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RE: "Unit bias" and trading behaviour in the cryptocurrency market
One of the effective ways to forecast estimated price of a coin is considering circulating supply in market. Despite the common belief of high numbers may refer lower value, many coins proved exactly opposite such as Ripple (XRP), SiaCoin (SC) etc. All time high levels can hit anytime by manipulation or speculation.
Agreed - you can stand to gain more, on average, with coins that are of a lower circulation, but Cardano, SiaCoin, and Ripple have proven that a lower circulation doesn't necessarily matter so much. I do think it's worth having a few "long-shots" as part of a portfolio. I just wouldn't bet the farm on them.