Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Grey Storm on September 20, 2018, 01:12:55 PM
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Cryptocurrency market has been always bringing big incomes to investors. While generally the value of a particular cryptocurrency is influenced by the Market Cop, then again, there is various potential crypto financial specialists that are continually looking into the best Altcoins under $1 to put resources into. Hence, here are the main 5 Altcoins under $1 to Invest In 2018.
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Cheap Altcoins aren't actually cheap, they just have a high supply. The price of a crypto is irrelevant, the it's just the market cap divided by the circulating supply. The only reason these flourish more than others is due to "bubble mania" when people want to buy "cheap cryptos" that will moon overnight.
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The price of a crypto is irrelevant
Not entirely true, price is definitely a factor, but I get your point that it is only one consideration amongst many when looking at value. Recently I have been looking at companies that have a working product due for release soon, as I think that the immediate potential for growth is greater, but it is still no guarantee. It does seem to follow a pattern though, if you can find a coin that has been languishing considerably below it's ATH, and they are due to release news/products related to a key point on their roadmap, then it can be an opportunity to trade and grab a bit of profit. Just bear in mind that there will still be the undeniable risk of a drop if the news doesn't match up to investor's expectations.