suggestion:
It would be great to see a chart for Total Market Cap (at the bottom).
Even better, it could have 2 lines: one for total market cap, but also one for bitcoin's market cap. That way you could visualize the gap between all altcoins and bitcoin, to see if altcoin market is growing or not (ie the gap gets bigger over time?)
Great idea. I'm in the process of revamping the site, so expect to see some new features in the near future.
Not all "premines" are necessarily bad. Not all alt-coins are crap. Let the market decide.
I'm wondering how much Solarcoin is a factor in this myself.
Listen, there's no perfect way to do this.
Yes, premined coins which are held in reserve can make a coin appear higher in the rankings. However, that's really irrelevant, because if all of those premined coins were dumped on the market at once, the coin would drop to the bottom of the rankings. There's no way to know how many coins are available. You just don't know who owns them and what their intention is.
You can look at the blockchain and see total supply, and you can look at the exchanges and see price. Everything else is conjecture.
Sure, make an option to filter out coins with sizable premines, just like you can filter out non-minable coins.
Coinmarketcap is a cool site and I check it daily. Keep up the good work.
This is how I feel. All coins deserve to be listed, it's just a matter of presenting the information that's fair and consistent. Adding filters just feels like a bandaid to me and is not a real long term solution.
My comment is aimed at the bold section in markymarks post. You are adressing the issue there. If the premined coins had been in sirculation the price would not have been the same. That is exactly why the premine cant be a part of the marketcap.
Regarding auroracoin you can fix it really easy. Auroracoin got a counter at their webpage with the number of realeased coins from the premine. Update the total number of coins a few times every week and you have the real data and the real marketcap.
I thought about the Auroracoin fix, but what if the other country coins don't give out the number released info?
on the new charts, there is a blue line for price, yellow for market cap
they overlap nearly 100% most of the time.. but sometimes there is a gap between them (see AUR right now)
what does that gap signify?
The coins are being distributed at a faster pace than the price is dropping?
Yeah probably. Since marketcap is based on total supply, and the total supply (usually) changes slowly over time, there might be a slight difference.
I'll be the first to admit that I don't understand the technicalities on an API. But if there is a technical reason why Allcrypt was removed from the market feed for SLR, then it needs to be fixed.
It was there yesterday, all day. Allcrypt counts for 95% of the volume of SLR and is actively traded on that exchange. The $US trade volume for the past 24 hours at current levels is 380,115 shares X 0.00001850 BTC =
7.03 BTC, well over $3000 a day. The correct value! This puts SLR at rank #52 when sorted by daily trade volume!!! But you are showing $24 instead because you removed Allcrypt from the feeds and are only using Bittrex.
Seriously, WTF is going on??? Allcrypt was being used all day yesterday and last night, now it's removed? If you purposefully removed Allcrypt from the feeds for SLR, then you need to come up with one helluva good reason for doing so. I sure can't think of one.
Here is what I think happened: Last night the volume spiked as a miner came in to take profits. The price got pushed down to 800 satoshis and after the miner was done, rallied right back up to 2000 satoshis. If you do the math on this for the last 24 hour period, the only thing that would have happened is that SLR no longer fit the 0.001% of trade volume restriction and SHOULD have been moved from the "Low Volume" section into the regular listings, according to your own criteria.
But rather than do that, you just removed Allcrypt from the feeds. Sound about right???
I didn't remove anything, it was probably an API issue. It seems resolved now though.
Thanks, but these APIs have already been integrated.