I think that a lot of people believe there is some correlation between number of coins in circulation and the price. If that were the case, rare coins like 42, 66, etc. would be worth millions of dollars each and overly-abundant coins like XRP and Doge would be worthless.
The price of any coin is determined, mainly, on the community supporting it. If you grow the community, then the price will naturally increase. You grow the community by creating apps and services that the coin can be used for.
A good way to create new growth is to target an untapped market, which is the plan that we are working on. Bringing new users into the crypto scene with apps and services targeted at them will naturally create a larger community and an increase in the price.
I agree. I do think there is something to be said for scarcity but only in the sense of comparing coins with caps to coins that are in the billions or have no cap at all. I wouldn't want a billion or more cap that is divisible or to have no cap at all.
As for the difference between 8 million or 88 million, price wise I don't think it will matter too much. It would have to have a user base larger than BTC in order for the buy support to drive up a coin with a lower cap. I compare the 88 million to Litecoin: if it can reach $49 then so could ours and they have 80 million.
The price will definitely be determined by the apps and services. I think focusing on building an eco system with custom apps built for OCTO will determine the price. I think an extra bonus is being on CP. You never know where we may have the ability to cross promote with other coins applications. These guys are all focused on different apps but we all can use the same wallet which would give the ability to cross promote or at the very least to contract out for them to build something we need.
When we start building the ecosystem for our coin it may be something where it becomes more of a multi coin ecosystem for multiple Counterparty assets. This really could be helpful though. It could be something where OCTO starts out as the builders and testers of our services but then we will allow/add other Counterwallet coins to be used. As long as we are pumping out services to keep OCTO as the main token and relevant it wouldn't hurt us.