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No offense but Monero has 3X the volume BCN has. 5K in volume of any crypto is laughable.
Monero's volume is also laughable compared to Darkcoins.
Which is laughable compared to litecoins.
I'm a cryptonote fan ... esp Monero. But it seems to me that all cryptonotes are losing the economic race.
What is important here is not the absolute volume number but the ratio of the volume to capitalization rate. Furthermore this needs to be looked at during both bull and bear markets in the coin. a Healthy ratio is above 1% and is a market indicator of a widely distributed actively traded coin. Take DRK, BCN, and XMR for example
10 Darkcoin DRK $ 9,435,633 $ 1.85 5,099,019 DRK $ 64,759 3.55 % vol/cap = 0.69% fair
19 Bytecoin BCN $ 1,959,401 $ 0.000012 169,166,153,197 BCN $ 5,747 24.74 % vol/cap = 0.29% poor
20 Monero XMR $ 1,783,404 $ 0.293232 6,081,887 XMR $ 19,525 4.67 % vol/cap = 1.09% good
I have seen BCN's volume/cap well under 0.10%. This kind low volume/cap is indicative of a coin where most of the coins are held by insiders, massive pre/ninja/insta mines etc. It is also very common in scammy POS coins.
Even Ripple falls into this trap in a big way
2 Ripple XRP $ 417,857,061 $ 0.013489 30,978,075,200 XRP * $ 682,874 3.57 % vol/cap = 0.16% very poor.
Yes it is
worse than BCN, under this market snapshot, when it comes to control by a group of insiders.
Edit:
18 SuperNET Unity $ 2,060,489 $ 2.52 816,061 UNITY * $ 2,006 1.96 % vol/cap = 0.097% extremely poor. Ouch!
Boolberry BBR another Cryptonote is part of SuperNET. Remember Boolberry?
127 Boolberry BBR $ 58,121 $ 0.019412 2,994,083 $ 127 -0.60 % 4.96 % 4.88 % vol/cap = 0.218% poor
Maybe BCN will overtake UNITY