Topic: How is it possible there are altcoins costing more than BTC? (Read 411 times)
I know 42 coins are quite long and indeed the price is very expensive than the price of bitcoin. That's natural because it has a small supply. Even so, they still can't beat bitcoin.
Volume should be one of the criteria to judge whether a coin is valuable or not. Most of the coins mentioned when compared with Bitcoin have very low volume. So, you cannot imagine buying and finding it difficult to liquidate your fund, when there is a need for it.
Maker and other forks with very low prices are still okay. BSV also has controversies for quite some time.
Maker and other forks with very low prices are still okay. BSV also has controversies for quite some time.
It's all in the numbers. And it doesn't really matter at the end of the day. Altcoins that cost more than BTC will have far less circulating supply.
Look at it this way. If you own 1 US dollar, you own 2 Singapore dollars, or 14,500 Indonesian rupiah;) That's normal right?
Look at it this way. If you own 1 US dollar, you own 2 Singapore dollars, or 14,500 Indonesian rupiah;) That's normal right?
The price of these alts does not really indicate the value and are in no way comparable to bitcoin. Their total or circulating supply is often very low, giving them a small market cap.Also, Investors are not willing most times to take these coins as is often reflected in their trade volume,low trade volumes. The real value for many of them is far from those quoted,it can shed 90 percent in just 24hrs
This is not about the cost of a coin as anyone can create a very low supply to result a high cost, it's about how the project would succeed in the long run. Bitcoin even cost almost worthless from the very start, but we manage to raise up the price because we believe on its potential in the future.
The price of these alts does not really indicate the value and are in no way comparable to bitcoin. Their total or circulating supply is often very low, giving them a small market cap.Also, Investors are not willing most times to take these coins as is often reflected in their trade volume,low trade volumes. The real value for many of them is far from those quoted,it can shed 90 percent in just 24hrs
'There are many of such coins'
Nuh.
There is one other successful rare crypto. The 'hyper-deflationary' craze failed miserably.
42-coin is the only successful deflationary 'instrument' on Planet Krypto. Same dev since its re-launch four years ago. Provides both public and private txes. Got an encryption engine in its QT. Got long-timer community.
Check its 1Y chart. Hundreds of cryptos have not recovered from the spike in Bitcoin dominance that began in April last year. But 42 is outstandingly stable -- almost boringly stable. The community keeps the buy-sell pretty tight. It's traded on three exchanges.
And the world is heading into inflation/hyper-inflation.
P.s.: thanks to those on this thread who made accurate comments.
Nuh.
There is one other successful rare crypto. The 'hyper-deflationary' craze failed miserably.
42-coin is the only successful deflationary 'instrument' on Planet Krypto. Same dev since its re-launch four years ago. Provides both public and private txes. Got an encryption engine in its QT. Got long-timer community.
Check its 1Y chart. Hundreds of cryptos have not recovered from the spike in Bitcoin dominance that began in April last year. But 42 is outstandingly stable -- almost boringly stable. The community keeps the buy-sell pretty tight. It's traded on three exchanges.
And the world is heading into inflation/hyper-inflation.
P.s.: thanks to those on this thread who made accurate comments.
That coin is really scarce for which the price of "42 coin" is really high (around 20k according to your charts). But this doesn't mean that the 42 coin is better or can take over bitcoin. The price doesn't really matter in this case. Look at the market capitalization. Bitcoin easily beats the market capitalization of "42 coins" and the latter coin is far away from the top. Compare the trade volumes too, you will see that bitcoin is one of the most traded crypto currency, where as 42 coins are rarely traded thus showing us that the demand for bitcoin is higher than 42 coin.
It surprises me that many of the posters here don't know basic mathematics. It is not the unit price that matters. In cryptocurrency market, it is the market capitalization that matters. And in that regard, Bitcoin is far ahead of the other coins. Take the case of fiat currency as well. For example, one Kuwaiti Dinar is equal to 3.27 US Dollar. But no one would believe you if you claim that KWD is more powerful than the USD.
That's a good example to show the logic in this case. 42coin though the price is higher than bitcoin, are there many crypto users that are familiar and using this coin? Where can you use this 42coin? They maybe higher in price but the market cap is incomparable to bitcoin.
It surprises me that many of the posters here don't know basic mathematics. It is not the unit price that matters. In cryptocurrency market, it is the market capitalization that matters. And in that regard, Bitcoin is far ahead of the other coins. Take the case of fiat currency as well. For example, one Kuwaiti Dinar is equal to 3.27 US Dollar. But no one would believe you if you claim that KWD is more powerful than the USD.
That's a good example to show the logic in this case. 42coin though the price is higher than bitcoin, are there many crypto users that are familiar and using this coin? Where can you use this 42coin? They maybe higher in price but the market cap is incomparable to bitcoin.
Of course because of Circulating Supply. 42 coin supplyed only 41.99 coin but other hand btc already supply 18.2M so of course this is the main reason why 42 coin value more than btc. I surprised this old coin still in CMC although it's a shit coin and not worthy to invest in my opinion. And clearly price tag don't show projects value. I hope you can more dig about circulating supply here.
Because they have low circulating supply (not many coins are issued), the price of one coin is calculated by this formula: total market cappitalization/ circulating supply. 
It surprises me that many of the posters here don't know basic mathematics. It is not the unit price that matters. In cryptocurrency market, it is the market capitalization that matters. And in that regard, Bitcoin is far ahead of the other coins. Take the case of fiat currency as well. For example, one Kuwaiti Dinar is equal to 3.27 US Dollar. But no one would believe you if you claim that KWD is more powerful than the USD.
Bear in mind that most of these coins with high prices per token when compared with bitcoin comes in small supply and volume. There are many of such coins, the decimals are too much to the extent that most traders even shy away from trading with it. This is how far come the names sound weird to some people.
Well, the real reason is not actually the low level of coins in their market but more probably liquidity as well. It may look 20k and it may have low supply as well and the reality is nobody is buying it for $20k neither so it is a fake currency with no real volume and no liquidity and nobody is buying it or selling it neither.
There was however one that was seriously used and had a higher price as well back in the day, no idea what happened to it but back when bitcoin was around 400 dollars or so there was a coin that was 900 dollars or so and it was "gold" in its name (forgot its name) and that actually has some volume and liquidity as well and was used by people as well, it just vanished after a while though.
There was however one that was seriously used and had a higher price as well back in the day, no idea what happened to it but back when bitcoin was around 400 dollars or so there was a coin that was 900 dollars or so and it was "gold" in its name (forgot its name) and that actually has some volume and liquidity as well and was used by people as well, it just vanished after a while though.
I don't think that you should call 42 coin as an unknown coin,
Maybe it is unknown to most people since only the top altcoins are the one that we most likely see every time but this 42 coin is really a rare coin and known by people who are in this community even before and we must consider its place on coinmarketcap due to its low market cap.
Maybe it is unknown to most people since only the top altcoins are the one that we most likely see every time but this 42 coin is really a rare coin and known by people who are in this community even before and we must consider its place on coinmarketcap due to its low market cap.
Just because Bitcoin is the first of its kind doesn't mean it will be the most costly coin in crypto space, few rare coins have better value than Bitcoin, you can easily spot them using Coinmarketcap, it doesn't mean these coins have fake value or fake volume either, dyor
I hold and trade 42-coin. It is well established. Has steady volume on Livecoin. And listings on Altmarkets and XBTS. Had the same dev, Lasergun, for years.
Please do your homework before you criticise it. Successful rare cryptos are extremely rare. Check its charts on CMC. When Bitcoin's dominance spiked last year, thousands of cryptos steadily lost value. 42 dipped, but then held steady.
Our development goal is to set 42 miners up with renewable energy sources.
Please do your homework before you criticise it. Successful rare cryptos are extremely rare. Check its charts on CMC. When Bitcoin's dominance spiked last year, thousands of cryptos steadily lost value. 42 dipped, but then held steady.
Our development goal is to set 42 miners up with renewable energy sources.
I don't think we need to be stuck in prices because what needs to be seen is daily transaction volume or liquidity. It's useless if the price is good but there are no transactions at the exchanger and we can't sell coins or tokens easily.
Recently I stumbled across some unknown altcoin called 42-coin which is selling at more than $20000 on coinmarketcap. This makes it twice as valuable as bitcoin, and here I use the word "valuable" specifically referring to selling price. Then there are other altcoins like Wrapped Bitcoin and RSK Smart Bitcoin that are nearly as valuable as BTC.
Here is the list of top 10 coins sorted by price. As you can see the list is dominated by weird altcoins:
I get that coinmarketcap is notorious for listing fake trading volumes, but how these coins became valuable while having practically no market cap is dumbfounding.
If you will check closely the graph, the main reason why that two currencies came on top is their circulating supply is very little and these are the other techniques of other projects also to increase their price. Here is the list of top 10 coins sorted by price. As you can see the list is dominated by weird altcoins:
I get that coinmarketcap is notorious for listing fake trading volumes, but how these coins became valuable while having practically no market cap is dumbfounding.
Other projects are keep on burning their extra tokens or even buy again then burn it in order to lessen their circulating supply. The less the supply is the higher the price especially if the demand will also increase. And check also their market capital, they are very far from bitcoin and their only advantage is the price of their currency which is very high and the rest are stumbling.
Looking at how small the circulating supply of 42 coin make its price so expensive. It is also considered as a very rare cryptocurrency because of its price. It is rare because not anyone can afford to purchase one.
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