From my little experience with crypto currency, low valued coins are the safer option for one who doesn't have big funds to invest in crypto because the more value of a particular coin one can accumulate, the more the profit.
Many projects like this are always cryptocurrency with a very low circulating supply , but a situation in which it's has a huge circulating supply may not always suitable for investment since they won't necessarily attend a higher price
The circulating supply of a cryptocurrency is not always an issue because I have seen a crypto with a lot of circulating supply and it is doing very well. What I always look at is the potentials and the market cap.
I will challenge you to list out any potential cryptocurrency with a very high circulating supply . 90% of cryptocurrency with more than 5 billion circulating supply is a shitcoin. High circulating supplies makes it difficult to attend reasonable price.
LoL, there are several cryptocurrencies that has high circulating supply that are not shitcoins. some of the time I don't look at the circulating supply rather what I look at is the market cap and the potentials.
Personally when carrying out crypto related research , the most important thing I look for is the circulating supply because I don't just want to be spending my Time to invest in cryptocurrency that won't attained good price tomorrow.
Circulating supply is not the most important thing to look at when making a research. Market cap is even much more important the circulating supply. it is important for you to look at the team behind the project and check the kind of wallets holding the cryptocurrency. it is also important for you to check their social media to know the kind of activities going on there.
Hmmm. The point is that so many people will check out all that but at the end they still fall a victim of crypto scam.. It is never a guarantee that could help you as avoid scam. You should not expect cryptocurrency with better future potential to have trillions of circulating supply
When it comes to cryptocurrency nothing is 100% actual. That is why if you are investing you need to be very careful and take your profit at the right time. I'm always very sceptical on everything difference including Bitcoin.
The point is that even if bitcoins depreciate , it will be very much difficult for you to see bitcoins decreasing by 90% but it is possible in other cryptocurrency with low market cap. Cryptocurrency like phantom has decreased by almost 95% which can't happen with Bitcoin.
Yes, the volatility in low market cap crypto currency is very high. Bitcoin can actually not do that within a short time range but a lot of other cryptocurrencies can do it.
What I have been observing is that when the price of bitcoins drop by three-per-cent , other cryptocurrency drops by 4, 5 to 6% and sometimes 12% depending on the type of cryptocurrency. Does it mean that bitcoins control other cryptocurrencies ?
Cardano is a currency I have been mining for a while and this news only gives me more confidence and encouragement to mine more which is great. I, for one, believe that Cardano is a coin with very good potential which can be solid in the future