> #: 3
> Name: Auroracoin
> Market Cap: $ 180,504,106
> Price: $ 17.05
> Total Supply: 10,588,226 AUR
> Volume (24h) $ 151,421
I can't get a precise Market Cap graph, but apparently the price doubled since yesterday, and it increased a lot in the last week. The 24hs-volume is very low, this coin has the #9 position in that order. With a small volume it's easier to manipulate the market.
> Auroracoin is a cryptocurrency for Iceland. It is based on litecoin and is 50% premined. The premined coins will be distributed to the entire population of Iceland, commencing on midnight 25th of March 2014.
If we discount the 10,500,000 premined coins we 88,226 "wild" coins increasing slowly until March 25th. So the naive calculation gives a "wild" Market Cap of only 1,543,955. If this is successful, on March 25th the circulating coins well increase x120. A less successful hand out to a 10% of the population will increase it only x13. With a 1% it raises x2. I expect a big drop in the value and I don't understand why there are people buying this coin now.