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Understanding Cryptocurrencies - 001 : Normalised Cryptocurrency Prices

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

Bitcoin 71846595682 4347.15 16527287 4347.15

2

Ethereum 31785244668 337.17 94271238 1923.197962

3

Bitcoin Cash 9786171025 591.38 16548025 592.1220479

4

Ripple 7833800272 0.204304 38343841883 473.9919064

5

Litecoin 2936392270 55.77 52647482 177.6693459

6

Dash 2871421205 382 7516770 173.7382067

7

IOTA 2545927440 0.915956 2779530283 154.0438815

8

NEM 2469438000 0.274382 8999999999 149.4158116

9

Monero 2045057957 136.76 14953626 123.7382734

10

NEO 1890550000 37.81 50000000 114.3896152

11

Ethereum Classic

1483027766 15.62 94928358 89.73207557

12

Qtum 880173800 14.92 59000000 53.25579449

13

Lisk 828673288 7.43 111457970 50.1397046

14

OmiseGo 796780613 8.1 98312024 48.21000646

15

BitConnect 731733155 112.06 6529892 44.27424507

16

Stratis 634298099 6.44 98519347 38.37883973

17

Zcash 567550376 276.66 2051444 34.34020212

18

Waves 541244000 5.41 100000000 32.74850857

19

EOS 414651974 1.34 309190266 25.08893166

20

TenX 381021592 3.64 104661310 23.05409182

21

Steem 359824144 1.5 239973953 21.77151906

22

BitShares 353229335 0.135939 2598440000 21.37249356

23

Augur 334706900 30.43 11000000 20.25177514

24

Tether 320261681 1 319501268 19.37775274

25

MaidSafeCoin 278522929 0.615449 452552412 16.85230788

26

Bytecoin 272474183 0.001487 183253534612 16.48632247

27

Factom 266217521 30.44 8745102 16.10775689

28

Golem 246000181 0.295307 833032000 14.88448655

29

Iconomi 239554718 2.76 86900350 14.49449737

30

Stellar Lumens 237089128 0.020577 11522157401 14.34531439

31

Gnosis 217308200 196.73 1104590 13.14844959

32

Byteball 211800395 402.41 526327 12.81519435

33

Binance Coin 210603000 2.11 100000000 12.74274477

34

Siacoin 208503237 0.007211 28916131665 12.61569651

35

Veritaseum 205433361 102.15 2011134 12.4299506

36

Basic Attenti... 205265000 0.205265 1000000000 12.41976375

37

Decred 204971089 36.44 5625047 12.40198037

38

Metal 199554907 10.34 19300994 12.07426887

39

Dogecoin 195827667 0.001767 110824938775 11.8487485

40

DigixDAO 191776200 95.89 2000000 11.60361044

41

Civic 176612320 0.519448 340000000 10.68610474

42

Status 174291166 0.050221 3470483788 10.545661

43

Ark 174221376 1.79 97163192 10.54143829

44

Gas 173271784 20.98 8258549 10.48398228

45

0x 169647000 0.339294 500000000 10.2646611

46

PIVX 165369760 3.05 54151948 10.00586243

47

Monaco 159873448 16.29 9813786 9.673302581

48

Populous 149249801 3.62 41252246 9.030508213

49

GameCredits 148220708 2.32 63965712 8.968241914

50

Komodo 146296290 1.45 100945510 8.851803082

51

Ardor 138129662 0.138268 998999495 8.357673101

52

MCAP 134390614 1.6 84117155 8.131438269

53

Bytom 134164452 0.197129 680592162 8.117754112

54

DigiByte 111722505 0.01278 8742253657 6.759881704

55

Bancor 109493913 2.69 40772871 6.62503852

56

Nxt 109029859 0.109139 998999983 6.596960469

57

Blocknet 99419488 25.08 3964853 6.015475377

58

FunFair 98138216 0.02556 3839463249 5.937950736

59

Nexus 97496651 1.88 51984351 5.899132205

60

Aragon 95425904 2.84 33605167 5.77383959

61

ICO 92243300 0.922433 100000000 5.581272958

62

Lykke 91449389 0.342484 267017989 5.53323658

63

district0x 85266000 0.14211 600000000 5.159104456

64

SingularDTV 84283200 0.140472 600000000 5.09963916

65

MobileGo 83962526 0.856508 98028887 5.08023646

66

Cofound.it 80196350 0.246758 325000000 4.852360221

67

AdEx 77894298 1.46 53253776 4.713072266

68

BitcoinDark 77155028 59.86 1288862 4.668341997

69

SysCoin 74939140 0.142172 527101960 4.534267481

70

Ubiq 71332138 1.89 37780652 4.316022224

71

Storj 71263652 0.886349 80401345 4.311878411

72

Particl 68975988 8.98 7683249 4.173461016

73

Metaverse ETP 68484554 3.03 22600000 4.143726312

74

NoLimitCoin 67643492 0.332609 203372405 4.092837016

75

Pillar 66697120 0.119102 560000000 4.035575833

76

Bitquence 64315812 0.908825 70768093 3.891492415

77

DECENT 63602619 1.24 51306089 3.84833996

78

Asch 61392525 0.818567 75000000 3.714616017

79

Stox 60997904 2.06 29600000 3.690739079

80

Edgeless 60245030 0.734281 82046288 3.645185686

81

Wings 59379112 0.661913 89708333 3.592792453

82

FirstBlood 57273115 0.669404 85558371 3.465367002

83

Emercoin 53366475 1.31 40589353 3.228991848

84

iExec RLC 52186644 0.659999 79070793 3.157604996

85

Peercoin 50379722 2.07 24289920 3.048275376

86

Counterparty 47527989 18.15 2617959 2.875728424

87

LEOcoin 46256098 0.522459 88535364 2.798771389

88

Melon 44939535 74.97 599400 2.719111431

89

Numeraire 43538701 34.77 1252303 2.634352571

90

Rialto 39999207 0.520975 76777594 2.420191953

91

Round 38774705 0.045617 850000000 2.346102237

92

Elastic 38555082 0.448195 86023008 2.332813728

93

Mothership 38452820 0.274663 140000000 2.326626264

94

FirstCoin 38001749 5.89 6453992 2.299333762

95

TaaS 37040599 4.55 8146001 2.241178422

96

Vertcoin 36937802 0.949137 38917250 2.234958587

97

Gulden 36783704 0.104618 351600145 2.225634734

98

Verge 36593511 0.002729 13409472280 2.214126916

99

TokenCard 35580521 1.5 23644056 2.152834945

100

Quantum Resis...

35204520 0.67701 52000000 2.130084629

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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