Topic: Isnt it time to give up cryptocurrency ranking - page 4. (Read 524 times)
Ranking is based on how big is the market cap but it does not mean that a cryptocurrency that belongs to the top 20 really are good potential coins for investment in which case you need to study per currency based on the market price chart on how it performed well in the market. There are good altcoins even belong to the top 500 plus cryptocurrency ranking but it is doing good performance in the crypto market. Thus, ranking is not the basis on how good to invest on such cryptocurrency wherein it is just a guide based on marketcap value.
The ranking system is misleading.It makes people think that higher ranked coins have more authority and more trust.An altcoin like ripple can have higher ranking,but it`s still a shitty altcoin,in my opinion.
But that`s the way all the people think.They love Top 10,Top20 or Top 100 lists.They love competition and ranking.
The e-currency rating I understand it is just stable supply and demand stability. Not all high rankings are good because most of what is well received is worth it. It may not be high rank but it is used by the community, it is worth more attention than the good stuff. It's just over at the high transaction level but the community needs the value of serving them to be the most stable. But that`s the way all the people think.They love Top 10,Top20 or Top 100 lists.They love competition and ranking.
Indeces with regards to ranking have different use. Price, Market Cap, Circullation etc all can give you different data about the crypto. However, they are all connected with an equation.
I think Market Cap is the best way to rank coins. I know this can be easily manipulated but which is not.
RIpple is indeed a shitcoin and still be in No.5. This shows that is supported even if it is crap, so for an investor it could be a good piee of information.
I think Market Cap is the best way to rank coins. I know this can be easily manipulated but which is not.
RIpple is indeed a shitcoin and still be in No.5. This shows that is supported even if it is crap, so for an investor it could be a good piee of information.
The ranking system is misleading.It makes people think that higher ranked coins have more authority and more trust.An altcoin like ripple can have higher ranking,but it`s still a shitty altcoin,in my opinion.
But that`s the way all the people think.They love Top 10,Top20 or Top 100 lists.They love competition and ranking.
But that`s the way all the people think.They love Top 10,Top20 or Top 100 lists.They love competition and ranking.
The ranking system is misleading.It makes people think that higher ranked coins have more authority and more trust.An altcoin like ripple can have higher ranking,but it`s still a shitty altcoin,in my opinion.
But that`s the way all the people think.They love Top 10,Top20 or Top 100 lists.They love competition and ranking.
But that`s the way all the people think.They love Top 10,Top20 or Top 100 lists.They love competition and ranking.
ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
From time to time it is some issues with those sites, like payed rating and other. So I will not base my choice only on the rating site. with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
Rank is not gonna give the profit it you. Just like that only we see the shit coin ripple in the top 5 rank mate.
I have noticed many potential altcoins in the market mate. I am not sure why those coins are not being top in the market.
Then price wise also we need to list the coins to find the potential in rate wise mate.
I have noticed many potential altcoins in the market mate. I am not sure why those coins are not being top in the market.
Then price wise also we need to list the coins to find the potential in rate wise mate.
ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
Rankings are always based on the price in the market but i think that the ranks should be based on its popularity because it is always depending on the investors on how the coin will grow in the market.
Ranking by the market cap is coming from traditional markets. I hope we will find another ranking methods to sort crypto currencies.
You are totally right that market cap is a horrible metric to "rank" cryptocurrencies, as it can be easily manipulated.
But the flawed rankings are caused partly because the ranking services (Coinmarketcap et al.) compare apples to bananas. Above all, because they compare complete blockchain projects with tokens which are created out of thin air, at almost no cost, on an existing blockchain.
For example, I would very much like a ranking service which compares only coins that have:
- an own blockchain (similar to the "Coin" table on CMC)
- no premine of any sort (this makes manipulation a lot more difficult, although it's still relatively easy to fake a market cap.)
This would make the ranking a whole lot more fairer. (If such a service exists, please post here
)
I for myself use even the flawed current ranking services somewhat, because they are basing their rankings, at least, on a kind of hard fact. The things you mention, like "management", can be faked even easier than market cap. The problem is: as everybody can create a cryptocurrency and there are thousands of them, how do you separate useful currencies from hobbyist, get-rich-quick and scam projects? (Well, something like BitConnect was ranked pretty high for some time, and I also don't understand the Tron hype, but I think the CMC top-100 contain most useful currencies).
But the flawed rankings are caused partly because the ranking services (Coinmarketcap et al.) compare apples to bananas. Above all, because they compare complete blockchain projects with tokens which are created out of thin air, at almost no cost, on an existing blockchain.
For example, I would very much like a ranking service which compares only coins that have:
- an own blockchain (similar to the "Coin" table on CMC)
- no premine of any sort (this makes manipulation a lot more difficult, although it's still relatively easy to fake a market cap.)
This would make the ranking a whole lot more fairer. (If such a service exists, please post here
)I for myself use even the flawed current ranking services somewhat, because they are basing their rankings, at least, on a kind of hard fact. The things you mention, like "management", can be faked even easier than market cap. The problem is: as everybody can create a cryptocurrency and there are thousands of them, how do you separate useful currencies from hobbyist, get-rich-quick and scam projects? (Well, something like BitConnect was ranked pretty high for some time, and I also don't understand the Tron hype, but I think the CMC top-100 contain most useful currencies).
ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
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