I read a lot of people in the speculation thread claiming that you have to look for coins that have low market cap and low circulating supply, because they are likely to rise in price.
Then, i read a lot of people (often the same people as before) claiming to buy Ripple, EOS, cardano or IOTA, coins which have a ridiculosly high circulating supply compared to their market cap (which is high to).
Why?
Mistake? Hypocrisy? trying to pump the price and recover some loss? or is actually correct?
If it is a correct affirmation, those coins have no chance to grow in price. Not more chances as dogecoin has at least.
The only think that can differ between those coin and dogecoin is that they have an active staff/project behind, but there is still the supposition, sustained by many, that because they have a very high circulating supply and market cap they cannot actually rise in price.
Then, why those people say that if at the same time they buy the coins they should not buy? Huh
Tell me what you think.
It's not 100% correct. In fact the result on the marketcap and price will depend on the development progress itself because the development can attract the more people to FOMO.
People are spreading misleading explanation about that.
Marketcap and supply don't matter a lot right now. There is a lot of shitcoin with low and high supply but they are all can't reach high marketcap at the same time.
And it caused by the really bad development progress.
The result will determine anything as the output from the development itself.