Quote from: muncuss on September 30, 2018, 11:48:18 AM

Quote from: o_e_l_e_o on September 30, 2018, 09:01:51 AM

You are correct the marketcap is the same, but it will make a difference.

You can find multiple new threads every day on these forums from newbies that don't understand marketcap, talking about how "penny coins" are cheap because the price is so low, completely oblivious to the billions of coins/tokens there in circulation. If you launched an ICO charging $10 for a token, a lot of newbies would say it's overpriced, regardless of marketcap or circulation.

And the use case of the token has never matter in ICOs before - morons will throw their money at anything with a nice website, even if it is a complete ponzi piece of trash scam.

yes ppl will prefer to buy cheaper token, no matter how scam the project, coz ppl already saw many get 7-10x profit with that kind of token.
fact is fact, those cheap tokens have higher chance to give you lambo in short time than top 10 coin/tokens

psychologically easier to buy 1,000 $0.01 coins than 10 $1.00 ones. i think retail investors prefer that

malweyer

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