The current Age of our Favorite TOP 5 Cryptocurrencies based on Algo difficulty

in crypto •  7 years ago  (edited)

top-5-crypto-traders.jpg

In one of my " i wonder what to write about moments " i found myself reflecting on my previous article regarding the adoption rates of technology. I then thought to myself that tech is becoming so rapidly adopted and changed it almost doesn't make any sense! Then i wondered what is the 'actual' age of bitcoin cased on Tech Adoption theory?

If we look at the Algo difficulty of Grandad Bitcoin, its sitting at 3000 Giga Hashes which is enough to power a small city! Thats insane but true so then what are the approximate ages of the say the Top 5 crypto coins? Firstly how did i come to establish this strange line of thinking.

I used the following methodology:

  1. Algo Difficulty
  2. Market Cap
  3. Time in Market
  4. Coin Growth
  5. Time variant against Technology Adoption Curve model [TV] - now at 3 years.

Bitcoin
Algo Difficulty - 3000 G/h
Market Cap - $5 764 890 000
Time in Market - 10 years
Coin Growth - 12000%
TV - 3 years

Approximate Age: 68 years

Ethereum
Algo Difficulty - 3000 T/h
Market Cap - $1 670 110 000
Time in Market - 4 years
Coin Growth - 7000%
TV - 3 years

Approximate Age: 49 years old

Ripple
Algo Difficulty - None - Over 200 institutions have adopted Ripple globally. This radically escalates adoption time frame as if it were being mined like Bitcoin. Inverse analysis was used on this.
Market Cap - $356 721 000
Time in Market - 4 years
Coin Growth - 350%
TV - 3 years

Approximate Age: 35 years old

Bitcoin Cash
Algo Difficulty - 350 G/h
Market Cap - $379 534 000
Time in Market - 1 year
Coin Growth - 450%
TV - 3 years

Approximate Age: 41 years old

Litecoin
Algo Difficulty - 5000 k/h
Market Cap - $1 309 534 000
Time in Market - 5 years
Coin Growth - 1350%
TV - 3 years

Approximate Age: 44 years old

So thats that on the age profile of your favorite top 5 Crypto Coins. I find this kind of information and research fascinating as it allows us a deeper look into the actual price valuations of these coins. Some of them I think are way over valued due to speculation and hype. There seems to likelihood of it slowing down. I hope you found this useful.

Please upvote and find me on twitter @mycryptoeconomy

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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin10036.800$3.97%-8.92%
ETHEthereum874.241$4.65%-7.86%
LTCLitecoin230.933$9.27%3.0%
XRPRipple0.957$1.85%-16.75%