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Cryptocurrency discussions / Re: Does MarketCap a good metric to rank cryptocurrencies?
« on: January 28, 2024, 12:59:45 PM »Is market capacity a good measure for ranking cryptocurrencies and why?
If it is not a good measure, what is the best measure?
My personal opinion is that it is a measure that is easy to manipulate and therefore cannot be trusted.
I am actually of the same opinion with you OP. In 2019 when I fully got into the crypto space, there were some altcoins that was ranked in the 100 top cryptocurrency but before the end of that year, some of those coins got replaced by other new coins which became top 100 rank in Market capacity. From my experience right from after I started investment in cryptocurrency, as the year pass by, the market capacity of some altcoins drops and other new coins take their position in ranking. So, It's not really good metric to use because it can be very deceiving base on the fact that the the price and trading volume can be manipulated.