The Nandi Bear has previously written about figuring the value of Bitcoin: The first Bitcoin exchange site and how the value of Bitcoin was determined - New Liberty Standard - 5050 Bitcoins sold for 5 Dollars. Evidently back in 2009 the price of bitcoin was calculated by the rough cost of electricity needed to generate the coin (using NewLibertyStandard's electricity bill).
Most of us are familiar with Coinmarketcap.com which, as the name of the site implies, ranks a blockchain by the total dollar market value of each cryptocurrency's respective circulating supply.
Blocktivity.info presents an alternative, and remarkable, method of determining the value of blockchains by observing the activity on the blockchain. According to their site:
We are observing which project is actually being used by people, which is in our opinion, the best predictive indicator of value you can have.
I find the Blocktivity.info site, and their method for determining the value of a blockchain, to be objective, compelling and persuasive.
Please also note the rank order of the top ten coins:
(8) BCH - Bitcoin Cash!
Other impressive and exceptional alternatives to Coinmarketcap.com include, though are not limited, the following:>
(A) BPEeindex.com - Bitcoin Price Equivalence is, according to their site, a calculation of price, if the coin had the same supply as Bitcoin. BPE normalises price by removing unit bias, coins that look "cheap" are probably not as cheap as you think.
(B) Live Coin Watch - Very similar to Coinmarketcap.com but includes South Korean markets. For readers who aren't already aware Coinmarketcap.com removed South Korea Exchanges earlier this month - Jan. 2018. (Data from numerous exchanges around the globe is used to calculate averages.)
What do you all, the readers, think? What do you reckon is the best method for reckoning the value of a blockchain!
Thanks for stopping by and reading!
PLEASE leave some comments! Talk a little!
↓ --- You may also find the Nandi Bear at --- ↓