Post
Topic
Board Altcoin Discussion
Re: I'm dumping Nxt and here's why you should too
by
inBitweTrust
on 18/01/2015, 16:33:20 UTC
I am inclined to believe that NxT will continue its downward trend of losing marketshare in the crpto currency ecosystem however, but am open to changes.

How do you measure marketshare? Don't say that you visit http://coinmarketcap.com, Paycoin at #4 is enough to prove that marketshare can't be measured this way.

Unfortunately, for the cryptocurrency eco-system that PoS scam coin does deserve a high market share as they have a large and loyal following and high liquidity. I would suggest their standing is artificially elevated above others due to manipulation in the monetary supply, but the same could be said about NxT where a few whales control most of the supply and the liquidity is pathetic.

Your point is still valid, as there are other indications to test market share like:
Merchant adoption, user adoption(very difficult to measure accurately), Venture capital investments, development involvement.

Google trends wont be accurate at all because NxT is mainly affiliated with WWE in searches.

One could use Alexa ranking though:

bitcoin.org  Global rank 13,074
http://www.alexa.com/siteinfo/bitcoin.org

bitcointalk.org  Global rank 4,405
http://www.alexa.com/siteinfo/bitcointalk.org

http://nxt.org  Global rank 451,998
http://www.alexa.com/siteinfo/nxt.org

nxtforum.org Global rank 197,055
http://www.alexa.com/siteinfo/nxtforum.org

paycoin.com   Global rank 138,714
http://www.alexa.com/siteinfo/paycoin.com

hashtalk.org    Global rank  28,827
http://www.alexa.com/siteinfo/hashtalk.org


Thus much to our chagrin paycoin has stolen marketshare/mindshare from NxT as the evidence has provided.