I like Peercoin's features but I just don't see how it can gain market cap relative to BTC when you have Dash and others taking most of it.
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I like Peercoin's features but I just don't see how it can gain market cap relative to BTC when you have Dash and others taking most of it.
CoinMarketCap means very little. Everyone puts so much time and effort into thinking market cap is important. It isn't.
Coinmarketcap.com is a very SMALL indicator of how liquid a coin is... but it's not true. Just because X number of coins exist, and exchanges show trading activity at Y price... doesn't mean if all X coins were sold... they would yield that coincap value.
What coinmarketcap shows is "popularity". It doesn't really reflect scalability, or long term technological feasibility.
It's here where Peercoin shines. Remember AuroraCoin? The official cryptocurrency of iceland. Wow.. it had such a huge coinmarketcap, it was like #4 on the list. What happened? It imploded for number of reasons.
I don't believe Dash will be as important as it is in 10 years. However I think Peercoin will get noticed for it's technological stability. (That's already happening, with PeerAssets and Indicium)
Let me ask you... other then trading and speculation, how many times do you use Dash in your daily life to buy and sell products from the Internet? :)
Dash is nothing more than an idea. It has everyone excited. This is a fad for now. Long term trends aren't apparent yet.
Market cap is highly correlated with trading volume usually.
I don't even own that much Dash right now, I've shuflled some of the bigger coins around into smaller alternatives.
At this point I am looking for a stable alternative to Bitcoin if Bitcoin fails with the UASF.
If Peercoin will be that one, then so be it, I am not really biased. But currently speaking I see more opportunity in Dash than in Peercoin.
That might change of course ,but this is just how I see it now.