Hello Cryptofresh,
I have been using the site to view the total market cap of SmartCoins on the DEX, and compare it to the bts-MarketCap at the time. In an effort to inefficiently scrape some data on the ratio of SCMcap:BTSMcap over time.
For example I have noticed that the total market cap of smartcoins has dropped 50% since yesterday. Why?
Seeing as I am using the 'static' data on cryptofresh.com, I am assuming you get this data from the blockchan, could you also graph it?
I can see all the number for "right now", but i cant see them graphed over time.
Thanks
Thread of my findings:
16/05/17 at 15:15 GMT
BitShares Market Cap: $100,000,000
(coinmarketcap.com)
SmartCoin Market Cap: $6,300,000
(cryptofresh.com)
CryptoSphere Market Cap of: (As yet unknown at the precise time that the previous 2 figures were calculated, but 6 hours later it was $57,809,000,000)
BTS MCap / SmartCoinMCap = 15.8 BTS MCap is 15.8x larger than SmartCoin MCap
BitShares' market-share of the total CryptoSphere: ?
17/05/17 - 13:00GMT
BitShares Market Cap: $114,471,000
(coinmarketcap.com)
SmartCoin Market Cap: $3,243,000
(cryptofresh.com)
CryptoSphere Market Cap: $60,785,000,000
(coinmarketcap.com)
BTS MCap / SmartCoinMCap = 35 BTS MCap is 35x larger than it's SmartCoin MCap
BitShares' market-share of the total CryptoSphere: 0.188%
===============
Conclusions:
The Ratio of BTS-MCap: SC-MCap on the 16/05/17 was 15.8x.
After 1 day, the BTS:SC ratio is 35x.
The SC-MCap shrunk by 50%, whilst BTS-MCap grew by 14%.
This clearly suggests(?) that a large number of SmartCoin holders sold their SC in exchange for bts.
Did this change cause the bts price rise, or did the bts price rise cause the SC dump?