Sharenet Analytics Releases Cryptocurrency Significance Rankings

26 January 2018 | Dwaine van Vuuren

In our first attempt at measuring the "significance" of a cryptocurrency, we look at the following two factors:

  1. Global Market Capitalization
  2. 30-day volumes traded across the worlds exchanges

The first item is a measure of the "value" held by everyone owning the cryptocurrency whilst the second item measures how actively it is traded or used over an average month. The two items are mutually exclusive, since we may have a forked coin or a heavily pre-mined coin that "inherited" lots of value through airdropped or pre-issued coins but does not necessarily trade that often. These two items together would be a suitable rough guide as to the "significance" of a crypto currency.

The table below shows the Top-10 most "significant" cryptocurrencies with their respective market cap ranking and traded volume ranking. In calculating the rankings we look at 1-part market-cap ranking and two-parts volume ranking as we feel that how actively the crypto is being used among the global community is twice as significant as its market-cap, but this is obviously open to different interpretations.


Note that this does not validate the legitimacy of the coin, its technical architecture nor likelihood of survival or future adoption, it merely measures a snapshot of its "significance" among market participants. If you are a brave cryptocurrency participant, you are encouraged to properly understand the underlying technical architecture, support structure and other fundamentals if you want to properly evaluate the cryptocurrency. Or attend our in-depth seminar where we cover all these cryptos.


Dwaine van Vuuren
Retail-side Research
RecessionAlert, Sharenet Analytics

Dwaine van Vuuren is a full-time trader, global investor and stock-market researcher. His passion for numbers and keen research & analytic ability has helped grow (US based) and PowerStocks Research (now Sharenet Analytics) into companies used by hundreds of hedge funds, brokerage firms, financial advisers and private investors around the world. An enthusiastic educator, he will have you trading and investing with confidence & discipline.

The information contained in this article is for informational purposes only and must not be regarded as a prospectus for any security, financial product or transaction. It is neither to be construed as financial advice nor to be regarded as a definitive analysis of any financial issue. Investors should consider this research/article as only a single factor in making their investment decision. We recommend you consult a financial planner/advisor to take into account your particular investment objectives, financial situation and individual needs. The views and opinions (where expressed) in this article are those of the author and do not necessarily reflect the official policy or position of Sharenet.