STELLAR SURPASSES LITECOIN TO BECOME 6TH BIGGEST CRYPTO BY MARKET CAP

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STELLAR SURPASSES LITECOIN TO BECOME 6TH BIGGEST CRYPTO BY MARKET CAP

Sat Jul 21, 2018 9:22 am

Congrats to Stellar on passing Litecoin’s marketcap,” Litecoin creator, Charlie Lee, wrote on Twitter, continuing:

That said, it really doesn’t make sense to compare marketcaps of coins that are “printed”, b/c they have an inflated marketcap. Maybe I’m old school, but I only care about decentralized mineable coins.

Lee believes that the market cap index is not the most accurate metric to rank cryptocurrencies. For one, it doesn’t reflect decentralization nor how it’s created. Moreover, ‘digital tokens’ like Ripple (and Stellar) should not be in the same category as proof-of-work “mineable” cryptocurrencies like Litecoin and Bitcoin, according to Lee.

He posted an alternative rankings list, displaying mineable coins only. Applying this filter removes Lumens (XLM), EOS, Cardano, and IOTA from the top ten.


https://bitcoinist.com/stellar-passes-l ... arket-cap/

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