Understanding Cryptocurrencies - 001 : Normalised Cryptocurrency Prices

in #cryptocurrency3 years ago (edited)

Answer to the question : https://steemit.com/cryptocurrency/@gokulnk/understanding-cryptocurrencies-001-decode-the-table

The following table should be self satisfactory. Take a look at different columns in the table and you should get a sense of the answer already. If you don't read the description after the table.

1
Bitcoin718465956824347.15165272874347.15
2
Ethereum31785244668337.17942712381923.197962
3
Bitcoin Cash9786171025591.3816548025592.1220479
4
Ripple78338002720.20430438343841883473.9919064
5
Litecoin293639227055.7752647482177.6693459
6
Dash28714212053827516770173.7382067
7
IOTA25459274400.9159562779530283154.0438815
8
NEM24694380000.2743828999999999149.4158116
9
Monero2045057957136.7614953626123.7382734
10
NEO189055000037.8150000000114.3896152
11
Ethereum Classic
148302776615.629492835889.73207557
12
Qtum88017380014.925900000053.25579449
13
Lisk8286732887.4311145797050.1397046
14
OmiseGo7967806138.19831202448.21000646
15
BitConnect731733155112.06652989244.27424507
16
Stratis6342980996.449851934738.37883973
17
Zcash567550376276.66205144434.34020212
18
Waves5412440005.4110000000032.74850857
19
EOS4146519741.3430919026625.08893166
20
TenX3810215923.6410466131023.05409182
21
Steem3598241441.523997395321.77151906
22
BitShares3532293350.135939259844000021.37249356
23
Augur33470690030.431100000020.25177514
24
Tether320261681131950126819.37775274
25
MaidSafeCoin2785229290.61544945255241216.85230788
26
Bytecoin2724741830.00148718325353461216.48632247
27
Factom26621752130.44874510216.10775689
28
Golem2460001810.29530783303200014.88448655
29
Iconomi2395547182.768690035014.49449737
30
Stellar Lumens2370891280.0205771152215740114.34531439
31
Gnosis217308200196.73110459013.14844959
32
Byteball211800395402.4152632712.81519435
33
Binance Coin2106030002.1110000000012.74274477
34
Siacoin2085032370.0072112891613166512.61569651
35
Veritaseum205433361102.15201113412.4299506
36
Basic Attenti...2052650000.205265100000000012.41976375
37
Decred20497108936.44562504712.40198037
38
Metal19955490710.341930099412.07426887
39
Dogecoin1958276670.00176711082493877511.8487485
40
DigixDAO19177620095.89200000011.60361044
41
Civic1766123200.51944834000000010.68610474
42
Status1742911660.050221347048378810.545661
43
Ark1742213761.799716319210.54143829
44
Gas17327178420.98825854910.48398228
45
0x1696470000.33929450000000010.2646611
46
PIVX1653697603.055415194810.00586243
47
Monaco15987344816.2998137869.673302581
48
Populous1492498013.62412522469.030508213
49
GameCredits1482207082.32639657128.968241914
50
Komodo1462962901.451009455108.851803082
51
Ardor1381296620.1382689989994958.357673101
52
MCAP1343906141.6841171558.131438269
53
Bytom1341644520.1971296805921628.117754112
54
DigiByte1117225050.0127887422536576.759881704
55
Bancor1094939132.69407728716.62503852
56
Nxt1090298590.1091399989999836.596960469
57
Blocknet9941948825.0839648536.015475377
58
FunFair981382160.0255638394632495.937950736
59
Nexus974966511.88519843515.899132205
60
Aragon954259042.84336051675.77383959
61
ICO922433000.9224331000000005.581272958
62
Lykke914493890.3424842670179895.53323658
63
district0x852660000.142116000000005.159104456
64
SingularDTV842832000.1404726000000005.09963916
65
MobileGo839625260.856508980288875.08023646
66
Cofound.it801963500.2467583250000004.852360221
67
AdEx778942981.46532537764.713072266
68
BitcoinDark7715502859.8612888624.668341997
69
SysCoin749391400.1421725271019604.534267481
70
Ubiq713321381.89377806524.316022224
71
Storj712636520.886349804013454.311878411
72
Particl689759888.9876832494.173461016
73
Metaverse ETP684845543.03226000004.143726312
74
NoLimitCoin676434920.3326092033724054.092837016
75
Pillar666971200.1191025600000004.035575833
76
Bitquence643158120.908825707680933.891492415
77
DECENT636026191.24513060893.84833996
78
Asch613925250.818567750000003.714616017
79
Stox609979042.06296000003.690739079
80
Edgeless602450300.734281820462883.645185686
81
Wings593791120.661913897083333.592792453
82
FirstBlood572731150.669404855583713.465367002
83
Emercoin533664751.31405893533.228991848
84
iExec RLC521866440.659999790707933.157604996
85
Peercoin503797222.07242899203.048275376
86
Counterparty4752798918.1526179592.875728424
87
LEOcoin462560980.522459885353642.798771389
88
Melon4493953574.975994002.719111431
89
Numeraire4353870134.7712523032.634352571
90
Rialto399992070.520975767775942.420191953
91
Round387747050.0456178500000002.346102237
92
Elastic385550820.448195860230082.332813728
93
Mothership384528200.2746631400000002.326626264
94
FirstCoin380017495.8964539922.299333762
95
TaaS370405994.5581460012.241178422
96
Vertcoin369378020.949137389172502.234958587
97
Gulden367837040.1046183516001452.225634734
98
Verge365935110.002729134094722802.214126916
99
TokenCard355805211.5236440562.152834945
100
Quantum Resis...
352045200.67701520000002.130084629

Index

Column 1 : Position of the Coin in Cryptocurrency Market
Column 2 : Coin Name
Column 3 : Total Market Cap in USD
Column 4 : Price in USD
Column 5 : Total coins in Circulation
Column 6 : Market Cap / 16527287(Current circulation of Bitcoins)

After reading the index you must have already figured out what it means and why Column 6 is important. If you didn't read further.

Observations :

  1. For Row1 you will see that the Column 4 and Column 6 are same, establishing the formula Market Cap = Circulating Supply * Price.
  2. Column 6 is created to get a Representative price of each coin. The premise for this is "If the Circulating Supply for each of the altcoins were same as that of Bitcoin which is 16527287, What would the price of those altcoins be?"
  3. In real you see that the actual circulating supply of Bitcoin Cash is 16548025 which is more than Bitcoins 16527287. So that means more BCC were mined after the fork than BTC. That is interesting.
  4. If the circulating supply of Ethereum was same asa that of Bitcoin, then bitcoin would have been priced at 1923 USD now.
  5. This makes more sense especially for coins like Bitshares which is priced 0.135939 USD now, but if you normalise the circulating Supply then the current normalised price would be 21 USD. I always thought that the Bitshares was underpriced in comparison to the coins in that range of #20 to #25. But these normalised prices show that they are all at the similar normalised prices.

What are your thoughts? Though I know that Market Caps should give the same idea, I feel that it is difficult for people to remember the Market Caps. So if sites could put up these prices as effective prices it might give a better sense of true value of the currency with respect to value of Bitcoin. What do you think? Do you have any other better indicators that you use?

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Thanx! Upvoted and resteemed :)

Thanks. All resteems get a 100% upvote from me :)

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