I always thought that initial coin price is not important, because there is no difference between buying 1000 coins at $0.001 or 0.001 coin at $1000. Buy most of my friends who are newbie in crypto prefer buying low cost coins ("BTC is already $15000 but Rillple is still cheap").
Maybe that means that new people coming to crypto would prefer new altcoins (especially altcoins with lower price and more total supply) rather then BTC, ETH and other > 1000$ coins?
Also with cheaper coins it's simply easier to calculate whey purchasing something with crypto. I'm sure everyone is using calculators while trading on BTC/* pairs))
You are joking right? Can 15000$ coin raise x100? It will cost then 1.500.000. And in addition, multiply the capitalization by 100, you get an astronomical sum. Altcoin with a price of 0.001 can grow by 100? Obviously, yes, 0.1 is not that much, but if you buy coins at 0.001 price for 15.000$ and they grow x100? How much you will get? But with small price and capitalisation, there is always a big risks, that token will fell down and you will loose your funds. Good price coin can give you 20-200% grow.So it's your choise to risk and raise big x-s, or to not risk and get 0.2-2x.