This is a thread on altcoins, first published on Twitter [https://twitter.com/woonomic/status/1192316072533229568?s=20]. Altcoins are nuanced. We have: * Protocol coins * Utility tokens * Security tokens * Non-fungible tokens But to an investor, there's only 2 types. Oscillators and Degenerators. You can spot them on this chart of
Altcoin volatility proportional to bubble size2016 has been a bull year for privacy coins. Earlier this year we saw mooning of Monero which saw subsequent pumps in other dark-coins including ShadowCash and Navcoin. Then we witnessed a mega-hyped launch of ZCash which peaked at an astounding $5.3k per coin.
By popular demand from my last data visualisation for 118 coins [https://woobull.com/data-visualisation-118-coins-plotted-over-time-this-is-why-hodl-alt-coin-indexes-dont-work/] , here’s the performance of bitcoin vs altcoins over time**. Further details: * The coins plotted are: XRP, LTC, OMNI, NXT, PPC, NMC, QRK, DOGE, XPY, BTS, AUR, DASH, MAID, XCP, XLM, BLK, ETH and BCN
Do you like my canvas art? I’m calling it “shit runs downhill“. I’m thinking about mounting it on my wall to remind me of the perils of HODLing altcoins. After finding out that altcoin index funds don’t really work [https://woobull.com/crypto-currency-index-funds-the-simulations-have-surprising-results/] , I put together a
Last week I created the Commerce Index [https://woobull.com/the-commerce-index/] as a means to measure a coin’s suitability for general commerce. In a nutshell it tracks the property of liquidity and low volatility. Both consumers and merchants want a currency that is stable and has high enough liquidity
Dash’s focus is a payment network so transaction turnover will be key. Let’s run some numbers to figure out transaction turnover and market cap valuations… This is Bitcoin’s transaction turnover as a function of their market cap: Source [https://twitter.com/dangermouse117/status/771387879117430784] Source Data [http:
Since the recent explosion of Monero, it seems privacy-centric coins are all the rage right now. So I’ve been thinking a lot about anonymous coins of late… Dash [https://www.dash.org/] and Monero [https://getmonero.org/] are the leading contenders with healthy communities, liquidity and market caps [https: