Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | Anonymous (alpha) | KGW | No Premine | ASIC Resistant
by
AlexGR
on 28/02/2014, 21:48:36 UTC
Quote from: DaFockBro on February 28, 2014, 09:42:37 PM
Quote from: AlexGR on February 28, 2014, 09:19:53 PM
Quote from: cryptonewbie on February 28, 2014, 08:02:01 PM
What happened to the pump last night?  Just keeps going down.

I think, given the MtGox situation which became official, there is a pull from altcoins to BTC as a salvage operation. It's possible that some investors only have BTCs which were in altcoins as part of their diversification, and perhaps, these invested BTCs were the only thing they've got right now.

The following is from coinmarketcap relative to BTC

3    Litecoin   631,544 BTC   0.02418 BTC   26,122,054 LTC   10,567 BTC   -4.46 %   
4    Auroracoin   340,364 BTC   0.03214 BTC   10,591,226 AUR   978 BTC   +128.36 %   
5    Peercoin   127,243 BTC   0.006007 BTC   21,184,127 PPC   588 BTC   -4.93 %   
6    Dogecoin   106,826 BTC   1.937e-06 BTC   55,152,324,290 DOGE   2,764 BTC   -6.16 %   
7    Nxt   81,003 BTC   8.1e-05 BTC   999,997,986 NXT*   142 BTC   -4.94 %   
8    Mastercoin   49,623 BTC   0.08811 BTC   563,162 MSC*   7 BTC   -9.96 %   
9    Namecoin   48,431 BTC   0.00594 BTC   8,153,492 NMC   686 BTC   -1.69 %   
10    ProtoShares   40,014 BTC   0.02578 BTC   1,552,285 PTS   1,998 BTC   -3.42 %   
11    Counterparty   22,249 BTC   0.0084 BTC   2,648,736 XCP*   63 BTC   +6.71 %   
12    Quark   22,086 BTC   8.919e-05 BTC   247,620,114 QRK   218 BTC   -3.54 %   
13    Feathercoin   13,950 BTC   0.0004003 BTC   34,852,450 FTC   94 BTC   -3.02 %   
14    Megacoin   13,586 BTC   0.0006072 BTC   22,373,400 MEC   170 BTC   -1.37 %   
15    Primecoin   12,580 BTC   0.002728 BTC   4,610,911 XPM   184 BTC   -6.83 %   
16    Infinitecoin   12,377 BTC   1.371e-07 BTC   90,276,565,517 IFC   171 BTC   -4.84 %   
17    Novacoin   9,741 BTC   0.01354 BTC   719,293 NVC   77 BTC   -5.02 %   
18    WorldCoin   8,975 BTC   0.0001927 BTC   46,568,320 WDC   234 BTC   -1.23 %   
19    Vertcoin   6,869 BTC   0.003164 BTC   2,170,750 VTC   201 BTC   -0.77 %   
20    MaxCoin   5,548 BTC   0.0009126 BTC   6,079,392 MAX   474 BTC   -12.39 %   
21    YbCoin   5,331 BTC   0.004792 BTC   1,112,605 YBC   123 BTC   -4.12 %   
22    Mintcoin   5,280 BTC   2.922e-07 BTC   18,067,476,076 MINT   721 BTC   -31.43 %   
23    Devcoin   3,625 BTC   5.672e-07 BTC   6,389,970,050 DVC   30 BTC   -3.92 %   
24    Tickets   3,508 BTC   5.246e-08 BTC   66,876,281,414 TIX   47 BTC   -5.56 %   
25    DarkCoin   3,456 BTC   0.0009848 BTC   3,509,427 DRK   110 BTC   -0.03 %   
26    Zetacoin   2,793 BTC   1.744e-05 BTC   160,157,482 ZET   40 BTC   -0.90 %   
27    Digitalcoin   2,670 BTC   0.0001952 BTC   13,676,401 DGC   56 BTC   -3.81 %   
28    Freicoin   2,630 BTC   6.804e-05 BTC   38,657,408 FRC   8 BTC   -3.70 %   
29    NetCoin   2,388 BTC   1.067e-05 BTC   223,873,786 NET   31 BTC   -9.59 %   
30    Ixcoin   2,304 BTC   0.0001251 BTC   18,413,810 IXC   1 BTC   +0.76 %   



Those percentages are all relative to USD.  

Numerous people have asked to peg those percentages to BTC when viewing the site in BTC mode.  The coinmarketcap.com site editor said he will fix it soon.

I think that would only affect coins which are actually traded in USD, like Litecoin which is a bit off at 0.02418, not coins traded exclusively in BTC as the USD calculation itself is based on the btc:altcoin ratio. Dividing and then multiplying by the same amount (to BTC => to USD => to BTC) gives the same result, so...?