Liquidity vs market cap ratio suggests Steemit market cap is dubious

in #steemit • 8 years ago (edited)

I ran the numbers on 24hr traded volume (liquidity) vs market cap for the top 40 altcoins to highlight any suspect altcoins.

The idea being that an altcoin that has a low ratio of traded volume vs its marketcap has a suspect valuation due to insufficient trade 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%.

#crypto-news #investment #cryptocurrency #bitcoin
8 years ago in #steemit by
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       5 years ago  

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