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Cryptocurrency discussions / Re: Does supply matter to you?
« on: January 12, 2024, 08:06:33 AM »
A little bit I'd say. I agree that it is not the most important thing to decide whether you should buy or sell a token though. I have some tokens with more than 2 billion supply, but the circulation is pretty low until probably 3 years later. Which means any price action can swing the price wildly. Depending on how you utilize that opportunity, you can make more money from trading them compared to a 1 billion supply coin that has 99% of its supply circulating on the market.
But you should know that a project becomes stronger with more supply and now there are many top altcoins that have more supply.Why do you say so? Which project are you referring to? I don't recall seeing any new projects that have ridiculous supply being significantly favored by the market.