Topic: is cryptocurrency of smaller value more likely to be double? (Read 128 times)
It is not just about the demand and supply law. Maybe you can search deeply on what are the factors that may affect this type of currency? where this type of crypto came from? Aside from that, you can analyze their graphs or charts projected almost every minute and day, with that it can be possible to predict whether the price will decrease or increase
The price of the cryptocurrency all comes down to demand and it's availability in the market. It is not true that the lower priced crypto currency has to double over time. There some other which double due to it's potential but fall just as fast. If you estimate the altcoin's value will increase in future buy it.
Just like everything else, the more demand there is, the higher the value will grow. It does not matter whether the cryptocurrency is of a low value, once the potential is clear, investors will start buying it and the price will rise. The most important thing is the usability of this cryptocurrency.
Agreed. It does not matter what the product is if there is a high demand for that. It's all about offer and demand. The higher the demand, the higher the price.
Just like everything else, the more demand there is, the higher the value will grow. It does not matter whether the cryptocurrency is of a low value, once the potential is clear, investors will start buying it and the price will rise. The most important thing is the usability of this cryptocurrency.
The values of different kinds of cryptocurrency differ a lot. bitcoin now worth more than 10,000 US dollars each, but it came to be less possibly double again.
In contrast, the values of other small cryptocurrency often double or even rose to several times in a short time. In the case of equivalent technology and promotion, the smaller value the currency is, the more likely to be double? Is there such a trend?
In contrast, the values of other small cryptocurrency often double or even rose to several times in a short time. In the case of equivalent technology and promotion, the smaller value the currency is, the more likely to be double? Is there such a trend?
No such trend exists. However, the value of a crypto currency depends on its market cap and the acceptability. Bitcoin, being a pioneer of crypto currency market is used by the majority of the new comers in the market. means a lot of people enters in to crypto market through bitcoin. That is the reason why bitcoin is termed as the most popular crypto currency.
However, those who are tenured investors of crypto, they always try to explore new options to follow the rule of diversification. The technologically superior altcoins are most likely to be doubled due to its own potential. There are lot of altcoisn who often rise to 40% but then goes back to the initial value very often. But doesn't really follow a trend.
In my opinion, the prices of crypto don't double just because their prices are low. The low prices just allow new buyers to get in and purchase a good amount of crypto for a relatively decent price. The main contributing factor behind a crypto's growth is the technology behind it. As time goes on, I think more and more investors are looking to keep a bag and portfolio filled with cryptocurrencies that have value. That back a service or physical product. As more companies with a decent amount of capital start entering the space, more and more pump-and-dumper fly-by-night developers will stop trying to create a shitcoin to ride the coattails of BTC.
Research any altcoins that you are looking to get into, and the general rule is that if it makes sense to you, it will make sense to others. If you see the value in the coin, buy it, as others will do the same. That, IMHO, is how digital currency gains its true value.
Research any altcoins that you are looking to get into, and the general rule is that if it makes sense to you, it will make sense to others. If you see the value in the coin, buy it, as others will do the same. That, IMHO, is how digital currency gains its true value.
In the case of equivalent technology and promotion, the smaller value the currency is, the more likely to be double? Is there such a trend?
You could think about it this way, although it's slightly more complex than your explanation.
The opportunity for a currency to double is really based on the ability for demand to increase over time (while supply stays the same). Price growth should slow over time as more people own bitcoin. Once more people own bitcoin there's less need for people to get in as "new entrants" to the market.
There's a psychological element that comes into play as well. People may believe that any investment under $1 or $5 is not worthy of their money or perceived as too high risk.
The values of different kinds of cryptocurrency differ a lot. bitcoin now worth more than 10,000 US dollars each, but it came to be less possibly double again.
In contrast, the values of other small cryptocurrency often double or even rose to several times in a short time. In the case of equivalent technology and promotion, the smaller value the currency is, the more likely to be double? Is there such a trend?
In contrast, the values of other small cryptocurrency often double or even rose to several times in a short time. In the case of equivalent technology and promotion, the smaller value the currency is, the more likely to be double? Is there such a trend?
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