Image Image Image Image Image Image Image Image Image Image Image Image

| September 24, 2018

Scroll to top

Top

Site Archives -

North Korea to Allow Outside Inspectors to Visit Missile Test Site

September 19, 2018 |

North Korea agreed to allow outside inspectors to visit its missile test site and said it would be open to decommissioning its nuclear-enrichment facility.
WSJ.com: What’s News Asia

New iPhone Names Leaked by Apple’s Own Site

September 12, 2018 |

Some of Apple’s thunder may have been stolen by … Apple. The company is slated to reveal its new line of iPhones at 1pm ET Wednesday, and the expectation has been that three new ones are coming, including its most expensive model to date, reports the AP . In advance of the…
Newser

At Site of Toppled Confederate Statue, More Trouble

August 26, 2018 |

Seven people were arrested Saturday at a rally calling for a century-old Confederate statue at the University of North Carolina to be returned after it was yanked down days ago , reports the AP . About a dozen people carrying Confederate flags were met by dozens of protesters that don’t want the…
Newser

Kroger to Sell Groceries on Alibaba Site in China

August 15, 2018 |

Kroger will sell its products in China on an e-commerce site owned by Alibaba Group, the grocer’s first foray into foreign sales amid a broader push into online retail.
WSJ.com: What’s News Asia

This Cryptocurrency Data Site Lists Coins by Fair Market Value

August 9, 2018 |

When people look at the prices of cryptocurrencies they usually observe prices from data sites like Coinmarketcap.com that pull aggregated digital asset spot prices from exchanges all across the world. Now there’s another market capitalization website that people may be interested in, called Coinfairvalue.com, a platform that’s a touch different than the normal data sites because it measures fair values without any implied speculation.

Also read: Electron Cash Wallet Now Available for Basic Feature Phones

This Website Highlights Cryptocurrencies and Fair Value  

This Cryptocurrency Data Site Lists Coins by Fair Market ValueCoinmarketcap.com (CMC) and the variety of other price data websites are common places people like to visit to find out the value of their favorite cryptocurrencies. Most websites like this aggregate all the spot prices from exchanges across the world and find the median average. This is why sites like CMC’s prices are different than when an individual observes the feed from a single exchange. Now there’s another site called Coinfairvalue.com (CFV) that lists the top cryptocurrency valuations but instead of using aggregated spot prices it measures fair values based on the current usage of each coin. Basically, the website is based upon the ‘Currencies Fair Value’ model published by Pablompa in 2017, explain the creators of CFV. The Pablompa model assesses compounded fair value by measuring actual real-world use by utilizing publicly available blockchain data.

“Our Market Cap differs from Market Caps in other sites because we do not make the artificial distinction between Circulating Supply and Supply,” explains the CFV website.

Let’s put it simply: the fact that the founders hold a part of the supply does not make their part of the supply less circulating than a part of the supply held for years by an investor. “Static” supply is reflected in the Velocity of Money. The more “static” supply within the total supply, the smaller the velocity – hence, the higher the tendency to hold savings.

This Cryptocurrency Data Site Lists Coins by Fair Market Value
The dollar and the euro are included in Coinfairvalue.com’s list.

An Entirely Different Look at the Top Cryptocurrencies

The CFV data is interesting for many reasons and one of them is because the top two currencies are USD and EUR which is not usually included in other market cap websites. USD has the fair market value (FMV) of $ 1 per unit while the EUR has an FMV of around $ 1.12 per unit at the time of writing. Both currencies have market caps that exceed $ 12-14 trillion dollars and the USD market capitalization is 12,903 percent larger than BTC’s $ 109B, according to CFV. The website’s creators believe USD and EUR should be included because fiat currencies have an uncertain future supply function. But CFV notes that data is sparse when it comes to the number of trades in a given period and fiat, and “the consequence is that there is poor clarity on their fair value.”

This Cryptocurrency Data Site Lists Coins by Fair Market Value
The top ten currencies according to the website’s data.

The top five cryptocurrencies are very different than the values recorded on websites like CMC. Bitcoin core (BTC) prices, for instance, are around $ 6,360 per coin at press time but the currency’s FMV on Coinfairvalue.com is $ 4,559. The second highest market capitalization held by ethereum (ETH) today is $ 360 per ETH, but CFV’s data suggests it should be worth more at $ 534 a coin. Usually, ripple (XRP) takes the third position but on CFV’s site, bitcoin cash is the third highest valued coin. BCH spot prices today are around $ 594 but CFV has the fair value priced at $ 923 per BCH. Ripple (XRP) should be only $ 0.13 per coin rather than today’s overvalued spot price of around $ 0.44 according to the website. EOS prices on CFV say that EOS is undervalued and should be worth $ 2.40 per coin more than its current market price of $ 6.

Another List Called “Honest Coinmarketcap” and the Rational Behind the Currencies Fair Value Model

CFV’s website is sure to be controversial to some cryptocurrency proponents but there have been many attempts to create more realistic coin market cap data. Just recently, news.Bitcoin.com reported on a spreadsheet created by Andrew Rennhack that he calls “Honest Coinmarketcap.” Rennhack’s aggregated data is based on global cryptocurrency volumes because the researcher claims a great majority of BTC and ETH volumes are phony. Using parts of the Currencies Fair Value model, the CFV website creators believe their data is rational.    

“It arrives at the rational conclusion that currencies must be trading at their fair value when the number of speculative trades in the particular currency itself is negligible with respect the total number of overall trades conducted using the same currency as a tool, such as in the case of when someone trades BTC for BCH because he thinks BCH will perform better,” Coinfairvalue.com details.  

It also arrives at the conclusion that even when the number of speculative trades is not negligible, and the aggregated number of speculative trades is also unbiased and cancels out, then this indicates that the currency must be trading at its Fair Value — With that in mind, while analyzing the charts, it is in fact possible to determine how much speculation occurred.

What do you think about Coinfairvalue.com’s price assessments? Let us know your thoughts in the comment section below.


Images via Shutterstock, and Coinfairvalue.com. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post This Cryptocurrency Data Site Lists Coins by Fair Market Value appeared first on Bitcoin News.

Bitcoin News

North Korea Expands Facilities at Missile Site

July 31, 2018 |

North Korea has constructed two new buildings at a missile facility and appears to be actively continuing production there, according to an analysis of newly available commercial satellite imagery, the latest sign of continued progress in the country’s nuclear and missile program.
WSJ.com: What’s News Asia

Teenager creates site giving children answers on deportation

July 28, 2018 |

A Connecticut teenager has designed an online resource to help immigrant children prepare for the possible deportations of their parents or guardians.
FOX News

It Looks Like North Korea Is Dismantling Missile Test Site

July 24, 2018 |

Just days after the Korean Peninsula’s top US military commander warned that North Korea’s nuclear production capability remains intact , some slightly more encouraging news: The country appears to be dismantling its main satellite launch site, the BBC reports. US-based monitoring group 38 North reported Monday that satellite images of the…
Newser

At an Egyptian Site Last Excavated in 1900, a Significant Find

July 16, 2018 |

“It’s only the beginning,” is how Egypt’s antiquities minister on Saturday described a find made at a site near the country’s famed pyramids at an ancient necropolis south of Cairo. The discovery—which includes a mummification workshop and a shaft, used as a communal burial place—is located at the…
Newser

TMZ

XXXTentacion’s Mother Reveals His Mausoleum at Burial Site

July 1, 2018 |

XXXTentacion’s been laid to rest and won’t soon be forgotten by his loving family and fans, but just to be sure … he got a huge monument in his honor. X’s mother, Cleopatra Bernard, just shared a photo of the rapper’s mausoleum with the caption…

TMZ.com