The prices shown on Moonstats pages are based on supply and demand at exchanges. Moonstats shows you the BTC price of the last buy or sell order that was filled on the Bittrex exchange for a cryptocurrency. The BTC rate for cryptocurrencies that are not listed on Bittrex are retrieved through CoinMarketCap.
The bitcoin rate for the selected cryptocurrency is then calculated to EUR and USD value through the BTC-EUR and BTC-USD markets on Bitfinex, Bitstamp and Kraken exchanges. Other supported fiat currencies offer an estimated price based on the exchange rates that are being published by the European Central Bank.
A preciser calculation of the market price by combining and comparing different exchanges will be added in a future update of Moonstats.
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