How is it possible there are altcoins costing more than BTC?

[kooboat]

Bear in mind that most of these coins with high prices per token when compared with bitcoin comes in small supply and volume. There are many of such coins, the decimals are too much to the extent that most traders even shy away from trading with it. This is how far come the names sound weird to some people.

[Vishnu.Reang]

It surprises me that many of the posters here don't know basic mathematics. It is not the unit price that matters. In cryptocurrency market, it is the market capitalization that matters. And in that regard, Bitcoin is far ahead of the other coins. Take the case of fiat currency as well. For example, one Kuwaiti Dinar is equal to 3.27 US Dollar. But no one would believe you if you claim that KWD is more powerful than the USD.

[ATSgrowth]

Because they have low circulating supply (not many coins are issued), the price of one coin is calculated by this formula: total market cappitalization/ circulating supply.  

[btcholder]

<snip>

Of course because of Circulating Supply. 42 coin supplyed only 41.99 coin but other hand btc already supply 18.2M so of course this is the main reason why 42 coin value more than btc. I surprised this old coin still in CMC although it's a shit coin and not worthy to invest in my opinion. And clearly price tag don't show projects value. I hope you can more dig about circulating supply here.

[Twinkledoe]

It surprises me that many of the posters here don't know basic mathematics. It is not the unit price that matters. In cryptocurrency market, it is the market capitalization that matters. And in that regard, Bitcoin is far ahead of the other coins. Take the case of fiat currency as well. For example, one Kuwaiti Dinar is equal to 3.27 US Dollar. But no one would believe you if you claim that KWD is more powerful than the USD.

That's a good example to show the logic in this case. 42coin though the price is higher than bitcoin, are there many crypto users that are familiar and using this coin? Where can you use this 42coin? They maybe higher in price but the market cap is incomparable to bitcoin.

[vvu351]

It surprises me that many of the posters here don't know basic mathematics. It is not the unit price that matters. In cryptocurrency market, it is the market capitalization that matters. And in that regard, Bitcoin is far ahead of the other coins. Take the case of fiat currency as well. For example, one Kuwaiti Dinar is equal to 3.27 US Dollar. But no one would believe you if you claim that KWD is more powerful than the USD.

That's a good example to show the logic in this case. 42coin though the price is higher than bitcoin, are there many crypto users that are familiar and using this coin? Where can you use this 42coin? They maybe higher in price but the market cap is incomparable to bitcoin.

The price depends on the number of coins issued, on emissions and inflation. No need to pay attention to such Altcoins.

[adzino]

That coin is really scarce for which the price of "42 coin" is really high (around 20k according to your charts). But this doesn't mean that the 42 coin is better or can take over bitcoin. The price doesn't really matter in this case. Look at the market capitalization. Bitcoin easily beats the market capitalization of "42 coins" and the latter coin is far away from the top. Compare the trade volumes too, you will see that bitcoin is one of the most traded crypto currency, where as 42 coins are rarely traded thus showing us that the demand for bitcoin is higher than 42 coin.

[IMZ Noo Account]

'There are many of such coins'

Nuh.

There is one other successful rare crypto. The 'hyper-deflationary' craze failed miserably.

42-coin is the only successful deflationary 'instrument' on Planet Krypto. Same dev since its re-launch four years ago. Provides both public and private txes. Got an encryption engine in its QT. Got long-timer community.

Check its 1Y chart. Hundreds of cryptos have not recovered from the spike in Bitcoin dominance that began in April last year. But 42 is outstandingly stable -- almost boringly stable. The community keeps the buy-sell pretty tight. It's traded on three exchanges.

And the world is heading into inflation/hyper-inflation.

P.s.: thanks to those on this thread who made accurate comments.

[sandra_x]

The price of these alts does not really indicate the value and are in no way comparable to bitcoin. Their total or circulating supply is often very low, giving them a small market cap.Also, Investors are not willing most times to take these coins as is often reflected in their trade volume,low trade volumes. The real value for many of them is far from those quoted,it can shed 90 percent in just 24hrs

[Japinat]

The price of these alts does not really indicate the value and are in no way comparable to bitcoin. Their total or circulating supply is often very low, giving them a small market cap.Also, Investors are not willing most times to take these coins as is often reflected in their trade volume,low trade volumes. The real value for many of them is far from those quoted,it can shed 90 percent in just 24hrs

This is not about the cost of a coin as anyone can create a very low supply to result a high cost, it's about how the project would succeed in the long run.
Bitcoin even cost almost worthless from the very start, but we manage to raise up the price because we believe on its potential in the future.

[slaman29]

It's all in the numbers. And it doesn't really matter at the end of the day. Altcoins that cost more than BTC will have far less circulating supply.

Look at it this way. If you own 1 US dollar, you own 2 Singapore dollars, or 14,500 Indonesian rupiah;) That's normal right?

[Denreal]

Volume should be one of the criteria to judge whether a coin is valuable or not. Most of the coins mentioned when compared with Bitcoin have very low volume. So, you cannot imagine buying and finding it difficult to liquidate your fund, when there is a need for it.
Maker and other forks with very low prices are still okay. BSV also has controversies for quite some time.

[cassavachips]

I know 42 coins are quite long and indeed the price is very expensive than the price of bitcoin. That's natural because it has a small supply. Even so, they still can't beat bitcoin.