Its a common mistake of people new to investing to focus on cheap coins and assume that if the price is low, then the coin is cheap. This is not the case, its the market value (known as market capitalisation or market cap) that is the more important figure to focus on.
The reason for this is that the number of coins in circulation (the supply) of each cryptocurrency can vary dramatically, so when you buy 100 say of a coin, the share of its supply that you own can differ by multiples of thousands or more.
Think of it this way. There are two stalls selling Pizza.
Stall 1 has a sign saying pizza is $1 per slice
Stall 2 has a sign saying pizza is $0.01 per slice
Q. Which is better value?
Stall 2, as long as the slices are the same size!
But thats the thing here with Crypto, the slices are not the same size.
Stall 1 cuts its 12 inch pizza into 8 slices
Stall 2 cuts its 12 inch pizza into 8,000 slices (well lets pretend this is possible)
So with Stall 1 you get 1/8th of a pizza for $1, valuing the whole pizza at $8, and with Stall 2 you get 1/8000th of a pizza for $0.01 valuing the pizza at $80
So the lower price isnt good value because you are getting such a small proportion of the pizza
Similarly in Crypto you need to understand what share of the project 1 coin gives you - ie what is the supply or how many pieces are there
There have been a lot of meme coins issued recently to exploit peoples misunderstanding of this, making them think that the low price means it can go a lot higher, and that the high number of coins they can buy means they have a lot, whereas in reality their share the project is very poor. People speculate that Shiba Inu might get to $0.01 but in reality that would mean it was worth about 5x more than Bitcoin (at time of writing this) which is clearly not realistic
Market Cap Tool
To illustrate this we have developed a simple tool that allows you to compare the value of a coin to other coins and popular assets like gold so you can see realistically what price your coin could get to to make it a top 10 coin or the number one coin, or as valuable as gold. This then gives you a reality check on the potential upside you might expect.
Choose a coin above to see how its valuation compares to other coins and how how the price might realistically go