How To Predict The Next Big Cryptocurrency and Invest Early
steemit·@strem·
0.000 HBDHow To Predict The Next Big Cryptocurrency and Invest Early
http://www.iuemag.com/november2015/aw/images/iu-e-magazine-money-cryptocurrency-government-currency-stock-market-online-transaction-miners-insecurity-digital-currency-ledgers-records.jpg Image Credit: iuemag Many of us who are new to the cryptocurrency world, may be wondering just how you can get in early on the next big cryptocurrency before it becomes a super star. Well, so am I. Here is a common feature of the biggest cryptocurrencies right now, apart from having a good technological Base, that can be used as a pointer or clue to pick the next big price coin before it becomes big. CIRCULATING SUPPLY  image credit: media.licdn.com What makes the price of goods and services go up in everyday business environment? Elementary economy teaches that, demand and supply, is one of the key determinant of Price of goods and services. If Supply goes up, Demand comes down and if Demand goes up, Supply would definitely come down or they both come to an equilibrium. If the supply of a particular good or service is so much that it becomes far greater than its demand in the market, the price will fall . This is also applicable to the cryptocurrency universe. A currency with very high supply, would need a lot of demand to force the price up. So let us look at our precious cryptocurrencies and how supply affects them. SOME TOP PRICED CRYPTOCURRENCIES AND THEIR CIRCULATING SUPPLY BITCOIN Circulating Supply - 16,404,362 BTC Price - $2200 - $3000 Market Capitalisation: $44,646,083,991 Start Date: 2009  ETHEREUM Circulating Supply - 92,691,195 ETH Price - $280 - $400 Market Capitalisation: $31,347,272,531 Start Date: 2015  DASH Circulating Supply - 7,378,992 DASH Price - $120 - $210 Market Capitalisation: $1,306,851,985 Start Date: 2014  ZCASH Circulating Supply - 1,552,444 ZEC Price - $300 - $410 Market Capitalisation: $581,994,085 Start Date: 2016  BITCOINDARK Circulating Supply - 1,288,862 BTCD Price - $59 - $94 Market Capitalisation: $105,444,909 Start Date: 2014  BYTEBALL Circulating Supply - 255,492 GBYTE Price - $600- $900 Market Capitalisation: $182,028,028 Start Date: 2017  ZCOIN Circulating Supply - 2,388,289 XZC Price - $5- $20 Market Capitalisation: $44,824,654 Start Date: 2017  LITECOIN Circulating Supply - 51,662,682 LTC Price - $30 - $50 Market Capitalisation: $2,464,487,229 Start Date: 2011  Let us also look at Cryptocurrencies with high Circulating Supply and their Prices RIPPLE Circulating Supply - 38,291,387,790 XRP Price - $0.21 - $0.3 Market Capitalisation: $11,344,436,295 Start Date: 2013  NEM Circulating Supply - 8,999,999,999 XEM Price - $0.12 - $0.18 Market Capitalisation: $1,651,689,000 Start Date: 2015  BITSHARES Circulating Supply - 2,596,270,000 BTS Price - $0.2 - $0.3 Market Capitalisation: $810,456,836 Start Date: 2014  BYTECOIN Circulating Supply - 2,596,270,000 BTS Price - $0.2 - $0.3 Market Capitalisation: $466,492,521 Start Date: 2014  SUMMARY As a result of low circulating supply and increased awareness, coins with low circulating supply get bought up easily and as people start holding back supply, it forces prices to go up. There are several other factors like, Marketing, Regulations, Technology and Acceptance etc. However, looking at the Circulating supply of all available cryptocurrencies right now, one can spot this trend of low supply and fast growing price. Market Capitalisation is very important but when looking at its effect on price, Currencies like Ripple and Nem says otherwise. The key point to look out for when buying crytocurrency for investment with a hope of making profit within a short period of time would be CIRCULATING SUPPLY. It is very important to do your research and know the technology and the people behind the coin also. *Disclaimer* This is not a financial advice, what you do and the risk associated with it is entirely up to you. Always remember the risk involved in cryptocurrency investment and invest wisely. Seek out proper financial advice and make money, change the world for good. I would have done more analysis but have to stop here for now because my laptop battery is going down very fast and i don't have power supply. Thanks to @minnowsupport for the amzing community and the help offered to minnows. Check out @minnowsupport to know how you can be a part of the community too. Dont miss out on the next big information, Upvote and follow @strem https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/DQmQnvrSD9KMitRVqp4VHnFdPQ9xEm2NinK7FcGybhvmfev/1j_ojl1FOMkX9WypfBe43D6kjP6DqBBKkR3EwXs1M3EMoAJtlCkqhfpj9vwy.png
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