DASH out of Top10 CoinMarketCap and Why i Think CMC is Funny!
I did say this many times but this is a good day to mention it again - Coin Market Cap or just Market Cap in crypto means NOTHING!
It can be easily manipulated and it cannot be any way to count on things.
I can create right now a token with trillion coins, get it to my friends exchange and do 1 sale - 1 coin for 1 BTC.
I will get the coin to the tops right away.
Some guys did a similar thing for fun (withotu burning exchange) lately - Paccoin.
Who knows maybe it works and stays good like old coin joke.. DOGE? :)
Top10 CMC
So DASH is out but it means nothing. TRX/ADA just has loads of coins and they pumped so other coins got kicked.
IMHO anon coins and DASH alike will raise this year so watch for grabbing EXCL, HUSH, XMR, XVG, XZC, ZCL, ZEC and alikes right now.
Where to trade those ?
Look at Bittrex, Cryptopia and OpenLedger. A few are on Binance that is closed now and none is on KuCoin yet.
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RT for more views on STEEM:
https://twitter.com/kingscrownBTC/status/950219078328897536
a very good post.
but how do you think about the price of bitcoin that earlier this month is always down the price,
how do you think about it?
It requires all steemians to check and verify. Stay informed.
Look where steem is way down.
Keep on HODL
I always consider market cap to be a falicy. It is supposed to tell you the value of all coins in circulation but takes no account of those fee locked or otherwise burned (although it could be argued that the price already accounts for this).
More importantly, the minute you start to sell some, the price will decrease, so the total number of coins would never be sold for current price.
Having said that, there is not really any better measure!
What about PIVX?
i like it! same as EXCL and other MNs
what is the future of ripple
with the bankers ----> compost bin
Agreed, stellar lumens/ other = better
Doge has turned out to be a very useful coin when transaction the money from one exchange to others because it has less fee and less transaction time.
I think Dash will eventually settle in the top 5. I think SmartCash looks promising as well!
Very interesting observation. Never thought of market cap that way. :D
What about PIVX?
Nice post , thank you for this update. Upvoted @kingjan