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Charlie Lee [LTC⚡]
This is what the top 30 coins look like if using VWMC (Volume Weighted Market Cap). See for more info on VWMC.
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Barry Dutton  |  $EOS  $BTC  #Liberty  #EOS 8 Feb 17
Replying to @SatoshiLite
Great stuff. I said similar in my 2 articles recently on Steemit I wrote about ! (U never see out of the top 10)
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Dario, CEO of a website⚡️ 8 Feb 17
Interesting. But 24h doesn't mean much
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Oscar M Rivera 8 Feb 17
Replying to @SatoshiLite
It's an idea that REALLY makes sense
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Charlie Lee [LTC⚡] 8 Feb 17
Replying to @paul_btc @theonevortex
You can always use a weighted 24hr volume for the last month. That will help smooth out daily movement
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BIG Al, I HIT DINGERS!!!! 8 Feb 17
Replying to @SatoshiLite
so basically only the coins listed on poloniex?
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Sam Mandel 8 Feb 17
Replying to @SatoshiLite
good idea but i think maybe you should work out monthly vol in the formula & bring that 1% basis to the actual rate 1/2
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Dario, CEO of a website⚡️ 8 Feb 17
was writing the same
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Sam Mandel 8 Feb 17
Replying to @SatoshiLite
to get a more accurate number. Also why have the upper limit of 1 on the multiplier?
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Charlie Lee [LTC⚡] 8 Feb 17
Replying to @samalex97
You mean use monthly volume and with 30% of marketcap instead of daily with 1%?
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Charlie Lee [LTC⚡] 8 Feb 17
Replying to @samalex97
You don't want volume to increase the actual marketcap. It can only decrease if a coin has low liquidity.
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cinnamon_carter 8 Feb 17
Replying to @SatoshiLite
What source/stats are you using for volume ? Overall your theme is valid. Lack of liquidity is an issue.
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Charlie Lee [LTC⚡] 8 Feb 17
Replying to @cinnamon_carter
Just using data.
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Sam Mandel 8 Feb 17
Replying to @SatoshiLite
mm.. just noticed for coincap they give 24h vol. china volume for 30d dataset is still showing fake vol so cant use that yet.
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Sam Mandel 8 Feb 17
Replying to @SatoshiLite
with more data this could be a crazy useful set. Know if altcoins have a chart like this?
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Charlie Lee [LTC⚡] 8 Feb 17
Replying to @samalex97
well not that it matters much because China only has btc and ltc data
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Sam Mandel 8 Feb 17
Replying to @SatoshiLite
if you compare the alt tx volume with btc as base that would probably be the most accurate vwmc
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Charlie Lee [LTC⚡] 8 Feb 17
Replying to @samalex97
but most coins are not necessarily used for value transfer. So this comparison is uselss.
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Charlie Lee [LTC⚡] 8 Feb 17
Replying to @SatoshiLite
This will correctly "punish" coins that purposely lock up liquidity thereby decreasing float to pump up "martketcap". XRP STEEM
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Godson [Eyes-Emoji: Altcoins] 8 Feb 17
Replying to @SatoshiLite
yes coblee cos faking volume on a high premine won't get around this. Accept it ur shitcoin is declining stop moving the post.
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