I’ve been having doubts for a week but I am now certain: coins with large supplies are pumping to absurd values regardless of how good the project is.

There is a huge wave of new people in thw market, and for some reason, when they look at the coin prices on coinmarketcap, they look at the coin value and not the coin market capitalization. New people believe that the lower the coin value is, the more it has potential. And they also think that they missed the boat on bitcoin, ethereum and dash just because the coins have a big value.

That’s why ripple, ada, tron, xem, stellar lumens and so many others that were valued at under a dollar are being pumped like crazy. People still see them as cheap, when in reality their market cap is getting close to ethereum’s (and to bitcoin’s in ripple’s case). I don’t think most of these projects are bad, I like some of them, but they are clearly overvalued and keep breaking new highs everyday for too long.

That said, if you want quick gains, find an altcoin with a cheap coin value. This won’t last long, this confusion is going to go away.