Topic: [ANN] CoinGecko.com - 360 Degree Cryptocurrency Valuation and Ranking - page 20. (Read 88098 times)

We are just reading the statistics of Darkcoin available from their official Github open-source code repository here:
https://github.com/darkcoinproject/darkcoin
Not many other developers Watching or Starring this repo compared to Dogecoin.

We are aware that Darkcoin is the first fully anonymous coin. We are working on capturing data on these Technical Innovation on CoinGecko soon.
Thanks for the feedback

This is an interesting site indeed. I don't like the developer score of Darkcoin though. It is the first fully anonymous coin, and it scored less than Dogecoin in that? 

Hi guys!

This week we pushed out three new updates to CoinGecko:

1. We added coin hashing algorithm, coin filter by hashing algorithm and network hash rate to CoinGecko.
   

2. We pushed out Reddit activity measure to count the average number of new post and comments per hour for each coin's subreddit:


3. We added 3 new coins to our list:
- Zetacoin (May 6)
- Communitycoin (May 8 )
- USDe (May 11)

Cheers,
Bobby

Hi guys, here are some updates from CoinGecko:

1. We have added the following coins:
    Digitalcoin (April 13)
    Mintcoin (April 13)
    Unobtanium (April 20)
    Reddcoin (April 21)
    Einsteinium (April 25)
    Goldcoin (April 30)
    Blackcoin (April 30)
    Potcoin (April 30)
    Anoncoin (May 3)
    Fluttercoin (May 3)

2. We have been featured on the following blogs:
    http://coinjoint.info/coingecko/
    http://cryptomining-blog.com/2129-coingecko-a-new-crypto-coin-ranking-website/
    http://www.dailydoge.org/2014/05/01/coingecko/
    http://imaginarymarkets.com/coingecko-launches-worlds-first-non-market-cap-coin-ranking-system/
    http://coinspondent.de/2014/04/09/altcoin-gecko/ (German)

3. We have improved the individual coin page with more information such as hashing algorithm, total supply, introductory video and Twitter feed. Here’s a screenshot of the Litecoin info page:



4. We have also added a coin pricing page with historical 24 hours, 7 days, 14 days pricing data. We also added a currency exchange rate converter on that page so you can convert your coin price into BTC, USD, GBP, EUR etc. Here is a screenshot of the Reddcoin pricing page:



5. We have added a bunch of new metrics on our homepage such as market capitalisation and the constituent metrics of the sectional scores such as Reddit subscribers, Github stars etc. Notice the hashing algorithm under the coin name as well.



We are excited about CoinGecko and the data that we have collected. If you have any feedback, feel free to drop us an email at [email protected]. We are always excited to get an email from our users! Thanks and have a great day ahead!

Hi EdwardWitten, thank you for pointing this out. I overlooked this fact. I've read up further on liquidity risk and learned that trading volume is just one way of measuring liquidity for any assets. Will give this further thought and find a better way to measure liquidity on top of our trading volume.

I have sent you a response on pm.

Liquidity != Volume.

A market can have high liquidity and low volume; liquidity refers to available funds.

chrome_albert --> we have added Mintcoin into our coin ranking website! Go take a look and tell your community members

We have also added Digitalcoin in this current update

hi xtester, yea i totally agree with you on how coins should be evaluated. the long-term factors play a much stronger role in determining price long-term. it is very hard to give any short-term price predictions coz there's a lot of noise. some of my closest friends use the same philosophy as yours in buying/selling altcoins and that's how we got the idea to build CoinGecko. we will be working hard to incorporate this soon

i guess the next most logical question for me to ask u is how would you best evaluate technical innovation? thanks

Hi bobster, you are right that technical innovation is really hard to evaluate objectively and fairly, but that is precisely one of, if not the most important factors which in combination with a strong community and a great dev team would predict or at least be strongly correlated with long term coin success.

For all practical purposes it is almost impossible to predict on a short term basis what a coin will do, but for a long term basis there are few really important things to judge and a lot of secondary ones. As you may know, there's always this power law distribution that seems to govern these kind of situations. So you should try to create create a ranking formula that should emulate reality as close as possible.(There are typically 2-3 factors that are responsible for 80%-90% of the long term outcome and lots of secondary, negligible factors responsible for 10%-20%) Since on the short term this is almost impossible because of the randomness and highly unpredictable events that occur you should focus on long term predictability. This is best done by trying to ignore the noise of the many secondary factors and make sure you don't miss any of the 2-3 very important ones. After you have the important ones and 80%-90% of the long term picture you can slowly add more secondary ones, but that should be the order.

hi xtester, technical innovation is indeed part of our plan. we initially wanted to roll it out in our beta but yanked it out for the time being because it is hard to evaluate technical innovation fairly for each coin because it is somewhat subjective. we are figuring out a way evaluate technical innovation fairly and once we have a method which we are happy we will incorporate it into our ranking.

We plan to add coin supply and inflation in our ranking soon. it's in our to-do so do watch out in the following weeks while we push more updates live.

Thanks for your feedback. Do continue giving us feedback here.

Thank you very much for featuring us! Really appreciate it.

@bobster, this is an interesting project.

However, if you want it to be taken seriously you should put a lot of value on judging the technical innovation of each coin as well as inflation/sustainability of each coin.

Without such important factors taken into consideration, results beside the obvious ones like bitcoin, litecoin, etc, seem almost random.

Very Nice site!  We added it to our Sites We Use.  Great Work!  http://glcbitcoin.com/sites-we-use

Hi HCLivess, really sorry if our messaging for CoinGecko is confusing and isn't clear to you. CoinGecko is a cryptocurrency valuation and ranking website. We think that looking at market capitalisation as a sole metric for evaluating a coin does not tell the full picture abt how worthy a coin is. We think that there are several other fundamental metrics that needs to be used in evaluating the quality of a coin.

One of the metric which we think is fundamental is the developer team. The number of developers working on the coin's source code will tell how excited developers are abt the technical quality of a coin. A more active and large developer team will more likely mean that any bugs in the source code will be fixed at a faster rate. Also more interesting features will be implemented for a coin with a strong developer team. More features will increase the utility and use of a coin therefore potentially increasing the long-term value/price of a coin. We are using Github metrics as a proxy to measuring these criteria.

But having developer team as a sole criteria isn't enough. The community also plays a very important role in disseminating the core message of a coin. A strong community is vocal and supportive in PR efforts. It will help the coin get featured in various media publications. Usually people will be attracted to a coin that is interesting and the community support can be approximated by using metrics such as Reddit subscriber and Twitter follower count. In our first beta iteration, we are only using Reddit subscriber count although we plan to incorporate the other measures soon.

We also think that coin liquidity is pretty important in evaluating a coin. A coin without high liquidity could just mean that its price is artificially set high by the few traders trading the coin. This also show that there is not much interest in a coin.

Thus the mission of CoinGecko is to take into account all these metrics to holistically evaluate the quality of a coin. We attempt to do that using our algorithm to come out with a Gecko Score for each coin. We are still new and have started with just 20 coins though we plan to increase it to more coins in the coming weeks.

Does this help answer your question? Do let us know how we can make our messaging clearer. Thanks a lot!

"What is this??? I don't even"

It's pretty time intensive keeping up to date with all the altcoins. Will keep an eye on how this develops

hi guys, here's some replies to ur queries:

chrome_albert --> this is our first iteration. we will be adding more coins in the next iteration. we will seriously consider adding mintcoin soon


voldermort628 --> that's a brilliant suggestion. thanks! we will be putting it into our to-do feature development

yea we are actually working on incorporating some charts and graphs into our site. we initially had google trends chart in our individual coin page but removed it for our beta launch coz we ran into some embedded javascript complications. we are working on fixing it to put it out onto the website soon again!

qbd1313 --> i know what the guys in Nxt are doing and the philosophy behind Nxt. We are working hard to improve our ranking algorithm. Atm liquidity takes about 1/3 of the ranking algo and Nxt liquidity was low for the day. Also Nxt source code is hosted on bitbucket instead of github like all the other coins. the algo's probably penalising it unfairly. we are working on improving the developer and liquidity metrics. A few days back before launch, Nxt had one of the highest trading liquidity among all altcoins and it was ranking at #3 on CoinGecko.

I think it is just a joke

3     Dogecoin (this copy one,just a suck coin)

14     Nxt （look this one）

Looking at it for a while, some charts and graph would be a great addition. Since i am really interested in looking at trends.