Cryptocurrencies with High Circulating Supply
When it comes to crypto investments, the circulating supply plays a crucial role in finding the right options. It affects the market dynamics around the concerned crypto. Cryptocurrencies with high circulating supplies often gain more attention due to their widespread availability. Some long-term traders prefer investing in low-supply cryptocurrencies. However, this article includes the top cryptocurrencies with a high circulating supply to consider investing in. Some trading strategies rely on high supply, and these coins are the perfect choice.
Cryptocurrencies with high circulating supply
Milady Meme Coin ($LADYS)
Milady Meme Coin, $LADYS, is a unique memecoin inspired by internet culture. Unlike other cryptos, $LADYS go beyond regular financial transactions. It signifies a fusion of digital currency and internet culture like no other.
Pros and Cons
- Ensures transaction transparency and security
- Blends serious technology with lighthearted concepts
- Creates a unique intersection of humor and finance
- Community-driven approach with a strong social media presence
- Fosters engagement and popularity
- Reliance on internet culture
- Volatility based on trends
- Success dependency on community engagement
- Perception as a novelty rather than a serious digital asset
Shiba Inu ($SHIB)
$SHIB is a decentralized, community-led cryptocurrency. It seeks to explore the possibilities of community governance. The memecoin originated in late 2020 and has evolved into a global phenomenon. It is widely accepted as a form of payment. The Shiba Inu ecosystem also includes ShibaSwap, a decentralized exchange.
Pros and Cons
- Community-driven governance model
- Encourages active participation
- Utilizes Ethereum blockchain for smart contracts and decentralized exchange
- Multi-token system
- Adding versatility and functionality to the ecosystem
- Abundant token supply affecting long-term value
- Reliance on community governance leading to challenges in decision-making
- Vulnerable to market sentiment and trends within the meme coin industry
Pepe ($PEPE)
$PEPE is a deflationary meme coin that pays homage to the popular meme character Pepe the Frog. It aims to leverage the popularity of meme coins. But while doing so, it also maintains simplicity and transparency.
$PEPE operates on the Ethereum blockchain and it also features a redistribution system. This helps reward long-term stakers.
Pros and Cons
- Transparent no-tax policy and redistribution system
- Incentivizes long-term holdings
- Burning mechanism to maintain scarcity despite a maximum supply
- Community-driven approach
- Homage to a popular internet meme, enhancing engagement
- Relies heavily on meme culture
- Susceptible to shifts in trends
- Lack of utility beyond meme status limiting long-term viability
- Vulnerable to regulatory issues
- Association with controversial internet memes
Coq Inu ($COQ)
$COQ is a memecoin operating on the Avalanche C-Chain. It is getting recognized as the first of its kind within the Avalanche ecosystem. The token has a unique tokenomics structure and has also exhibited a rapid value growth. Furthermore, it is also aiming to establish itself as a notable player among meme coins.
Pros and Cons
- Utilizes Avalanche C-Chain for transactions, enhancing scalability
- Strong community support
- Rapid value growth, contributing to its visibility
- Contract fully renounced, enhancing transparency and fairness
- Relatively new within the meme coin space
- Lacks established track record
- Dependency on meme coin status
- Reliance on social media trends for sustained popularity
Bonk ($BONK)
Bonk is a dog-themed memecoin on Solana. It aims at bringing liquidity back to decentralized exchanges within the Solana ecosystem. The main focus of the memecoin is on community involvement and widespread distribution.
Pros and Cons
- Designed to boost liquidity within Solana's decentralized exchanges
- Airdropped to a wide range of Solana community members, promoting inclusivity
- Community-centric approach
- Limited digital footprint
- Unclear airdrop details may affect visibility
- Relatively new within the Solana ecosystem
- Facing competition from established tokens
- Vulnerable to market sentiment and volatility inherent in meme coins
Floki ($FLOKI)
$FLOKI is a utility token that forms the basis of the Floki Ecosystem. It is inspired by the Shiba Inu community and Elon Musk’s Shiba Inu, Floki. This makes it another popular memecoin based on the famous Shiba Inu dog breed. With a focus on utility and community-driven initiatives, $FLOKI aims to establish itself as an all-rounder digital asset.
Pros and Cons
- Powers various projects within the Floki Ecosystem, including NFT gaming metaverse and DeFi
- Operates on both Ethereum and Binance Smart Chain, enhancing accessibility
- Strong community support
- Strategic partnerships contributing to its growth
- Relies on the success of projects within the Floki Ecosystem
- Vulnerable to market sentiment and trends within the memecoin industry
- Regulatory uncertainties
- Competition from similar tokens poses challenges
1000SATS ($SATS)
1000SATS is a BRC-20 token. It is launched with an aim to pay tribute to Satoshi Nakamoto, the creator of Bitcoin. With a playful approach to the cryptocurrency world, 1000SATS aims to raise awareness for the smallest unit of Bitcoin, the satoshi.
Circulating Supply- 2.1 Trillion
Pros and Cons
- Symbolic representation of satoshi
- Encourages awareness and education on satoshi
- Operates within the BRC-20 ecosystem
- Leverages security and functionality
- Appeals to both cryptocurrency enthusiasts and newcomers
- Relies on the popularity and stability of Bitcoin
- Limited utility beyond symbolic representation affecting long-term viability
- Vulnerable to market sentiment and fluctuations in Bitcoin's value
Wen ($WEN)
$WEN is a popular memecoin on Solana. The coin was distributed through an innovative NFT-based token distribution method. It focuses on community involvement and democratized access. This further enables it to establish itself as a prominent player within the Solana ecosystem.
Pros and Cons
- Innovative token distribution method through fractionalized NFTs
- Strong emphasis on community involvement
- Democratized access to the token
- Demonstrates Solana's technological capabilities
- Potential for innovative projects
- Vulnerable to market volatility
- Vulnerable to speculative nature of meme coins
- Complex tokenomics and community governance
- Relatively new within the Solana ecosystem
- Facing competition from established tokens
Dogecoin ($DOGE)
$DOGE is a peer-to-peer digital asset inspired by the popular “doge” internet meme. It has a friendly ethos and abundant token supply. $DOGE aims to reach a broad audience. Furthermore, it also targets on promoting a positive social impact through its community-driven initiatives.
Pros and Cons
- Friendly and approachable branding
- Appealing to a wide audience
- Enables secure and transparent transactions
- Strong community support
- Active engagement contributing to its longevity
- Abundant token supply affecting long-term value and stability
- Heavy reliance on community sentiment and social media trends
- Vulnerable to regulatory issues
- Vulnerable to market volatility inherent in memecoins
Tether USDt ($USDT)
$USDT is a digital token pegged to the value of the US dollar. It offers a stable alternative for digital transactions in a decentralized manner. Having transparency in reserve backing has enabled a widespread adoption for it. Furthermore, its main aim is to provide stability and accessibility within the cryptocurrency market.
Pros and Cons
- Pegged to the value of the US dollar
- Providing stability in volatile cryptocurrency markets
- Supported on various blockchains, offering flexibility and accessibility
- Transparent reserve backing
- Enhanced trust and confidence among users
- Relies on the stability and credibility of the US dollar for value
- Vulnerable to regulatory issues and market volatility
- Dependency on centralized reserves posing risks to decentralization and security
Frequently Asked Questions
1. Is high circulating supply good for crypto?
Circulating supply plays a key role in determining the liquidity and stability of a cryptocurrency. A higher circulating supply enables easier trading and ensures price stability.
2. What happens when circulating supply reaches 100%?
When a crypto’s circulating supply reaches 100%, it indicates that all available coins have either been mined, created, or minted.
3. What if crypto reaches max supply?
Once the maximum supply is reached, no additional coins will be generated.
4. How to check circulating supply of tokens?
Checking the circulating supply of token requires calculating the initial supply created at launch and subtracting any coins burned or locked away. This includes reserves held for development, future release, or other purposes.
5. Does circulating supply affect crypto prices?
Yes, circulating supply is one of the factors influencing cryptocurrency prices.
Recent Posts
- Bitcoin News
Breaking: U.S. PPI Cools To 2.6%, BTC Price Rises
The U.S. PPI data has come in way lower than expectations, providing a bullish outlook…
- Bitcoin News
Traders Brace for Hot US PPI amid Sticky Inflation, Risks BTC, ETH, XRP Liquidations
Crypto traders are bracing for another higher-than-expected August US PPI print, after a hot 0.9%…
- 24/7 Cryptocurrency News
Shiba Inu Releases Update On LEASH V2 Migration, Here Is What To Know
Shiba Inu has provided an update on the migration of its LEASH token. The report…
- 24/7 Cryptocurrency News
GameStop’s Revenue Boosted by $528M Bitcoin Stash, Reports Minimal Q2 Loss
GameStop has reported an increase in revenue thanks to its $528 million Bitcoin holdings. This…
- 24/7 Cryptocurrency News
Metaplanet Stock Shoots 17% After $30M Investment from Bitcoin Treasury Firm
The Metaplanet stock rallied by a strong 17% on Wednesday, September 10, in a healthy…
- Altcoin News
SUI News: Mysten Labs Met US SEC Crypto Task Force Ahead of ETF Decision
SUI News: Sui blockchain developer Mysten Labs and its legal counsel met with the U.S.…