I have a question.
Is there any relation between circulating supply and price of the coin? something like if the circulating supply is higher, the price of the coin will be less as compared to the price of coins with lower circulating supply.
Examples:
BTC
Circulating supply: 21m.
Price: $10,562.20 USD
ETH
Circulating supply: 98m.
Price: $783.73 USD
TRX
Circulating supply: 65b.
Price: $0.04 USD
XRP
Circulating supply: 39b.
Price: $0.90 USD
NULS
Circulating supply: 25m.
Price: $3.90 USD
Does that mean the price of NULS is more likely to go up than that of ripple, trx and xrp? or may be ETH someday?
Could someone please explain this to me?