Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: jettester97 on March 24, 2022, 08:04:26 AM
-
So I am looking at two coins both with a marketcap of between 5 & 10 million.
They are both deflationary in that they have a maximum supply.
However one has 3% of its max supply of coins in circulation and another has 99% of its coins in circulation.
I would imagine in the long term that the coin with 99% of its coins already in circulation has less room to move up in price, especially at such a low market cap.
However on the flipside for the coin with 3% there is more chance for a decrease in price if all the coins are dumped on the market all at once due to inflation/oversupply.
Does anyone have any thoughts on how to approach this metric as its interesting trying to find some middle ground i.e. is 45% good? 50%? 60%?
I don't know,
over to you guys to educate me
-
I am not an expert on this but just sharing my own humble opinion. The way I am seeing is that both projects (one with 5 million and the other with 10 million supply of coins) can be doing well since they are both having a small number of possible coins...that is based on the fact that there both deflationary in nature. Now, if I were you, I would concentrate on looking at the potential of both coins in the market because in this case the supply will not matters a lot since they are actually small. A good project that can be getting a good adoption will be more valuable even if it would have x2 coins in terms of supply. So am concluding by saying that why not get into them both? Remember that you must make sure to put your eggs not in a single basket, anyway!