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?
I will take a few examples of projects to discuss.
Eg :
1. Aptos: They are given 130M(Initial circulation supply) at the TGE(13%)
2. Sei: They are given 1800M(Initial circulation supply) at the TGE (18%)
When you compare the above 02 projects, Aptos has the full potential to grow. Because Aptos is given a lower percentage for the circulation supply. Sei's circulation supply is higher than the aptos. But when you compare with the use cases of the 02 projects, Sei is faster than aptos. Sei is the fastest layer 1 project. But if you compare sei and Aptos prices, Aptos price is higher than the sei.