Quote from: JooBra on Today at 10:03:27 AM

Quote from: Fujiati on November 11, 2020, 04:06:26 PM

Quote from: danielFlow on November 10, 2020, 04:35:34 PM

Wow, yea, true, each token costs more then $125. But I think the reason of this is that there are only 1000 CYTR, it is total supply

I think this is because he can can manage it well and be able to make it so valuable, yes supply has a effect on tokens price, but not always, isn't?
example "UNI token total supply was 1,000,000,000 but worth for $3 each, while another token that has same supply but not valuable in the market."

At most cases supply effects the price. Also big thing is there anybody who has lot of tokens like 20% or more cause it can dictate the price.

Maybe you mean the rich list, some of big investor. Yes, they might be able to turn things around quickly, but of course they have good reasons to sell large amounts of coins. If everything seems under control, I don't think they will be careless about using the tokens they have just to destroy the market.