"Community: Looks at discussions and popularity of a coin from social media and forum content (eg. Bitcointalk, Reddit)."

Can you clarify the methodology used for coming up with concrete % - Dogecoin 96/100, Counterparty 40/100? Based on explanation provided so far, it seems like someone is just making those numbers up.

wzbysek, we are currently at our first iteration of coingecko.
so our community aspect only measures reddit subscriber count for the time being.
we are going to incorporate facebook and twitter soon but not in this iteration because it is largely correlated with reddit. forums will require more effort and we will incorporate data from there soonish.

as for how we got the numbers, it is actually a % rank over 100. what we did was we took the logarithmic value of the reddit subscriber count of a coin and divide it by the logarithmic count of the largest reddit coin subscriber count. hope this helps answer ur question  

Good job!
Probably you can add a parameter for 'potential developments' i.e what each coin has in the pipe.

I think it is just a joke

3     Dogecoin (this copy one,just a suck coin)

14     Nxt （look this one）

It's pretty time intensive keeping up to date with all the altcoins. Will keep an eye on how this develops

Hi HCLivess, really sorry if our messaging for CoinGecko is confusing and isn't clear to you. CoinGecko is a cryptocurrency valuation and ranking website. We think that looking at market capitalisation as a sole metric for evaluating a coin does not tell the full picture abt how worthy a coin is. We think that there are several other fundamental metrics that needs to be used in evaluating the quality of a coin.

One of the metric which we think is fundamental is the developer team. The number of developers working on the coin's source code will tell how excited developers are abt the technical quality of a coin. A more active and large developer team will more likely mean that any bugs in the source code will be fixed at a faster rate. Also more interesting features will be implemented for a coin with a strong developer team. More features will increase the utility and use of a coin therefore potentially increasing the long-term value/price of a coin. We are using Github metrics as a proxy to measuring these criteria.

But having developer team as a sole criteria isn't enough. The community also plays a very important role in disseminating the core message of a coin. A strong community is vocal and supportive in PR efforts. It will help the coin get featured in various media publications. Usually people will be attracted to a coin that is interesting and the community support can be approximated by using metrics such as Reddit subscriber and Twitter follower count. In our first beta iteration, we are only using Reddit subscriber count although we plan to incorporate the other measures soon.

We also think that coin liquidity is pretty important in evaluating a coin. A coin without high liquidity could just mean that its price is artificially set high by the few traders trading the coin. This also show that there is not much interest in a coin.

Thus the mission of CoinGecko is to take into account all these metrics to holistically evaluate the quality of a coin. We attempt to do that using our algorithm to come out with a Gecko Score for each coin. We are still new and have started with just 20 coins though we plan to increase it to more coins in the coming weeks.

Does this help answer your question? Do let us know how we can make our messaging clearer. Thanks a lot!

@bobster, this is an interesting project.

However, if you want it to be taken seriously you should put a lot of value on judging the technical innovation of each coin as well as inflation/sustainability of each coin.

Without such important factors taken into consideration, results beside the obvious ones like bitcoin, litecoin, etc, seem almost random.

hi xtester, technical innovation is indeed part of our plan. we initially wanted to roll it out in our beta but yanked it out for the time being because it is hard to evaluate technical innovation fairly for each coin because it is somewhat subjective. we are figuring out a way evaluate technical innovation fairly and once we have a method which we are happy we will incorporate it into our ranking.

We plan to add coin supply and inflation in our ranking soon. it's in our to-do so do watch out in the following weeks while we push more updates live.

Thanks for your feedback. Do continue giving us feedback here.

hi xtester, yea i totally agree with you on how coins should be evaluated. the long-term factors play a much stronger role in determining price long-term. it is very hard to give any short-term price predictions coz there's a lot of noise. some of my closest friends use the same philosophy as yours in buying/selling altcoins and that's how we got the idea to build CoinGecko. we will be working hard to incorporate this soon

i guess the next most logical question for me to ask u is how would you best evaluate technical innovation? thanks