the circulating supply is not very important to me and what is important in my opinion is the total supply, because a lot of total supply also has an impact on the price, make the price is difficult to increase very high (unless there is a burn), but what I avoid the most is an unlimited total supply, because it is very risky and makes me never invest in the project (unlimited total supply).
Circulating supply is very important if you have short to medium term investment intentions. The limited circulating supply in the market gives altcoins the opportunity to increase sharply before the total supply is released and circulated.
Unlimited supply does not tell if the project has potential or not, let's not forget that ETH is also a coin with unlimited supply, and it is the queen of altcoins. To evaluate a project with potential or not, I think it needs a lot of factors, supply is just a small factor that is not too important.