All these arguments are certainly understandable and certainly make sense. And on a more positive note, coins with fewer in circulation have a better impact on investment choices. But when investing in a project, I no longer look at this, but at the usefulness of the development for the community. That is, the positive use of the product as a whole
In the case of a brand-new project with a strong use case, it might be worth taking a risk and investing despite its low circulating supply. A solid use case can drive demand for the project, potentially leading to an increase in value over time. My personally opinion, considering the circulating supply can be useful, it should not be the only factor in making an investment decision. The usefulness of the development for the community and the project's overall potential should be the primary focus. A project with a strong use case and a positive impact on the community is more likely to succeed in the long run, regardless of its circulating supply.