This user sums up how I feel perfectly. In fact he explained it better then I ever could . The big bold red letters at the bottom hit the nail on the head.
Investopedia 101Seems like Ethereum is on her period
It´s still priced at almost 700 million dollars. That´s some serious money.
ETH still got a very solid marketcap and volume in crypto standards
Market cap is not a measure of anything real such as liquidity because for example
if just 1% of the supply of Dash was sold it would cause the price to drop 99% whereas only 20% for Monero.
Market cap is not even a measure of how much has been invested in the coin. For example, I create 1 million tokens, then execute one transaction to buy 1 token from myself for $100. No one invested $100 million. Duh!
Much of the volume can be fake due to insiders buying from themselves to create pump of the price, which is especially true in ICO and insta/premine coins (i.e. scams).
ETH is not even a hundredth of Bitcoin's market adoption:
I thus suggest an idea for a new metric for ranking altcoins.
Sqrt(M x H)
M = Mean transactions fees paid per unit time to decentralized proof-of-work miners
H = hash rate (normalized in electricity cost per hash to SHA256).
Using
M = Sent avg. per hour, H = Hashrate (normalized):
| Coin | | Relative Adoption | | Ratio | | Adoption-adjusted Market Cap |
| 1.Bitcoin | 6.5×10¹² | 1 | $6.4 billion |
| 2.Namecoin | 8.6x10¹⁰ | 1/76 | $85 million |
| 3.Ethereum | 6.6x10¹⁰ | 1/99 | $65 million |
| 4.Litecoin | 1.3x10¹⁰ | 1/500 | $13 million |
| 5.Dash | 9.8x10⁹ | 1/663 | $10 million |
| 6.Blackcoin | 7.4x10⁸ | 1/8784 | $0.7 million |
| 7.Dogecoin | 6.1x10⁸ | 1/10656 | $0.6 million |
| 8.Auroracoin | 5.8x10⁶ | 1/1120690 | $5,931 |
| | | |
I edited the table above so readers can see the "Adoption-adjusted Market Caps".
You can see how pitiful the altcoins are.
Edit: your investment money is being siphoned off into the pockets of the insiders of these coins. None of it is achieving any significant adoption.