“Crypto currency” word is one of the top searches in 2017; New asset class of 2018. Huge percent of youngsters is already in. I really wonder how people make huge investments based on simple recommendations on youtube, whitepapers or even twitter. One single tweet can take the prices to moon.
In this article i am not recommending any of these coins but i am sure you would definitely start thinking differently while choosing the currency to invest in.
I find people making statements about various currencies which may cross Bitcoin in future. I assume bitcoin is base currency now and being the oldest one in the market will always give an edge to it. Even though, it will be extremely difficult to beat the market cap of Bitcoin, I tried to calculate the estimated prices of few currencies if they ever cross bitcoin market cap and same is illustrated in below table.
I have chosen following 23 different currencies which i think are popular ones. Circulating supply and market cap are the basis of all the calculations. All the data have been taken from different websites which are readily available on internet.
If you look at the table above, Circulating supply/market cap of various currencies have been compared with respect to bitcoin. Consider following:
Coin : Taken currencies which people often talk about
Circulating supply: No. of coins in circulation
Coin/BTC (total Circulating supply) : i.e. how many times that particular coins are in circulation w.r.t. circulating supply of Bitcoin
Assumption (Price if cross Bitcoin Market cap) : Benchmarked Bitcoin price as 12500$ and calculated the price of currency, assuming these coins have potential to cross Bitcoin market cap,
Current price: This is the estimated current price, (data available on various sites)
Potential to rise: Value obtained by dividing current price by assumed ones. I.e particular currency has potential to rise this many times.
Please keep in mind; it is quite obvious, to beat the bitcoin market cap the particular currency has to have a very unique idea behind it. Moreover the uniqueness of that idea/coin/currency must attract the investors for longer term.
For example, Monero is one of the anonymous which is difficult to track hence a unique feature, which can attract huge percentage. Similarly if highlighted ones (or the ones which are not listed here) have unique idea and potential to attract investors, must get a place in your crypto portfolio.
Hope this is better way to choose the currencies for putting your hard earned money than choosing based on someone’s recommendations. For example, many people set the targets of ripple at $100 which looks extremely difficult to achieve if you look at the figures.
Please add your experience along with mathematical calculations (if any) to improve the quality of this article.
There are a lot of assumptions here? Are you just putting the BTC market cap in each coin and saying how much it would cost if it had that much money in each?
Looks like it is copied from somewhere.
I hope you liked the article, i will take your statement as compliment!! thanks!!
yes you are correct !! Only assumption is: Market cap of individual currency touches the market cap of Bitcoin.
Few Currencies have great potential and may cross bitcoin's market cap. (tough it will be a very unusual scenario) but at some point in future, it may happen.
Note : Ofen people talk about many currencies, which can be the next bitcoin, it will happen when price of that coin will cross bitcoin price, i.e. price of the coin multiplied by the total no. of coins = market cap of that particular coin and whenever it matches with that of bitcoin it will automatically cross bitcoin.
Have you considered that coins circulating supply behaviour (increment due to mining or staking) is unique to each other? I mean it seems like behaviour of circulating supply for btc won't be the same with trx (in my opinion). and if I recall correctly not all coins are limited to total supply, several coins or tokens might be unlimited supply. You cannot compare btc with doge I think. Maybe it is reasonable if you compare btc with eth due to its limited supply. However, your post is good. I upvoted you and followed you. I have same interest with you. Come and see my blog, maybe we could share each other and collaborate in doing analysis in crypto. :-) Thank you for sharing nice post.