Turnover Analysis for the Top 100 Crypto-currencies
Not surprising Tether has the highest turnover (188%) of all the top 100 crypto-currencies. The total trading of Tether is almost 2x it's total market capitalization. Interestingly enough Bitcoin (5.29%) has relatively low turnover given it's leading market capitalization position. Ether / Ethereum (4.24%) trades a bit less than Bitcoins. Both are bested by their respective peers, Bitcoin Gold (20.48%) and Ethereum Classic (21.03%). Interestingly enough EOS (35.34%) and Walton (45.38%) have high turnover relative to their larger size as coins. Both are in the top 20% as a percentile of their top 100 peers. Not surprisingly as the market cap of the coin diminishes so does the turnover of trading.
One interesting currency that has high turnover is Walton. I looked at their video (briefly) and it's has something to do with RFID chips, it should be noted that for RFID chips to work they need exposure to a power-source/sensors to active them. I don't think their business plan of rolling out a bunch of RFID chips and putting them on everything all over the world will work. The business models seems a bit suspect IMHO.
Turnover is defined as the 24 hour dollar volume divided by the current market capitalization. Data was sourced from Coinmarketcap.com.
Sample of actual data:
Congratulations @cyrptoprofessor, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.
The proven road to boost your personal success in this amazing Steem Network
Do you already know that awesome content will get great profits by following these simple steps, that have been worked out by experts?
Congratulations @cyrptoprofessor! You received a personal award!
Click here to view your Board
Congratulations @cyrptoprofessor! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!