We've just added feature to our comparison tool. You can compare coins by their levels of supply (either total or circulating). We normalise the price of the coin by removing unit bias. This feature gives you a good view of the coins that look "cheap" but are probably not as cheap as they seem.
E.g: We assume that ADA had the same circulating supply as BTC, and use the formula (ADA Supply / BTC supply * ADA Price) to remove unit bias. Under these conditions, ADA price would be $ 1,020. Matching by total supply, ADA price = $ 1,419
It's definitely not as cheap as it seemed. See more at: http://matchcoins.info/?c1=bitcoin&c2=cardano
I hope you'll find it useful. Any feedback is very welcome.
E.g: We assume that ADA had the same circulating supply as BTC, and use the formula (ADA Supply / BTC supply * ADA Price) to remove unit bias. Under these conditions, ADA price would be $ 1,020. Matching by total supply, ADA price = $ 1,419
It's definitely not as cheap as it seemed. See more at: http://matchcoins.info/?c1=bitcoin&c2=cardano
I hope you'll find it useful. Any feedback is very welcome.
This is effectively what market cap gives an indication of but it's a useful comparison tool to have for those who can't or won't take the time to look in to it themselves. Or simply for those who do not understand. I think there's definitely a bias both ways, many people look to buy 'cheap' coins because they see large potential returns, at the same time people like to buy 'high' priced coins because they see the large dollar value and think that reflects the strength of it.