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Topic: [TOP 20] Market cap over/undervalued (Read 1024 times)

hero member
Activity: 2436
Merit: 503
Cryptocasino.com
June 22, 2020, 11:04:52 PM
#16
I think marketcap in it own way is fairly accurate in terms of coin volume The problem mostly arise from 24-hrs traded volume I really have my doubts on that part I just feel like some exchange are manipulating their data one way or the other but then again it has nothing to do with coinmarketcap except the exchanges..When reading that table maybe use some fundamental analysis to it
that's true if some exchange sites were doing it but it has already removed by the binance team and that looks good to see that happens right now. Binance was not putting CMC team under the same company to avoid the possibility for binance make any intervention
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
June 22, 2020, 05:56:55 AM
#15
At the current status of the market now, I would say it's more of undervalued than overvalued, so you are at the right timing to accumulate if you would wish to. I can't recommend of any coin because I don't want to be bias, just a simple tip, if it's already listed in exchange, look for coins with good liquidity.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
June 22, 2020, 03:43:10 AM
#14
both parties can manipulate. but so far the case that we often see is manipulation that is often exchanged rather than CMC. but it seems that CMC needs to select exchanges that are entitled to their list more strictly and also assets with better criteria. because now everything can be bought with money resulting in manipulation can be very easy to do.

Both parties can but CMC never really needed to do so,,, they were earning very well from their banners ads I remember the prices were quite high even before all the CZ and Binance takeover.

But anyway, does not matter as those of us who know we do not care
full member
Activity: 1120
Merit: 101
June 21, 2020, 11:06:06 PM
#13
I think marketcap in it own way is fairly accurate in terms of coin volume The problem mostly arise from 24-hrs traded volume I really have my doubts on that part I just feel like some exchange are manipulating their data one way or the other but then again it has nothing to do with coinmarketcap except the exchanges..When reading that table maybe use some fundamental analysis to it
both parties can manipulate. but so far the case that we often see is manipulation that is often exchanged rather than CMC. but it seems that CMC needs to select exchanges that are entitled to their list more strictly and also assets with better criteria. because now everything can be bought with money resulting in manipulation can be very easy to do.
full member
Activity: 1470
Merit: 103
COMBO 2.0
June 21, 2020, 06:34:01 PM
#12
I think marketcap in it own way is fairly accurate in terms of coin volume The problem mostly arise from 24-hrs traded volume I really have my doubts on that part I just feel like some exchange are manipulating their data one way or the other but then again it has nothing to do with coinmarketcap except the exchanges..When reading that table maybe use some fundamental analysis to it
legendary
Activity: 2506
Merit: 1394
June 21, 2020, 08:47:05 AM
#11
And I was wondering if these marketcaps were legitimate regarding to potential use of the currency/project in the best case scenario ?
I'm also surprised that the ETH marketcap was catching up with the BTC one.
For me, those market caps are just estimated, they are not accurate.
But it's good than nothing, you can use those market caps to examine particular cryptocurrency, especially if a particular cryptocurrency got a huge market cap, then it is much lot trading volume or more people holding that cryptocurrency.
Speaking of Ethereum which is currently the second-highest market cap, and is it already expected since for me, it's the second much better cryptocurrency after Bitcoin.
hero member
Activity: 1876
Merit: 512
June 19, 2020, 02:33:55 PM
#10
Ethereum seems to be the token people feel is undervalued, the prospect of DEFI has returned people's enthusiasm around the project regaining its previous highs but truth to be told the coming Ethereum 2.0 platform would determine the price action. The concern I have with Ether price now is that there are many competing platform now that can do what Ethereum does
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
June 18, 2020, 01:58:58 PM
#9
I was wondering if these marketcaps were legitimate regarding to potential use of the currency/project in the best case scenario ?
Not just you, almost everyone here is having the doubts about the possible manipulation and misleading by the ranking of marketcap based things. I am 200% sure these ranking are definitely not indicating about the actual potential of those coins. Simply, if we use these marketcap sites just for reference purposes then we can avoid all later on hassles otherwise we might end up messing things in uncontrolled manner as well.

I'm also surprised that the ETH marketcap was catching up with the BTC one.
Do not be surprised when it will be happening because ethereum is not having upper limit on total supply. So, even its value is not doing good, it can get into top second (as of now) and may try to beat bitcoins in future. This one simple example, how marketcap is not a worthy data to interpret while analyzing the potential of coins and tokens.
member
Activity: 558
Merit: 11
umachit.fund
June 18, 2020, 06:08:39 AM
#8
I'm also surprised that the ETH marketcap was catching up with the BTC one.
To understand the value of Ethereum you need to know the details about Ethereum. See this link for full details https://www.investopedia.com/terms/e/ethereum.asp .
Ethereum is a completely beautiful project that runs on blockchain. Some of Ethereum's specialties have brought it to second place in the cryptocurrency market. In my opinion, it is not surprising that the volume is almost equal to Bitcoin.
legendary
Activity: 1904
Merit: 1277
June 18, 2020, 05:52:17 AM
#7
I was wondering if these marketcaps were legitimate
Marketcap should really just be treated as an approximation. It can be a useful guide as to how important a project is, but be wary of relying on it too much, it is a simplification and never tells the full story.

I'm also surprised that the ETH marketcap was catching up with the BTC one.
I wouldn't be surprised. ETH is actually quite low against BTC relative to the ATH. Back in mid-2017, ETH price was around 0.14 BTC. Now it is around 0.025... about a fifth of what it was a few years ago.
ETH was probably overpriced in 2017 at the height of ICO-fever, but fell hard during the long bear market that started in 2018. Perhaps harder than was justified. I think that ETH is probably underpriced against BTC right now, and as market confidence returns and ETH progresses to its new PoS system, we could quite reasonably anticipate ETH marketcap rising, and getting closer to that of BTC.
newbie
Activity: 61
Merit: 0
June 18, 2020, 03:47:46 AM
#6
Do your own homework instead rea on CMC.

According to the stats of WorldCoinIndex these are the deveopment of the top 20 coins:

https://i.imgur.com/o9VCjQS.png
sr. member
Activity: 1092
Merit: 250
Hodlers Network
May 30, 2017, 04:07:50 PM
#5
Hi everybody,

I was looking at the marketcap of the 20 first coins on https://coinmarketcap.com/.
And I was wondering if these marketcaps were legitimate regarding to potential use of the currency/project in the best case scenario ?
I'm also surprised that the ETH marketcap was catching up with the BTC one.

PS: Sorry for my poor english.

do your own research about the TOP 20 coin on coinmarketcap..
and look at the best exchange that listed the coin,, sometimes each exchange have different price,,
because as i know the value on coinmarketcap is average value from all exchange that listed that coin
sr. member
Activity: 280
Merit: 250
May 30, 2017, 07:10:43 AM
#4
Marketcap is simply price multiplied by advertised outstanding shares. Whether there's a bunch of shares locked up in big hands or unrecoverable addresses or not is irrelevant. For example, something like 20% of the above ground gold is held by large governments. There's still a large amount of NEM locked up in supernodes and the development fund.  There's a wallet of 80,000 BTC that hasn't been used ever and is likely lost....

https://docs.google.com/spreadsheets/d/1xTROekDerP1TPOB3SOD_1bbQr580BPqbhF3YHdO96pw/edit#gid=189298223


All stocks' marketcaps are determined in this manner.  Of course if everyone tried to cash out all their stock at once, they'd never get out the total marketcap because market caps are more like a game of musical chairs... it requires balanced supply and demand.   Even a slight increase in supply at any given moment would crash the share price unless the sellers set limit orders and refuse to sell below a certain price and don't start trying to outmaneuver each other with lower sell orders. Sell when everything is stable, like right now during this dead cat bounce when people are complacent and rhinos have large buy orders in place. You can then sell a bigger lump and have the market absorb it which is easier to do than during a crash. Smiley
newbie
Activity: 27
Merit: 0
May 30, 2017, 06:33:37 AM
#3
But according to coinmarketcap, there is no significantly premined coin in the top 20.
To go back to the subject, I know that the whole Ethereum sphere is promising but i'm still doubtful regarding the current market topping 20B billions.
sr. member
Activity: 686
Merit: 251
I'm investigating Crypto Projects
May 30, 2017, 05:43:32 AM
#2
Hi everybody,

I was looking at the marketcap of the 20 first coins on https://coinmarketcap.com/.
And I was wondering if these marketcaps were legitimate regarding to potential use of the currency/project in the best case scenario ?
I'm also surprised that the ETH marketcap was catching up with the BTC one.

PS: Sorry for my poor english.

On some of these coins the market cap is a lie forexample if I make a coin and I premine 99% of it and list it on the exage say a million was sold (in fiat dollars) they will multiply with the coins I pre-mind and show huge market cap when it's just a lie.
newbie
Activity: 27
Merit: 0
May 30, 2017, 05:40:57 AM
#1
Hi everybody,

I was looking at the marketcap of the 20 first coins on https://coinmarketcap.com/.
And I was wondering if these marketcaps were legitimate regarding to potential use of the currency/project in the best case scenario ?
I'm also surprised that the ETH marketcap was catching up with the BTC one.

PS: Sorry for my poor english.
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