MAX SUPPLY
The smaller the better. I rarely go near coins over 10bn max supply.
Look @ the ratio between it & the circulating supply. If circ supply is less than 25% of max supply, do further research on emission of supply to get a better idea of whats a low entry for that coin.
According to maths, which doesnβt lie, Coins with smaller max supplies (under 10bn) like $VRA $XPR $STACK $DRCT find it easier to grow in value and in minimal time compared to those with HUGE supplies.
the higher the ratio of circ supply:max supply, the greater the chance of profit, as a coinβs inflation rate has a much larger impact given a greater duration. Coins with over two/thirds of max supply in circulation are ideal, cos by then inflation as % per day is negligible.
maximum supply will tell you whether a coin is going to suffer from large levels of inflationary pressure or not. This is a huge component in the growth potential of any given cryptocurrency
with new coins, Be wary of the ones with very little of the max supply in existence as their market caps are deceiving, and thus the value of an entry is obscured.
It also goes without saying if youβre just starting out with under Β£1000 you donβt want to be investing in ANY coins over 0.10 in value. 0.02 should be the max tbh, but exceptions can be made for coins with IMPECCABLE fundamentals like $VRA.
MARKET CAPITALISATION
In simple terms itβs the price of a coin multiplied by either, circulating supply, total supply or maximum supply, depending on what youβre is looking for. it allows u to value a coin at the current price & the point where entire supply exists.
For example if you wanted to predict the future of $VRA value, you can mathematically compare it to a coin with an identical max supply ($MATIC) to get an accurate long term prediction⦠given the fact matic is higher in value & both these coins have the same max supply⦠we can
Divide $MATIC mcap by $VRA circ supply to get an idea of what the price would be at the same mcap.
10bn / 4.47bn = 2.23
So when VRA reaches the same market cap as MATIC, which is achievable because MATIC has already done it, based on a 4.47bn circ supply it will be 2.23/coin.
THE RICH LISTS
The feature of the block explorer that i β€οΈβ€οΈβ€οΈβ€οΈ is the rich-list. This is simply a list of the singular addresses with the largest holdings in a coin, and is rendered by the transparency of the blockchain.
the rich-list allows us to figure out patterns in accumulation or distribution of a coin. What I mean by that is that, by tracking the top addresses, one can assess whether the coin is being stockpiled (YOU BUYYY), or if the coin is being sold by the large holders (YOU SELL)
COMMUNITY
The most crucial thing. An altcoin without a strong core of supporters wont survive a bear market. Its the foundational strength thats allowed for a multitude of coins to survive numerous pump-and-dumps / near- death experiences, and be rebuilt and revitalised.
SO LOOK FOR:
Under 10bn tot supply
Preferably 2/3rd in circulation already
Under 0.02 in price
Minimal major exchange listings
Strong community
rich list is showing bullish data
Something innovative and unique like Veraistys POV tech or STACK OS approach to #Decloud
REALISTIC $VRA PRICE PREDICTIONπ¨ A THREAD ππ½ READπ
VRA is the ONLY protocol seeking to correct a $160bn problem (fake views) in a $350bn market (online advertising). Not taking into account their involvement in Esports, Video Entertainment, and NFT's, this is promising!!!!π
If $VRA only captures 0.625% of the $160b problem (forgetting the rest of the market altogether), this puts VRA at a $1bn Mcap & that would put it just under the top 100 ranked coins. One mere VRA would be $0.25, assuming the VRA supply stays the same (we know it won't)ππ₯
Imagine Verasity capturing 1% of that market. It's market cap (MC) would be $1.6b, and price = $0.41.
10% of the same market. MC would be $16b, and price = $4.12.