Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
profitofthegods
on 16/01/2015, 15:30:04 UTC
LTC - A complete useless altcoin - 54,000,000 marketcap
PayCoin - Such a bad joke on greedy people - 46,000,000 marketcap

Ethereum - ~6,600,000 marketcap

nuff said



Totally agree - Etheruem will be able to handle quite a lot of dilution from mining whilst still looking reasonably priced compared to those. I'd also add Stellar - a fairly shoddy fork of Ripple with nothing unique apart from the fact that its mainly distributed to fraudsters who set up multiple facebook accounts for the giveaway - at $17,000,000

this is not correct, there are about 60 Million Ether, the current ethercoin represents 1 million of them, valued at about $1 or so.  thus the market cap of Ethereum, using the value of the proxy ethercoin, is $60 Million, not $6 Million.

Oh, ok thanks for the clairification. To be honest though, that still seems good to me if its $1 million at current supply, if thats what you mean, and $60 million once everything has been mined. If you look at something like Stellar it would be $457 million with the total supply on the market, if the price per unit remained the same. Ripple would be $1.6 billion.

Generally I prefer to consider the marketcap to be based on current supply rather than total supply, because if your using the price now and considering the value now it doesn't make sense to me to use the future coin supply. Of course you have to take future growth compared to supply inflation into consideration though.