Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Delgboke on February 06, 2021, 07:26:28 AM
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I have heard people complain about some crypto currency project with a high Max supply let's look at the cryptocurrency project with $3.1 000,000,000 how long do think could the price take to moon in this present time of Defi, while project with low Max supply are the ones the price is mooning without much struggles.whats your thought on this?
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It depends to the project strategy. There are coins with billions of token supply and yet hit the price of $0.1 or higher. Burning of tokens is a factor to make the value higher and have some more profit. The more the lesser the supply the more it will become expensive.
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I think it can. Because there will be correspondingly more investors and they will sell everything after listing on exchanges and the price will fall. This is my personal opinion.
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Of course it affects the prices, the project teams that can burn tokens/coins will always have more users and also more investors because they know that their investment will increase as less quantity is available. If we add an ambitious project and a team that knows how to work, we may have another great project ahead if we combine it with a reduced supply (total supply) and a high demand from investors.
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I believe that if the total supply is too large, the token price will not be able to have strong growth in the future. Conversely, if the total supply is too low like YFI, many people will not be able to access the project's token.
That is why many projects often use a token burning solution to reduce the supply to a certain amount like BNB. The total supply really has a big impact on the token price.
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Of course it will be very influential. If indeed the max supply is reached, I am sure the price will also go down because there are more and more people in circulation and so they are no longer being sought.
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I think every project must be equipped with a strong and trusted blockchain so that the currency generated by the project can compete and survive in the market
which we all know how tough the competition in the cryptocurrency world is today
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The amount of supply and the initial price of tokens will certainly be the determinants for further price increases, if we look at the achievement of ATH, not all tokens or kpins will be priced at the market price, because we will see the number of tokens or coins in circulation and the rest will still be calculated, but if if the remaining supply is released, there will be a price reduction / dump
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The amount of supply and the initial price of tokens will certainly be the determinants for further price increases, if we look at the achievement of ATH, not all tokens or kpins will be priced at the market price, because we will see the number of tokens or coins in circulation and the rest will still be calculated, but if if the remaining supply is released, there will be a price reduction / dump
Much depends primarily on the novelty and quality of the project itself. If the project is interesting for investors, then the price of its coin or token can skyrocket, regardless of the amount of cryptocurrency issued. Of course, with a large number of tokens, this is much more difficult to do, and this is undeniable.
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In the top 20 coins we can see some coins with billions of supply and they are the top choices of several investors and traders and their value is rising because of their potential but yes, we can say we can not expect a huge spike in high supply coins. On the other hand, if we see some Defi coins with a low supply their value is quite high as compared to a high supply of coins.
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High supply, Low price. The only way to make sure that there are less market manipulations is by educating. I am hoping that with this tool more people will start looking at normalised prices and know when they are buying.
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Generally speaking, the amount of supply for the coin or token can be determining a lot its price so if you are dealing with a project with a big supply then you need to buy more so that when the price can be moving upwards you can gain much. Some projects started with big supply and then they strategically use burning to slowly shrink the number of coins available and this alone can push the price upwards, though not at all times because we also have to consider the many other factors present within the project
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Of course, the total supply affects the price of each coin/token of a project, especially if the project does not work at all well (in economic terms). When a project is not performing well financially, and you have hundreds of millions of coins/tokens that dilute the value alarmingly, the best you can do is burn them. Very few projects do, but projects that do, not only see an improvement in the value of each unit, but also gain the trust of holders and future investors.
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It seems to me that the number of coins with a high maximum supply can significantly affect the work of the project, although it is not a fact that this will necessarily happen. It all depends on the project itself. There were examples of this when the development of a project went very well with a very large proposal.
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Of course, the amount of supply will affect the price of the coin, but never compare it to older coins like BTC and Doge, they both have different amounts of supply and will of course have different prices.
The new projects currently seem to have quite a large supply, I can't name them individually, but they are well priced provided that some coins are locked and cannot be circulated to increase the price of the coins.
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Max supply is a fundamental thing which also have more impact on the price of a token or coin. For example, dogecoin is just a meme coin which has infinite supply and it doesn't have any real use cases. Though it's pumped by Elon Musk's tweets , but it won't sustain in the long run.
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It still depends on what price the project will start at. I think that everything will be pumped in the growing market, the main thing is that the project seems promising and investors believe in it.
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The price of a coin generally more depended on the overall strength, reliability and authenticity of the the project. A fake project with small supply cannot beat real project with hig supply. But if a coin has small supply and strong project but the price is low then it is a great moment for investment.
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It is possible the supply of a project can affect the price, Reason why those project with small supply mostly out perform the once with big supply, although this does not apply in all cases, I personally to like investing on projects with huge supply because I feel the price will not be able to appreciate properly.
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Yeah. Honestly this is very logical and some of the projects were not being honest because they secretly sold their coins not prior to their promised to the community. In this case the value of coins might drop this is how a project become more successful due to the small amount of coins.
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Of course, the Maximum Supply greatly affects the price of the coin or token, if coins or tokens are equally good, of course those that have a small supply will increase the price faster than coins or coins that have a large supply.
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We all acknowledge that the price of a token depends on the law of supply/demand in market, and scarcity can reduce selling pressure, while at the same time token price increases.
As such, the total supply affects the token price, precisely the volatility of the token price.
If the total supply is too low like YFI (37K), we see that the price of YFI can easily be pushed up to $45K and then to $8.5K in a short time.
If the total supply is too high like DOGE (128B), if there is no strong support from the community, the DOGE 1 cent increase is also difficult because it means that $1.28B is needed to enter the DOGE market.
Therefore, many projects have used token burning to reduce the total supply to half of the original total supply like BNB or reduce until the community agrees. This has a short-term impact, but in the long run, there won't be enough tokens for the community to use.
Consider Ethereum's case, we now admit that the total supply of Ethereum is infinite, however this does not hinder the development of ETH price, it even makes ETH closer to fiat. As long as ETH's inflation rate is lower than fiat's, ETH price will continue to rise, in addition staking & EIP-1559 will increase scarcity and ensure ETH price is stabler.
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Well, for me, right from time, I've always paid less attention to coins or tokens with large supply like total supplies running into tens of billion and hundreds of billions, this is the reason I've never bought xrp and doge, cus I've always felt they will never go up and much cus they have a lot of coins in circulation, though this two coins I mentioned have been doing quite well lately, I guess this is because they are already very popular and it's been shilled by some top ranked individuals.
But the ones that are not popular yet always find it hard to go up cus of too many coins in circulation.
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While the total supply can impact the price per token of any project, I believe the strategies of the project and the pain it's solving can still do wonders for tokens which are minted in billions. Token scarcity, blockchain use case, etc can help propel the price of a token. For example, the TS of UNI is 1 billion, though only about a third is in circulation, but the price is still high at that.
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Total supply is affect for sure, but of course not only total supply, so many factors behind the price of a coin. You will see coins with same total supply but the price is different..
I don't care about the total supply of coin, I just care about the community because in my opinion, this is so important
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Yes, commonly, high total supply will really influence the price. Moreover, if it is a new project, it may influence the price dumps so easily. although it depends on each project, this really doesn't have good ideas of a lower or higher price. I am also sometimes shocks with this
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supply is very influential on the value of a project especially with a small supply that can have a pretty good impact on future project value. its just balanced with the proggress of the project and a clear roadmap.
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Yep, total max supply can give impact on the price of the tokens. So, a crypto project should consider many things before deciding a max supply of a coin. Don't have too many supply because it will lower the price of the tokens. Many current crypto projects have very small numbers of total supply, so the price can be expensive.
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The maximum supply is one of the fundamentals of the project, in general, the maximum supply will affect the price of the coin, but in particular it is not, because the increase or not the coin price is influenced by many factors, not only the maximum supply, but there are others such as products, exchanges, marketing etc.
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Yeah. Honestly this is very logical and some of the projects were not being honest because they secretly sold their coins not prior to their promised to the community. In this case the value of coins might drop this is how a project become more successful due to the small amount of coins.
I agree with your thinking, in general the amount of supply will be burned to increase the price and supply to the project members will be reduced to increase the price, I have seen how Binance does it every 3 months, currently the price of 1 bnb is almost touching the price of $150 and this is good decision when the project is good and the number of coins is getting less, the price will continue to increase
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Max supply of coins is a primary factor before coin launched to the market, this is an important factor that determines the supply and demand in the coin market itself. If we ignore other factors, assuming the same demand, then the more supply of coins the price will be lower than the coins with little supply.
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If the project is a promising project with good future and has big investors in it, the tendency of having a large or high max supply might not be an issue. But when the team is not competent in their services, you see dumps alround. I think with the burning of coins with high max supply will be a good factor to make the price of the coin worth it. When the coins are burned, it reduces in supply and everyone that own such coin will want to keep hold, and at that point more buyers comes in and the table turns. Coins of now with high max supply cannot be compared to old coins of high supply.
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I have heard people complain about some crypto currency project with a high Max supply let's look at the cryptocurrency project with $3.1 000,000,000 how long do think could the price take to moon in this present time of Defi, while project with low Max supply are the ones the price is mooning without much struggles.whats your thought on this?
Depending on the quality of the platform of the project. If the platform is beautiful and unique, some people will invest in it no matter how large the total maximum supply is, there is no problem if the supply is big because most of them are very cheap during the project's launch, unlike smaller cap which is usually expensive to purchase.
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If a coin has a good price because the number of coins is limited, it must be a popular coin and there are lots of people using it for transactions.
I'm still looking for a list of altcoins with a small supply.
The amount of supply will not completely affect the increase in the price of the coin if the developer of the coin does not have a good product that can be used continuously in the future.
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Of course, the maximum number of tokens or coins determines the maximum possible value. A token with a maximum supply of, for example, 1 billion coins will not cost $ 1, even with all its popularity, at least not in the first five years. That is, the quantity determines the price, the lower the higher the price, this has always been the case, and this is how the price of a coin at ICO is determined.
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I think the total maximum supply of a token is very important and one you have to check if your are an investor; because it helps you to evaluate the circulating supply and assume a prospective growth price for the token. But often time it gets exaggerated a lot; it is just an aid to good price for a token not a requirement to a good price.
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IMHO, I believe YES! because if the supply is just limited it will create scarcity to the circulation, And probably the price of that coin/token can increase but sometimes it was affected by many other factors and also it depends on the project purpose if the project is useful maybe it can but if the project is just copycat or useless I dont think it can influence the supply and circulation when it comes to the price.