Topic: Why are there no new coins in the top 20? (Read 2132 times)

Check XRA. RATEcoin can be in first 50 without any issue.

They are working on some kind of "Grid cluster multipool"

https://bitcointalksearch.org/topic/ann-xra-ratecoin-powpos-no-ico-no-premine-no-ninja-1092273

Looks like best investment right now.

I put a lot of importance on volume, but your rationale of it being important is actually way off.  It's no indication of number of unique users trading the coin - as far as you know it's just cash loaded bots ping-ponging each other. 

Yes, what he said.

I always sort the coinmarketcap by 24hr volume. That to me is much more indicative of a coins popularity and standing... I.e. how much people are actively trading in it.

H.

Because:
If the coin is not minable is like parallel |||||||||||| always a new start and the coin cant get traction because a new more innovative coin will be on market tomorrow version  2.0.4326

If the coin is minable is like serial ---------- you build on top whats there, a new coin cant compete with existing one. If it tries to overcome the handicap it must be some kind of scam or cheat. 

Who knows

A constant flow of new coins just sweeping in and replacing the old ones would be bad, really bad. Why would you bother buying the coin that's coming out in 6 months if it will be replaced with the one coming out in 12 months?

It would be better if altcoiners got behind a couple of the top tier aLTCoins instead of being divided up into oblivion behind hundreds of coins. if you were a die hard bitcoiner how many alts would you want a few really strong ones or a blinding blizzard of hundreds and hundreds ?

I am sorry, that you see that as negative, but I find it good and needed, that the top coins keeping their top position. I guess it will be harder and harder to get to the top position in the next years. The reason is, that people want to have a consensus, which coins will be used in future.
And if top coins loose their top position and die, that means everyone who worked for it, was not payed for the time any more...

Crypto will replace fiat and we will have several payment possibilities.
But there will not be hundreds. Only a few will stay on top, the rest will always stay on a starving position.

I personally also don't like it, that there are every week new coins, that wants to be invested to.
I invested in a lot of coins, just to make sure not to loose any train. But the more coins there are and wants to be invested, the more I have to invest to keep on track. Thats why I don't want the top coins to drop down into the nowhere and always coming new ones.

Every innovation can also be implemented in top coins. Competition is needed, that is true, but that is already there. No need for new companies all the time, if innovators, can join already present ones...

Thanks for compiling this list, to answer your questions I'd say that money is just about to start flowing back into alts. More pumps will come, more pumps will happen and the pumps will be bigger and bigger.
I already see it forming out there. You just need to know where to look.

It used to be that Coinmarketcap had assets listed with alongside coins but then once the number of assets exploded, they took them off the main page and kept them on a separate page. Recently, they changed it again so that assets are listed alongside coins using the default view.

I don't really know a lot about BanxShares but if it has its own currency and blockchain and doesn't depend on another platform then I can see why it would be counted as a coin. I know there have been coins in the past like Sharecoin which were also designed to be backed by profit-generating businesses. Opal is another much more recent example:


Innovation getting ahead of market acceptance can later turn out to be a good thing however - especially after the dust has settled but the underlying technology has been proven to be good. Fred Wilson - a venture capitalist, had this to say about the aftermath of the dot-com bubble:


Perhaps in a decade or two from now, the coins and platforms that were created during the November 2013 bubble hype will grow to become major players in the future crypto economy.

Innovation slowing down is a blessing, I think. There are lots of times when innovation gets ahead of market acceptance, particularly during times of bubbles or near the end of long periods of seemingly permanent prosperity.

Case in point: near the end of the roaring-bubble 1920s, there were primitive televisions - and even primitive TV broadcasts.

AFAIK I read Banxshare will be demoted to the asset page on coinmarketcap.

Otherwise it is true the top 20 consists of years old coins, coins which otherwise have been regurgitating pump money from 2013.  I think the only exception on that list is probably Bitshares, which came out post-MtGox (post-bubble) and its' predecessor PTS wasn't worth much either.

Nice work with the List.
I think what you think
"Is innovation slowing down? Are the days of investors making massive profits by mining or buying into a brand new altcoin early on and having it shoot up in value over?"
Yes, there is no more innovation.
The price will go high when the bitcoin price will go rise. Then it will be interessting, because some cheap coins can massive rise.

Copy-paste coins certainly aren't a new development though. The animal coin and country coin crazes of 2014 saw Litecoin-derived scrypt clones reach enormous market caps just because their devs slapped on a new name and logo to their coin.


I would say that when Litecoin was launched, it did bring added value. However, it was also launched a very long time ago when the altcoin scene looked very different compared to today. Litecoin was able to merge the technical innovation of Tenebrix's scrypt algorithm with the fairness of Fairbrix's distribution while avoiding the latter's inherent bugginess by having the code based directly on Bitcoin. Litecoin allowed CPU miners to mine when Bitcoin mining was dominated by GPUs and then the same for GPU miners when Bitcoin mining shifted to ASICs.

Dogecoin's contribution to the crypto community was probably its innovative marketing rather than any sort of technical innovation.

Because the 99,9% of new alt coins are:
 - copy/paste of other coins
 - no business plan
 - no innovation
 - no funding
 - single person who want to make fast profit


A new coin to become attractive and "power" must have:
 - a business model/plan
 - funding and dev passions
 - idea, idea, idea
 - possibly a team

Because there is no need for the xxxth shitty Bitcoin clonecoin with feature xxx.

IMO It's like a casting. The top 20 are choosen and will now fight for a certain market niche and accumulate all money from the rest.

I think is because you are applying a very short time frame, if you think about the top 20 in general with some exceptions, the whole altcoin world is like an incubator for many ideas and some of these are the ideas that showed substance and actually gained traction.  You can't expect substantial innovations to sprout everyday, so I believe from within that list you are presenting, we will have some successful projects that still have a lot of upside potential.

It is also about timing, timing has been identified as the number one factor why start-ups succeed, also the team behind a project is important. Check out this short Ted Talk (6mins) on why start-ups succeed, I think we should apply a similar analysis to altcoins to identify true potential for success.
 
The factors they found were important for a project success were:

1. Timing

2. Team/Execution

3. Idea

4. Business Model

5. Funding


Bill Gross: The single biggest reason why startups succeed

https://www.youtube.com/watch?v=bNpx7gpSqbY



There are some parallels with cryptocurrency, but I would say in altcoins funding is much more important, as when you are a company you can get funding by looking for investors, when you are a decentralized currency you don't have that option.  The reason why you are not seeing tons of new altcoins is because having a combination of those 5 factors in a way that creates value and specially that you can time correctly is rare.

I would look for altcoins that have the best combination of all those things and invest in that, I think you see the same projects in the top spots for two reasons. You have a first generation of altcoins like LTC and Doge that had the best possible timing with no added value.  And then you have a second generation of altcoins like NXT and Dash that actually bring value and innovation.

I believe that the projects that will be successful are those that can have the best combination of the factors described above. I also feel these projects will come from existing project with a certain seniority and not from brand new ones, mainly because the timing is not right for brand new projects, and because the current generation of altcoin projects still has a lot to bring to the table and potential upside, we are not done with this generation yet.  

You made a completely arbitrary cutoff at "12 months" or whatever (why not 377 days from the last hobo homicide?)...
And you don't understand the difference between cryptocurrencies, crypto assets and payment networks...
Which makes your analysis sloppy and meaningless.

Also, using summer 2013 Alts for anything...
Is like using 19th century data points to analyze the 1950s stock market.

I really wish > 2% of people understood Stats 101...
But then that's what gives Zero Sum Game pros their massive advantage over amateurs.

Maidsavecoin is not a coin is the highest caped asset
Ripple is not a coin is a company, protocol .......

Nice analysis and correlation!
Probably it's true that there is not any type of innovation in the major of alt coins and nobody will invest more resources in a project that will lead to a fail.
Also, when the super coin hype are over, a lot of people stop to trust in the possibility to make some good with altcoin.

because there are no good coins created since long time, most users are making copy paste coins for quick profit
none of them make a good one with some innovation and new technology