You have to take into account total supply, circulating supply and also Market cap. Work out the inflation on a coin over a period of 2-10 years and figure out if prices now are correct for the coin or not.
A cheap coin does not mean its actually cheap
Topic: Coins with price lower price has more chances to moon? - page 3. (Read 2003 times)
The low or high price of a coin, large or small capitalization, all loses its meaning when the whole market is growing. If BTC and ETH grow 2-3 times, then all coins, regardless of their value, grow proportionally. It's simple: an interesting promising project and a professional team should stand behind the coin.
it is not about his price. it is about their projects. most of coins drop 0.0000001 btc and get 0 after some time. be careful when you take lowerprice coins.
You should look at the Marketcap of a coin rather than its price,
A Coin with 100,000,000,000 is unlikely to "Moon" if its market cap is already in the billions, however if its market cap is 5 million, it is much more likely.
A Coin with 100,000,000,000 is unlikely to "Moon" if its market cap is already in the billions, however if its market cap is 5 million, it is much more likely.
The low or high price of a coin, large or small capitalization, all loses its meaning when the whole market is growing. If BTC and ETH grow 2-3 times, then all coins, regardless of their value, grow proportionally. It's simple: an interesting promising project and a professional team should stand behind the coin.
It may just be because certainly, that has low prices still have the chance of wide open to be able to rise to the high prices. but not necessarily render the warranty too for this. coin of low value is also sometimes could not rise again and even getting down and become junk coins.
Coins with a low value like $ 0.1 or under 1 dollar are likely to rise and fall quickly in a short time and that is something traders already know,
Even though coin supply and market cap are the real numbers to use instead of price alone, plenty of people do not know or understand this. Furthermore, you can buy more coins of a cheap coin so that appeals to many people also. Irrespective of this, the coin should have good fundamentals and team to avoid getting caught in a quick pump and dump that is more severe in coins with huge supplies.
The total market capitalization should still be considered instead of the price alone but then as what you said, many people are still thinking that the lower price has a chance of going up than those high price coins. Take for example as to what happen with ripple months ago when the cryptocurrency market is hype and when they saw that it would be better to buy ripple because it is cheaper and they can buy a lot with it compared to bitcoin then ripple moon at that time.
Even though coin supply and market cap are the real numbers to use instead of price alone, plenty of people do not know or understand this. Furthermore, you can buy more coins of a cheap coin so that appeals to many people also. Irrespective of this, the coin should have good fundamentals and team to avoid getting caught in a quick pump and dump that is more severe in coins with huge supplies.
A coin with a total supply in the billions will never reach the price per coin of eth. So I think your friends are being newbies.
there are still a lot of factors for a coin to moon, Keep in mind that there are numerous altcoins in the market currently and add the factor that there are different kind of investors. while you can easily purchase a number of coins at a low value it still needs to be a collective effort for a currency to moon.
One coin being cheaper than another one doesn't matter, because you have to take into account the total supply of a coin.
not price, but marketcap
This is not always the case, you have to check market cap as well to see if a project is undervalued or overvalued.
I always thought that initial coin price is not important, because there is no difference between buying 1000 coins at $0.001 or 0.001 coin at $1000. Buy most of my friends who are newbie in crypto prefer buying low cost coins ("BTC is already $15000 but Rillple is still cheap").
Maybe that means that new people coming to crypto would prefer new altcoins (especially altcoins with lower price and more total supply) rather then BTC, ETH and other > 1000$ coins?
Also with cheaper coins it's simply easier to calculate whey purchasing something with crypto. I'm sure everyone is using calculators while trading on BTC/* pairs))
As you can purchase a more coin from investing in other currencies with a lower value, you can feel the profit in every increase it takes in the market. But keep in mind that this does not mean that you cant earn bigger with the major altcoins in the market. BITCOIN and ETHEREUM for example is a well established coin and has a lower chance of being bankrupt. I suggest to analyse the currency that you would like to invest and take precaution as you go. it will also be wise to split your initial investment to maximize your capital. Maybe that means that new people coming to crypto would prefer new altcoins (especially altcoins with lower price and more total supply) rather then BTC, ETH and other > 1000$ coins?
Also with cheaper coins it's simply easier to calculate whey purchasing something with crypto. I'm sure everyone is using calculators while trading on BTC/* pairs))
I think that many new coins appear and very quickly disappear from the market. There are coins before with very low cost, which have now grown very much.
The low price of the token is not an indication that it will show good growth. The low price in most cases shows either a small capitalization of the project, or a very large emission. Therefore, do not take the price of the token for the main criterion for investing.
I always thought that initial coin price is not important, because there is no difference between buying 1000 coins at $0.001 or 0.001 coin at $1000. Buy most of my friends who are newbie in crypto prefer buying low cost coins ("BTC is already $15000 but Rillple is still cheap").
Maybe that means that new people coming to crypto would prefer new altcoins (especially altcoins with lower price and more total supply) rather then BTC, ETH and other > 1000$ coins?
Also with cheaper coins it's simply easier to calculate whey purchasing something with crypto. I'm sure everyone is using calculators while trading on BTC/* pairs))
Maybe that means that new people coming to crypto would prefer new altcoins (especially altcoins with lower price and more total supply) rather then BTC, ETH and other > 1000$ coins?
Also with cheaper coins it's simply easier to calculate whey purchasing something with crypto. I'm sure everyone is using calculators while trading on BTC/* pairs))
It's part of basic trading principles and some may even argue, part of common sense, that stocks or coins with lower valuations have more potential to "moon" or increase in value. However, this is not always a great strategy because low value coins are most often valued at a low price because they have little potential to grow.
To lessen the risk, investing in low value but HIGH VOLUME coins may be better.
Better do some researching, studying, and analyzing first before investing. It doesn't mean that the lower priced alts are the ones with highest chance of pumping. You should consider their marketcap, the lower/smaller the marketcap the better.
No, I think that is a myth that will gradually be banished from this market, because although apparently an altcoin whose current price is one satoshi it only needs to be worth two satoshis to generate a 100% profit, but due to its low liquidity it is very easy to manipulate and many people have lost money trying to make easy profits with such pump and dump investments.
In addition, there being so many thousands of cryptocurrencies on the market, it is more likely that a low-value altcoin tends to fall into oblivion rather than becoming a valuable currency over the years.
In addition, there being so many thousands of cryptocurrencies on the market, it is more likely that a low-value altcoin tends to fall into oblivion rather than becoming a valuable currency over the years.
that is correct. low value coins aren't always a good option. There are other things you have to consider before investing your hard earned btc/money. I have seen people losing a lot of money going after low value coins which didn't have any development and it eventually turned into pnd before it got removed from exchange.
Not all coins are capable of this. Take coins such as cardano, stellar in both their prospects and indicators at altitude and they really will rise several times. And let's say let's golem, I do not think that the coin is able to show something above the level that was before the crisis, at the dollar's level its maximum.
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