Post
Topic
Board Altcoin Discussion
Re: How to identify promising new altcoins!
by
GoingAlt
on 22/03/2016, 07:11:05 UTC
Price is pretty irrelevant, available supply doesn't mean a lot on it's own, but volume is really important.

There are two key things I look at in a newly added coin - the market cap, the volume . . . and most importanly market cap divided by volume. That really tells a story - I like something around a ratio of 100. You won't get this number on CMC, gotta do that in your script.

Where does a non tech person get and run a script like that ?

You'd have to hire someone if you're not technical. Or maybe I should sell mine.

Here's what I got on the last run a few hours ago. This is the kind of thing a script outputs

CMC    Name      Ticker     CAP     Vol    1hr     24hr     1week   Ratio
203    HODLCoin HODLCoin    HODL     68811     604    6.31     23.39     ?   113.9254966887
240    DeBuNe DeBuNe    DEBUNE     32907     28    -0.06     2.47     ?   1175.25
270    C-Bit C-Bit    XCT     16435     566    0.08     9.95     ?   29.0371024735
314    Bubble Bubble    BUB     2245     18    0.07     1.53     ?   124.7222222222
324    Antilitecoin Antilitecoin    ALTC     965     13    0.04     -4.56     ?   74.2307692308
327    Coinaid Coinaid    CAID     839     13    0.06     1.52     ?   64.5384615385
332    Independent Money System Independent ...    IMS     486     28    0.04     4.15     ?   17.3571428571


It's not a guarantee though - in fact I can guarantee some of these are dogs. It's just a starting point for research - you can't write a script for that.