RE: Why you shouldn't take tribe market caps seriously
(Edited)
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That's why I wrote @banjo's $tt2x
(top trending to exchange) command, although that command is tribe-specific.
If you understand what the marketcap reflects, I don't think anyone is surprised by this.
As you know, what tt2x does is it looks at the top ten authors, if they were to cash out their rewards on the hive-engine exchange, it determines what the true impact of that would be. Like right now:
So according to this, $LASSECASH would be impacted by -99.47%
if anyone tried to dump 20000 LASSECASH
right now.
As opposed to $LEO:
Posted Using LeoFinance Beta
0
0
0.000
Oh man that example is savage.
One of my favorite commands on Banjo.