What do you guys think of just using volume as a way of gauging public interest in alts?
Problem is it's hard to watch volume since the data differs. I watch volume on these four sites:
https://coinmarketcap.com/http://www.cryptocoinrank.com/http://www.cryptocoincharts.info/v2/coins/infohttp://cryptmarketcap.com/If you research thoroughly, you'll see that much data is misleading since each of them don't include all exchange data. Some coins have only one (or two) exchanges that are relevant for their trading, and data from other exchanges just muddies the water. I've starting building my own tool to watch emerging coins, but it's just such a hard work to do it properly, and for the time being I'm still doing it manually, believe it or not it's just easier.
Do you have any way of looking at 20 day or 30 day volume statistics? It's damn near impossible to find anything in table form other than 24 hour stats, which only gauge interest RIGHT NOW.
I'd like to be able to sort by market cap and 20 or 30 day average volume. That would, to me, be FAR more valuable in gauging public interest over a period of time. Those 24 hour spikes and valleys are ridiculous.
Here are a few more to add to your tool chest.
The front page of BitcoinWisdom (
https://bitcoinwisdom.com/) has aggregated daily, 7 day, and 30 day volume information for the 35 most widely traded coins on the major exchanges. It's far from ideal, but it does have an active developer.
Another interesting site, which I've just recently run across, is Coin Gecko (
https://coingecko.com). It tracks various social media & Github statistics and also assigns each coin a (less useful, IMO) liquidity score and an overall score based on all of the metrics tracked.
Finally, Bit Info Charts (
http://bitinfocharts.com) offers a wealth of information about major coins, and is the only one I've found that shows coin emission stats (rewards per block, rewards last 24hr).
Cheers!
These three are excellent sites, wealth of information. However, I think vuduchyld was asking for a simple plot of volume data per coin, like we have for low/high/open/close for a selected period. I don't think that such graphs exist, at least not in public.
Thanks, Pale Phoenix and itod! I appreciate the help.
You're right, Pale Phoenix. That's what I am searching for...and I agree that it probably doesn't exist. I've been searching high and low for a couple of days, aka an eternity in the age of Google.
It might sound crazy, but what I'm trying to do, philosophically anyway, is create an alt index. I want to create mechanical rules for a passively-managed basket of alts that would serve as a proxy for the 1000 or so coins out there that are NOT bitcoin (and I'd probably exclude litecoin, as well). I've experimented with a price-weighted model (as opposed to a market cap weighted model--think Dow instead of S&P). The rules are based on market cap and volume, but 24 hour volume is such that this damn thing has to be re-balanced practically hourly. I'd rather be able to re-balance monthly or at most bi-weekly.
There may be no practical application, in fact, but I'm curious to back-test and figure out:
1) Can a constructed index gauge the health of the entire alt market?
2) Could this basket of alts trade as an open-end fund somewhere (Nxt exchange, perhaps, though I'm not sure if open-end would work)
3) Most importantly, could this kind of index fund allow investors the opportunity that comes with alt coins and simultaneously remove the burden (and, frankly, losers' game) of trying to pick winners. If one could hold a basket of 23 alts, maybe so.
But volume is critical to this, and it can't be 24 hour volume.
