Hundreds of coins out there. Which ones should be on your radar? Here is the list. (
Revised methodology: 2015-08-23.)
I am
not saying that these coins will go up or down. I am saying that their recent daily volume is large enough ($10k+) that it's not a complete waste of your time to trade them.
The list. BTC, LTC, SLL, DOGE, XMR, BCN, XPM, DASH, NBT, PPC, CLAM, MAID, BLK, BTS. Read below for details. Last updated:
2015-08-23.
If you want me to consider adding another coin to this list,
comment below. Let me know which specific exchanges I should look at for your coin -- both for current data and historical data.
Getting data from the right exchanges is important. I just discovered that SLL is a thing, and it's high up on my list too. It's only traded on a single exchange. That's why it was missing from previous versions of this list.
Some coins have low volume for Alt/BTC, but high volume for Alt/CNY. I currently consider CNY volume just for a couple of coins. If there are others that I should look at, comment below.
Renames that I am aware of: DRK -> DASH and BTSX -> BTS. Any others?
Table. Here are the columns:
* age: the number of days since the coin started trading on an exchange.
* volume.usd: recent daily volume of Alt/BTC
on a single exchange, as measured in USD. For BTC, it's the volume of BTC/USD. For certain coins, it's the volume of Alt/CNY, measured in USD. Websites like coinmarketcap only give you today's volume. This is worthless just because a coin could have one hot day and then show up on their list. I am using the last month of data for determining current volume. I think that if a coin's daily volume is $10k or more, then it's not a complete waste of your time to try to trade it.
* n.volume.usd.ok: the number of days that a coin's daily volume (the way I measure it) was $10k+.
Here is the top of the table ordered by volume.usd.
coin age volume.usd n.volume.usd.ok
1 btc 1,860 3,290,000 1,587
2 eth 16 531,000 1
3 ltc 1,140 248,000 975
4 sll 1,080 62,100 818
5 doge 614 57,400 585
6 xmr 446 26,900 402
7 bcn 461 21,900 22
8 xpm 760 16,300 328
9 dash 553 15,400 485
10 nbt 322 15,000 15
11 ppc 870 14,800 683
12 clam 415 13,100 39
13 maid 411 12,900 30
14 blk 238 10,300 100
15 bts 373 10,300 52
16 xrp 555 9,020 88
17 nxt 634 7,350 250
18 nmc 1,040 7,230 602
19 nvc 923 5,250 264
20 str 378 5,130 83
21 xcp 553 2,410 10
22 mona 492 2,380 0
Trading coins with volume below $10k is a waste of time, so only consider coins from the upper part of the table.
ETH just came out. I wouldn't touch it for now until it gets a longer track record.
That leaves us with these coins: BTC, LTC, SLL, DOGE, XMR, BCN, XPM, DASH, NBT, PPC, CLAM, MAID, BLK, BTS.
Previous versions.* 2015-01-27:
https://bt.irlbtc.com/view/927144.msg10803514#msg10803514* 2015-03-17:
https://bt.irlbtc.com/view/927144.msg11953682#msg11953682* 2015-07-23:
https://bt.irlbtc.com/view/927144.msg12224092#msg12224092