Show HN: Light weight CoinMarketCap.com alternative with additional insights
chainswap.ioLooks good but is really confusing.
What does this mean:
= $2,054.37 to reach marketcap
Thanks for the feedback! It means that a single unit of the currency you are looking at must reach 2,054.37$ to obtain the same market cap as your selected base currency.
I've heard that crypto market caps are extremely misleading. Any take on this?
Misleading in what way? The Korean exchanges definitely artificially inflate the value so I'm glad coinmarketcap.com and livecoinwatch.com allow excluding them from the average.
Market cap and Korean exchanges are two problems, though they share a bit.
Ideally, you should be able to specify exact exchanges you want to see, and what algorithm to apply to it (i.e. give more weight to daily volume) to produce a single-dimension value. As you can see, that's always going to be lossy. And then you get into UX challenges actual presentation of all that data with all the knobs and switches.
We at Live Coin Watch[1] make it our daily fight to be as far off as possible from misleading or incorrect and it's a never-ending fight.
Korean exchanges are excluded. I currently use only the Top 100 to calculate the market cap. However, I would still say that you are right because one definitely can't liquidate the whole supply for the current market price.