If the amount of coins is really high the price cant go very high, if there are less coins the price can go very high, this is because of the supply and demand,
Same demand but less supply = more expensive
Same demand but more supply= less expensive
The demand of a coin changes based on the team backing it up, or the news or just hivemind mentality, let me give u an example
TRX = tron has a 100 billion amount of coins while BTC= bitcoin has a 21 million supply, if the demand is the same btc price will be much higher then trx
XRP= Ripple has a 99 billion supply FYI.
What u should be doing is choose a coin that has a good team, good whitepaper(the place where the developer says what he wants to do with the coin) and good companies backing it up and HODL, because what really matters is the % of gains and not how expensive the coin can be, i will name a few:
XLM= has ibm
IOTA = bosch
XRP = The banks(i dont like banks so i dont buy this one)
Capps = Nvidea
TRX = Justin Sun (not a company but i trust this dude, even though he likes to tweet a lot)
VEN = Chinese gov
I might not be the best at explaining this since english is not my native language... but the core part is put the money in trustworthy coins, backed by companies and good whitepapers and hodl, dont daytrade just hodl
Cheers
Can u list 5 goodcoins to hodl for for 6 months out and then 9-12months out say i have 1k to invest and diversify it what is everyone’s recommendations?
NEO:ETH:XLM:XRB:VEN any of this coins will raise the price as the time goes on, just diversify between them and sell whenever u want, i would advise selling in december, the price usually starts going up around may and comes down in december january...
ah ok. yea everyone gets past tax season and are ready to invest lol... I like NEO and XLM as well. VEN isn't that pricy for now or it doesn't matter bc the cap justifies the coin price