I never thought I had to say this, but stuff like "best coin under 1$ to buy" has been popping up a lot recently so I had to.
Alt coins are not the same as penny stocks. Basing the moonshot ability of a crypto on its price alone is not a good idea.
Circulating supply, demand, tokenomics, fundamentals, project development and use cases play a role in its growth or decline. The reason why bitcoin per dollar is in the tens of thousands because there are only 18.6m in circ. Compare that to 51c XRP which has 45 billion. XRP did worse than BTC in the past 90d.
submitted by /u/Iiau_
[link] [comments]