if you're new to the space PLEASE READ THIS. You can't, I repeat CAN NOT compare buying a coin (lets say Komodo - KMD) at $10 to buying a coin (lets say verge -XVG or Tron - TRX) at 20 cents. KMD supply - 103 million. XVG supply 14.5 billion. People please please learn the basics of the coin supply/price relationship. I'm convinced this oversight is whats causing these "low priced' coins to moon. People don't understand that a 20 cent XVG is actually valued higher, relatively speaking, than a $10 dollar KMD, you have to compare their marketcaps. It should be one of the very first things you learn when you get into the market and so many people here just can't grasp it so they think that when they buy a 20 cent coin they're getting an amazing deal. NOOO :( a 20 cent coin with a 14.5 billion coin supply will almost certainly never go to $100, it will have a heck of a time even getting to $10. For example if Verge were to go to $10 it would have a Marketcap of 145 billion, which would be second only to bitcoin currently. I'm sorry people, but verge is not going to be bigger than ethereum or anywhere close. The numbers are even crazier for Tron given its supply is currently 66 billion. A $10 Tron would give it a market cap of 660 billion, that's close to the entire markets current value! On the flip side, for KMD to go to $100 its market cap would be 10.3 billion. Please understand how much more reasonable that is. You HAVE TO consider the supply when looking at potential coins to invest in, so please do your homework people.
i appreciate your post ^@^! Thanks.
You are welcome
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Already done :)
done from my side
Me too
i enjoy your post ^^! Thanks.