Can coins with 1 billion+ coins become profitable?
For example: xrp, stellar lumens, nem, iota?
I noticed coins with a low coin supply are usually higher in price which is understandable. But for coins with billions in supply, how long would you guys think it would take for them to hit, let's say.. $10 $20 $30
Really trying to figure out how to do the math on these from market cap/ coin supply to get an estimate on what the coin market cap would have to be to reach a certain price.
Any help would be appreciated. Thanks
Yes. Because the number of coins is irrelevant. I don't understand why this issue comes up so much here...
If the
marketcap of a coin increases 50% then the value of your holdings of that coin has increases 50%, regardless of the number of existing coins. So stop looking at the value of a coin, look at the marketcap (plus a bunch of other stuff too, of course)...
A coin with low price and big supply can be just a s profitable as a coin with high price and low supply, because you can afford to buy many more of them. If you hold 10 coins valued at $30 dollar each isn't any better than holding 1000 coins at $0.3 each.