Comparing Bitcoin and Other Cryptocurrencies by 'Market Cap' Can Be Very Misleading

in #bitcoin7 years ago

Although bitcoin was launched as the only cryptocurrency in the world back in 2009, there are now thousands of alternatives that can be traded on various online exchanges. Many cryptocurrency traders track the price of these digital assets on sites like CoinMarketCap.com, but the key metric that is most often used to compare these cryptocurrencies, market cap, can sometimes be misleading.

Having said that, there are a few alternative metrics that can be used to compare the different digital assets found in the world today.

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Yes and where can you go with the abundance of fraudulent websites.

And what are the alternative metrics??
The number of currencies is becoming alarming with ico's everyday.

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