Not in my opinion. Total market value is too unreliable. I would say how many people are mining it would be a better indicator, and if you look at coinotron, it tells (a biased towards pool miners) but a different story.
If you have 1 million coins and only one person is willing to sell 1 coin and they sell it (or ask to sell it) for $100 then you have a market share of $100 million dollars. It's too variable an indicator to be objective.
wtf? cant tell if serious or...If you have 1 million coins and only one person is willing to sell 1 coin and they sell it (or ask to sell it) for $100 then you have a market share of $100 million dollars. It's too variable an indicator to be objective.
Well, there's certainly plenty of headroom for Terracoin. While LTC will certainly gain some GPU-miner spillover from BTC once ASICs are ubiquitous, TRC has more potential for a rapid and disproportionate gain in network security from where things are today. TRC was the only alternate coin that made out big with the most recent surge in the past two weeks. All others have settled back down close to pre-surge levels.
An interesting comparison would be plotting the USD market value of coins over time rather than comparing to BTC. BTC and the other alternate coins have been around a bit longer then TRC. Were the BTC and LTC markets worth 2,478 BTC * $70/BTC = $173,460 a mere four months from introduction?
no.An interesting comparison would be plotting the USD market value of coins over time rather than comparing to BTC. BTC and the other alternate coins have been around a bit longer then TRC. Were the BTC and LTC markets worth 2,478 BTC * $70/BTC = $173,460 a mere four months from introduction?
I can't argue with that rebuttal, tgsrge. You've convinced me. I'm selling off my TRC.
