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))
I think your friends are right. Though, it's not mandatory! I usually search for this kind of tokens. I bought CAT tokens By BitClave on Bibox exchange at a bargain basement rate. It's because of the market dip! However, it's a good project! They're building a decentralized monetized search engine. It would let us keep our data secure on a blockchain. No one will be able to use the data without the permission. And they plan to hit the online ads market with this product. Do you know how they say that Google and Facebook make their 70 - 90 % on online ads? BitClave lets us remove intermediaries and be rewarded with CAT tokens. It means we're going to be the ones who'll take this money. Not Google. So, there are many projects to invest now. There will be even more. Do your diligence to find the good ones. It won't be easy. But in the end, it may bring you a lot of money.