Circulating supply is an important issue in the cryptocurrency world. A project circulating supply represents the total number of coins or tokens available on the market and actively circulated among investors. This directly affects the value and market capitalization of cryptocurrencies. We know that low supply creates scarcity in the market which causes the price to rise and more supply can lower the value of the token meaning demand decreases. Investors often consider supply trends when evaluating a cryptocurrency growth potential and determining its attractiveness as an investment. However, other factors such as the project underlying technology, use cases and overall market conditions should be analyzed and then invested in instead of relying solely on the advertised supply.
When the supply is huge, coins often turn into a scam or become worthless in the long run. Most people don't understand the importance of a coin's circulating supply, as they invest blindly with the hopes of turning a profit in the least time possible. Based on what I've seen, the vast majority of altcoins have a large circulating supply. Only a small few are finite by design. Yet, most altcoins are rising in price like there's no tomorrow. Even ETH is near the $2k range. I guess cryptonomics works in a different way.
What really matters is what real use cases a cryptocurrency provides. Not the price. As long as it's being constantly developed and maintained by the community, there should be nothing to worry about. Who knows which will be the next coins to gather the attention of mainstream investors and traders alike? Just my opinion
