Altcoins on average in the long run will always underperform Bitcoin, remember it. Bitcoin reflects overall market rise and takes benefit from all new coins being listed. And also many altcoins have higher inflation rate than bitcoin. Buy and hold altcoins only if you expect to get at least x3 in fiat in the next year (and maybe even x5 to be safe). Will Syscoin reach 300M market cap? That's a good question, I don't know. It has good potential, but its blockchain doesn't show real transactions. Maybe something will change after Blockmarket is released.
Can you clarify what you mean by "... but its blockchain doesn't show real transactions" please?
https://chainz.cryptoid.info/sys/If you see "1" there, it means just a transaction to pay mining reward, so they don't count. The rest of transactions are real transactions, but there are just too few of them, maybe 10 per hour or less. You can compare it to GameCredits, another currency that is going to be used on a market (gaming in that case).
What you're seeing there is low network traffic, there simply aren't that many transactions being done at the moment. I expect that will change when Bockmarket is released in a few weeks.
No transactions are hidden as far as I know. Is that what you're implying?
Yes that will.change for sure.. we will see full blocks soon
But I have seen NXT market recently. It is not quite popular (I would say not popular at all). What unique will Blockmarket give to users to attract them to use it?
Nxt market was under developed. The developers havent worked on it for years from my understanding. We will reduce barrier of entry through zero knowledge authentication on blockmarket web version.
Here is a review of nxt freemarket vs syscoin marketplace I did a long time ago.. some of that info is dated jfyi:
http://syscoin.org/in-depth-look-at-the-syscoins-decentralized-marketplace-and-comparing-it-to-the-competition/really though syscoin is actually great. But in the real world "great" ideas loose out to mediocre ideas all the time due to lack of marketing or lack of funding.
enter the crypto arena with decentralised funding, that can help as a last resort. But nothing will help marketing except a dedicated group of people working in that specific area. Also there must be an understanding in the syscoin core team that the crypto arena is maturing all the time.
The competition gets better every year. Even Scam coins today show more sophistication than the scamcoins of 2014.
things that win out in the end are hardwork (minus overworking yourself),marketing,marketing, adaptability/innovation, strong community involvement and more marketing.
some years from now syscoin might be at $100 per coin and still not be in the top 30--because of good projects constantly coming up.
the main enemy,i think, is reluctance to change.
anyway...just my two cents. for now syscoin is great and i just hope to see it keeping up with the times and may it continue showing much respect to its community. keep up the good work syscoin peeps.
Great post. We will continue innovating.. actually we have just begun. We now have a front facing corporate entity for approaching and partnering with tech firms and investors. We always look to adapt and stay ahead of the curve. Now that resources are ramping up with addition of new developers we are gaining pace on the research and development side of things and none of that is priced in. Great things to come for those with patience. Props to those who stuck with us from day 1. This ones for you.