Supply vs price?
Quick observation/question to spark some discussion. Taking a look at total supply for RVN, We are around the 9 billion mark. I’ve never looked, but was curious how that compares to other alt-coins. Doing a quick random sampling, I was hard-pressed to find any coin with a price over $1 with an available supply ending in a B. Seems many of the coins topping $10 up into the thousands is in the 100 million range and often less.
So is it fair to say, doing some napkin math, if RVN is 90 times the supply another coin, ETH for example, then if RV in today had the same supply as ETH, its value could be 90 times today’s price, so $12-$13 range vs our current price of $.13-$.14? I realize that’s a simplistic view and there are many more drivers to price. Really just curious thoughts on mathematical factors for supply when comparing one coin to another.
Second piece, with adoption, hopefully goes increase in price. Curious if anyone thinks the additional burn created from new adoption will positively impact price from the supply side or, since the supply is so large, is the reduction in supply from burn really just decimal dust?
submitted by /u/twDaddy
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