Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
by
*MrPiP*
on 17/02/2018, 20:12:21 UTC
^lols...try it... Cheesy

imo...I think we could see alot of red around here...40%-60% drop is possible.

The numbers are already calculated on CMC just need to work out the percentages

BTC Market Cap is at 36$  Daily Volume is at 38%
ETH Market Cap is at 18% Daily Volume is at 11%
XRP Market Cap is at 9% Daily Volume is at 5%
BCH Market Cap is at 5% Daily Volume is at 3%
LTC Market Cap is at 2.5% Daily Volume is at 4.3%


Using these numbers

BTC is running at 105% of its Market Cap
ETH is running at 61% of its Market Cap
XRP is running at 55.5% of its Market Cap
BCH is running at 60% of its Market Cap
LTC is running at 172% of its Market Cap


Now as a example I will use U.Cash
This has a market cap of $732,848,366 putting it at #37 but the amount being transacted is just $852,434
The Market Cap is 1.4% but trading is only 0.004%
This means its running at 0.28% of its Market Cap

This is why market cap is a useless metric


Interesting metrics, never thought about this angle.
What is your prediction for BCH? For me it's doing really well, I expected lower price on a long run.