Cryptocurrency Q&A
Which crypto has a supply limit?
Which crypto has a supply limit?
Martina
Tue Jul 30 2024
|
5 answers
1075
Could you please elaborate on which cryptocurrency specifically has a supply limit in place? Are you referring to a popular cryptocurrency like Bitcoin, which has a hard-coded limit of 21 million coins that can ever be mined, or perhaps another cryptocurrency that follows a similar model? It would be interesting to know if this supply limit is a unique feature of a select few cryptocurrencies, or if it's a more widespread practice in the industry. Additionally, how does this supply limit impact the value and adoption of the cryptocurrency in question? I'm curious to hear your thoughts on this matter.
5 answers
Dario
Thu Aug 01 2024
Cardano (ADA) and Chainlink (LINK) are two other notable limited supply cryptos. Both have gained popularity due to their innovative technology and potential for widespread adoption.
Was this helpful?
188
48
KimonoElegance
Thu Aug 01 2024
Cryptocurrencies have emerged as a new asset class in recent years, offering investors an alternative to traditional assets like stocks and bonds. Among these, those with limited supply have garnered particular attention due to their potential for long-term appreciation.
Was this helpful?
180
69
CryptoWizard
Thu Aug 01 2024
XRP, Avalanche (AVAX), and Litecoin (LTC) are also limited supply cryptos that have attracted the attention of investors. Each has its own unique features and use cases, making them attractive investments for those looking to diversify their portfolios.
Was this helpful?
370
78
HallyuHeroLegendaryStar
Thu Aug 01 2024
Bitcoin, the pioneer of cryptocurrencies, is perhaps the most well-known example of a limited supply crypto. With a maximum supply of 21 million coins, Bitcoin's scarcity is a key factor driving its demand and value.
Was this helpful?
110
98
CryptoAce
Thu Aug 01 2024
Binance Coin (BNB) is another popular limited supply crypto. As the native token of the Binance exchange, BNB's demand is fueled by its utility within the Binance ecosystem and its periodic burns, which reduce the total supply over time.
Was this helpful?
227
20
