Only $ 999: D
I think it's a totally psychological effect. When the number of coins in human hands is more, he sees himself richer in the future. To have 5 million EXRNs. Sometimes that gives you more confidence. However, the value is very low. 1 eth 1 btc is relatively less...
exacly, but its newbie poit of view. In this point of view he is the one who will be plucked from his money by those who know a little more about market and are not only comparing coins by their price.
Another argument why price is just a price not indicator if coin is risky or not is that there are more often token splits. Like ven now. They are lauching mainnet and from each VEN token You will recive 100 VET coin. It price will for sure drop from 3$ to 0,03$ (but you will have 100 times more of it). It is still the same coin, the same company, the same whitepaper, the same code and hype but price 100 time less. Is it 100 times more risky to invest in? I dont think so.
