Hey, so I've been in involved in crypto and particularly in ICOs for almost a year now. I have invested in numerous ICOs over that period and one thing I noticed is that the most successful ICOs are the ones which had low ICO hard cap. It makes sense because its much easier for market cap to increase from 10 million to 30 million for example, rather than from 50 million to 100 million,right? For example IOTA raised 1100 BTC in 2014, now their market cap is around $1,2B USD same goes for Ethereum and many other ICOs who set low caps
Your thoughts on this?
It is one good thing if the hard cap is low. It means the room for growth is still very big. It will not be hard for the value to increase because of it. But you may also try to consider the total token or coin supply. If it is very big as some others are even reaching the billions then perhaps you will still find its value hard to increase significantly because you will have to put it back to back with the supply. And then there are still some other factors.