how are you all Hope everyone is doing well, Today I will talk about something very important! Many times, while doing detailed analyzes about coins, we also need to pay attention to the supply of that coin, because the price of that coin depends on the supply of the coin. The higher the demand for the coin, the better the price! But if you pay attention to Doge, Shiba coins, you can see that the supply of these coins is huge!
But the surprising thing is that these coins have a huge price in terms of supply, the only reason for this is that many celebrities have their hands behind these two coins, such as Elon Musk, the richest man has invested in this coin, after knowing that there is a huge hype in these coins. seen,
But it is not true that all coins will have such a price, before investing in a coin, know the details about that coin.
For example, first know how the supply of that coin is.
Like Max supply, circulating supply, total supply, now these three things I will explain to you today, from now on you will understand by yourself,
The full meaning of Max Supply is Maximum Supply, as it means that when the coin project is launched, they will transfer a certain amount of coins, such as Bitcoin Supply is more than 21M Bitcoins, but they cannot create 1 more Bitcoin.
The lower the Max Supply of the coin, the better the price.
Now the meaning of Circulating Supply is that the coins that are trading in the market at this moment are Circulating Supply. For example, the Circulating Supply of Bitcoin is 19M+, which means that 93% of the Max Supply of Bitcoin has come to the market, and 7% is left which will come slowly in the future.
Now the Total Supply is slightly more than the Circulating Supply, many times the Coin is locked for a long time, and it is removed from the Max Supply for Airdrop.
However, Bitcoin's Total Supply and Circulating Supply are the same because Bitcoin has never Locked/Airdropped their coins.
Many times many coins have Max Supply Unlimited, avoid from those projects, because they can scam any time they want and sell their coins secretly.
I hope everyone understands, everyone be well and stay healthy,
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