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I know coin/ token price has no meaning on its own, but I still think the trend of coins being designed to be worth $0.0000000000001 is pretty awful

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by COINS NEWS 199 Views

I know, I know, coin price doesn't matter at all without considering the number of coins, it's all about market cap, no need to explain. I understand why coin creators create a quadrillion tokens to keep the coin price extremely low - it's for the very, very casual crowd that doesn't know what market cap is and just think that, if their coin went to $1, they would be rich. "BTC went to $69k so $1 should be possible, right?"

However, I, knowing that coin price doesn't matter, really wouldn't want to buy a coin worth $0.00000000...1 from a point of convenience alone. I want to be able to know at one glance how my coin developed since I bought it. I bought at $0.80 and now it's $1.21, I can immediately see how much that changed. Same if it was worth $37, $424 or even something in the thousands.

That's not the case for meme coins with a quadrillion tokens. BABYDOGE is currently worth 0.000000001501, I would need to count zeros if I had bought at one point and wanted to see if it went down 99% or up 10,000% since I bought. Sure, it's a minor problem and usually I will rather just check a portfolio tracker, but it's annoying.

I hope, if this market ever matures a bit, we leave this phase of huuuge numbers of tokens behind us so coins have more "normal" prices - or, at the very least, that more serious new projects don't start doing this as well. Is this just me or are those prices with tons of zeros after the decimal point really off-putting to anyone else?

submitted by /u/mic_droo
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