“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.
