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August 03, 2021, 08:02:47 AM |
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This argument has been around for a long time now, at least I have seen people doing so, with one party agreeing that supply doesn't matter while another says it does, but when XRP pump happened of which it got to All Time High, that perspective was changed I think that might be one of the reasons why many coins now have a lot of supplies (just assuming). Also about market cap, most coins with many total supply finds it easier to pump as user will buy in large quantities thus making it possible for those with little funds to get involved, and the more it pumps and remove a "0" the more happy investors are, although some gets trapped, but same can't be said of most coins with small total supply. I have even noticed that most IEO on good exchanges, the tokens or projects in question always have a somewhat big total supply thus making the IEO price somehow attractive. Nevertheless, the whole idea nowadays is, most projects are gradually going the route of having a very big total supply, which gives everyone a good fighting chance, but the funny thing is, at the end the profits made are being taken back to good coins like BTC. So I would say, that arguement doesn't matter anymore, once a coin have what it takes to be invested with and the person is okay with it, then go ahead.
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