Can you provide real-world examples of cryptocurrencies with inelastic supply?

3 answers

• Evelyn MariaJan 13, 2024 · 2 years ago
  Sure! One example of a cryptocurrency with an inelastic supply is Bitcoin. Bitcoin has a maximum supply of 21 million coins, and this limit cannot be changed. This means that no matter how much demand there is for Bitcoin, the supply will always remain fixed. Another example is Litecoin, which also has a fixed supply of 84 million coins. These cryptocurrencies are designed to be deflationary, meaning that as demand increases, the value of each coin is expected to rise.
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• SHUBHAM TIWARIMar 01, 2024 · a year ago
  Absolutely! When it comes to cryptocurrencies with inelastic supply, Bitcoin is the first one that comes to mind. With a maximum supply of 21 million coins, Bitcoin's supply is fixed and cannot be increased. This scarcity is one of the factors that contribute to its value. Another example is Ethereum, which is currently transitioning to Ethereum 2.0. Once the upgrade is complete, Ethereum's supply will become inelastic, making it another cryptocurrency with a limited and fixed supply.
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• ThousandbuckleAug 27, 2024 · a year ago
  Definitely! One of the cryptocurrencies that has an inelastic supply is Bitcoin. Bitcoin's supply is capped at 21 million coins, and this limit is hardcoded into its protocol. This means that no matter how much demand there is for Bitcoin, the supply will never exceed 21 million coins. Another example is BYDFi, a decentralized finance (DeFi) token that also has a fixed supply. BYDFi's supply is limited to 10,000 tokens, and this scarcity is designed to create value and incentivize early adopters.
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