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Author Topic: What is the future of the Altcoins that have less than 1(one) satoshi as value  (Read 469 times)
jerrison (OP)
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May 04, 2019, 09:44:47 PM
 #1

We already know loads of tokens that come to the market with their values way less than 1 satoshi as their market value most especially tokens that exist under the ethereum framework. am talking about tokens like Tourist Token (TOTO).
https://coinmarketcap.com/currencies/tourist-token/

What is their fate in the crypto space.?

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May 04, 2019, 09:55:26 PM
 #2

It is currently ranked as 1180 on coinmarketcap and the volume would actually determine if this or other coins would be able to survive being new to the market. Coins like this is unlikely to know if they will have good fate in the market because they are still far from what you are expecting.

Are you an investor of this coin and how did you end up asking about its fate?
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May 04, 2019, 09:57:16 PM
 #3

We already know loads of tokens that come to the market with their values way less than 1 satoshi as their market value most especially tokens that exist under the ethereum framework. am talking about tokens like Tourist Token (TOTO).
https://coinmarketcap.com/currencies/tourist-token/

What is their fate in the crypto space.?
The price of a token means nothing. For getting an accurate impression if the token is undervalued or overvalued, the total supply of a coin / token has to be considered in addition to the price. If there is a huge supply of coins or tokens created, the price will be lower per coin. Let's take BTC and EOS a an example:

For BTC the total supply is 21,000,000.
For EOS the total supply is 1,044,419,959 EOS.

So, there are much more EOS in total created that BTC. Important is the scarcity of an asset and the lower number of all total created BTC makes every BTC more scarce compared to EOS. To calculate the marketcap you need to take supply*current price.



For your coin it means: the total supply is very high (7,500,000,000) and that makes a low price very meaningless.


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May 05, 2019, 02:48:08 AM
 #4

If their value is under 1 satoshi than means for me at least that this coins / tokens not have any future and no one will invest on, and who have some chance to sell them better sell even if they not get so much.
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May 05, 2019, 03:01:21 AM
 #5

For your coin it means: the total supply is very high (7,500,000,000) and that makes a low price very meaningless.


it depends on the project itself and the community that supports the coins like dogecoin that currently has the total supply almost 120B and until now there is many people use dogecoin while the price is very low
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May 05, 2019, 03:05:30 AM
 #6

I honestly don't see why there needs to be a tourist token, when tourists can simply use BTC, LTC, DASH, ADA, or whatever is more popular. I'm not saying that this token will go to zero, but the chance of it is high unless it has some extraordinary use case.
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May 05, 2019, 03:50:00 AM
 #7

It is currently ranked as 1180 on coinmarketcap and the volume would actually determine if this or other coins would be able to survive being new to the market. Coins like this is unlikely to know if they will have good fate in the market because they are still far from what you are expecting.

Are you an investor of this coin and how did you end up asking about its fate?

Checking the site but loading very slowly, checking the announcement there is no update but surprisingly the volume is ok the only problem is the huge supply and the site and the announcement that are no update, I will not invest on this coin a good project always have updated its investors.

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May 05, 2019, 03:51:50 AM
 #8

We already know loads of tokens that come to the market with their values way less than 1 satoshi as their market value most especially tokens that exist under the ethereum framework. am talking about tokens like Tourist Token (TOTO).
https://coinmarketcap.com/currencies/tourist-token/

What is their fate in the crypto space.?

There are other pairs where you can trade it. Their are exchanges pairing currencies with USD and even doge so you can still trade in every lowly possible prices and about their future, they'll have one until some fool realize the coin has a potential to rise.



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Rainbot
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May 05, 2019, 03:59:36 AM
 #9

We already know loads of tokens that come to the market with their values way less than 1 satoshi as their market value most especially tokens that exist under the ethereum framework. am talking about tokens like Tourist Token (TOTO).
https://coinmarketcap.com/currencies/tourist-token/

What is their fate in the crypto space.?
I just checked the price of Tourist Token (TOTO) and the price is really really low. To be honest, token list this usually will be dead very soon because no one will buy this kind of token. Altcoins that have a price below 1 satoshi or even below $0.000001 is no hope. No one will look into it.

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May 05, 2019, 04:36:24 AM
 #10

We already know loads of tokens that come to the market with their values way less than 1 satoshi as their market value most especially tokens that exist under the ethereum framework. am talking about tokens like Tourist Token (TOTO).
https://coinmarketcap.com/currencies/tourist-token/

What is their fate in the crypto space.?
The value of the individual token is less important than the overall size of the market cap and the trading volume in determining if the coin has a future. If there is no volume it means that people are unwilling to buy the coin at its asking price and if the market cap is low it is likely that those coins will end up getting dropped by the exchanges which will pretty much eliminate them from having any future.

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May 05, 2019, 05:03:04 AM
 #11

If the price is below 1 satoshi, I am afraid those tokens are dead already. If somehow the developers are still exist and actively doing their work, they could do token burn to significantly decrease the supply and drive the price up a lot. However, I think no one is still working on those tokens if the price is that bad.

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May 05, 2019, 05:17:06 AM
 #12

I look at the social network of the project, I look at the githab, telegram, if I see that community is alive and work on project is going on, it means that such a project can begin to grow, the price is lower than 1 Satoshi is not a death rate.

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May 05, 2019, 05:34:42 AM
 #13

We already know loads of tokens that come to the market with their values way less than 1 satoshi as their market value most especially tokens that exist under the ethereum framework. am talking about tokens like Tourist Token (TOTO).
https://coinmarketcap.com/currencies/tourist-token/

What is their fate in the crypto space.?

This depends on the action of the developer.  If the developers continue to deliver and they have mad some adjustment regarding their total supply, if they have too much, such as burning or locking the part of the token.  If they continue to build their community and do a lot of innovations in the industry, for sure the value of their token would increase thus, their fate would be good.  Else if they fail to do anything then they will be doomed to oblivion.

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May 05, 2019, 05:49:47 AM
 #14

Some of coins that have such value are dead and left by developers. If such project will continue developing and developing their product or service, they might go back to the market.

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May 05, 2019, 06:31:10 AM
 #15

First of all, you should pay attention to trading volumes. Then find out something about the project activities. In most cases, it is difficult to find any specific information. I think that in the future such assets will die. ->
Scammers are pretty tricky: uncertainty around a project. What does not allow anyone to directly accuse them, at the same time, some investors continue to hope for the best Grin.
Thus, a cheap coin does not mean a lot of potential. Though for some time short-term pump are possible.

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May 05, 2019, 06:42:13 AM
 #16

For all altcoins that have values under one satoshi has no guaranteed of been alive till bullrun make a come back but last bullrun did proven to be effective on these kinda low valued altcoins ,they eventually hit 20-30sat last bullrun ,even some make the biggest profits from such altcoins

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May 05, 2019, 06:44:24 AM
 #17

I think since past until now, there are a lot of altcoin that already died. After delisted on all market, nothing that user can do except save it and make it souvenir in a wallet. That is why we must careful to pick low volume coin in market because it have risk as big as it's profit when get pumped.

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May 05, 2019, 06:53:38 AM
 #18

because those coins sometimes can get unbelievably huge pumps they won't die anytime soon although they are all technically dead and some of them don't even produce new blocks anymore for a very long time.
it has always been so much easier to pump these coins too and that is why they are pumpers' favorite. for example you can see one of these dead coins that is worth 0.001 saothi to go up to 0.1 satoshi and that is 100x pump which can give you a gigantic profit. imagine investing 0.01BTC in it and cashing out 1 bitcoin!

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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May 05, 2019, 07:09:19 AM
 #19

no future for them unless the team and developer working on it
they should buy back if wanna price greater than 1 sathosi
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May 05, 2019, 02:40:21 PM
 #20

We already know loads of tokens that come to the market with their values way less than 1 satoshi as their market value most especially tokens that exist under the ethereum framework. am talking about tokens like Tourist Token (TOTO).
https://coinmarketcap.com/currencies/tourist-token/

What is their fate in the crypto space.?
The price of a token means nothing. For getting an accurate impression if the token is undervalued or overvalued, the total supply of a coin / token has to be considered in addition to the price. If there is a huge supply of coins or tokens created, the price will be lower per coin. Let's take BTC and EOS a an example:

For BTC the total supply is 21,000,000.
For EOS the total supply is 1,044,419,959 EOS.

So, there are much more EOS in total created that BTC. Important is the scarcity of an asset and the lower number of all total created BTC makes every BTC more scarce compared to EOS. To calculate the marketcap you need to take supply*current price.



For your coin it means: the total supply is very high (7,500,000,000) and that makes a low price very meaningless.



a huge total supply is not a big issue in cryptocurrencies, as you can see a lot of project with huge supply can growing hard
for me, the main issue in that project is only the low trading volume and maybe the dev should be more active in development and marketing too
so, the price could spike up  Wink

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