Token supply doesn't matter if project and community aren't good enough. If team fail to do proper development then low Supply base altcoins could useless or scam. But if a community support its project then max supply base altcoins also hit. Like doge shiba are memecoin, having huge supply but now available on top. Well there are many altcoins for collection. Now I'm think about sol, jup, manta, arb, fantom and some others altcoins. Sol isn't low cap i know but it seems ,will be explode soon.
and besides scam project will keep scamming no matter what , I mean there are low cap and high cap project that serves their investors and users depending in their plans , meaning if the project and the team planned to be legitimate and will follow their roadmaps then that means their coins will grow in support of true investors, but if they are planning to scam? then the support will only comes from their own pocket to show people they are rising but the truth is that is the trapping .