Rare price hop

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Gass

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This looks weird. Dash is now #54.. Yesterday, if I recall correctly, it was #63.. Someone knows something about this? ..

Screenshot 2021-07-19 194437.png


Screenshot 2021-07-19 194803.png
 
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GrandMasterDash

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I was thinking of maybe buying today but only had one positive indicator to go by so I didn't :-D
 
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qwizzie

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Don't get fixated on marketcap or ranking too much, specially when that ranking includes cryptocoins, tokens projects, DeFi projects, stablecoins and exchange tokens and gets dictated by supply (marketcap = price x supply).

Also coinmarketcap uses several different ways to show ranking :

https://coinmarketcap.com/ (shows ranking of pretty much everything, which is pretty useless as a metric as it is like comparing apples with oranges)
https://coinmarketcap.com/coins/ (shows ranking of crypto coins, which is pretty usefull as a metric as it is like comparing apples with apples)
https://coinmarketcap.com/view/pow/ (shows ranking of PoW crypto coins, which is pretty usefull as a metric as it is like comparing apples with apples)
https://coinmarketcap.com/view/pos/ (shows ranking of PoS tokens, which is pretty usefull as a metric as it is like comparing apples with apples)
https://coinmarketcap.com/view/hybrid-pow-pos/ (shows ranking of work / proof of stake hybrid coins and tokens, which is pretty usefull as a metric as it is like comparing apples with apples)
https://coinmarketcap.com/tokens/ (shows ranking of crypto tokens, which is pretty usefull as a metric as it is like comparing apples with apples)
https://coinmarketcap.com/view/defi/ (shows ranking of a subsection of the crypto tokens, focuses only on DeFi. Which is pretty usefull as a metric as it is like comparing apples with apples)
 
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GrandMasterDash

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I agree that market cap is a really bad indicator but there is a significant portion of lay users that put emphasis on it and, thus, it is to somewhat self-fulfilling i.e. if you fall off the front page you simply lose the coverage and it becomes increasingly more difficult to justify your existence. I would also say, it's not so much about market cap but how relevant you are perceived in comparison to others i.e. how does dash make itself a necessary part of business with all those ranked above it? The way I see it, dash has been so insular, until recently it didn't want to work with others projects and become indispensable to them.

If we can't compete on rank then it's best we change the conversation, collaborate with other projects and build a better more pertinent form of measurement. Do we allow perception to shape us, or do we shape perception?
 

Gass

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I agree that market cap is a really bad indicator but there is a significant portion of lay users that put emphasis on it and, thus, it is to somewhat self-fulfilling i.e. if you fall off the front page you simply lose the coverage and it becomes increasingly more difficult to justify your existence. I would also say, it's not so much about market cap but how relevant you are perceived in comparison to others i.e. how does dash make itself a necessary part of business with all those ranked above it? The way I see it, dash has been so insular, until recently it didn't want to work with others projects and become indispensable to them.

If we can't compete on rank then it's best we change the conversation, collaborate with other projects and build a better more pertinent form of measurement. Do we allow perception to shape us, or do we shape perception?
Agreed. Nevertheless if the price rises $40 us in less than 10 minutes it's something that spikes curiosity. By the way is it possible for someone to burn dash? and if so, is it possible to discover that someone did?
 

GrandMasterDash

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Agreed. Nevertheless if the price rises $40 us in less than 10 minutes it's something that spikes curiosity. By the way is it possible for someone to burn dash? and if so, is it possible to discover that someone did?
When a transaction is sent to an address that is blindingly obvious as human made and not random, then it is said to be "burned" because the private key(s) can not constructed to recover it.

Usually people declare the burning event but I imagine it's possible to write a script to watch for man-made patterns.
 
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Gass

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When a transaction is sent to an address that is blindingly obvious as human made and not random, then it is said to be "burned" because the private key(s) can not constructed to recover it.

Usually people declare the burning event but I imagine it's possible to write a script to watch for man-made patterns.
Do you think this price hop could be a reflection of someone burning a significant amount of Dash?
 
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