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Filtering out suspect market valuations in the alt-coin space : Ripple, Steem and NEM seem suspect

I ran the numbers on 24hr traded volume (liquidity) vs market cap for the top 40 alt-coins to highlight any suspect valuations. You could say it’s a shitcoin detector, LOL.


The idea being that an alt-coin that has a low ratio of traded volume vs its market cap has a suspect valuation due to insufficient trade volume to support accurate price discovery.

Interestingly Steem, NEM, and Ripple came up as red flags.

For comparison. A high cap stock such as Apple would come in at 0.5% and US M1 money velocity (cash and cheques) would be around 2%.

I have a lot of brain-farts on crypto-currency. For more farting, follow me on Twitter @dangermouse117

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