Lol, I created a similar thread on the local board to address this issue. What I found is that all of the coins with high inflation and even with auto staking/rebasing, all ended up in the dumpster. With too many circulating supply, it would be extremely difficult to pump the price.
It's funny how people think LUNC (Luna Classic) can be a $1 token without extreme burning. The formula is easy, market cap = supply * price. Just input any price you think is achievable and look at its market cap, you can then judge whether it's rational or not.
While coins must be a serious project, probably for the "get rich quick" scheme, tokens can be just for fun, especially if these were built on top of a cheap chain.
It's funny how people think LUNC (Luna Classic) can be a $1 token without extreme burning. The formula is easy, market cap = supply * price. Just input any price you think is achievable and look at its market cap, you can then judge whether it's rational or not.
While coins must be a serious project, probably for the "get rich quick" scheme, tokens can be just for fun, especially if these were built on top of a cheap chain.
yep this guy was right before investing looking at tokenomic and total supply is really big deal.
memecoin usually have dozen of circulating supply and have unlimited total supply which is bad if there is no burning mechanism. eth is unlimited supply but they have burning mechanism the bnb has limited supply but still they conduct burning per quarter
lunc offcourse can be 1$ if their supply back before their crash