I win, I win 777x usd.

[dansus021]

I bet that the price of the oldest altcoin will be about 1:100 (not 1:1000, not 1:10) in relation to Bitcoin in the long run (in decade horizon).

What does this mean?

[Abiky]

Namecoin is considered the implementation of the BitDNS idea but the first basic altcoin was probably Ixcoin which had an issue with a premine so someone developed I0coin to address the premine. If you are interested in historical altcoins then you might be interested to know the original developer of i0coin (zero not letter o) aka izerocoin has returned to the forum just recently so these coins are not "dead coins" no matter what anyone tells you once they have a working blockchain.

IOCoin, unlike Namecoin, isn't being traded on exchanges. Not according to CoinMarketCap. They've stopped "tracking" its market performance some time ago. Same goes with a few oldies in the crypto space. While Namecoin's idea of a decentralized DNS was innnovative in the early days, we now have several protocols which do the exact same thing. ENS and Unstoppable Domains are one of them. They're deeply-integrated into the Ethereum blockchain. Why would anyone bother downloading and installing the Namecoin Core wallet software, when it's easy to use an existing Ethereum wallet and make use of the decentralized DNS feature?

For this and many other reasons, NMC's prices will stay low for the foreseeable future. Not even Peercoin (the very first PoS coin) has had any luck. NMC and similar cryptos will remain relics of the past, beloved by "nerds" in the crypto community. At least, the NMC blockchain is still functional. It could've been worse, right?

[MAAManda]

To make a bet was a great idea. I already made a monetary bet in Coinex. Today is day 6296 of cryptocurrencies, I bet that when crypto is 12592 days old the price ratio between the first and the second crypto (the first and the second by age) is 100:1 or smaller.
If I lose I, lose x usd. If I win, I win 777x usd.

CoinEx, do they have a prediction market on their platform now?

Okay, forget about CoinEx & the bets you made there, I just think if you do something pointless with it, Bitcoin (BTC) price will not be 1:100 with the second oldest coin, in context here Namecoin (NMC). Never mind 1:100, it's even highly unlikely to be 1:1000 & I think 1:50,000 sounds more reasonable.

[wiked1]

Namecoin is considered the implementation of the BitDNS idea but the first basic altcoin was probably Ixcoin which had an issue with a premine so someone developed I0coin to address the premine. If you are interested in historical altcoins then you might be interested to know the original developer of i0coin (zero not letter o) aka izerocoin has returned to the forum just recently so these coins are not "dead coins" no matter what anyone tells you once they have a working blockchain.

IOCoin, unlike Namecoin, isn't being traded on exchanges. Not according to CoinMarketCap. They've stopped "tracking" its market performance some time ago. Same goes with a few oldies in the crypto space. While Namecoin's idea of a decentralized DNS was innnovative in the early days, we now have several protocols which do the exact same thing. ENS and Unstoppable Domains are one of them. They're deeply-integrated into the Ethereum blockchain. Why would anyone bother downloading and installing the Namecoin Core wallet software, when it's easy to use an existing Ethereum wallet and make use of the decentralized DNS feature?

For this and many other reasons, NMC's prices will stay low for the foreseeable future. Not even Peercoin (the very first PoS coin) has had any luck. NMC and similar cryptos will remain relics of the past, beloved by "nerds" in the crypto community. At least, the NMC blockchain is still functional. It could've been worse, right?

izerocoin has a working blockchain and the original developer from 2011 is currently still carrying out updates while our beloved MarkM who has passed away was very actively using all the old coins like devcoin,ixcoin,i0coin/izerocoin,solidcoin,diamond etc on the galactic mileu and on stellar. It is also still traded on OG exchange Freiexchange which is ran by legends in the crypto community along with all these old coins of lore.

https://freiexchange.com/market/I0C/BTC

https://izerocoin.org/   Blockexplorer: https://i0coin.network/

Big changes will be moving to BLAKE3 across all hashing layers, AuxPoW/merged mining dropped, header expanded to carry UTXO commitment (fast sync without trust), history root (O(log n) header proofs for light clients), and filter root (BIP-157/158 style private SPV).
For extra privacy compact block filters so light wallets can check for their transactions without revealing their addresses to the server. also dandelion++ for the network layer so transactions bounce through random nodes before broadcasting, making it much harder to link a tx to an IP.
Mining retargeted with ASERT (90s blocks). Halvings replaced by 5 I0C perpetual emission.

This will be a complete modernization of the oldest altcoin still running (2011).

[bitgolden]

No idea about the riddles. One thing I know that we have something good going on with bitcoin and the other top 10 ones, people are happy with them, and even on bear market, they go down less than others, and recover quicker than others as well.

So it is a good thing that we have what we have, and thinking about the past and the coins that are no longer with us, will not make you any money.

[justdimin]

No idea about the riddles. One thing I know that we have something good going on with bitcoin and the other top 10 ones, people are happy with them, and even on bear market, they go down less than others, and recover quicker than others as well.

So it is a good thing that we have what we have, and thinking about the past and the coins that are no longer with us, will not make you any money.

Past does not really matter but futures plays an important role. Instead of looking towards past, we should look towards future where we see the real potential of cryptos. Bitcoins are the best choice, not now, not in the past but in future as well. Altcoins have gained popularity after a few millionaires were made out of altcoins. That was the time when people started moving towards altcoins thinking they can make a quick fortune, but these people ignored the risks involved which at the end, made them lose money. I think OP has a similar thinking where he thinks he can make 100x money with altcoins within a couple of months.

OP, this is not possible at least until you are a part of the coin and have built it to scam others. Try considering bitcoins as your primary investment and only think of altcoins if you know how to study about those. Don't rely on a couple of influencers as they will never make you earn profits.

[AVE5]

What exactly are you saying, you can't just create a thread without giving us clear explanation of what you mean otherwise you get everyone confused and making off topic replies, I suggest you add more information to you thread in other to open up the discussion properly, and again you mentioned Bitcoin, so this thread should be on Bitcoin speculation board instead of altcoins discussion that you create the thread, here below 👇 is the right board for this topic.
https://bitcointalk.org/index.php?board=57.0

I mean that in accordance with my opinion only the fact that the coin is first or second (or even third) by age gives it some advantages in comparison of others. This advantage is not big but it is steady - it remains important even after decades.

Note that history isn't repetitive in the exact order in the crypto market price and coins performance, so having that believe that a coin or project which existed before some others gives it the honor to do better than others.
Although like you may point out that it probably gives the coin an advantage to do better than the new ones because the decentralized market determines its long term and potential values specifically on the investors psychological market actions and hypes by the developers.
Bitcoin is a very good reference which is the first crypto currency and most, most dominant and most valuable too.
Other AltCoins had existed with some projects dead and some are holding very low market cap. As we know, Ethereum and it has also been the top leading in the AltCoin market.

[passwordnow]

I bet that the price of the oldest altcoin will be about 1:100 (not 1:1000, not 1:10) in relation to Bitcoin in the long run (in decade horizon).

By that saying of oldest altcoin, that seems to be namecoin. Correct me if I am wrong with that. But what does the ratio you've mentioned means? The exchanges where it is listed is not that much anymore and the volume it has got is about to be dead soon. So, what does it really means you're saying about it in the long run?

Namecoin or whatever, it is not important what is its name. The position of the first alt is that counts.


Where my ratio 1:100 comes from?

Do you imagine a situation where two men (among many others) run for some position in one small country ... The first men is the most famous figure of this country, the second man is his younger brother. The first man will get 66 619 votes. How much votes will get the second man?

Okay, I understand it now. Just like what people are saying about Bitcoin that it's just popular now because it's the first cryptocurrency that's ever born. But with the complicated altcoins market, the first and its order is not that much to think of. And so, the first ones might still get the attention and will have a good community to stand with. Eventually, we'll see that many of it will drop a lot and will be forgotten.

[sana54210]

"Dying"? I thought the health of a Blockchain network is determined by the number of nodes and miners supporting it? Not to mention, how actively-developed the project is. If all centralized exchanges decide to de-list Namecoin, trading can continue on decentralized exchanges (DEX). Market prices are only a concern to those seeking profits. True believers of the coin wouldn't care about the price.

In my opinion, NMC is a useful crypto. If you're considering making a return on your investment, you're better off choosing another altcoin. Smart contract chains (ETH, SOL, BNB, etc.) is are worth considering. To each, their own.

Dying in "price" I am sure is what he meant. I mean I would not presume, but looking at it, doesn't look like anyone would want to continue to invest into it. Surely thanks to blockchain it will continue to exist, but even Luna does exist, not seeing anyone rushing to buy some of that.

Same here, it exists, it is not going away, it is not stopping, it is still around but the reality is that we are not going to really see anything change in this regard, Namecoin will not get any attention from anyone.

[renee25]

Um, as a fellow asperger i will develop more on what OP thinks.

I thought the same long time ago, 1:1 with bitcoin, more useful, that was the concern with altcoins in the early days, we were wrong. but the logic stands.

He is looking at it from a purely technical perspective.
 
1st alcoin, same coin limit number, has merged mining, so it's known and supported by miners. (who dump it for more btc, thats the reason for the low price btw)

First to be developed after btc, but here is the kicker, it wasn't mantained, managed or promoted, it was just an experiement and both the person who commisioned and the person who developed are gone. It seems to be from the same kind of people who had ideas but didn't fully know how to program or improve the code. vu.hu the people surrounding bitcoin inception...

It has always been 0 marketing. Dumped by miners, keept low key and buried by the same stupid people who made thousands of shitcoins. (because they didn't have any stake on it, no one does) And at some point forgotten.
Add to this that most of the exchanges where hacked or taken down, coins lost in the hands of few insiders, investors lost money etc. No one applied to list it anywhere, not the developers.

that's why the price never grow . the current developers have stated again and again that it's opens source, just like bitcoin, but no one is doing pull requests and they are just maintaining it, and fixing a few things in a educational fashion, they are not going to change it. it's  even more inmutable than btc.

i can see the potential. it is there latent. but Only bitcoin miners have the power to awake and fund its developement, unlike most other altcoins, with developement funds and foundations, namecoin is the poor man's linux distro that was forgotten.  

[Abiky]

Dying in "price" I am sure is what he meant. I mean I would not presume, but looking at it, doesn't look like anyone would want to continue to invest into it. Surely thanks to blockchain it will continue to exist, but even Luna does exist, not seeing anyone rushing to buy some of that.

Same here, it exists, it is not going away, it is not stopping, it is still around but the reality is that we are not going to really see anything change in this regard, Namecoin will not get any attention from anyone.

Of course not. No one is going to rush to buy a coin that's widely-unpopular in crypto land. The only ones that are going to buy and support Namecoin, are none other than nerds/geeks, and/or crypto enthusiasts. The rest will carry on as usual with new, experimental altcoins.

Namecoin should've just transitioned into an L2 or sidechain. It would've done much better, as it would rely on Blockchain networks that are well-known in the community. Like an NMC chain linked to BTC or ETH without its native token. Sort of how Coinbase's "Base Network" is doing these days. There are many relics from the past that would've survived if developers took the aforementioned approach. At least, the Namecoin blockchain is still running. That's all that matters.

[RibbonRaptor]

I bet that the price of the oldest altcoin will be about 1:100 (not 1:1000, not 1:10) in relation to Bitcoin in the long run (in decade horizon).

Namecoin could be the first one I can remember, maybe there were others before but that's all I can remember, back in the day we could mine bitcoin and namecoin together at the same time, it wasn't worth much but it was fun. Right now, it is not even in top 800, for some reason it got very low, ranking 820th or something and nobody wants to do anything with it. I do not see why exactly that happened, never was a scam, never got hacked, it was a decent coin that did alright, but then people stopped caring about it.

Yeah, I remember namecoin days also, merge mining with BTC was kinda cool back then but honestly tech alone is not enough in crypto. It didnt die because of scam or hack, more like no adoption, no strong dev activity, no real hype after some time. In crypto if nobody builds and nobody talks, project just slowly fades away.

Also use case was a bit niche, decentralized DNS sounds nice, but now many real users needed it. Then newer projects come with better marketing, better UX and people just move on. Nothings wrong with namecoin maybe, just got left behind. Happens a lot in this space.