Post
Topic
Board Trading Discussion
Re: Is worth buying coins under $1?
by
Doney3
on 13/06/2018, 10:09:10 UTC
When buying cryptocurrency don’t buy cryptocurrencies which are cheap in price but buy cryptocurrencies which have a huge Market Cap.

Yes! Buy Cryptocurrencies according to their Market Cap because if the coin is cheaper that doesn’t make it cheaper.

Market Cap = Total circulated coin (Number of coins in existence available to the public) + Price of Coin

Let's take real an example,

Here, I’ve taken 2 coins.

1.) Ripple
2.) Dogecoin

Now as you can see the difference between their Market Cap, Total Circulated Coins and also the price.

According to the price, Dogecoins looks cheaper well but Dogecoin has a low market cap compared to Ripple.

It also depends on the Total Circulated Coin and if Dogecoin had a price of $0.5 then it could have been competitive.

So I hope you won’t go for coins with cheaper prices instead go for coins having a good market cap and Total Circulated Coin.

If you still need some suggestions about which cryptocurrency under $1 is a good investment for 2018 then here are the coins which I would recommend.

1.) Ripple (XRP) - Currently $0.30
2.) DigiByte (DGB) Currently $0.03
3.) Dogecoin (DOGE) - Currently 0.003
4.) SiaCoin (SC) - Currently $0.01
5.) NEM (XEM) - Currently $0.20