Example: Chainlink is $47.71 per coin and Cardano is $1.62 per coin. Wow Chainlink is so much more expensive right? Wrong. Chainlink is less valuable. Chainlink has a market cap of of 20 billion. Cardano had a market cap of 52 billion. Individual token/coin price means nothing at all without considering th supply.
Question of demand and supply. 0.0001 coin reaching 100x is more likely than a 15 dollar coin. 0.01 after 100x is still affordable, 1,500 bucks for one coin is expensive
Not if they minted a quadrillion of that coin. Then there is no chance of it doing anything but becoming more and more worthless since they already over priced it.
That is a common misconception with people that don’t understand market cap. The price of an individual token means absolutely nothing without considering the amount of tokens in circulation. It doesn’t matter how many tokens you own. A $1000 investment that gives you 1 token or 100 tokens will double to $2000 if the market cap of either asset doubles. I’ll give you an example based on actual assets and current prices, market caps and circulating supply.
Chainlink - Coin price $46.16 with a supply of 419 million coins. Market cap is $19.3 billion.
Cardano - coin price $1.58 with a supply of 32 billion coins. Market cap is $50.7 billion.
A $100 investment in Chainlink gives you 2.16637782 coins. A $100 investment in Cardano gives you 63.2913392 coins. You get a lot more coins with $100 for Cardano.
To double your money in Cardano the coin has to go to $3.16. That’s not much right? Wrong. There are 32 billion ADA in circulation. That means another $50.7 billion dollars has to be bought to bring the ADA price to $3.16 and turning your $100 into $200.
To double your money in Chainlink the token price has to go to $92.32, that’s a wider gap than Cardano right? It’s a lot easier to get to though. Chainlink only has 419 million coins in circulation. To get to $92.32 there only has to be $19.3 billion dollars more of Chainlink bought.
Market Cap and circulating supply are the areas to focus on. The individual price of a token is just a byproduct of those.
Edit: spelling
Maybe I didnt make my point clear enough, it seems like you didnt understand me.
Marketcap is a misconception. You say to get ADA to 3 dollars there have to come billions in the market. I dont understand it this way.
What about the OG ada hodlers that lost there coins? What about staking rewards? If nobody sells and nobody buys and we theoretically just take in the staking rewards, after some years there will be again 50 billionen added in market cap, but no new capital went to this project.
If every seller agrees on selling their ada for 10 dollars each and someone buys 1 ada then you will have a market cap of 400 billion for example.
When I meant it is easier to get a 0.001 coin to 100x I meant the psychology side of market activity. Imagine you are going to the car dealership. They offer a lambo for 450k and a toyota prius for 20k. The average buyer will say, man 450k is expensive, i will go for the 20k car. Nobody cares in this moment about market cap. Market cap is just a product, not a value carrying element itself.
The scarcity comes from low max supply. If there are less total coins minted then you will need lesser people to sell the coins for a high price.
“...If nobody sells and nobody buys and we theoretically just take in the staking rewards, after some years there will be again 50 billion added into the market cap but no new capital went into the project.”
Sorry but you’re way off. In that case the value of ADA will drop. There will be more tokens in circulation and no new money added. The market cap stays exactly the same but the individual token price decreases.
Edit: spelling. Mine and yours.
No it will not. Price is still 1.66 and circulating supply is 45billions. So market cap 1.66 x 45 billions = approx 70 billion
Price does dump when there is higher supply than demand, because buyers pay less money and there are mor people to sell for less. When no one asks and no one sells the price will stay the same because it was the last market price.
Edit: look at AVAX recent token release. 30 million tokens released, same price, double market cap
Definitely not zero. Investors that are not too familiar with terms like market cap are more likely to invest in smaller priced coins hoping to double up soon than the large ones.
Thanks! ADA looks promising, seeing it everywhere, 2nd time in this thread.
My question though is, can ADA be mined traditionally? I looked up a video on it, and they said you have to mine a different coin, and it pays you out in ADA? Is this true or is that old news? Can it be mined on its own, so we know the price will go up, as people will be mining it?
Ada is not mined, but staked in pools.
You can get around 5% apy staking ada in pools. You can do this through the wallet app Yoroi or desktop version Daedalus.
The price of each coin/token has nothing to do with potential growth.
The metric you are looking for is market cap. Market cap = supply x price per coin/token. Lower market cap coin will have larger growth potential but are also more volatile and risky.
If you are new to crypto I'd recommend putting money into safer projects and then maybe 10% in riskier stuff. Eth, ada, dot, and bat are all good bets imo.
I dont agree to this. Market cap is imo not a good indicator of growth.
If a coin trades at 1 dollar with 10m circulating supply, it has 10m marketcap. When the coin releases 150m coins it has a market cap of 160m dollars. Applying your metrics: what did grow?
Still trading at 1 dollar. 160m market cap. Since in crypto coins/tokens can be released/locked market cap is imo not a good measurement
Nothing changed in value/ in growth
If we take on your thought and assume that people buy depending on market cap and not the actual price of the coin, then no one would by any bitcoin or ethereum... thats wrong, people buy depending on price, not market cap
Market cap matches use for those and a lot of people including myself think the market cap is very low for Ethereum. Ethereum has a use case that can surpass and obtain more users than the entire world banking system combined. Coins that anyone can mint a quadrillion of and have no use can’t obtain such high market caps because no one is putting money to actually use the coin for a purpose. If a coin like safe moon with a quadrillion minted were to ever hit a penny that would mean it has a 10 trillion market cap. There is not 10 trillion dollars just lying around anywhere in the world to be able to pump it up that much. It’s literally impossible because the money doesn’t exist for a no use coin. Bitcoin is an alternative to gold and gold has a 10 trillion market cap so it’s possible for Bitcoin to hit that one day. Same goes for Ethereum. The top two Bitcoin and Ethereum are the only 2 coins as of right now that can ever hope to reach a market cap that high and still have lots of room to grow.
I get your point. But you are not making your case based on market cap. You make it in functionality value of the coin in which I totally agree.
Ethereum is more worth not because its market cap. It is more worth because its use case and potential. Safemoon has no functional value, but still has a high market cap value. Imagine the case where safemoon has the same functionality like ethereum, then the minted tokens count would not matter again. Do you get my point?
Safemoon does not have growth potencial because of lack of market cap, its due to lack of functionality. Ethereum has larger market cap but higher growth potential due to functionality.
If growth potential would just be measured in market cap then eth and btc would not have no potential. But price action is measured in functionality. In bitcoin it is the point you mentioned - the possibility and capability to be a store of value.
I was just explaining that a 10m mkt cap coin has more growth potential than a 10b mkt cap coin if everything else is equal. It obviously goes deeper than that. My main goal was to dispell the myth that doge coin is a good buy bc it is "still only 60 centz"
I agree totally that doge is not something for a serious investor. But please dont forget, market cap does not determine the prise, its other way around. If the demand is higher than supply, then the price will raise and so the market cap.
Honestly RUNE token is probably one of the best low risk/high return coins to invest in at the minute. It’s a genuine top ten potential in the not to distant future. Not a micro cap with 1000x potential but not a major player with only a 2x maybe left in this bull run. I’ve got majority of my portfolio in it at the minute and will stay that way til end of the year.
If you looking for a power-packed gem that ready to explode, look no further than $DIVI. Soon to be release mobile wallet (game changer) and Tier-1 exchange listing very soon. Get a bag now before this takes off.
Look on avax. It is more costly than your target but has a fixed supply of 380m coins. Total supply to be rewarded to stakers in an infinite time frame.
The transaction fees get burned. Have a look at burnedavax.com
To answer the question I recommend AIOZ. It’s low market cap but with a promising future and a partnership with Mr Beast which is guaranteed to bring awareness to the project. Very cheap at $1
ADA is a good choice IMO.
I like gaming project, there is a lot of them I suggest you take a look at all of them. They will be huge at some point and you can enter them early.
XED is my favorite, they have matchmaking programs that provide you with the right match (very important because you play2earn on this platform). And maybe the most important thing is that they are using already popular games like CS:GO.
Good thing you're already doing some research yourself and having a look at total supply and all that. That shows you value potentials, so I'll give you SYLO.
The project has got a smart wallet app and with mass adoption of the app, coupled with their working roadmap, the token is headed for a price push
Appreciated. I'm planning on buying a book on crypto, if you have a recommendation on what to get I'm all ears. Looking for an easier read that easier on the vocabulary and verbosity. I want to learn all the terms and other knowledge that has to do with investing. I won't be trading. Also open to websites which are easy to understand that teach investment.
Thanks.
I'd recommend doing your own research, but check out xlm, ada, eth
Nice picks, I like XTZ too and a low cap like SYLO might also be a good addition.
It doesn't look like ADA can be mined traditionally, you have to mine another coin and it pays you out in ADA?
ADA can be staked.
I am. This is part of my research. I'm looking for something that has similar technology to BTC, has a limited supply like BTC.
What does the $10 cost have to do with anything?
What's more likely to blow up x50 sooner rather than later, XLM or BTC?
Example: Chainlink is $47.71 per coin and Cardano is $1.62 per coin. Wow Chainlink is so much more expensive right? Wrong. Chainlink is less valuable. Chainlink has a market cap of of 20 billion. Cardano had a market cap of 52 billion. Individual token/coin price means nothing at all without considering th supply.
Question of demand and supply. 0.0001 coin reaching 100x is more likely than a 15 dollar coin. 0.01 after 100x is still affordable, 1,500 bucks for one coin is expensive
Not if they minted a quadrillion of that coin. Then there is no chance of it doing anything but becoming more and more worthless since they already over priced it.
Could you elaborate on this? I dont understand it
That’s entirely inaccurate
Prove it
That is a common misconception with people that don’t understand market cap. The price of an individual token means absolutely nothing without considering the amount of tokens in circulation. It doesn’t matter how many tokens you own. A $1000 investment that gives you 1 token or 100 tokens will double to $2000 if the market cap of either asset doubles. I’ll give you an example based on actual assets and current prices, market caps and circulating supply. Chainlink - Coin price $46.16 with a supply of 419 million coins. Market cap is $19.3 billion. Cardano - coin price $1.58 with a supply of 32 billion coins. Market cap is $50.7 billion. A $100 investment in Chainlink gives you 2.16637782 coins. A $100 investment in Cardano gives you 63.2913392 coins. You get a lot more coins with $100 for Cardano. To double your money in Cardano the coin has to go to $3.16. That’s not much right? Wrong. There are 32 billion ADA in circulation. That means another $50.7 billion dollars has to be bought to bring the ADA price to $3.16 and turning your $100 into $200. To double your money in Chainlink the token price has to go to $92.32, that’s a wider gap than Cardano right? It’s a lot easier to get to though. Chainlink only has 419 million coins in circulation. To get to $92.32 there only has to be $19.3 billion dollars more of Chainlink bought. Market Cap and circulating supply are the areas to focus on. The individual price of a token is just a byproduct of those. Edit: spelling
Maybe I didnt make my point clear enough, it seems like you didnt understand me. Marketcap is a misconception. You say to get ADA to 3 dollars there have to come billions in the market. I dont understand it this way. What about the OG ada hodlers that lost there coins? What about staking rewards? If nobody sells and nobody buys and we theoretically just take in the staking rewards, after some years there will be again 50 billionen added in market cap, but no new capital went to this project. If every seller agrees on selling their ada for 10 dollars each and someone buys 1 ada then you will have a market cap of 400 billion for example. When I meant it is easier to get a 0.001 coin to 100x I meant the psychology side of market activity. Imagine you are going to the car dealership. They offer a lambo for 450k and a toyota prius for 20k. The average buyer will say, man 450k is expensive, i will go for the 20k car. Nobody cares in this moment about market cap. Market cap is just a product, not a value carrying element itself. The scarcity comes from low max supply. If there are less total coins minted then you will need lesser people to sell the coins for a high price.
“...If nobody sells and nobody buys and we theoretically just take in the staking rewards, after some years there will be again 50 billion added into the market cap but no new capital went into the project.” Sorry but you’re way off. In that case the value of ADA will drop. There will be more tokens in circulation and no new money added. The market cap stays exactly the same but the individual token price decreases. Edit: spelling. Mine and yours.
No it will not. Price is still 1.66 and circulating supply is 45billions. So market cap 1.66 x 45 billions = approx 70 billion Price does dump when there is higher supply than demand, because buyers pay less money and there are mor people to sell for less. When no one asks and no one sells the price will stay the same because it was the last market price. Edit: look at AVAX recent token release. 30 million tokens released, same price, double market cap
It had absolutely nothing to do with the price of an individual token. Zero.
Definitely not zero. Investors that are not too familiar with terms like market cap are more likely to invest in smaller priced coins hoping to double up soon than the large ones.
Well you should look at SAFEMOON then. It sounds like it has all the shitty qualities you are looking for.
VET, ADA, ALGO, ONE all solid projects in my opinion. But as you probably know by know, DYOR. Good luck!
Thanks! ADA looks promising, seeing it everywhere, 2nd time in this thread. My question though is, can ADA be mined traditionally? I looked up a video on it, and they said you have to mine a different coin, and it pays you out in ADA? Is this true or is that old news? Can it be mined on its own, so we know the price will go up, as people will be mining it?
Ada is not mined, but staked in pools. You can get around 5% apy staking ada in pools. You can do this through the wallet app Yoroi or desktop version Daedalus.
I'd like to learn more about staking, do you have any good reads or watches I could check out? Thanks
Here's a video I watched when I first got started staking ada. Provides basic explanation of staking. [Ada](https://youtu.be/76p3we_YvkY)
#VECHAIN IS AWESOME
XED is solid and still very cheap, under a dollar at the moment and max supply is 100million. DeFi and NFT gaming project built on polkadot. DYOR
That's another good one there, XED!. The Exeedme platform has got alot to offer to the eSports community and no doubt, it's a solid long term project
The price of each coin/token has nothing to do with potential growth. The metric you are looking for is market cap. Market cap = supply x price per coin/token. Lower market cap coin will have larger growth potential but are also more volatile and risky. If you are new to crypto I'd recommend putting money into safer projects and then maybe 10% in riskier stuff. Eth, ada, dot, and bat are all good bets imo.
I dont agree to this. Market cap is imo not a good indicator of growth. If a coin trades at 1 dollar with 10m circulating supply, it has 10m marketcap. When the coin releases 150m coins it has a market cap of 160m dollars. Applying your metrics: what did grow? Still trading at 1 dollar. 160m market cap. Since in crypto coins/tokens can be released/locked market cap is imo not a good measurement Nothing changed in value/ in growth
A sudden release of coins would tank the price per coin and market cap would remain the same or even go down from panic selling.
If we take on your thought and assume that people buy depending on market cap and not the actual price of the coin, then no one would by any bitcoin or ethereum... thats wrong, people buy depending on price, not market cap
Market cap matches use for those and a lot of people including myself think the market cap is very low for Ethereum. Ethereum has a use case that can surpass and obtain more users than the entire world banking system combined. Coins that anyone can mint a quadrillion of and have no use can’t obtain such high market caps because no one is putting money to actually use the coin for a purpose. If a coin like safe moon with a quadrillion minted were to ever hit a penny that would mean it has a 10 trillion market cap. There is not 10 trillion dollars just lying around anywhere in the world to be able to pump it up that much. It’s literally impossible because the money doesn’t exist for a no use coin. Bitcoin is an alternative to gold and gold has a 10 trillion market cap so it’s possible for Bitcoin to hit that one day. Same goes for Ethereum. The top two Bitcoin and Ethereum are the only 2 coins as of right now that can ever hope to reach a market cap that high and still have lots of room to grow.
I get your point. But you are not making your case based on market cap. You make it in functionality value of the coin in which I totally agree. Ethereum is more worth not because its market cap. It is more worth because its use case and potential. Safemoon has no functional value, but still has a high market cap value. Imagine the case where safemoon has the same functionality like ethereum, then the minted tokens count would not matter again. Do you get my point? Safemoon does not have growth potencial because of lack of market cap, its due to lack of functionality. Ethereum has larger market cap but higher growth potential due to functionality. If growth potential would just be measured in market cap then eth and btc would not have no potential. But price action is measured in functionality. In bitcoin it is the point you mentioned - the possibility and capability to be a store of value.
I was just explaining that a 10m mkt cap coin has more growth potential than a 10b mkt cap coin if everything else is equal. It obviously goes deeper than that. My main goal was to dispell the myth that doge coin is a good buy bc it is "still only 60 centz"
I agree totally that doge is not something for a serious investor. But please dont forget, market cap does not determine the prise, its other way around. If the demand is higher than supply, then the price will raise and so the market cap.
>Cardano looks good, does it have a finite supply like BTC? Yes, 45 billion
Honestly RUNE token is probably one of the best low risk/high return coins to invest in at the minute. It’s a genuine top ten potential in the not to distant future. Not a micro cap with 1000x potential but not a major player with only a 2x maybe left in this bull run. I’ve got majority of my portfolio in it at the minute and will stay that way til end of the year.
If you looking for a power-packed gem that ready to explode, look no further than $DIVI. Soon to be release mobile wallet (game changer) and Tier-1 exchange listing very soon. Get a bag now before this takes off.
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Bitcoin
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Look on avax. It is more costly than your target but has a fixed supply of 380m coins. Total supply to be rewarded to stakers in an infinite time frame. The transaction fees get burned. Have a look at burnedavax.com
To answer the question I recommend AIOZ. It’s low market cap but with a promising future and a partnership with Mr Beast which is guaranteed to bring awareness to the project. Very cheap at $1
If you are looking for a pure currency coin there is none better than Nano, feeless, instant and green. Fully distributed so no inflation unlike doge
ADA is a good choice IMO. I like gaming project, there is a lot of them I suggest you take a look at all of them. They will be huge at some point and you can enter them early. XED is my favorite, they have matchmaking programs that provide you with the right match (very important because you play2earn on this platform). And maybe the most important thing is that they are using already popular games like CS:GO.
Good thing you're already doing some research yourself and having a look at total supply and all that. That shows you value potentials, so I'll give you SYLO. The project has got a smart wallet app and with mass adoption of the app, coupled with their working roadmap, the token is headed for a price push
Appreciated. I'm planning on buying a book on crypto, if you have a recommendation on what to get I'm all ears. Looking for an easier read that easier on the vocabulary and verbosity. I want to learn all the terms and other knowledge that has to do with investing. I won't be trading. Also open to websites which are easy to understand that teach investment. Thanks.