By the way, I think we could get a better measure for a coin's "popularity" or "value" than "market cap" if we try to measure its transaction activity. Probably Bitcoin's "dominance" would be much higher.
Coinfairvalue tries something like that, but has some pretty strange valuations ...
Do you mean trading volume? It doesnt seem to be a bad idea. Thats usually done with stocks.
That site lost my interest instantly the moment I saw BCash's "fair" value is $900 instead of the current $500.
Ive been trying to guess how they calculate that fair value but bitcoin has more cap, more transactions, and a higher price than shitcoin cash and, however, according to them bitcoin is overvalued and shitcoin cash is undervalued. Cant see the maths there. Maybe because of the price to earning ration but they are using what's used for stocks and I think it has nothing to do with cryptos.
Anyway, to calculate a fair value of a stock, people never use just one ratio and I suppose in the crypto market it should be done the same way.