Post
Topic
Board Altcoin Discussion
Re: Litecoin is officially dead
by
TheMage
on 26/08/2014, 04:50:00 UTC
Litecoin IS officially dead and the BitsharesX is rapidly catching up to it. BitsharesX is the most innovative cryptocurrency to date that is why it has risen so much over the last few days.


Hate to point out the terribly obvious, but I do believe if you are using coinmarketcap as a metric you might want to get the calculations correct. Unless I am very wrong in this, I highly doubt 2 billion coins are in circulation. Ergo the "market cap" looks more akin to Auroracoin holding back, what was it 90% of the market, and inflating values by restricting coins from the market yet coinmarketcap still counts them.

I guess at the end of the day coinmarketcap is a horrible metric to utilize.