What rate is crypto market cap adding alts?

davis196

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Quote from: jubalix on October 21, 2018, 08:23:45 AM

I would like to know the rate of cmc is adding alts and the cap of those alts.

its up to 2112 now, and was 2000 not so long ago, I feel this is distorting market cap, as a very long tail is developing.

Coinmarketcap admin won't reveal this info,because 99% of the altcoins are just a bubble full of thin air. Angry

The market caps doesn't matter anymore.The only important thing for the shitcoin devs is to pay 2-3 crypto exchanges to list their shitcoin and create some fake reputation,that thier shitcoin is "legit".

lx001

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Quote from: exstasie on October 22, 2018, 02:38:09 PM

Don't they have a minimum volume threshold? Last year, a coin needed $10K daily trading volume to get listed on CMC. I heard it was raised to $100K earlier this year.

I guess they don't have a similar delisting policy? That would probably fix this whole issue.

There is no volume requirement anymore, now the coin just needs to be traded on at least 2 exchanges which are present on Coinmarketcap. They delist only confirmed scams like Centra or Bitconnect.

1Referee

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It's funny how they add more coins during a declining market where altcoins are hit the hardest, probably to not let Bitcoin's dominance increase too much.

I used to say that CMC is a noob website and market caps don't matter (which it technically is), but it seems that as long as enough people (noob or not doesn't matter) think it does matter, it will actually matter.

Prime example of how important CMC is, was how XRP got pumped to just hop over Ethereum on that site, and that was the perfect shorting opportinity I thought, which it turned out to be, but I didn't short unfortunately. I am not keen on shorting anything that's experiencing serious bullish momentum, because more often than not it works against you.

exstasie

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Quote from: rickadone on October 22, 2018, 12:32:38 PM

There are even coins like bitsilver or swing or mooncoin and what not that has hundred bucks of volume and still listed there because they exist. As long as it exists somewhere than it is listed on coinmarketcap because why shouldn't it.

Don't they have a minimum volume threshold? Last year, a coin needed $10K daily trading volume to get listed on CMC. I heard it was raised to $100K earlier this year.

I guess they don't have a similar delisting policy? That would probably fix this whole issue.

rickadone

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Quote from: jubalix on October 21, 2018, 08:23:45 AM

I would like to know the rate of cmc is adding alts and the cap of those alts.

its up to 2112 now, and was 2000 not so long ago, I feel this is distorting market cap, as a very long tail is developing.

As long as the coin is listed on an exchange and has a volume it is added right away. There is no reason not to add a coin just because it is new or it is not used as much anymore. There are many coins like swisscoin that got even dilluted down when it was one satoshi so potentially people who had one swiss coin ended up with less than one satoshi which should have been impossible but they managed to do it and with that in mind its still at coinmarketcap because and the volume is close to half a bitcoin right now.

There are even coins like bitsilver or swing or mooncoin and what not that has hundred bucks of volume and still listed there because they exist. As long as it exists somewhere than it is listed on coinmarketcap because why shouldn't it.

javadsalehi

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The total market capitalization is always considered when the market is analyzed. But it is not considered that, new altcoins are helping the total market capitalization to rise. So, It's a good idea to have a diagram showing the rate of change in number of cryptocurrencies and also the money ICOs are adding to the market.

exstasie

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Quote from: jubalix on October 21, 2018, 08:23:45 AM

I would like to know the rate of cmc is adding alts and the cap of those alts.

its up to 2112 now, and was 2000 not so long ago, I feel this is distorting market cap, as a very long tail is developing.

I think it's becoming obvious to more and more people how ridiculous it is, and how little meaning the "total market cap" has at this point. The best way to rank coins is by volume traded, minus the zero-fee churning. Volume is much more indicative of investor/trader interest than coin supply is.....

rodalutor

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This would be quite interesting but I don't think it's distorting the overall market cap by very much. Most new coins have a small market cap, even if we say it's an average of 10m (which I think is far too generous) that would mean that each new token is adding about 1/20,000 to the market cap, not too relevant.

YuginKadoya

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I really think it is OK for Coinmarketcap to let a Coin stay in their list, I really think this is a good way to see the history of each coin and what price does it enter, Well even if that certain coin becomes a shit coin for me it brings nostalgia in seeing each and every old coin that once become stable with a high price before that become a great memory for me, But I think the list goes on an on and still increasing as time passersby.

Bardman

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Quote from: Jating on October 22, 2018, 04:04:49 AM

Quote from: jubalix on October 21, 2018, 08:23:45 AM

I would like to know the rate of cmc is adding alts and the cap of those alts.

its up to 2112 now, and was 2000 not so long ago, I feel this is distorting market cap, as a very long tail is developing.

Yeah, would be interesting to see those stats as well but perhaps this is the closest that we can see from them, https://coinmarketcap.com/new/. So someone can take that data and make a graph for us, that will be good. Grin

What's really funny is you can see a lot of shitcoins being pump 100%, LMAO, so they really distorts the total marketcap, however, we all know that marketcap is not a good gauge to look at a pointed out by @cellard.

I see top 20 coins with 1m or even less volume in 24 hours, that's pathetic. Also every once in a while you see a coin with like 40k volume going to the top 100.
https://coinmarketcap.com/currencies/dentacoin/#charts

This coin has 75m market cap? Lmao.

buwaytress

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All centralised tracking services do it the same way... Some basic criteria as a guideline, but ultimately down to the discretionary judgment of the guys behind it. Just need to search for those "unhappy" with CMC's seemingly discriminatory exclusion of some data to understand that what you see is not and will never be the correct picture... Or the full one.

Not an issue for me, or for most. It's a public service and they have their agendas and objectives, not necessarily pandering to ours.

xtrump101

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$onion

Quote from: jubalix on October 21, 2018, 08:23:45 AM

I would like to know the rate of cmc is adding alts and the cap of those alts.

its up to 2112 now, and was 2000 not so long ago, I feel this is distorting market cap, as a very long tail is developing.

i think its not about rate of frequency for as long as a start-up meet the required criteria to be listed it will be listed, just like on coincodex the counterpart of coinmarketcap is also listing new coins that meets their criteria..

Jating

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Quote from: jubalix on October 21, 2018, 08:23:45 AM

I would like to know the rate of cmc is adding alts and the cap of those alts.

its up to 2112 now, and was 2000 not so long ago, I feel this is distorting market cap, as a very long tail is developing.

Yeah, would be interesting to see those stats as well but perhaps this is the closest that we can see from them, https://coinmarketcap.com/new/. So someone can take that data and make a graph for us, that will be good. Grin

What's really funny is you can see a lot of shitcoins being pump 100%, LMAO, so they really distorts the total marketcap, however, we all know that marketcap is not a good gauge to look at a pointed out by @cellard.

jubalix

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Quote from: cellard on October 21, 2018, 02:23:57 PM

Quote from: jubalix on October 21, 2018, 08:23:45 AM

I would like to know the rate of cmc is adding alts and the cap of those alts.

its up to 2112 now, and was 2000 not so long ago, I feel this is distorting market cap, as a very long tail is developing.

This would be a good graph to look at. Unfortunately it seems coinmarketcap is not keeping track of this Maybe we should send the admin an email and hopefully he has saved all the stats in a log, so we could create a graph and correlate with other variables.

I believe altcoins were going up at an exponential rate until the 20k peak, then when all the noobs started selling I assume new alts started going down in % of new releases.

It definitely distorts the reality of things. Most altcoins are dead, but bots and irrelevant amount of trading still happens. The sum of all these zombie-coins creates a delusion of value in the altcoin market and diminishes bitcoin % domination, when the reality is bitcoin may be near 80% marketcap again if you don't count all the shitcoins.

I think if they can do the same for wash trade on zero fees they should be able to do this or have some sort of slider to take out alts below vol (x) or cap (x).

cellard

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Quote from: jubalix on October 21, 2018, 08:23:45 AM

I would like to know the rate of cmc is adding alts and the cap of those alts.

its up to 2112 now, and was 2000 not so long ago, I feel this is distorting market cap, as a very long tail is developing.

This would be a good graph to look at. Unfortunately it seems coinmarketcap is not keeping track of this Maybe we should send the admin an email and hopefully he has saved all the stats in a log, so we could create a graph and correlate with other variables.

I believe altcoins were going up at an exponential rate until the 20k peak, then when all the noobs started selling I assume new alts started going down in % of new releases.

It definitely distorts the reality of things. Most altcoins are dead, but bots and irrelevant amount of trading still happens. The sum of all these zombie-coins creates a delusion of value in the altcoin market and diminishes bitcoin % domination, when the reality is bitcoin may be near 80% marketcap again if you don't count all the shitcoins.

jubalix

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I would like to know the rate of cmc is adding alts and the cap of those alts.

its up to 2112 now, and was 2000 not so long ago, I feel this is distorting market cap, as a very long tail is developing.

Topic: What rate is crypto market cap adding alts? (Read 253 times)