🔥Based on the information in the screenshot, all coins are already in circulation.🔥
💥This can be seen from two main data:
Circulating Supply / Max Supply: 100.0%
Total Supply: 420,000.00T SIMPSON
Max Supply: 420,000.00T SIMPSON
💥When Circulating Supply (supply circulating in the market) equals Max Supply (the maximum supply that will ever exist), it means that no more new coins will be minted or released to the market. All coins are already available and can be traded.🔥
💥Can the price go up if the supply is 100% circulating?
Of course, prices can go up even if supply is 100% circulating.
💥In fact, there are many crypto assets whose supply has reached 100% and their prices have continued to increase significantly. The most famous example is Bitcoin (BTC).
Here is an explanation of why this could happen:💥
💥1. Demand vs. Supply🔥🔥🔥🔥🔥
💥The price of an asset, including crypto, is determined by the basic laws of economics: supply and demand.🔥
💥Supply: In this case, the supply is fixed and maximum (100% circulating). This means that the number of coins available for trading will not increase.🔥
💥Demand: If the demand to buy the coin increases, while the number of coins available (supply) does not increase, then an imbalance will occur.🔥
💥When demand is greater than supply, buyers will be willing to pay a higher price to acquire coins, which will ultimately drive the price up.
💥2. Demand Driving Factors🔥🔥🔥🔥🔥🔥🔥🔥
💥So, the main question is not whether the supply is 100% circulating, but why can demand increase?
💥Some of the factors driving the increase in demand, especially for meme coins like SIMPSON, are:🔥
💥Hype and Market Sentiment: This is the most dominant factor for meme coins. If there is a viral trend on social media (e.g. Twitter or TikTok) that makes many people interested in buying the coin, the demand will skyrocket.🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
💥Community Support: An active and strong community can continuously promote the coin, attracting more new buyers.
💥Influencer Endorsements: A tweet or post from a well-known crypto influencer can trigger a wave of mass buying.🔥
🔥Listing on New Exchanges: If the coin is listed on a larger and more popular crypto exchange (like Binance, Coinbase, etc.), it will have access to more potential investors, which can drastically increase demand.🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
🔥Project Development: Even though it is a meme coin, if a developer adds new utilities or features (e.g., creating a game, NFT, or DeFi platform), it could attract more serious investors.🔥
💥3. Real Example
💥Bitcoin (BTC): The maximum supply is 21 million BTC. Currently, around 93-94% are in circulation. Although the supply is getting closer to 100%, the price continues to rise over time as demand continues to increase (from institutional investors, countries, and individuals).🔥
💥Other Meme Coins: Dogecoin (DOGE) and Shiba Inu (SHIB) also have huge supplies, most of which are already in circulation. However, they can experience crazy price spikes just because of market sentiment, a tweet from Elon Musk, or a viral trend.🔥
💥A 100% circulating supply does not prevent prices from rising. On the contrary, a limited or fixed supply (not increasing) can actually be one of the factors driving prices up if demand continues to increase. This creates a condition of scarcity, where assets become more valuable because they can no longer be produced.🔥
💥So, for SIMPSON, the price can go up if there is a strong wave of demand, even though all the coins are already in circulation.💥
