Crypto Ramblings: My topmost valuable cryptocurrencies today

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Avatar for Jnavedan
3 years ago

Preliminary ramblings

It's been a week since I posted my last article on read.cash and any other social media platform. I correct, I keep writing in noise.cash with short content but I try to make it interesting for the noisers with whom I share daily.

This does not mean that I was inactive, on the contrary, I spent my time reading and analyzing interesting articles on read.cash from the authors I usually follow, as well as browsing newbie posts. I often wonder, when do you stop being a newbie to the blockchain world? I never cease to be amazed at the vast and dynamic carousel you embark on when exploring the emerging world. Also, the authors may be new to the use of the platform, but many of them show great intelligence and knowledge in their writing to contribute to the community. Of course, you also run into some who only seek to violate the rules. Sooner rather than later they go into exile.

I am tempted to write about my recent reading experience, but I think I would act a little self-centered, and I don't see anything wrong with it! Share my thoughts about it, as a summary from my point of view, although as a wanderer, several ideas flutter that by themselves give content to articles.

If you've read some of my crypto ramblings, you know that I focus on Bitcoin Cash (BCH). So this time it will not be the exception. On this occasion, I go to the interesting article written yesterday by @CryptoMax where he makes a healthy criticism of the Investopedia publication on the supposed top 10 of the most important cryptocurrencies today, excluding Bitcoin Core (BTC).

In this sense, I share many of @CryptoMax's objections. If you want to read them you can go to his article at the following link:

https://read.cash/@CryptoMax/investopedias-top-10-most-important-cryptocurrencies-in-review-cc1a9cb6#1-ethereum-eth-here039s-what-i-think

Perhaps it is exaggerated in inferring lack of objectivity in the Investopedia article. Of course, without a guaranteed technical competence, who believes me to doubt the ranking presented. I admit that I would write non-objectively about it myself when I am a Bitcoin Cash (BCH) enthusiast.

A brief comparison

People love to compare things, in the case of cryptocurrencies it is evident that to determine which ones are convenient to invest and make money. Interestingly, they invest in something that is itself a candidate for money, and that was born to replace fiat money. With the passing of the decade, the scopes have diversified in definition and uses. In this sense, many of these go beyond the eminently monetary.

I am not exempt from the taste for comparison, besides wandering also implies rehearsing and exploring without much methodological rigor, so I said to myself, ยซand if I compare the top 10 of Investopedia with a report generated by the CoinFairValue site. Of course, I do not know the criteria of Investopedia, you just have to get carried away by the reputation of the site that reflects the perspective of the information of the main exchanges.

Comparison of the top 10 cryptocurrencies (INVESTOPEDIA AND COINFAIRVALUE)

Table prepared by the author

You will have noticed in the table above that the currencies that appear in the CoinFairValue column are ordered by the reasonable capitalization deducted by the applied methodology, as I understand, it excludes speculation (see the table below - without the reference fiat currencies USD and EURO).

Top ten cryptocurrencies by CoinFairValue

Note: This is an educational exercise based on information from the CoinFairValue website. In no case does it represent or commit those responsible for the aforementioned site, nor to be taken as a financial or inversion recommendation. So I urge you to do your own research.

With concern, I note that BCH came out of the top 10 of the rating ordered by market capitalization. On the pages of the main cryptocurrency exchanges, it is located at fourteen. I wonder, is this a worrisome position? I think not, by the interesting application developments and the increase in transactions that it is experiencing. Although care must be taken for campaigns to the detriment of its promotion observed in some social networks aligned with BTC.

Note: BCH has not been in the top 10 for the first time since this year.

Now when you sort by reasonable market capitalization, the picture changes. If fiat currencies are excluded from the table, BCH is second to BTC. I am still trying to understand this situation. I am certain that BCH is superior to BTC in terms of amount and speed of transactions, and of course, at a low cost of the fee, ideal for mass adoption.

Source: https://www.coinfairvalue.com

By sorting the table by the current market price, BCH enters the top 5. Remember that this price is determined by the supply of currencies in the market and the market capitalization. It is interesting to see two cryptocurrencies that I am not aware of at all that outperform ETHER. So it's a good idea to do your homework studying it.

Source: https://www.coinfairvalue.com

By sorting cryptocurrencies by fair value BCH enters the top 3. Only beaten by BTC and an unknown yearn.finance. I have to study it, although its name must be associated with a type of DEFI, I would not be surprised if it was on the ETHEREUM platform.

Source: https://www.coinfairvalue.com

As you may have noticed and much to your chagrin, if you are a BCH enthusiast, BTC still leads almost every position when you order with these metrics. But Which cryptocurrency ranks second? In this sense, I prepared a report with the Investopedia and CoinFairValue currencies, ordering it under a few simple criteria. The methodology, simple. Sort the currencies by an average of positions in the metrics presented in the previous tables, whose best value will be the closest to position 1; If it is not in the top 10, it will be assigned a value greater than the number of cryptos considered, in this case, 15.

Let me show you an example.

Bitcoin Cash (BCH)

  • Market Cap: 15

  • Fair capitalization: 4

  • Price: 5

  • Fair value: 3

Average: 6.75

The fact that BCH is not in the top ten for market capitalization spoiled its average.

Top cryptocurrencies obtained by the author based on CoinFairValue (Preliminary)

Table prepared by the author

Final ramblings

Are you disappointed with my top 14 most valuable cryptocurrencies?

I admit it, me too. I'd like to see BCH at the top of all metrics, but data is data. Also, consider that these data fluctuate dynamically, volatility is the norm.

However, in this matter, the data can be misleading. The data make up the information, although there is data that is itself information. Look at the comments column of the table, they express a summary of the purpose of the crypto. In this sense, it helps to clarify the panorama and if you put the magnifying glass, you can be pleasantly surprised.

By way of opening your mouth for the next article, I ask you, which of the cryptos in the presented rating are serious candidates to replace fiat money? Also, how many hidden gems are waiting to be discovered among the more than eight thousand cryptocurrencies?

I have something pretty clear, neither BTC nor ETHER can compete with BCH for mass adoption. Try to pay for a coffee with BTC or ETHER, unless you have money to spare, you can only pay for the coffee every time you have enough for the cost of the network, crazy fee cost.

For this reason alone, BCH is the most valuable for common and domestic use. I think that's what it's all about.

BCH is second to no one; will soon be at the top despite the obstacles.

An original article by @Jnavedan

Image byย Gerd Altmannย onย Pixabay

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3 years ago

Comments

I see as competitors to Bitcoin Cash coins like Dash, Litecoin and Monero. However, none of these are performing lately. Dash and Litecoin are forgotten and the communities have shrinked a lot. Monero is interesting, but the delisting from Bittrex brought on the surface regulatory concerns. I see nothing else able to compete with Bitcoin Cash, and it won't be long before the price of BCH will represent its actual value.

$ 0.05
3 years ago

Hi, @Pantera

Yes! I am quite aligned with your opinion. I closely follow your articles, they are objective and with valuable information. Dash, Litecoin, and Monero seem to be the fiercest competitors, but I suspect they won't be able in the end. Of course, this will merit a topic to develop a new article. Maybe you dare to write it.

Have a great weekend.

$ 0.00
3 years ago

Didn't know much about other's but your experience and opinion made me think to do research on these you provided information and really it's appreciated I'm also trying to write re search based and experience articles well deserved and appreciated one keep posting

$ 0.00
3 years ago

Didn't know much about other's but your experience and opinion made me think to do research on these you provided information and really it's appreciated I'm also trying to write re search based and experience articles well deserved and appreciated one keep posting

Hi, my friend.

Very happy to see your comment on this thread. Your articles are fresh and entertaining, I usually read them, of course, as I start to read other authors it happens to me like you; I have to save it for when I have enough time.

Thanks for stopping by.

$ 0.00
3 years ago

Great content from a technical standpoint, the biggest challenges investors face can range from controlling the impulsiveness to the frailty of compulsion. Most newbies and investors often undermine and neglect the importance of technical analysis to trading Technical analysis overly predicts the movement of asset prices regardless of what is happening in the broad market. In essence, the process involves studying the paths of a particular asset movement in the past to create a sustainable pattern that can be used to predict the future movement of the asset. It takes a lot of time to do this. Why do I find expert opinion in retail, has always been a guide to me and I've enjoyed the signal service of some with some losses until I've started copying trade notifications from Miles Josh Berg to mine in the past 6 weeks and I've seen differences in my portfolio. He is an expected trader with a trading accuracy of 89%. He can be easily contacted via ๐Ÿ†ƒ๐Ÿ…ด๐Ÿ…ป๐Ÿ…ด๐Ÿ…ถ๐Ÿ†๐Ÿ…ฐ๐Ÿ…ผ ๐Ÿ…ฐ๏ธ๐Ÿ…ฟ๏ธ๐Ÿ…ฟ๏ธ ( @Miles62 )

$ 0.00
3 years ago

@Miles62

Thank you very much for the nice comment. Getting involved in cryptocurrency trading is usually very stressful, especially when the system is designed for brokers to obtain profits from the failures of new and not-so-new investors.

Financial speculation is an addictive game that closely resembles those in casinos. I do not consider myself a player to get involved in such a way as to belong to the 5% of the winners. Therefore, I stay out of it. Perhaps a Holder who seeks to identify the technology and use it behind the tokens to acquire a little.

$ 0.00
3 years ago

Wow very detailed comparison. I usually am not focusing for those crypto made it to the top 10 market capitalization. And by now, I will make sure to visit them and see how it works! Thanks for the information!

$ 0.00
3 years ago

Wow very detailed comparison. I usually am not focusing for those crypto made it to the top 10 market capitalization. And by now, I will make sure to visit them and see how it works! Thanks for the information!

Hi, @Meyzee

It is good that the information in the article is useful to you. There are so many cryptocurrencies that it is difficult to identify which ones are really valuable. For example, Doge was born as a joke, and look how far he's come. However, he did not discard it outright, at least it serves for the exchange of value, after all, it is created in a code for it.

I think there are many gems that may emerge in the near future, although BCH is already leading the way in many aspects that developers are now beginning to address.

$ 0.00
3 years ago

I also think btt has potential? Hehhe saw the graph and its having a good run on the market. Well yeah we better know all these gems immediately. Haha. But bch is my favorite. Hehe.

$ 0.05
3 years ago

I also think btt has potential? Hehhe saw the graph and its having a good run on the market. Well yeah we better know all these gems immediately. Haha. But bch is my favorite. Hehe.

Completely agree with you.

$ 0.00
3 years ago

Hello. Thank you for always upvoting my articles..

$ 0.00
3 years ago

Hi, @Jane

You're welcome! I reiterate, your excellent articles are interesting, I would like to be able to tip more, but as my account grows, I will have to settle for the power of the five cents. LOL

Maintain excellence in your articles for the enjoyment of those of us who read here at read.cash.

$ 0.00
3 years ago

Thank you so much.. Although sometimes I am demotivated by the bot's unfair treatment, but still thankful that there are people who appreciate my works..

$ 0.05
3 years ago

Hello there, This is a great article. A wonderful piece you've created - I can see the huge amount of work it went into it, I hope the bot keeps tipping it. You know what? I actually like the other list you found better, but I must confess I still don't like that Binance token being included there. I don't think it's fair for the other exchanges who have tokens exactly like it, some of them even better. Plus, it's an exchange token! Lol Maybe it's just me. Cheers

$ 0.05
3 years ago

Hello there, This is a great article. A wonderful piece you've created - I can see the huge amount of work it went into it, I hope the bot keeps tipping it. You know what? I actually like the other list you found better, but I must confess I still don't like that Binance token being included there. I don't think it's fair for the other exchanges who have tokens exactly like it, some of them even better. Plus, it's an exchange token! Lol Maybe it's just me. Cheers

Thank you for such generous compliments. I agree with you regarding the assessment of BNB. You should write an article about it where you compare them with similar ones.

Thanks for stopping by.

$ 0.00
3 years ago

In all Crypto you mentioned the best comparison of BTC and BCH.And now exchange is more in BCH.God bless you.

$ 0.00
3 years ago

In all Crypto you mentioned the best comparison of BTC and BCH.And now exchange is more in BCH.God bless you.

Amen, amen. Yes, as you may have noticed, in the media BTC is promoted underpinned by large investors, but that does not mean that it is the best. BCH is better than BTC.

Thank you for stopping by.

$ 0.00
3 years ago