It seems rather unlikely that a substantial proportion of the hundreds of assets below 1% will every go somewhere and I think it would be safe to consider them to be noise... Now, the market cap of a cryptocoin is a fairly nebulous concept for
- it could be quite thinly traded compared to the volume in issue (just like ordinary financial assets) and also
- the volume actually in issue could be unknown because unlike shares in a company, it is possibly to actually lose cryptocurrency and it has been argued that one third if the Bitcoin in existence is in fact no longer there.
However, for these reasons it is likely that the market cap of the larger cryptocoins which are more liquid, reflect more value than those of the minnows with less than 1% of the total. Perhaps MaidSafeCoin, number 69 and market cap near $150m, is going somewhere but I might be prepared to short it.
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