Understanding Cryptocurrencies - 001 : Normalised Cryptocurrency Prices

gokulnk (63)in #cryptocurrency • 7 years ago (edited)

Answer to the question : https://steemit.com/cryptocurrency/@gokulnk/understanding-cryptocurrencies-001-decode-the-table

The following table should be self satisfactory. Take a look at different columns in the table and you should get a sense of the answer already. If you don't read the description after the table.


1	Bitcoin	71846595682	4347.15	16527287	4347.15
2	Ethereum	31785244668	337.17	94271238	1923.197962
3	Bitcoin Cash	9786171025	591.38	16548025	592.1220479
4	Ripple	7833800272	0.204304	38343841883	473.9919064
5	Litecoin	2936392270	55.77	52647482	177.6693459
6	Dash	2871421205	382	7516770	173.7382067
7	IOTA	2545927440	0.915956	2779530283	154.0438815
8	NEM	2469438000	0.274382	8999999999	149.4158116
9	Monero	2045057957	136.76	14953626	123.7382734
10	NEO	1890550000	37.81	50000000	114.3896152
11	Ethereum Classic	1483027766	15.62	94928358	89.73207557
12	Qtum	880173800	14.92	59000000	53.25579449
13	Lisk	828673288	7.43	111457970	50.1397046
14	OmiseGo	796780613	8.1	98312024	48.21000646
15	BitConnect	731733155	112.06	6529892	44.27424507
16	Stratis	634298099	6.44	98519347	38.37883973
17	Zcash	567550376	276.66	2051444	34.34020212
18	Waves	541244000	5.41	100000000	32.74850857
19	EOS	414651974	1.34	309190266	25.08893166
20	TenX	381021592	3.64	104661310	23.05409182
21	Steem	359824144	1.5	239973953	21.77151906
22	BitShares	353229335	0.135939	2598440000	21.37249356
23	Augur	334706900	30.43	11000000	20.25177514
24	Tether	320261681	1	319501268	19.37775274
25	MaidSafeCoin	278522929	0.615449	452552412	16.85230788
26	Bytecoin	272474183	0.001487	183253534612	16.48632247
27	Factom	266217521	30.44	8745102	16.10775689
28	Golem	246000181	0.295307	833032000	14.88448655
29	Iconomi	239554718	2.76	86900350	14.49449737
30	Stellar Lumens	237089128	0.020577	11522157401	14.34531439
31	Gnosis	217308200	196.73	1104590	13.14844959
32	Byteball	211800395	402.41	526327	12.81519435
33	Binance Coin	210603000	2.11	100000000	12.74274477
34	Siacoin	208503237	0.007211	28916131665	12.61569651
35	Veritaseum	205433361	102.15	2011134	12.4299506
36	Basic Attenti...	205265000	0.205265	1000000000	12.41976375
37	Decred	204971089	36.44	5625047	12.40198037
38	Metal	199554907	10.34	19300994	12.07426887
39	Dogecoin	195827667	0.001767	110824938775	11.8487485
40	DigixDAO	191776200	95.89	2000000	11.60361044
41	Civic	176612320	0.519448	340000000	10.68610474
42	Status	174291166	0.050221	3470483788	10.545661
43	Ark	174221376	1.79	97163192	10.54143829
44	Gas	173271784	20.98	8258549	10.48398228
45	0x	169647000	0.339294	500000000	10.2646611
46	PIVX	165369760	3.05	54151948	10.00586243
47	Monaco	159873448	16.29	9813786	9.673302581
48	Populous	149249801	3.62	41252246	9.030508213
49	GameCredits	148220708	2.32	63965712	8.968241914
50	Komodo	146296290	1.45	100945510	8.851803082
51	Ardor	138129662	0.138268	998999495	8.357673101
52	MCAP	134390614	1.6	84117155	8.131438269
53	Bytom	134164452	0.197129	680592162	8.117754112
54	DigiByte	111722505	0.01278	8742253657	6.759881704
55	Bancor	109493913	2.69	40772871	6.62503852
56	Nxt	109029859	0.109139	998999983	6.596960469
57	Blocknet	99419488	25.08	3964853	6.015475377
58	FunFair	98138216	0.02556	3839463249	5.937950736
59	Nexus	97496651	1.88	51984351	5.899132205
60	Aragon	95425904	2.84	33605167	5.77383959
61	ICO	92243300	0.922433	100000000	5.581272958
62	Lykke	91449389	0.342484	267017989	5.53323658
63	district0x	85266000	0.14211	600000000	5.159104456
64	SingularDTV	84283200	0.140472	600000000	5.09963916
65	MobileGo	83962526	0.856508	98028887	5.08023646
66	Cofound.it	80196350	0.246758	325000000	4.852360221
67	AdEx	77894298	1.46	53253776	4.713072266
68	BitcoinDark	77155028	59.86	1288862	4.668341997
69	SysCoin	74939140	0.142172	527101960	4.534267481
70	Ubiq	71332138	1.89	37780652	4.316022224
71	Storj	71263652	0.886349	80401345	4.311878411
72	Particl	68975988	8.98	7683249	4.173461016
73	Metaverse ETP	68484554	3.03	22600000	4.143726312
74	NoLimitCoin	67643492	0.332609	203372405	4.092837016
75	Pillar	66697120	0.119102	560000000	4.035575833
76	Bitquence	64315812	0.908825	70768093	3.891492415
77	DECENT	63602619	1.24	51306089	3.84833996
78	Asch	61392525	0.818567	75000000	3.714616017
79	Stox	60997904	2.06	29600000	3.690739079
80	Edgeless	60245030	0.734281	82046288	3.645185686
81	Wings	59379112	0.661913	89708333	3.592792453
82	FirstBlood	57273115	0.669404	85558371	3.465367002
83	Emercoin	53366475	1.31	40589353	3.228991848
84	iExec RLC	52186644	0.659999	79070793	3.157604996
85	Peercoin	50379722	2.07	24289920	3.048275376
86	Counterparty	47527989	18.15	2617959	2.875728424
87	LEOcoin	46256098	0.522459	88535364	2.798771389
88	Melon	44939535	74.97	599400	2.719111431
89	Numeraire	43538701	34.77	1252303	2.634352571
90	Rialto	39999207	0.520975	76777594	2.420191953
91	Round	38774705	0.045617	850000000	2.346102237
92	Elastic	38555082	0.448195	86023008	2.332813728
93	Mothership	38452820	0.274663	140000000	2.326626264
94	FirstCoin	38001749	5.89	6453992	2.299333762
95	TaaS	37040599	4.55	8146001	2.241178422
96	Vertcoin	36937802	0.949137	38917250	2.234958587
97	Gulden	36783704	0.104618	351600145	2.225634734
98	Verge	36593511	0.002729	13409472280	2.214126916
99	TokenCard	35580521	1.5	23644056	2.152834945
100	Quantum Resis...	35204520	0.67701	52000000	2.130084629

Index

Column 1 : Position of the Coin in Cryptocurrency Market
Column 2 : Coin Name
Column 3 : Total Market Cap in USD
Column 4 : Price in USD
Column 5 : Total coins in Circulation
Column 6 : Market Cap / 16527287(Current circulation of Bitcoins)

After reading the index you must have already figured out what it means and why Column 6 is important. If you didn't read further.

Observations :

For Row1 you will see that the Column 4 and Column 6 are same, establishing the formula Market Cap = Circulating Supply * Price.
Column 6 is created to get a Representative price of each coin. The premise for this is "If the Circulating Supply for each of the altcoins were same as that of Bitcoin which is 16527287, What would the price of those altcoins be?"
In real you see that the actual circulating supply of Bitcoin Cash is 16548025 which is more than Bitcoins 16527287. So that means more BCC were mined after the fork than BTC. That is interesting.
If the circulating supply of Ethereum was same asa that of Bitcoin, then bitcoin would have been priced at 1923 USD now.
This makes more sense especially for coins like Bitshares which is priced 0.135939 USD now, but if you normalise the circulating Supply then the current normalised price would be 21 USD. I always thought that the Bitshares was underpriced in comparison to the coins in that range of #20 to #25. But these normalised prices show that they are all at the similar normalised prices.

What are your thoughts? Though I know that Market Caps should give the same idea, I feel that it is difficult for people to remember the Market Caps. So if sites could put up these prices as effective prices it might give a better sense of true value of the currency with respect to value of Bitcoin. What do you think? Do you have any other better indicators that you use?

#altcoins #charts #trends