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How do the smaller cryptocurrencies even grow?

  • Thread starter Thread starter Grant
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Grant

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I feel like most of the alternatives to Bitcoin are much lower in price. Litecoin to is worth around $63 per coin and I see Ethereum is doing pretty good at $1,592.34, but can they ever reach the rate Bitcoin can? Can any cryptocurrency reach Bitcoins worth? Bitcoin is currently worth $27,000+ right now.

What cryptocurrencies could reach Bitcoin one day? Ethereum maybe?
 
As we have repeated in other threads, this depends a lot on the supply of coins and the market capitalization of said asset, Ethereum has more than 200 million coins in circulation, and Litecoin has a total of 84 million possible coins, while Bitcoin Apart from being the most popular and with the most market capitalization, it only has 21 million coins, so it is normal that it has that price, Monero, Zcash, and others are just as scarce as Bitcoin, but it does not have it's popularity and market capitalization, so its price is low.

Perhaps Ethereum could reach the price of BTC one day, but it needs a very high market capitalization to achieve it or to greatly reduce its coin supply.
 
Since Bitcoin is the original crypto coin and it completely decentralized coin (there is no company that controls Bitcoin unlike other popular coins like Ethereum, BNB etc.). Most people are interested in top coins and only a few who are risk takers are investing in lesser known coins. Smaller crypto projects can grow only through extensive marketing and getting listed on popular exchanges like Binance and Coinbase. Just by listing on popular coins the value will increase.
 
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