What is the fair percentage of a total max supply that are in circulation that can make you invest in a project? It is fine to avoid a project that has low circulating supply? Why? What about if the project is a brand new project and the use case is killing it?
If 100% is better, it means that there are no tokens left for the developer. But if it doesn't reach 100% it's not a problem either, as long as the project can be trusted. In fact, it's rare for a project whose total token circulation reaches 100%. It depends on the sales amount during presale.